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Reduction of salaries to avoid an ERTE in Levante: includes the president, technician and staff

first_imgLevante announced this Sunday that it has reached an agreement with the squad and coach Paco López to lower their wages for the 2019-20 season to twenty percent if the competition is not resumed and one percent in the case of playing the last eleven days of LaLiga open door.The agreement, in addition, also includes the possibility that the reduction will be three percent if the competition resumes behind closed doors, as reported by Levante in a statement, in which he explained that The agreement has been closed with the team captains, Sergio Postigo, Roger Martí, Coke Andújar and José Luis Morales. The Valencian club has explained that the agreement, between which The president, Quico Catalán, is also included, with the aim of “reducing the impact of the current situation on the economy and, more specifically, its consequences in the professional football sector given the uncertainty of the return of the competition.”Levante has also reported that cWith this measure, avoid taking “drastic labor measures for the rest of the club’s workers” and thanked the “collaboration, predisposition, compensation and generosity” of the staff and coach Paco López.The Valencian club, as reflected in the accounts of the General Shareholders’ Meeting of last December 2019, has a staff and coaching staff expense of the first team of 40.2 million euros budgeted for this year.last_img read more

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Another failed witch-hunting expedition

first_imgDear Editor,The freeing of Dr Jennifer Westford and Ms Margaret Cummings is another failure in the latest witch-hunting expedition of this Government, as well as another nail in the Coalition’s coffin. They had instituted trumped-up charges, and were further embarrassed by a no-case conviction statement from a magistrate.I do not know how many more trumped-up charges this Coalition must pursue for them to hear those embarrassing words, “You have no case”; but such is the sorry situation of this bunch we have for a Government, where they would not accept the fact that their incompetence is the real problem, and not the PPP/C, who ran a successful Government, one based on sound economic principles and one that had as its benchmark above board management.So, to earn a conviction of any kind on any one of the PPP/C administrators is a definite no-no. The prudent management of state funds during the PPP/C era dictated that they follow the straight and narrow, so I am convinced that all of these witch-hunts would turn up empty.The Coalition, when in Opposition, represented a conglomeration of parties whose sole aim and purpose was to get the PPP/C out of office. So they embarked on a vicious campaign call of “corruption! The PPP/C is corrupt.” This followed a mass appeal that there would be mass incarceration of “all” PPP/C personnel. So, at the inauguration of that very same coalition, a financial audit was set up to check on the books to unearth all financial improprieties, then round-up all PPP/C so-called fraudsters and put them in jail. To date, that has not taken place, so what we are witnessing here with this last dismissal case is a mad scramble to get a conviction somewhere somehow. Jaipaul Sharma is hard pressed to bring in someone guilty. This is the million-dollar question he is faced with: How can he get a conviction?So, he, in his desperation, is calling for a reinstitution of charges against the two former PPP/C officers. What an oddity!But let me remind Sharma of a few things: it was this very same Junior Finance Minister who, after being paid millions to conduct audits into the former Government’s accounts, said there was no evidence of misconduct or embezzlement of public funds. I am sure folks are familiar with those statements. So how can Sharma now expect Westford and Cummings to be guilty of anything when he was the one in the first place who cleared them of wrongdoing? It just does not make any sense.In the same vein, it does not make any sense to re-institute charges against the two, because the same result would prevail. If anyone should face the heat, it should be Sharma; because to so brazenly drag these two fine ladies to court, and after wasting millions of taxpayers’ money he cannot get a conviction, Sharma is the one who is plain guilty, and should be thrown in jail for peddling lies.But as the situation unfolds, the Government is not giving up. It is prepared to waste taxpayers’ millions in another shot in the air with this political manifesto of massive corruption under the PPP/C Government, without a shred of evidence to support their claim.Finally, Sharma is digging in his heels, seeing time is running out on him and his Government to prove that “corruption” fairytale story true.  Sharma, for his own part, is also at his wits’ end to earn his keep as “a minister” in the Coalition. He must show some degree of “relevance” in that coalition of sorts, but what he has to understand is that a lie is a lie, and no amount of talk can change it. I rest my case.Respectfully,Neil Adamslast_img read more

