REIQ boss says RBA’s Brisbane unit market concerns “overly cautious”

first_imgThe RBA’s assistant governor says it’s “crunch time” for Brisbane’s unit market. Picture: Richard Walker.THE boss of Queensland’s peak real estate body says the Reserve Bank’s warning that Brisbane’s apartment market is at risk of crashing this year is “overly cautious”.RBA assistant governor Luci Ellis says it’s “crunch time” for the Brisbane property market, pointing to the high geographic clustering of the new apartments set to hit the market this year. REIQ chief executive Antonia Mercorella. Photo: Claudia Baxter.In a recent analysis of Brisbane’s new residential apartment market, financial advisory firm Ferrier Hodgson agreed with this view.Ferrier Hodgson property director Campbell Gordon said in the report that it was expected sale prices for new apartments would decline, as would sales volumes for off-the-plan apartments, with settlement risk being a significant concern. RBA assistant governor Luci Ellis. Picture: John Feder.Speaking at an Australian Business Economists lunch in Sydney yesterday, Dr Ellis said the apartments most vulnerable to price falls weren’t new homes but second-hand units around five years old, according to The Australian.Dr Ellis said tenants were more likely to upgrade from older apartments to new units while rents were low, which may result in some people making losses on second-hand apartments. Buyers bid millions for unseen property Home sells for first time in 80 years Apartment living doesn’t get much sexier than this High rise apartments in Brisbane’s West End. Picture: Mark Calleja.“Owners of older stock will come under increasing pressure on the back of ample choice for renters, who are now in the box seat when it comes to selecting a rental property and negotiating terms,” he said.“While inner city areas such as Newstead and Fortitude Valley, West End and South Brisbane will face these pressures, we have heightened concerns for developers and financiers with exposure to middle ring suburban areas such as Albion, Nundah, Cannon Hill and Chermside where significant apartment projects are completing now and throughout the rest of 2017.” GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE RBA governor Philip Lowe is expected to provide further details on the housing market in a speech in Perth today. The RBA’s assistant governor says it’s “crunch time” for Brisbane’s unit market. Picture: Richard Walker.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoBut Real Estate Institute of Queensland chief executive Antonia Mercorella said the RBA’s concerns were “overly cautious”.Ms Mercorella that while supply into Brisbane had been strong over the past five or so years, she believed growing migration into the southeast corner, improving job figures and steady economic performance would drive continued demand for inner city accommodation. “We agree there is likely to be a softening of prices over the next 18 months, however, we believe this is short term,” she said.“We know that the number of projects coming out of the ground has slowed dramatically, as the market self-corrects, and we expect that any short-term oversupply will be absorbed relatively quickly over the next two to five years, provided all economic fundamentals remain intact.” last_img read more

New home to replace old Gold Coast beach house after selling at auction

first_img3 Petrel Ave, Mermaid Beach.More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“They’re planning on knocking the house down and building a family home,” he said.Mr Donovan, who marketed the property with colleague Brett Russo, said house hunters were keen to get their hands on any property in the area, even if it meant rebuilding.Its proximity to the beach, parks and the suburb’s popular dining precinct made it particularly appealing. COAST HOMEOWNERS TURN TO RENOVATIONS “That pocket of Nobby’s (Beach) is very sought after,” he said.Mr Donovan said the 405sq m property attracted up to 60 people throughout the four week period it was on the market before going to auction. KOKO TO START RISING AT BROADBEACH 3 Petrel Ave, Mermaid Beach.AN old beach house will join the long list of Mermaid Beach properties that are knocked down to make way for modern homes after selling at auction on the weekend.The 1960s-built three-bedroom house at 3 Petrel Ave sold under the hammer for $1.27 million on Saturday.Ray White Broadbeach – Mermaid Waters agent Dan Donovan said the buyers had big plans for the block. 3 Petrel Ave, Mermaid Beach. 3 Petrel Ave, Mermaid Beach. 3 Petrel Ave, Mermaid Beach.“We had nine registered bidders on the day, there was strong interest from locals and interstate enquiries as well,” he said.“There were about 40 or so people there.”He said the sellers were “stoked” with the outcome.According the property records, the house last sold in 2015 for $1.225 million.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59last_img read more

