3 Major Programs Investigating Possible NCAA Violations

first_imgHead coach Jim Harbaugh leads the team onto the field.ANN ARBOR, MI – OCTOBER 22: Head coach Jim Harbaugh leads the team onto the field while playing the Illinois Fighting Illini on October 22, 2016 at Michigan Stadium in Ann Arbor, Michigan. Michigan won the game 41-8. (Photo by Gregory Shamus/Getty Images)Three major college athletics programs are currently investigating possible NCAA violations by its players in the wake of what happened with North Carolina’s football program and the selling of team-issued shoes.ESPN is reporting that Michigan, Cal and Marquette are all looking into possible NCAA violations by its players, as shoes from those three schools might have been sold to the same retailer that had shoes from North Carolina players.From ESPN.com:North Carolina, which self-reported that 13 football players committed secondary NCAA violations by reselling shoes given to them as part of the school’s apparel deal, has contacted at least three other schools which it learned might have had players sell shoes to the same retailer.A source told ESPN that the retailer told UNC it had bought shoes from other schools, including Michigan, Marquette and California. Officials from all three schools acknowledged, through athletic department spokesmen, that they were contacted by North Carolina and are in the process of investigating the claims.Michigan reporter Nick Baumgardner confirmed that Michigan is looking into it.“We are aware of the report at North Carolina. Our compliance office is looking into this matter and will determine if anything needs to be reported to the NCAA,” a Michigan spokesman said.Can confirm Michigan compliance is investigating whether or not any student-athletes violated rules by re-selling school-issued shoes after a retailer told North Carolina it bought Michigan-issued shoes.— Nick Baumgardner (@nickbaumgardner) August 11, 2018From Michigan spokesman Dave Ablauf tonight:“We are aware of the report at North Carolina. Our compliance office is looking into this matter and will determine if anything needs to be reported to the NCAA.”— Nick Baumgardner (@nickbaumgardner) August 11, 2018A Michigan spokesman also says that while Michigan shoes might be in the marketplace, it doesn’t necessarily mean they were sold by student-athletes. The student-athletes are not the only people who can receive the custom shoes.From ESPN.com:Michigan football spokesman Dave Ablauf said the number of sales tracked by StockX doesn’t mean Wolverines players sold the shoes. Ablauf said executives and celebrities receive the special shoes, as do Nike’s Michigan endorsers in the pros. The school itself also might have donated, at times, some pairs to charity.Stay tuned.last_img read more

Gazprom, Yamal Sign Deal to Sell LNG in Asia

first_imgzoom Gazprom Marketing & Trading Singapore, a wholly-owned trading subsidiary of Russia’s Gazprom Group, and Yamal Trade, a wholly-owned trading subsidiary of Russian gas producer Yamal LNG, have signed a long-term contract for liquefied natural gas (LNG) from the Yamal LNG project to be sold in Asia.The contract that will be effective for over 20 years provides for the annual supply of 2.9 million tons of LNG that will be delivered to the Asia-Pacific markets, mostly to India. The contract price will be determined using the formula with oil indexation.Back in May 2014, the companies signed the Heads of Agreement during the St. Petersburg International Economic Forum, which stated that LNG will be supplied under FOB (free on board) terms in a transfer point of Western Europe to be further delivered to Asia-Pacific markets.The Yamal LNG project envisages the construction of an LNG plant with an annual capacity of 16.5 million tons, with natural gas to be delivered from the Yuzhno-Tambeyskoye field.The field’s proven and probable gas reserves amount to 927 billion cubic meters. LNG production will start in the end of 2017. The project operator is Yamal LNG, with NOVATEK holding 60 per cent, Total – 20 per cent, and CNPC – 20 per cent in the company.last_img read more