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Finally, Minister says Hinterland roads to be fixed

first_imgRehabilitation and construction of the Itaballi to Puruni Road should commence within the coming weeks, according to the Public Infrastructure Ministry.A section of the roadway from the Mahdia airstripAccording to the Department of Public Information, responsibility for this specific road falls under the Guyana Geology and Mines Commission (GGMC); however, the Public Infrastructure Ministry says it recognises the urgency for repairs.This is being agreed to by Natural Resources Minister Raphael Trotman, who visited Mahdia, Region Eight (Potaro-Siparuni) on February 7. During the visit, the issue of derelict “roads” was raised by miners and other residents of the Mahdia community.“We are reminded that come hell or high water, night or day, we do have a responsibility to get them (roads) fixed,” declared Minister Trotman.Natural Resources Minister Raphael Trotman walks along a paved section of the Mahdia Main Road during his visit to Region EightHe said the height of the rainy season was usually the worst period for hinterland roads, adding that the Government is working quickly to get them repaired.The Minister said he would expect that the very complainers who also use the roads would assist in ensuring that they were not further damaged.“Trucks are being overloaded with too much fuel and even when the roads start to go bad, instead of easing back on its use, some truck drivers are proceeding without any regard” … “We have a dual responsibility, both the users – the miners, the loggers – as well as the Government, to ensure that the roads are kept open.”According to the Minister, the Government through the Natural Resources Ministry will work along with the Road Services Division of the Public Infrastructure Ministry and the GGMC to get the roads ready in a short time.The Public Infrastructure Ministry via a press release also reiterated its commitment to lending its assistance and working with the GGMC to have the roadways, especially the Itaballi to Puruni Road fixed as a matter of priority.last_img read more

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Capital flight for 2017 estimated at US$53M – analyst

