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Aberdeen use new 'cooperation' loan rules to strike Elgin City deal
Aberdeen use new 'cooperation' loan rules to strike Elgin City deal

STV News

time15-07-2025

  • Business
  • STV News

Aberdeen use new 'cooperation' loan rules to strike Elgin City deal

Aberdeen and Elgin City have announced a new partnership for the movement of young players as part of the Scottish FA's new 'Cooperation System'. Under the new system, which was launched by the governing body last month, players aged between 16 and 21, who are eligible for Scotland national teams, can join a lower-league club on loan but move back and forth between their parent club and the cooperation club to increase their game time. The new scheme, which clubs approved earlier this year, is designed to tackle a key area of concern over a vital stage of player development and offer competitive game time at a crucial, traditional stage of young players' careers. Premiership clubs are able to strike formal agreements with clubs from each of the three other SPFL divisions, and the Dons say the Elgin deal is just the first as they look to maximise the scheme's potential to give young players first-team football. Three 17-year-old defenders will be moving to Elgin as part of the new partnership. Dylan Ross and Jamie Mercer move under the new agreement and will be able to transfer back and forward as necessary, while Northern Irish centre-back Noah McDonnell joins the League 2 club on a standard loan deal. Aberdeen director of football Steven Gunn said: 'We were at Borough Briggs back in January to play a Scottish Cup fixture and not only were we thoroughly impressed by the facilities, but it was clear the team have a solid identity and a talented staff. 'From our early discussions it was apparent we are aligned in terms of our priorities for the development of our players, and importantly, Elgin City demonstrated a sound knowledge of the players and a real desire to support their ongoing development. 'This agreement with Elgin City is just the first, that covers League 2, and we hope to have others announced shortly.' The move comes after Aberdeen revealed that they would not be entering a team into the Club Academy Scotland U19s programme, though they will participate at U17 level. That decision came as part of a review of player development, with the club saying they needed to ensure a better return on investment from their multi-million pound youth football programme and academy. Citing the difficulty in getting players ready for top-flight first team football, Aberdeen said they were targeting 'an optimal pathway for young talent' and welcomed the flexibility of the new loan scheme and its potential for improving development. SNS Group Opportunity: Hampden bosses have brought in new rules to aid young Scottish players. The Scottish FA has published full details of the new rules, with Gould and Docherty answering key questions about how it works and how it can help player development. Why has this Cooperation System been introduced? Based on the research we have carried out into similar systems in other countries, the Cooperation System affords more opportunities for the best young talent to get playing time. It offers an alternative to clubs and players, who may otherwise be denied a loan opportunity, whilst also having limited playing opportunities at their parent club. For example, clubs competing in Europe may not able to send young players on loan due to Homegrown Matchday Quotas and clubs without a large budget may carry smaller squads and not send best young talents on loan in case of an injury crisis. The Cooperation System gives young players the option to receive critical playing experiences at an appropriate level within the pyramid. How does this system work? A club can place a maximum of three players on a 'Cooperation List' and these players can move freely between the parent club and the club who they are in a Cooperation Agreement with. So, for example, if the parent club has injuries in the player's position, they can recall the player, provided they give the minimum prescribed amount of notice to the Cooperation club. The parent club pays the salary for the player and – unlike with loan deals – they maintain the player's registration. What other countries use a version of this system? Club Cooperation systems already operate in a number of countries, such as Austria, Belgium, Croatia, Hungary and Serbia. Which clubs can enter into these Cooperation Agreements? A club in the SPFL Premiership or Championship is permitted to operate as the parent club, and sign Cooperation Agreements with clubs further down the pyramid (League One, League Two, Highland League and Lowland League). Championship clubs are also able to be both a parent club, to a club in a lower division, and a recipient club to a Premiership club. A club cannot sign a Cooperation Agreement with a club in the same league as their first team or B team. Can a club enter more than one Cooperation Agreement? The parent club may sign a Cooperation Agreement with a different club at each level of the pyramid, but a parent club cannot have two Cooperation clubs within the same division. Which players are eligible to move under the Cooperation System? Only players who are eligible to play for the Scotland National Team and who are under the age of 21 would be able to participate on a 'Cooperation List'. For the upcoming 2025/2026 Season, a player designated as Under-21 would refer to a player born in the calendar year 2005 or younger. This is in line with the definition used by other nations around Europe. How many players can move to one club at a certain time? The parent club, which pays the full salary for players under this system, is able to list a maximum of three players who would appear on a 'Cooperation List' between the two clubs. Does the Cooperation System replace the previous Loans System? The Cooperation System does not replace the Loans system, meaning clubs can use either of, or a combination of, both systems. A maximum of five players can be shared between two clubs (including loans and 'Cooperation List' players). Clubs can have a maximum of three loan players from club to club – therefore the maximum split would be 2/3 or 3/2 in terms of loan / cooperation. Clubs are under no obligation to use all three slots if they sign a Cooperation Agreement. When can players move between clubs under the Cooperation System? Clubs are entitled to change the players on the Cooperation List – to remove a player who has been recalled or not participating and replace him with another young player who may benefit from the experience – but only during the summer and winter transfer windows, as well as the extended loan windows that follows the transfer windows. Players who are on the Cooperation List are able to move freely between both clubs throughout the season, although there is a minimum playing time for a player to remain on a cooperation list beyond the cut-off date of March 31. As a minimum, a player on a Cooperation List must have played at least 15 minutes in at least five matches for the Cooperation club before March 31 to be eligible to feature for the Cooperation club after that date. This would ensure that a club cannot receive extra assistance for key games late in the season with a player being made available just for those games. Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country