Gold Coast home makes the most of its water views

first_img33 Prosperity Drive, Helensvale.LOOKING for a home with water views?It doesn’t get much better than those expanding before this Helensvale residence.The 1399sq m fan-shaped block has 68m of waterfrontage, offering a stunning outlook from most of the rooms in the house.Owners Dorothy and Dennis Spriggs built the five-bedroom property, where they have lived for about 10 years.Their son, David, said it was designed to make the most of its unusual shaped block.“It’s right on the corner … so they loved the outlook,” he said. 33 Prosperity Drive, Helensvale. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 33 Prosperity Drive, Helensvale.An open kitchen, living and dining area is at the centre of the home.It flows through sliding glass doors onto a covered wraparound patio and deck where the water views stretch in every direction.The master bedroom with walk-in wardrobe and ensuite, office that can double as a fifth bedrooms, media lounge, bathroom and laundry are all on the ground floor.Upstairs, there are three additional bedrooms with a shared bathroom as well as a living area and study.center_img It also has a four-person lift.Mr Spriggs said his parents loved living in the Oyster Estate, which had patrolled security.“They feel very secure there,” he said. While the property had been a peaceful retreat for the couple, Mr Spriggs said they were selling it to downsize. 33 Prosperity Drive, Helensvale.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agolast_img read more

Indonesia haze: Why do forests keep burning?

first_imgALMOST every year, a smoky hazeblankets the South East Asian region – signaling the return of forest fires inIndonesia. What makes it so dangerous? For many in this region, grey skies and a lingering acrid smellare not unfamiliar, but 2019 has already brought with it some of the worst hazelevels in years. On Sept. 14, Pollutants Standards Index levels in Singapore wentbeyond the 100 mark for the first time in three years, though it’s yet to reachthe hazardous levels of 2015. What’s causing the haze? What is being done to stop it? The forest fireshave destroyed much of the natural habitat of Indonesia’s orangutans andreleased large amounts of carbon into the atmosphere. Anything between301 to 500 is considered hazardous. Besides irritating the respiratory tract and the eyes, pollutantsin the haze can cause serious long-term damage to health. The haze usually measures hundreds of kilometers across. It hasspread to Malaysia, Singapore, the south of Thailand and the Philippines,causing a significant deterioration in air quality. The problem has accelerated in recent years as more land has beencleared for expanding plantations for the lucrative palm oil trade. PM2.5 is considered the most dangerous as it can enter deeper intothe lungs. It has been associated with causing respiratory illnesses and lungdamage. In September 2015, Mr. Widodo said his country needed at least three years to tackle the haze as itwas “not a problem you can solve quickly.” But what causes these fires – and why do Indonesia’s forests burneach year? Why is it an issue? Almost four years later, the forests in Indonesia continue toburn. (BBC) Kalimantan ishome to many of the region’s orangutans. The Bornean orangutan, which is nativeto the island of Borneo, is critically endangered, according to theInternational Union for Conservation of Nature. On both indices, a reading above 100 is classified as unhealthyand anything above 300 is hazardous. But it’s inIndonesia where the impact is most felt. The country has for years promised to step up enforcement. UnderPresident Joko Widodo, it has named 10 corporations as suspects this year, andsaid it is investigating more than 100 individuals. According to Indonesia’s national disaster agency, there were328,724 hectares of land burnt this year from January to August alone. For many, it’s areminder of 2015, the country’s last major haze crisis. In 2015, the PSI level in Singapore was at 341 – schools wereforced to close and several fast-food chains suspended their delivery services. The indices used to measure air quality in the region usuallymeasure particulate matter (PM10), fine particulate matter (PM2.5), sulphurdioxide, carbon monoxide, nitrogen dioxide and ozone. What impact has it had on nature? Indonesia has been dumping millions of liters of water in affectedareas and has sent in the army to help fire fighters. They often spin out of control and spread into protected forestedareas. Many parts of Indonesia are burning. Many farmers take advantage of the conditions to clear vegetationfor palm oil, pulp and paper plantations using the slash-and-burn method. In Palangkaraya,the capital of central Kalimantan, the Air Quality Index reached 2000 on Sundaylast week, according to Greenpeace Indonesia. The burning usually peaks from July to October during Indonesia’sdry season. In Malaysia, hundreds of schools have been forced to close afterthe haze reached “very unhealthy levels” of 208 on the Air Pollutants Index inseveral districts. The 2015 crisiscost the country 16 billion dollars and caused more than 500,000 people tosuffer from respiratory ailments – a state of emergency was declared. The burnt land also becomes drier, which makes it more likely tocatch fire the next time there are slash-and-burn clearings. Among the most affected regions were Central, West and SouthKalimantan, Riau, Jambi and South Sumatra.last_img read more