first_img…says int’l reserves could drop to US0M by 2019 if action not takenBy Samuel SukhnandanThe Guyanese economy has been faced with a number of issues over the past two years and the current David Granger-led Administration has been blamed for the economic slowdown in the country, but more than that, the international reserves have declined significantly. The Half-Year Bank of Guyana (BoG) Report clearly supports the position that capital flight is in progress in Guyana.Financial analyst Sasenarine SinghGuyana-born US-based financial analyst Sasenarine Singh believes that this issue calls for the intervention of President David Granger, as he opines that Finance Minister Winston Jordan is incompetent and is lost on the new ideas to turn around this financial meltdown currently happening under his watch.“It is very easy to destroy an economy, but difficult to build one and this is exactly what Jordan is doing by his uninspired management of the finance portfolio. Where are the sound plans to stimulate growth and develop the local economy? If this issue is not attended to soon, it could cause greater economic hardship for all the people of Guyana,” the financial analyst opined.Singh continued, “The situation requires political intervention at the highest level, backed by an advisory presidential economic commission that can charter a new course for the nation. Jordan has had enough time and his performance clearly illustrates that he does not have the ability to solve this economic crisis. Because of his poor leadership, the current financial climate in 2017 in Guyana is now very disconnected from the reality in the world’s economy.”The financial analyst told <<>> on Sunday that new ideas had to be brought to this critical issue and the President needed to know what was going on, and that was why he was recommending such an advisory body. Making reference to the BoG Report, Singh said that using figures coming out of that report and Professor Erbe’s Model, he calculated that capital flight stood at US$26 million for the first six months of 2017. Over the entire year, it will be approximately US$53 million. This, he said, is reminiscent of 1983-1984 under the Forbes Burnham Administration when Guyana was uncreditworthy and could not pay its bills.Singh also reminded that capital flight was the rapid movement of large sums of money out of a country. “Capital flight is not a good indicator to international investors about the investment climate in a country. It also gives you a fairly good indication of the confidence the local Private Sector has in their local economy,” the financial analyst explained, noting that the financial figures would not be encouraging to potential investors, both local and overseas.Further, he expressed worry over the fact that Guyana may find it difficult to get enough foreign inflow to pay its overseas debt between now and 2019, and because of this situation – as a last resort, there is the need to drain the international reserves. The BoG’s current account balance as of June 2017 was negative US$100 million. “This situation means that merchandise trade is not in Guyana’s favour. “Bottom-line, Guyana is not exporting enough to pay for its imports and the situation will get worse by the end of 2017 because of the politically-induced economic meltdown in the sugar industry. The bottom line is the overall balance deteriorated from an inflow of US$12 million for the first six months of 2016 to a massive outflow of $46 million for the first six months of 2017. Heaven help us when the 2017 figures arrive!”International reservesOver the past 12 months, Guyana’s international reserves have been depleted by US$55 million. Singh opined that running down international reserves for one year was not something to be too worried about, but when that becomes a trend, it could have serious implications for the economy.“The problem is that since 2012 this has been the case. Guyana closed its foreign reserves at a healthy balance of US$825 million in 2012, and since then it has been downhill.” If this trend continues, Singh foresees that by 2019 reserves are going to drop to below US$400 million. The last time Guyana had such a balance was in 2008, when the economy was much smaller and easier to support.Singh continued: “If you have a big economy with a small reserve, then you are in a dangerous position and will have an issue in settling your foreign payment which takes you closer to being uncreditworthy. Between 2008 and now, the economy has literally doubled, but the foreign reserves had stagnated. But the principle remains that your foreign reserves should be growing with the economy.”He argued that apologists of the Government might want to say that at least the capital account improved, but when that boost in the capital account is mainly being driven by new borrowed debts, then such a declaration from these so-called apologists has to be classified as nothing but financial nonsense. “You should only be borrowing based on your ability to repay, based on the performance of your productive sector. But in Guyana, under Jordan, we are borrowing more when the productive sectors are overall in regression – even gold today has flattened out.”In the last six months alone, the disbursements of new national debt from the international lenders were US$32 million.Singh said this basically meant that Government was borrowing “on the heads of children of Guyana” to fill the short-term financial need, but that could not be a sustainable financial strategy. Getting adequate economic incentives in place to build the confidence of the Private Sector and to motivate them to invest in the productive sector will permanently change the economic dynamics for the better.He also noted that not only were international investors finding it hard to do business in Guyana, but the local Private Sector has been complaining bitterly about the issues facing the local economy. “Can you imagine over the last 12 months every single day there have been blackouts in Guyana? We need to fix it,” he asserted.Also, the Half-Year 2017 Balance of Payment illustrates that short-term capital outflow for Guyana for the first six months of 2017 stood at US$33 million, which indicates that there has been an increase in commercial banks moving their monies abroad. “When banks start to move their monies overseas, we have a major problem.”last_img read more

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Kings ground the Ducks in OT