Aberdeen confirm 'historic' partnership with Elgin
Aberdeen confirm 'historic' partnership with Elgin

BBC News

time15-07-2025

  • Sport
  • BBC News

Aberdeen confirm 'historic' partnership with Elgin

Aberdeen have confirmed a "historic" player development partnership with Scottish League Two side Elgin Pittodrie club say the agreement follows the introduction of a new Scottish FA initiative that has been "created to boost opportunities for young Scottish players".Seventeen-year-olds Dylan Ross, Jamie Mercer and Noah McDonnell will all move on loan to Elgin immediately, but players selected will be able to switch "between the parent and cooperation club throughout the season to increase playing time".Clubs can have multiple agreements across the SPFL pyramid, but only one in each tier. Elgin will be the Dons' League Two director of football Steven Gunn said the fourth-tier side will provide "an excellent platform" for their young added: "We were at Borough Briggs back in January to play a Scottish Cup fixture and not only were we thoroughly impressed by the facilities, but it was clear the team have a solid identity and a talented staff."From our early discussions it was apparent we are aligned in terms of our priorities for the development of our players, and importantly, Elgin demonstrated a sound knowledge of the players and a real desire to support their ongoing development."While we expect it to be a challenge for [the players], the opportunity for competitive first-team football, in the professional league system, is significant for our players. "We have taken a view that this is a better progression for our best young players, training daily at Cormack Park under a dedicated transition manager and being exposed to senior first-team football at the weekend, rather than playing against their peer group in Under-19 football."This agreement with Elgin is just the first, that covers League Two, and we hope to have others announced shortly."

Mets prospect Dylan Ross still hitting 100 mph after 2 elbow operations
Mets prospect Dylan Ross still hitting 100 mph after 2 elbow operations