Arsenal boss cautions ahead fans return to Stadium

first_img FacebookTwitterWhatsAppEmail分享 “We are all desperate to have our people back in the stadiums and make football what it is again. “But obviously we have to create a safe environment for people to join and my opinion is that it would be gradual. The sooner the better, but let’s be careful.” Arteta it will be recalled was among the first of EPL stakeholders to test positive to the coronavirus that is still holding the entire world to the jugular four months down the line. Many are baffled that the world in spite of the much talked about super power and scientific advancement is still in limbo over how best to tackle the pandemic. Read Also‘No magic’ recovery for Arsenal without spending, warns Arteta The virus which has its origin in Wuhan China has not only removed most of the fun associated with sports and entertainment, but has also crippled economies throwing many out of job and depriving others of their source of livelihood. Promoted Content5 Of The World’s Most Unique Theme ParksWhich Country Is The Most Romantic In The World?14 Hilarious Comics Made By Women You Need To Follow Right Now7 Universities Where Getting An Education Costs A Hefty PennyWho’s The Best Car Manufacturer Of All Time?Who Is The Most Powerful Woman On Earth?Portuguese Street Artist Creates Hyper-Realistic 3D Graffiti7 Universities In The World Where Education Costs Too MuchLil Nas X Is About To Beat A World Record!Couples Who Celebrated Their Union In A Unique, Unforgettable WayThe Very Last Bitcoin Will Be Mined Around 2140. Read More8 Things You Didn’t Know About Coffee Arsenal head coach Mikel Arteta has welcomed the decision to re-open stadiums in October but has urged for caution and safety in doing so. The government has paved the way for fans to return to stadiums from October after Prime Minister Boris Johnson outlined the next steps to ease coronavirus restrictions. The Prime Minister said trials would begin to see larger gatherings occur in places like sports stadiums as well as announcing most remaining leisure centres would be allowed to reopen on August 1. Mass gatherings at sports grounds have been banned since March as part of social distancing measures brought in to combat the pandemic Arteta, whose Arsenal side face Manchester City in an FA Cup semi-final on Saturday, welcomed the announcement but said it was important to be cautious “Obviously things are evolving differently in different countries,” Arteta said. “I think we have to be patient.Advertisement Loading… last_img read more

Glo Sends Second Group of Go Russia Winners to Russia

first_imgNational operator, Globacom, last Saturday evening sent off the second group of winners in its ongoing consumer loyalty promotion, Go Russia, to the eastern European country.The lucky subscribers departed for Russia via Emirates Airline at the Murtala Mohammed International Airport, Ikeja, Lagos. This brings to 13 the total number of Glo subscribers who have so far benefitted from the promotion. Seven winners who emerged in the first draw had earlier traveled to Russia after a reception held for them by Globacom.The six winners in the second group include Osagie Edwin Isibor from Benin City, Mayowa Ibe Akinbode from Ijaiye in Abeokuta, Muyideen Olayiwola Disu from Isale Eko, Lagos, Maxwell Igwegbe from Lugbe in Abuja, Popoola Abdulrafia Olaide from Ijebu Igbo and Ebube Benson Uzoma from Imo State. With 13 winners having gone on the all-expenses paid trip thus far, 9 more subscribers will still benefit as a total number 22 winners are to emerge in the promotion.Just before the second group left for the airport on Saturday evening, Globacom hosted them at its headquarters in Victoria Island, Lagos, where it charged them to represent the country well in Russia. However, one of the winners, Osagie Edwin Isibor from Benin City, had his travel documents waiting for him, but could not make the trip owing to poor healthThe grandmasters of data urged its subscribers and those not yet on its network to seize the opportunity of the promotion to get a chance to enjoy an all-expenses-paid trip to Russia which is currently hosting the world. It added that “more winners will be unveiled from the next set of draws to be conducted soon in the GO RUSSIA promo which was unveiled to reward our amazing subscribers who have stood solidly behind the brand over the years”.On their part, the excited subscribers were full of praise for Globacom for fulfilling its pledge to take them to Russia. One of them, a 200-level Public Administration student of the University of Nigeria, Nsukka, Miss Uzoma Ebube Benson said, “Globacom has shown over the years that it is a company that truly believes in Nigeria and Nigerians with the way it gives back to the country”.Another winner, 32-year-old Akinbode Mayowa, a fashion designer said, “The trip is very unique because this is the first time I will be making a foreign trip and it is absolutely free of charge in every respect”.Similarly, Disu Muyideen Olayiwola from Lagos confessed that he initially doubted the genuineness of the promo “but it is a reality today, and I cannot but be grateful to Globacom for this golden and once-in-a-lifetime opportunity”.The promo which started on Wednesday, May 16, 2018 is open to all new and existing Glo subscribers on both the prepaid and postpaid platforms. Those who want to take part in it should send GO to 240 on the Glo network between now and when the promo will end.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Trojans come back in Colorado to win fourth straight game