first_imgThe Kings played without rookie sensation Anze Kopitar, who suffered an undisclosed upper-body strain in practice this week and is considered questionable for Saturday’s game against Nashville. “The playoffs are out of reach so it’s more about pride,” Kings forward Dustin Brown said. “The worst thing we can do is just roll over and die.” NOTES: London called, and the Kings and Ducks answered. The Southern California rivals will open the 2007-08 season in a newly refurbished arena in downtown London on Sept. 29-30 as the NHL attempts to expand interest in the game beyond the North American shores. News of the games leaked out several weeks ago, but the dates were formally announced before the Kings and Ducks faced off Thursday night at Staples Center. These will be the NHL’s first regular-season games abroad since the San Jose Sharks and Calgary Flames played two games in Tokyo to start the 1998-99 season. – Elliott Teaford 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! “We have a lot of respect for (the Ducks),” Cammalleri said. “We have to play well against them or we’re not going to look good. We have a lot of pride and fans who want to see us develop.” Cammalleri’s goal, 3:17 into overtime with Ducks captain Scott Niedermayer in the penalty box, capped a rally. The Kings rallied from a two-goal deficit, just as they did Saturday against Colorado. LOS ANGELES – The Ducks are in second place in the Western Conference and the Kings are in last place. The gap between them is 31 points, but that’s not discernible when the teams meet on the ice. The crosstown rivals have played seven times this season, and every game has been decided by one goal. The Ducks have prevailed four times to the Kings’ three, but the Kings pulled one out Thursday when Michael Cammalleri’s overtime goal gave them a 4-3 victory before 17,620 at Staples Center. center_img The Ducks, who won their last two games despite blowing a two-goal lead in each, couldn’t pull it out this time. Niedermayer’s interference penalty led to Cammalleri’s 4-on-3 overtime goal. Niedermayer also took an interference penalty on Sunday against Colorado that led to a game-tying goal, but Niedermayer responded with the game-winning goal. There would be no redemption on Thursday. “Everybody has the physical ability here,” Niedermayer said. “It’s our mental focus. Tonight we had it off and on. We didn’t play a consistent game all night.” The team captain echoed his coach, who was disappointed with the Ducks’ effort in a game in which they outshot the Kings 30-21. Kings goalie Sean Burke held up well and Ilya Bryzgalov took the loss, as the Ducks chose to save No. 1 goalie Jean-Sebastien Giguere for tonight’s showdown against San Jose. “We didn’t play with the necessary urgency that the situation asked for,” Ducks coach Randy Carlyle said. “We turned the puck over too many times and it cost us. It’s mental, that’s all it is. Our mental preparation has got to be better.” last_img read more

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Pellegrini says Man City trophy target “not important” to him

first_img1 Manuel Pellegrini with the Premier League trophy Manchester City boss Manuel Pellegrini insists the club’s stated target of winning five trophies in five years is “not important” to him.City chief executive Ferran Soriano underlined the ambition from the hierarchy at the Etihad Stadium in May 2013 when he said about the next five seasons: “On average, I want one trophy or title a year.“That is the Champions League, the Premier League or the FA Cup.”Pellegrini was announced as successor to the sacked Roberto Mancini shortly after and in the campaign that followed, City won the Premier League title and the Capital One Cup.That looks like a decent start in terms of working towards Soriano’s goal, but when asked ahead of Sunday’s Community Shield clash with Arsenal about the chief executive’s comments, Pellegrini said: “I don’t have a target to win five titles.“Every time I play a competition, I want to win it.“But that thing that we have to win five titles in five years – for me it is not important.”However, Pellegrini was keen to emphasise the point that his side will be doing their utmost to claim silverware at every opportunity.“For this year, our target is exactly the same as last year.“We will play in the four competitions we must play in and we will try to continue in all competitions as far as we can. Exactly the same as last year.“We continue trying to win the Premier League, the FA Cup, the Capital One Cup and the Champions League, and we will see during the season what we can do.”Asked if the players he has are capable of winning the Champions League in 2014/15, he said: “I don’t know. It is impossible for me to know the future.“The only target of our squad is the same as last year – to try to win the four competitions that we are going to play.”last_img read more

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DONEGAL TDs BACK THIRD CANDIDATE STRATEGY FOR ELECTION

first_imgThere could be two Dohertys running for Sinn FeinSinn Féin Deputies Pádraig MacLochlainn and Pearse Doherty have welcomed colleague Cllr Gary Doherty’s announcement that he is to seek party approval to contest the forthcoming general election.Speaking following an official statement released on Monday from Cllr Gary Doherty in which the Councillor confirmed his intention to contest party convention for his name to be added to the Sinn Féin ticket, both Deputies MacLochlainn and Doherty said that they would welcome Gary Doherty’s inclusion as Sinn Féin’s third candidate and have stated that they fully support his decision to contest the election.Deputies Doherty and MacLochlainn said in a joint statement: “Following this week’s announcement from our party colleague Cllr Gary Doherty that he is to go before party convention requesting that his name be added to the party ticket for the general election, subject to Ard Chomhairle approval, we are delighted to confirm that it is our intention to support Gary and to pledge our full support for his inclusion to the ballot as Sinn Féin’s third candidate here in the Donegal constituency.” “We both have known and have worked closely alongside Gary for many years and, throughout this time, he has proven himself to be an outstanding and unquestionably capable public representative.“There is no doubt that employing a three candidate strategy in Donegal- something which has yet to be approved by Sinn Féin Ard Chomhairle – will be incredibly challenging to successfully accomplish. However, our members across Donegal are energised and up for the challenge of getting three Sinn Féin TDs elected here in the Donegal constituency.“Therefore, we are proud to pledge our full backing for Gary’s candidacy and – as we eagerly await the decision of our national executive – we want to make it perfectly clear that Gary can depend on our full and unwavering support.”  DONEGAL TDs BACK THIRD CANDIDATE STRATEGY FOR ELECTION was last modified: October 14th, 2015 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalGary DohertySinn FeinTDslast_img read more