New York Times

time08-07-2025

  • Sport
  • New York Times

Mets prospect Dylan Ross still hitting 100 mph after 2 elbow operations

At 6 feet, 5 inches and 250 pounds, Dylan Ross is 'an absolute horse,' New York Mets senior vice president for player development Andy Green says. Just a few months into his first professional season, Ross has raced from High A to Triple A, with a big-league promotion looking like a distinct possibility at some point by the homestretch. Advertisement Ross, a 24-year-old right-handed pitcher, possesses one of the hardest fastballs in the Mets' farm system. He has hit 102 mph. There have been a few 101 mph readings, too. When overwhelming velocity isn't enough, Ross unleashes a low-90s splitter that multiple evaluators referred to as 'real.' He also throws a slider and a curveball. In 28 1/3 innings across three levels, Ross has a 2.54 ERA with 52 strikeouts and 16 walks (in 6 1/3 innings at Triple A, he has a 1.42 ERA with 11 strikeouts and five walks). Dylan Ross averaged 100.4 mph on his fastball in his scoreless inning for the @RumblePonies yesterday. 🔥 Across Single-A and Double-A this season, he has a 1.32 ERA and 25 strikeouts across 13.2 IP. — Mets Player Development (@MetsPlayerDev) May 19, 2025 If his secondary pitches and control improve, Ross has a shot at one day becoming a late-inning power reliever. It's been a while since the Mets developed one of those. Meanwhile, Ross continues to pass tests, which encourages club officials. Last week, the Mets challenged Ross with a major-league workload, pitching him three times in a five-day span. In 3 2/3 innings, he allowed just one hit (no walks) and racked up seven strikeouts. When it comes to navigating all the newness the Mets keep dishing out to him, Ross' stuff, as good as it may be, comes second to his story. He draws on his background. His prior resilience shapes his perspective. If two elbow surgeries couldn't stop him, what will? 'It's really, really impressive,' Green said. Five years ago, Ross' fastball peaked at 93 mph while at Eastern Kentucky University. But then the COVID-19 pandemic forced Ross to conduct throwing sessions at home in Statesboro, Ga. Two months later, a radar gun insisted he was at 97 mph. So, Ross' father, Tony, packed up the device and shipped it back to the manufacturer to verify the accuracy. Advertisement 'I just thought it was funny, so I didn't mind at all,' Ross said. 'I thought it could've possibly been a little hot. But at the same time, it felt accurate with how the ball was coming out.' The radar gun worked just fine. Ross never returned to EKU, though he credited the coaching staff there for helping his mechanics, which put the higher velocity readings into motion. Later in 2020, he played in the Florida Collegiate Summer League, where he threw as hard as 98 mph. By then, he popped up on many amateur scouts' radars. While playing for Northwest Florida State College, Ross reached 100 mph. The buzz got real. Baseball America tabbed him as high as No. 114 on its list of the top 500 prospects for the 2021 draft. Such projections put him as a third-round pick. Instead, Ross decided to enroll at the University of Georgia, where he had visions of becoming a first-round selection. Never happened. 'Second outing,' he said, 'the UCL was no longer with us.' Ross underwent Tommy John surgery on March 15, 2022 — he remembers the exact date. Around that time, though, his cousin Will Childers, who was also at Georgia and is now a pitcher in the Milwaukee Brewers' farm system, needed a second Tommy John surgery. Childers' predicament, Ross said, put things into perspective. 'There was never any sort of doubt of, oh, is this the plan God has for me?' Ross said. 