Arsenal chief Vinai Venkatesham reveals the truth over Unai Emery’s transfer budget

first_img Metro Sport ReporterSaturday 27 Jul 2019 7:41 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.1kShares Advertisement Advertisement Comment Unai Emery’s budget is not restricted to £40m (Picture: Getty Images)Unai Emery’s summer transfer budget is not restricted to just £40million, according the Arsenal’s managing director Vinai Venkatesham.It’s been a relatively slow summer for the Gunners, with Real Madrid loanee Dani Ceballos, 18-year-old Brazilian Gabriel Martinelli and William Saliba – who is being loaned straight back to Saint-Etienne – the only arrivals at the Emirates, and not many more expected through the door.The transfer budget was thought to be limited after Emery’s failure to guide the Gunners back to the promised land of the Champions League, with a figure of £40m bandied around.However, Venkatesham insists that is not the case and that transfer chief Raul Sanllehi has not been set fixed parameters in terms of a summer budget.AdvertisementAdvertisementADVERTISEMENT‘I don’t recognise this £40m figure, I have read it a lot, Venkatesham said. ‘That doesn’t come from us, that doesn’t come from the club. Arsenal chief Vinai Venkatesham reveals the truth over Unai Emery’s transfer budget Vinai Venkatesham discussed Arsenal’s summer budget (Picture: Getty Images)‘The numbers never come from us. We never ever, ever, ever talk about how much money we have to spend because that’s the least helpful thing you can do.‘Raul’s job is hard enough, if you go into a negotiation and everyone knows how much money you’ve got, it doesn’t really help.‘It is true that our funds are more limited after three years in the Europa League, but the budget isn’t £40m. We have the budget to make a difference, but as Raul says, this is a particularly tough window and we’re in the middle of it. I sense and understand the frustration, but there is a huge amount of misinformation out there in the market.‘I read and am sent articles about players we’re supposed to have missed out on and they’re players we’ve never even talked about. I get why sometimes it’s hard for fans to understand what we’re doing, but I’d say that’s because about 85% of what you read just isn’t true.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenallast_img read more

Wolf Administration Assists Confectionery Manufacturer Expansion to Lehigh Valley, Supporting 134 New Jobs

first_img Jobs That Pay,  Press Release,  Workforce Development Harrisburg, PA – Today, Governor Tom Wolf announced that Stuffed Puffs, a food processer, will grow its manufacturing operations with its expansion to a 150,000-square-foot building in Hanover Township, Northampton County. The project will support the creation of 134 new, full-time jobs in the commonwealth.“Food processing is one of Pennsylvania’s most robust and vibrant industries, supporting thousands of jobs and generating more than $5 billion in sales annually,” said Gov. Wolf. “It is only fitting that a new, innovative food company would make the commonwealth its new home, and we are proud to make the investment that will turn that plan into reality.”The company will be located at the former Guardian Life property owned by JG Petrucci to manufacture chocolate stuffed marshmallows and plans to make significant improvements to the property. Stuffed Puffs will begin manufacturing operations in May 2020 and has committed to investing $31.5 million in capital funding toward the project and creating 134 jobs within three years.“The idea was born around a campfire,” said Michael Tierney, founder of Stuffed Puffs, who graduated from the Culinary Institute of America in Hyde Park, NY in 2010. “It’s a simple idea, but very hard to execute, which is why it hasn’t been done before. I spent seven years figuring out a truly innovative system that breaks the rules of traditional candy making – our new plant will help this amazing product continue to grow and support our company and community.”Stuffed Puffs received a funding proposal from the Department of Community and Economic Development for a $670,000 Pennsylvania First grant, $268,000 in Job Creation Tax Credits, and $140,400 in grants for workforce training and development. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania.“The decision of Stuffed Puffs to expand its production operations to the Lehigh Valley is an example of the region becoming a national leader in food and beverage innovation and production,” said Don Cunningham, President & CEO of the Lehigh Valley Economic Development Corporation (LVEDC). “Since coming to Factory to accelerate its growth, Stuffed Puffs has realized the advantages of making its product in the Lehigh Valley and Pennsylvania with the available talent, educational institutions, and access to market. The combined efforts of the state, Northampton County and the City of Bethlehem, and the benefit of Factory LLC being here, is a best practice example of how to grow U.S. manufacturing.”Stuffed Puffs is a confectionery manufacturer that uses a custom designed and highly secretive manufacturing process to make a chocolate-filled marshmallow. The company also has the ability to make multiple shapes and flavors of marshmallows with various fillings. Stuffed Puffs initially launched its product exclusively at Walmart stores and will be expanding to other retailers in 2020.“Stuffed Puffs is the easy new way to make a good old-fashioned American favorite S’mores, even better and it’s delicious also to eat right out of the bag,” said Richard Thompson, Managing Partner at Factory LLC the parent company of Stuffed Puffs. “At Factory LLC we seek innovation and we know Stuffed Puffs is a big winner and the new plant will support our continued growth, because we can’t make it fast enough.”For more information about the Governor’s Action Team or DCED, visit November 12, 2019 Wolf Administration Assists Confectionery Manufacturer Expansion to Lehigh Valley, Supporting 134 New Jobscenter_img SHARE Email Facebook Twitterlast_img read more

The Block’s $2 million tax break

first_imgThe clear winners in The Block 2017 tax depreciation race will be the buyers of Clint and Hannah Amos’s renovated home.IT looks like there will be a few winners from Channel 9’s 2017 season of The Block, and it won’t just be the show’s producers.Analysis by BMT Tax Depreciation showed investors could be set to claim an average of around $2.1 million in depreciation deductions for each property on the show.According to BMT’s estimates, the new buyer of Hannah and Clint’s property will have the highest amount of depreciation deductions available, with a first-year deduction estimated to be $82,304 and a total average deduction estimated to be $2,175,149.BMT Tax Depreciation CEO, Bradley Beer, said this could give the home an edge among investor buyers.“Hannah and Clint’s property may prove attractive to savvy investors who are looking to capitalise by renting the property and claiming the additional deductions available from depreciation,” Mr Beer said.More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day ago“While a range of factors will come into play which will ultimately decide which property will achieve the highest price from buyers, the additional cash flow depreciation provides astute buyers is important to consider when crunching the numbers to make purchase decisions,” he said.Ronnie and Georgia’s property has the second highest depreciation deductions with a total average deduction of $2,160,913 claimable over the lifetime of the property.BMT Tax Depreciation’s estimates for all five properties are: BMT Tax Depreciation schedule for Block 2017 propertiesAccording to BMT, The Block’s production company paid $10.34 million for the original site and rescued five former derelict homes which were relocated to the land for renovation.BMT said it is expected that each property will fetch in excess of $2.4 million at the scheduled auction.Follow Kieran Clair on Twitter at @kieranclairlast_img read more