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Russia thrash Saudi Arabia 5-0 in opening World Cup match

first_img Denis Cheryshev scored two brilliant goals for Russia Yury Gazinsky heads home the first goal for Russia against Saudi Arabia 4 4 4 Yury Gazinsky celebrates scoring the opener for Russia NEXT GROUP A FIXTURESFriday, June 15: Egypt v Uruguay – Ekaterinburg, 1pm kick-offTuesday, June 19: Russia v Egypt  – St Petersburg – 7pm, kick-offWednesday, June 20: Uruguay v Saudi Arabia  – Rostov-on-Don, 4pm kick-offMonday, June 25: Uruguay v Russia – Samara, 3pm kick-offMonday, June 25: Saudi Arabia v Egypt – Volgograd, 3pm kick-offGROUP A TABLEcenter_img 4 Russia thrashed Saudi Arabia to kick off the 2018 World Cup in fine style.The hosts entered the tournament as the lowest-ranked team of all the 32 nations, having failed to win any of their seven build-up games.But they certainly didn’t appear like a team short on quality or confidence as they started their Group A campaign in blistering fashion with a 5-0 victory. Cheryshev then added his first and Russia’s second two minutes before half-time, showing coolness in the box by lifting the ball over one challenge, stepping inside another and drilling the ball past Abdullah Al-Mayouf.The third goal was another header from a deep cross, finished by Artem Dzyuba in the 71st minute, before Cheryshev popped up with his second moment of class in the first minute of stoppage time – a beautiful, dipping effort with the outside of his left foot from 20 yards out.The impressive Golovin – a reported Arsenal transfer target – added to Saudi Arabia’s misery moments later when he curled in a free-kick with almost the last kick of the game to round off a brilliant victory for Russia.MOMENT OF THE MATCHHaving already netted Russia’s second goal in impressive style, Cheryshev was full of confidence and his second strike to make it 4-0 was the pick of all the goals. Collecting the ball outside the Saudi Arabia box, he took one touch before curling the ball with the outside of his left foot over the Saudi goalkeeper’s head and into the top corner. Pure class. CSKA Moscow playmaker Aleksandr Golovin was outstanding for Russia, while Denis Cheryshev, the Villarreal left-midfielder who was once on Real Madrid’s books, scored two sublime goals.Cheryshev’s display was all the more impressive considering he started the game on the bench, only entering the fray midway through the first-half following an injury to Alan Dzagoev.It is the biggest win by a host nation since Italy beat USA since 7-1 in 1934.Roared on by a raucous crowd at the Luzhniki Stadium – which included president Vladimir Putin – Russia were dominant from the start and took just 12 minutes to open the scoring.Yury Gazinsky was the man to make the breakthrough, heading home Roman Zobnin’s cross having been given far too much space by the Saudi defence. talkSPORT will be with listeners all day and all night at this year’s 2018 FIFA World Cup™ with over 800 hours of World Cup content and all 64 games live across the talkSPORT network.last_img read more