'It never changes. That was just a part of it. I thought, 'Things could be worse.'' Despite being sidelined, the Mets still liked Ross. Their fondness for him stretches back to Ross' time in high school, when he played his final two seasons at Georgia Premier Academy. Back then, they liked his size and physicality, but figured he needed time to develop. The Mets waited, though they never could've known how much patience would be required. Advertisement In 2022, area scout Marlin McPhail and director of amateur scouting Drew Toussaint watched Ross pitch before the injury. In the front office, Mets senior manager of baseball analytics integration Joe Lefkowitz was a key supporter. They liked Ross' movements for a bigger man and his velocity, and his pitch boosted their belief that he could continue to develop. By the time of the draft, the Mets decided to buy low on someone they thought was a top-five round prospect. They picked him in the 13th round. 'It wasn't fully up to me who drafted me,' Ross said, 'but we had a relationship with those guys, and it was a massive blessing to go into the rehab with them.' About a year later, Ross had just one more week left before getting clearance to face batters when he said he 'felt something small.' He didn't think much of it. After all, he felt different things throughout the rehab process. He communicated as much to the Mets while in Florida. The next day, he was preparing to throw when someone stopped him and asked, 'What are you doing?' Ross replied, 'What do you mean?' The person then told him he was going to West Palm Beach for an MRI. Inside an office, a doctor told Ross that the top of his ligament was healthy and strong. Ditto for the bottom. Before the doctor's next sentence, Ross pointed out that the doctor had skipped the middle part of the ligament. Indeed. That's where there was a high-grade strain. It was 2023 and after nearly reaching the finish line of his rehab process, Ross learned he needed a UCL revision surgery. 'It rocked me for a second,' Ross said. 'But I was like, 'Well, I guess it was bound to happen again.' Like, it obviously wasn't the easiest news to hear. But it was a lot easier than the first one, because it's like, OK, well, I've experienced it. Advertisement 'I had gone through the entire process pretty much. I knew things that I could have done better. I knew things that I could have maybe slowed down a little bit on certain parts. So it was, 'OK, I'm a lot more prepared for this.' It was like, 'Let's do it the best way possible that we can.'' Ross credited the Mets' staff, specifically minor-league rehab pitching coach Jeremy Kivel and minor-league physical therapist Alex Gough, among others, as instrumental in getting him back to the mound. He put more trust into pacing, limitations and rest. It's paying off. Ross says he enjoys monotony. He needed to lean on that taste heavily over the last couple of years. He also appreciates the art of pitching and likes learning more about pitch shapes and designs. Ross said he 'fell in love' with making small adjustments. It's coming in handy. The Mets have used 33 pitchers this season. The total ballooned over the past month as the club navigated a storm of injuries and went through a batch of marginal relievers. They are still searching for one who pops up in an unexpected way, as Dedniel Núñez did a year ago. Could it be Ross? It's not nearly as much of a long shot as it once was. 'This whole season is a compilation of a ton of firsts,' Ross said. 'First spring training. First year relieving. First, I guess, professional season. It hasn't necessarily been the easiest thing, but it's just something where I put my faith in God that this is where I'm supposed to be, what I'm supposed to do. And so I guess it's more up to me to kind of face it and whatever comes next.'

