Word: soccer
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...never lost my Englishness. Haunted by a fear that my accent is the only thing that makes me interesting, I have resolutely refused to soften it. Saturday mornings are still spent huddled over my computer screen, “watching” the text updates from the soccer games back in England. Any number of TFs and Crimson proofers still chastise me for using the word “whilst.” I can’t quite bring myself to give up taking notes in fountain pen and I am still tempted to stop and explain the fundamental...
Sheffield has an athletic versatility that has served him beyond baseball. Growing up in Woodland Hills, Calif., he was captain of Viewpoint High’s soccer team in addition to being a two-time captain of the baseball team. A few seniors on the Harvard team have taken to calling him “Country Club,” a play on his affinity for and skill at golf and racquet sports. Walsh attributes the sobriquet to Chaney’s overall athleticism, but Sheffield has another explanation...
...career in 1956 by borrowing DM 25,000 from his wife's family to buy the rights to Federico Fellini's La Strada. By the end, Kirch had amassed a film library of 15,000 titles, the largest outside Hollywood. He also owned the broadcast rights to World Cup soccer and a majority of the company that controls Formula One. KirchMedia held a controlling stake in ProSiebenSat.1 Media, one of Germany's two commercial television networks...
Kirch's downfall was largely the result of a calamitous investment in pay television, betting that German consumers would shell out to have a choice of first-run movies and prime-time soccer available through a digital set-top service called Premiere. But the profusion of private and public broadcasting available in Germany made the service a hard sell. Kirch managed to sign up 2.4 million subscribers; the breakeven point was 4 million. The company was losing more than $2 million a day, and he borrowed heavily to keep it running. Kirch also offered investors a "put option" - a promise...
...immediate concern of many ordinary Germans was what effect the Kirch bankruptcy would have on Germany's soccer league. This season's remaining payment of $87 million appeared safe, but Kirch holds broadcast rights until 2004, for which it must pay a further $783 million. Hartmann, the creditors' spokesman, said a "significant contribution" from sports teams was necessary to rescue the company, meaning they could expect substantially reduced payments in the future. Small soccer clubs immediately stopped contract negotiations with players for next season since a reduction in salaries now seems unavoidable. Until Kirch emerges from insolvency in the next...