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IT’S CHILD’S PLAY FOR RAPHOE AS RIBBON TO BE CUT ON SUPERB NEW FACILITY

first_imgThe new Raphoe Playground will open later today.After four years of planning and fundraising, Raphoe will finally open its new community playground today.The opening, which takes place at 2pm, will be a hugely proud moment for organisers Jean Laird and the rest of the hardworking committee.The new state-of-the-art playground is located beside the community’s local boxing club after Donegal County Council donated the land. After the land was donated, the hard-working committee set about fundraising for all the playground equipment.Last night former Mayor of Donegal and local councillor Frank McBrearty paid tribute to all those involved in the project.Cllr McBrearty will officially open the new playground later today.He said “I would like to congratulate the hard working committee that have made this project possible and to the community of Raphoe and further afield for their help in supporting all the fund raising events. It was an honour for me to be part of this and its great to see what can be achieved when a community comes together.”  IT’S CHILD’S PLAY FOR RAPHOE AS RIBBON TO BE CUT ON SUPERB NEW FACILITY was last modified: April 19th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalFrank McBreartyplaygroundRaphoelast_img read more

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Rosemead takes high expectations into season debut

first_img “Look, everyone knows we have Sumler, Camarena and Casey; that’s not a secret,” Koffler said. “And we’ve got a competitive group around them that can do great things, but other teams are gunning for us because of those reasons. And if you don’t match that intensity, you’re going to be in trouble.” Last year, the Panthers relied mostly on Sumler to carry the offense. Koffler said fans can expect a more balanced offense this season. “We ran the ball all the time last year, and we were effective. But to take that next step, you have to be balanced, so we’ve improved our passing game,” Koffler said. “We won’t throw every down, but if we can complete eight or nine passes a game along with Sumler’s running, we can keep defenses off-balance. “We have some wrinkles on the offensive side that teams haven’t seen yet, and that’s exciting. We’ve got a bunch of skilled guys that we’re ready to utilize.” San Marino (0-0) at Gabrielino (0-0), 7 p.m. The Eagles make their home debut on their state-of-the-art synthetic surface at a newly constructed football stadium. The Eagles lost a number of offensive weapons, but they have a tough linebacking crew of Ricky Pokorny, Kevin Heinrich, Joel Steinkraus and Anthony McIntosh ready to pick up where the rest left off. The Titans are outsized, which was evident in last year’s 37-0 loss to the Eagles. Second-year Titans coach D.R. Moreland has a returning QB in Chris Yortsos, so protecting him is top priority. — Fred J. Robledo can be reached at (626) 962-8811, Ext. 4485, or by e-mail at fred.robledo@sgvn.com. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 “They’ve played a real game, and they looked great in that game,” Koffler said. “They learned how to react in live situations. They got to use their special teams. They were able to interchange personnel. Those are all things we haven’t done yet, and you never know what to fully expect until you get out there and do it.” The Gladiators will at least test the Panthers’ sizable defensive front. In last week’s win over Ganesha, Gladiators running back Philip Nemcek rushed for 172 yards and three touchdowns, and Willie Guzman turned in 101 yards and a TD. “They’re a very well coached team,” Koffler said of Gladstone. “I see an offense with two good runners in the backfield, an athletic offensive line, quarterback, and a team that plays solid defense. They just do everything right, so we’re going to have to work awfully hard to get this done.” The Panthers took care of the Gladiators last season, winning, 31-13. So, despite Koffler’s concerns, he knows on paper his team has the edge. Expectations are fine, but then comes living up to them. That’s what concerns Rosemead High School coach Matt Koffler heading into tonight’s season opener against Gladstone at Duarte High School beginning at 7. The defending Montview League champion Gladiators, ranked No. 5 in Division X, already have a game under their belt, having easily disposed of Ganesha, 50-7, last week. center_img The Panthers, meanwhile, are ranked No. 7 in Division VII, and return one of the area’s most explosive two-way players in RB/DB Deon Sumler, along with quarterback Jose Camarena and OL/DL Josh Casey. The Panthers, 8-3 last season, looked impressive last week in a scrimmage against Pasadena, but as far as Koffler is concerned, the edge goes to Gladstone. last_img read more