Cable Beach men's and women's teams take home wins from Bidyadanga at the weekend
Cable Beach men's and women's teams take home wins from Bidyadanga at the weekend

West Australian

time30-06-2025

  • Sport
  • West Australian

Cable Beach men's and women's teams take home wins from Bidyadanga at the weekend

The Bidyadanga Emus put up a commendable fight in their clash with Cable Beach at the weekend but were ultimately beaten by the top team. However, the Emus got the jump on their opponents in the first quarter in the Bidyadanga Oval clash on Saturday afternoon for Mental Health Round. Bidyadanga's defence kept the usually quick-to-score Cable Beach at bay while their forwards kicked the first three goals of the match. Cable Beach wasted no time getting to work in the second term, running through the Emus defence and kicking four goals to take the lead while the Emus struggled to keep up their previous momentum. Cable Beach led by seven points at half-time. The Emus kept themselves in the game in the third term, kicking two goals while Cable Beach extended their lead to 15 points heading into the final term. Cable Beach continued their scoring run in the final term, kicking three goals while the Emus tried to keep pace but ultimately Cable Beach pulled through to take the win, 10.19 (79) to 8.5 (53). Cedric Cox, Dylan Ross, Rhonen Maher, Pungi Eriha, Cj Oakley and Rhys Hajinoor were named best players for Cable Beach. At Derby Oval, the Broome Saints defeated the Derby Tigers on their home turf on Saturday afternoon. The two sides were neck and neck in the first term with the Saints just edging out the Tigers after some missed opportunities on goal. While it was anyone's match at the start of the second term, by the end the Saints had started to build a substantial lead with the Tigers struggling to keep pace. The Saints cemented their lead in the third quarter, adding three goals while the Tigers struggled to break through the Saints' defences, scoring just three behinds and facing a big task to peg back the 26-point deficit. The Tigers tightened up their defence in the final term and matched the Saints output kicking one goal, but it wasn't enough make up for the Saints commanding lead. The Saints won 7.9 (51) to 3.8 (26). The Tigers' Craig Buckley was the top scorer of the match with two goals. The Broome Towns had a bye this round but will return for round 10. In the women's competition, the Peninsula Bombers delivered a massive defeat to the Broome Towns as the two sides battled it out on Nippe Roe Oval on Saturday morning. Towns only managed to score a single behind for the entire match while the Bombers kicked goal after goal to take a one-sided win, 8.9 (57) to 0.1 (1). It was a closer match between Cable Beach and the Bidyadanga Emus at Bidyadanga Oval on Saturday morning. The Emus dominated the first half while Cable Beach failed to score a single goal as the struggled to find their footing. But in a sensational late-game comeback Cable Beach kicked two goals in the second half and with two more behinds added to their scoreline, edged ahead of the Emus to take the win, 2.6 (18) to 2.1 (13). The Emus' Shermaiah Bamba and Jaymee-lee Chaquebor, alongside Cable Beach's Maddison Gellie and Isobel Varney all tied for top scorer of the match on one goal each. The Looma Eagles had a bye this round but will return for round 10.

TCW Launches the TCW Private Asset Income Fund to Deliver Exposure to Asset-Backed Finance Market
TCW Launches the TCW Private Asset Income Fund to Deliver Exposure to Asset-Backed Finance Market

Yahoo

time02-06-2025

  • Business
  • Yahoo

TCW Launches the TCW Private Asset Income Fund to Deliver Exposure to Asset-Backed Finance Market

