Latest news with #D'Aversa
Yahoo
24-04-2025
- Sport
- Yahoo
D'Aversa: ‘Empoli leave semi final with heads held high'
Roberto D'Aversa feels Empoli leave the Coppa Italia semi-final against Bologna 'with our heads held high' and the regrets were for the first leg result. The Tuscans had already performed a miracle by reaching their first ever Coppa Italia semi-final, eliminating Torino, Fiorentina and Juventus along the way. Advertisement However, the 3-0 first leg defeat at home was too much to overcome and they also capitulated 2-1 at the Stadio Dall'Ara this evening, going out 5-1 on aggregate. Giovanni Fabbian and Thijs Dallinga headers proved decisive around a temporary Viktor Kovalenko equaliser, turning in the rebound from a parried Ola Solbakken strike. D'Aversa took Empoli to first ever Coppa Italia semi-final BOLOGNA, ITALY – APRIL 24: Roberto D'Aversa, Head Coach of Empoli, looks on prior to the coppa Italia Semi Final match between Bologna FC and Empoli at Renato Dall'Ara Stadium on April 24, 2025 in Bologna, Italy. (Photo by) 'We leave this historic semi-final with our heads held high,' D'Aversa told Sport Mediaset. 'The regret is the first leg, where we made unforced errors against one of the best teams in Italy right now. The lads played with focus this evening. If we have this same spirit in the remaining Serie A matches, then we can fight and prove that we deserve to stay in the top flight.' Advertisement With the relegation battles in mind, D'Aversa left out several players including Sebastiano Esposito and Tino Anjorin, on top of the on-going injury crisis. 'I chose Solbakken because I wanted to see what he could do, while Konate and Kovalenko had a good game. It's hard to be happy after losing, but we gave it our all.' D'Aversa had a very special message to conclude the interview, because he had experience as the coach of Lecce, so was particularly shaken by the news this morning that their historic physiotherapist Graziano Fiorita had died suddenly. 'I want to send an embrace to the Fiorita family, who suffered a terrible shock. He was someone I worked with and was very fond of.' Lecce physiotherapist Graziano Fiorita D'Aversa had also sent a message to Fiorita on his Instagram account earlier today. Advertisement 'I am shocked, sad and profoundly pained by the loss of Graziano Fiorita. He was an excellent physiotherapist and a lovely person, who knew how to create team spirit, and I was very fond of him. 'He used to joke around, calling me 'maestro,' but had unbeatable professional rigor and focus too. Always ready to lend a helping hand, positive and competent. 'An exemplary father, husband and man. I will always carry Graziano in my heart, with the fun memory of our enjoyable video calls with Giovanni, the kit man. 'I send an embrace to his family, who he was in love with, and to all of Lecce.'
Yahoo
31-01-2025
- Business
- Yahoo
Spirit Airlines snubs Frontier's new merger offer, opts to exit bankruptcy solo
Spirit Airlines has rejected a merger offer with Frontier as it prepares to exit bankruptcy. A Bay Area airport near SFO is losing all its air traffic controllers starting this weekend Zuckerberg has shown us who he really is. Believe him Big Lots store closures update: Gordon Brothers releases a new list of doomed locations with leases for sale Wednesday, Frontier made its second offer to merge with the bankrupt Spirit Airlines, but Spirit rejected it on the grounds that it was financially insufficient. In 2022, Frontier offered to acquire Spirit for $2.9 billion, but the offer was ultimately rejected when Spirit chose to accept a higher offer from JetBlue (which was later blocked for antitrust concerns). Frontier Airlines put forward its current merger offer in hopes of creating a strong, low-fare airline together. 'We have long believed a combination with Spirit would allow us to unlock additional value-creation opportunities,' said Barry Biffle, CEO of Frontier, in a statement. In a joint letter to Spirit's chair and CEO, Biffle and Frontier's chair of the board added that they believe the transaction 'generates more value for all Spirit stakeholders' than Spirit's current plan filed to the Bankruptcy Court. But Frontier's offer was lower than the amount the two parties had discussed in 2022, Raniero D'Aversa, an attorney and market-leading practitioner in bankruptcies, out-of-court restructurings, and creditors' rights controversies, tells Fast Company. In Frontier's offer, debt holders would receive $400 million in new debt and 19% of Frontier's common equity. It would also require stakeholders to invest $350 million in equity, which they were 'not willing to do,' according to a regulatory filing. 'The offer appears to be too little, too late,' D'Aversa says. In its rejection of the offer, Spirit said that the board believes Frontier's proposal is 'so insufficient as not to merit a counter.' Accepting or considering this offer could also interfere with the airline's plans to exit bankruptcy, which it had filed for in November. Spirit Airlines is 'on a fast track to exit,' D'Aversa says. 'Any serious consideration of the Frontier offer would derail the whole bankruptcy process, which is overwhelmingly supported by its constituents.' The airline has a February 13 court date to finalize its exit plan. While a company and its board have a fiduciary obligation to consider any deal for the benefit of its constituents and equity holders—and in the case of bankruptcy, its creditors—they're under no obligation to actually accept it. Although Spirit has operated normally during its bankruptcy, the airline has cut 200 jobs and sold some Airbus planes in order to raise millions of dollars. D'Aversa compares the situation to the classic 'a bird in the hand . . . ' idiom. Spirit is lined up to come out of bankruptcy imminently, and it appears the airline is ready to fight through its final month rather than merge. This post originally appeared at to get the Fast Company newsletter: Sign in to access your portfolio
