first_imgFurther, Vidal also wanted to explain what a third extension will be like dedicated to current shareholders and others who want to do for the first time: “There are 35 million to guarantee the participation of sportsmen. From March 21 to April 24 will be a proportional preferential subscription for current shareholders. From April 25 to May 9 , subscription for shareholders that have subscribed shares in the first phase, with no purchase limit. And the third one, open to all up to a maximum of 4,500 shares. “The objective is to ascend as soon as possibleFernando Vidal knows that This agreement involves an oxygen ball, but it is also clear that sports goals do not change: “Can anyone think that with this debt you can subsist in Second? You could compete, but with whom? Urgency to ascend there will always be, although the debt was zero. By history the natural place of Depor is First. Nothing guarantees your promotion, but this gives you arguments that if you don’t have them, it’s complicated. It is not the same to compete with 3-4 million salary cap, than with 12-14 “. Fernando Vidal appeared this morning before the media to explain what will be one of the most important changes in the recent history of Deportivo. The president and his Council hope to approve a capital increase by Abanca that will guarantee future viability, but at the same time will change the ownership of the club, which will belong to the bank: “You have to pay 90.8 million euros in 12 years. That is the economic reality. We arrived in December and faced the problem in the face. It is the only real solution. Good in the short term and, above all, with long-term guarantees, avoiding disappearance. “The president thanked the willingness of Abanca, which will control a large majority of the share capital. In this sense, cannot guarantee that the bank’s intention is to sell the Depor: “No one can assure what anyone does with their actions. I can’t ask Abanca for anything, you have to ask them. “last_img read more

first_img in Daily Dose, Data, Headlines, News Share November 29, 2016 759 Views Case-Shiller Home Price Index Home Price Recovery Home Prices 2016-11-29 Seth Welborncenter_img Home Prices Cross a ‘Largely Symbolic’ Threshold The September numbers from the S&P CoreLogic Case-Shiller Indices look impressive on the surface, surpassing peak 2006 numbers. But U.S. home prices remain still about 20 percent below that pre-recession peak, if you factor in inflation.Ralph McLaughlin, chief economist at Trulia, in fact, said that “crossing this threshold is largely symbolic.”Still, the numbers from September are up, and for the 53rd straight month. According to the index, home prices climbed 5.5 percent compared to a year ago, and 5.1 percent from August. Seattle and Portland led the way, each gaining 11 percent year-over-year. Twelve cities reported greater price increases in the year ending in September versus the year ending in August.The new peak, said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones, “will be seen as marking a shift from the housing recovery to the hoped-for start of a new advance.”Miami, Tampa, Phoenix, and Las Vegas, which experienced the biggest booms, remain well below their all-time highs, Blitzer said.“Other housing indicators are also giving positive signals,” he said. “Sales of existing and new homes are rising and housing starts at an annual rate of 1.3 million units are at a post-recession peak.”For McLaughlin, the index numbers are more ambiguous.“Home prices reaching their nominal pre-recession peaks brings mixed news for the housing market,” McLaughlin said. “It’s good news for homeowners who are no longer underwater, but not so great news for homebuyers who have seen prices outpace incomes for most of the housing market recovery.”McLaughlin called the housing recovery “uneven,” pointing out that markets that reached their pre-recession peaks are almost all in the South or West.”And within those markets,” he said, “it’s mostly high-end homes that have surpassed the peak.”According to the index, while most markets between Dallas and Seattle climbed 8 percent or higher since last year, markets between Cleveland and Boston climbed an average of about 4 percent. New York, though up since last year, showed the lowest annual price gains at just under 2 percent.Click here to view the complete Case-Shiller Home Price Indices for September.last_img read more