first_imgCourtesy of Sports InformationThe Trojans (7-3, 5-2) overcame a 17-6 halftime deficit to defeat the Colorado Buffaloes 27-24. Redshirt senior quarterback Cody Kessler went 17-27 with 204 yards and three touchdowns, while Justin Davis chipped in 85 yards on 14 rushes, as the Trojans rallied for the second consecutive week.USC looked impressive on its opening drive, marching down the field behind some big runs by Davis. The Trojans had the ball inside the five with first and goal, but were stuffed by the Colorado defense. Alex Wood converted the field goal to give the Trojans an early 3-0 lead.Colorado responded with a touchdown of their own two drives later and then capitalized off of Kessler’s sixth pick of the season with another touchdown. The Buffs would tack on a field goal to extend their lead to 17-3.The Trojans had no answer for the Buffs’ passing game as Sefo Liufau and Cade Apsay shredded the Trojan secondary. Apsay stepped in after Liufau went down with an injury late in the first half.The Trojans answered with a 10 play, three-minute drive that resulted in a field goal to end the half down 17-6. The Trojans managed just 165 yards of total offense in the first half with aerial threat JuJu Smith-Schuster being limited to just one catch for 19 yards.The Trojans came alive after the intermission, scoring 21 unanswered points.After holding off the Buffs on their first drive of the half, the Trojans marched down the field, behind the stellar work of both Davis and Ronald Jones II, for their first touchdown of the game.The Buffs’ very next play resulted in a fumble, forced by Delvon Smith and recovered by Antwaun Woods. The Trojans drove the ball down the field but Kessler was sacked on third and goal. Fortunately, the Trojans were bailed out by an offside call. Kessler took advantage, finding De’Quan Hampton for a four-yard touchdown.Colorado drove down the field following two straight Trojan scores. The Trojan defense came up huge and held the Buffs to a field goal attempt. Sophomore do-it-all Adoree’ Jackson came up with a major block on the field goal try and returned the ball into Buffalo territory.The Trojans struck immediately after the blocked field goal as Kessler found a streaking Smith-Schuster for his third touchdown pass of the night to put USC up 27-17.The Buffs wouldn’t go down without a fight, however. After a big punt return and late hit penalty against the Trojans, Apsay found George Frazier for a one-yard touchdown to bring the Buffs within a field goal, 27-24.Colorado got the ball back again with 4:33 left in the game, but the Trojan defense held on. After giving up a first down via a pass interference call, the Trojan defense held the Buffs on fourth and five to take over the ball with under two minutes left.Apsay finished 18-23 for 128 yards and two touchdowns. Donovan Lee led the Buffs in rushing with 32 yards on seven carries.The Trojans had six sacks, their second consecutive game with six. Under Helton’s tenure, the Trojans have 19 sacks, compared to just 10 under Sarkisian.The win is the Trojans fourth in a row. Next up is a visit to Eugene to face the Oregon Ducks.last_img read more

Missed offensive opportunities cost Syracuse in 3-1 loss to No. 7 Robert Morris

first_imgSenior forward Heather Schwarz held the puck at the bottom of the faceoff circle to RMU goaltender Jessica Dodds’ right. Her fellow senior forward and captain Jessica Sibley stood all alone on Dodds left. Schwarz fed Sibley with a clean saucer pass over a sprawled out Colonial defender but Sibley took one second too long to gather and shoot, and Dodds pushed over and kicked Sibley’s try away.The puck made its way to the stick of Robert Morris’ Maeve Garvey, who skated calmly out of the defensive zone and dumped the puck into Syracuse’s empty net.With 90 seconds left, Syracuse had a chance to be tied for first place in the conference with Robert Morris. If Sibley’s shot went in, the game would have been tied with the possibility of overtime. But the opportunity slipped right through.“Sibley was all alone on the backdoor,” SU head coach Paul Flanagan said, “and the next thing you know it’s in the back of our net and it’s 3-1.”As the puck crossed the goal line for the final time Friday night, Sibley skated along the boards and bashed her stick into wall. It was just another in a long line of missed opportunities for the Orange.AdvertisementThis is placeholder textWhile Syracuse (9-11-5, 8-3-2 College Hockey America) failed repeatedly to bury the puck in the net, No. 7 Robert Morris (17-2-6, 10-1-2) cashed in on several mistakes by the Orange leading to a 3-1 Colonials win on Friday night. The night was particularly difficult for Sibley and junior forward Stephanie Grossi, who had multiple “grade A” scoring bids throughout the course of 60 minutes.“Like coach Paul (Flanagan) said,” Grossi said, “we all gotta go home and think about what we did wrong today and how can come back.”One of the best chances of the game came when Grossi was in on the forecheck with about 13 minutes remaining in the first period. The puck got caught up in Grossi’s skates mere feet from the RMU net. All alone with the puck, Grossi was able to gather, take aim, and fire.She missed. High and to Dodds’ left.Grossi missed out again in the second period. As she skated in from the left faceoff circle, she fired it low and Dodds easily kicked it away, but right back to the SU junior. While Dodds was out of position, Grossi moved the puck to her backhand and took three quick strides across the crease before flipping a backhand shot into a wide open net.Dodds was able to recover just in time to send it right over the crossbar with the paddle of her stick. As the puck sailed into the glass Grossi tilted her head back in exasperation and the Syracuse bench — sure of the impending goal and on their feet to celebrate — slowly sank back to its seats.“The one open net on the power play is definitely haunting me a little.” Grossi said. “Would’ve liked to put that one in.”Sibley, the team leader in assists, struggled to find the net on a couple of fine chances. With 12:22 left in the second period, the captain found herself on a partial breakaway. But the pass was getting away from her and as she attempted to corral the wayward puck, she stepped on it.With the chance now wasted, the Colonials pounced. Two quick passes and suddenly junior defender Megan Quinn was left to defend a two-on-one chance. Garvey flew towards goalie Abbey Miller with the puck, and Quinn opted to lay out and defend the pass.The second Garvey recognized Quinn was going down, she shot. A dart high and to Miller’s glove side beat the junior and gave Robert Morris the lead. RMU’s second goal was an almost carbon copy of the first, except this time it was Jessica Gazzola burning senior defender Larissa Martyniuk and Miller. Only 1:53 separated the goals.“Getting the puck deep,” Quinn said, “that’s our main concern. There’s a couple times where we had the chance to get the puck deep and we kind of messed around with it on the blue line. Caused us some issues.”Syracuse outperformed Robert Morris in most statistical categories including shots (28-23) and faceoff wins (26-22). But, it seemed for every open net or turnover SU failed to capitalize on, RMU went for the finish move, and got it.“Sometimes you’re the bug, sometimes you’re the windshield.” Flanagan said. Comments Published on January 27, 2017 at 11:13 pm Contact Andrew: aegraham@syr.edu | @A_E_Graham Facebook Twitter Google+last_img read more

Ireland to name team before kick off

first_imgIt’s expected that Cyrus Christie , Richard Keogh and Robbie Brady will be part of the back four in the absence of Coleman, Clarke and Wilson.Gurtnahoes Shane Long could possibly get the nod up front.Ireland can still confirm a play-off spot regardless of their result if Scotland lose to Poland in Glasgow. Here’s the view of former Ireland winger Ray Houghton.Northern Ireland will qualify if they beat Greece at Windsor Park.Kick off in all of those games is at 7.45last_img

Leicester City names Yabo Sports as new official partner

first_img FansUnite reaches partnership deal with Leicester City August 24, 2018 StumbleUpon Share Submit Share 19.com nets Leicester City betting partnership August 12, 2019 Related Articles InsiderSport: On The Ball – Sterling, MLS and UEFA August 16, 2019 Leicester City Football Club has confirmed that it has signed a new sponsorship agreement with Yabo Sports, who are set to become the new official club partner.Under the terms of the new agreement, the club will display Yabo Sports’ branding on the Club’s matchday LED advertising boards and interview backdrops which is hoped to help the operator bolster its global exposure and effectively reach out to its target demographic.Dean Hawkes, CEO of Yabo Sports, said: “We are extremely proud to partner with Leicester City, a club who have an exciting style of football and proud history which has given them a strong and loyal global fanbase.“The Premier League is the most popular and watched football league in the world and a league that enjoys an ever-growing global reach. We see this partnership with the Club forming a key part of our expanding sponsorship portfolio as we continue to grow our brand profile in key regional territories.”Harj Hir, Head of Partnerships at Leicester City, said: “The moment we met Yabo Sports we were impressed by their enthusiasm and keenness to work with the Football Club.“They have partnered with some of the major football clubs in Europe and sporting events across the world, which demonstrates their strong profile within a competitive industry.”The operator, founded in 2015, offers a platform for both sport data and entertainment and hopes that the new partnership with Leicester City will deliver new content and ‘diversified pan-entertainment projects’ for its growing user base.last_img read more