Launches with significant commitments, including anchor investment from Apollo S3 Credit Solutions New interval fund provides access to TCW's long heritage in private credit and securitization LOS ANGELES, June 02, 2025--(BUSINESS WIRE)--The TCW Group, a leading global investment firm, today announced that it has launched the TCW Private Asset Income Fund (TPAY), a private asset-backed finance interval fund to provide exposure to asset-backed finance opportunities to a range of investor types. TPAY launches with over $450 million in subscription commitments, including an anchor commitment from Apollo S3 Credit Solutions. TPAY focuses on private lending opportunities that power the real economy, providing investors with the potential for attractive excess risk-adjusted returns, consistent income and portfolio diversification. To manage liquidity, approximately 20% of the fund will be invested in attractive liquid structured products. TPAY has the ability to target opportunistic transactions in the ABF market across the capital structure and is designed to offer meaningful diversification away from corporate-credit exposures. "As capital markets continue to evolve, asset-backed finance offers significant opportunities for scaled, non-bank lenders to provide flexible capital to borrowers and potential to deliver attractive risk-adjusted returns for investors," said Dylan Ross, Co-Portfolio Manager of TPAY. "The TCW Private Asset Income Fund delivers private market access to wealth investors supported by TCW's multi-decade experience record investing across the public and private credit spectrum and deep expertise in securitized assets." The fund is managed by Co-Portfolio Managers Ross, Max Scherr and Peter Van Gelderen. Ross, who joined TCW in 2024 to lead the firm's asset-backed finance effort, has two decades of experience in alternative credit investing with a primary focus on structured credit and asset-backed finance. Scherr joined TCW in late 2024 from Brigade Capital where he ran financial investing, which included securitized and structured credit. Van Gelderen serves as Co-Head of Global Securitized within TCW's Fixed Income group, which manages over $80 billion in securitized assets. The U.S. asset-backed finance market is currently estimated at approximately $5 trillion and is projected to grow to $8 trillion by 2027, with the global market reaching an estimated $20 trillion. Wealth advisors are steadily increasing average allocations to alternative investments from low single digits toward goals of 15%+ in the next decade. This shift is driven by growing demand for diversification, enhanced income, and inflation protection. Private credit alternatives are one of the fastest-growing categories. For more information on the TCW Private Asset Income Fund, please visit About The TCW GroupTCW is a leading global asset management firm with a broad range of products across fixed income, alternative investments, equities, and emerging markets with over half a century of investment experience. Through its TCW MetWest Funds, TCW Funds and ETF suite, TCW manages one of the largest fund complexes in the U.S. TCW's clients include many of the world's largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For more information, please visit You should consider the investment objectives, risks, charges and expenses of this fund carefully before investing. A Fund's Prospectus and Summary Prospectus contain this and other information about the Fund. To receive a Prospectus, please call 877-829-4768 or you may download the Prospectus from the Funds' website at Please read it carefully. All investments involve risk, including the possible loss of principal. There is no guarantee that the investment objective of a Fund will be achieved. Past performance is no guarantee of future results. INVESTMENT RISKSThis fund is new. A new fund's performance may not represent how the fund is expected to or may perform in the long term. In addition, new funds have limited operating histories for investors to evaluate and new funds may not attract sufficient assets to achieve investment and trading efficiencies. Because of the risks associated with the Fund's ability to invest in high yield securities, loans and related instruments and mortgage-related and other asset-backed instruments, foreign (including emerging market) securities (and related exposure to foreign currencies), and the Fund's ability to use leverage, an investment in the Fund should be considered speculative and involving a high degree of risk, including the risk of a substantial loss of investment. Mortgage-backed and other asset-backed securities often involve risks that are different from or more acute than risks associated with other types of debt instruments. MBS related to floating rate loans may exhibit greater price volatility than a fixed rate obligation of similar credit quality. With respect to non-agency MBS, there are no direct or indirect government or agency guarantees of payments in pools created by non-governmental issuers. Non-agency MBS are also not subject to the same underwriting requirements for the underlying mortgages that are applicable to those mortgage-related securities that have a government or government-sponsored entity guarantee. Asset-backed securities involve the risk of loss as a result of impairment of the value of the underlying financial assets, prepayment risk and extension risk. Issuers of asset-backed securities may have limited ability to enforce the security interest in the underlying assets, and credit enhancements provided to support the ABS, if any, may be inadequate to protect investors in the event of default. The Fund may use leverage to increase its net income, but these activities entail the risk that under certain market conditions the cost of leverage could exceed the return of the fund, reducing returns to shareholders. The use of leverage may cause a Fund to liquidate portfolio positions when it may not be advantageous to do so to satisfy its obligations or to meet segregation requirements. This may cause a Fund to be more volatile, which may increase the risk of investment loss. CLOs are securities backed by an underlying portfolio of loan obligations. CLOs issue classes or "tranches" of debt that vary in risk and yield and may experience substantial losses due to actual defaults, decrease of market value due to collateral defaults and exhaustion of subordinate tranches, market anticipation of defaults and investor aversion to CLO securities as a class. The risks of investing in CLOs depend largely on the tranche invested in and the type of the underlying loans in the tranche of the CLO in which the Fund invests. Subordinate tranche investments involve greater risk of loss than more senior tranches. CLOs also carry risks including, but not limited to, interest rate risk and credit risk. To the extent that the Fund invests in unrated CLO tranches, the Fund's ability to achieve its investment objective will be more dependent on the Adviser's credit analysis than would be the case when the Fund invests in rated CLO tranches. The CLOs in which the Fund invests are managed by investment advisers independent of the Adviser. CLO managers are responsible for selecting, managing and replacing the underlying bank loans or bonds within a CLO. CLO managers may have limited operating histories and may be subject to conflicts of interest, including managing the assets of other clients or other investment vehicles, or receiving fees that incentivize maximizing the yield, and indirectly the risk, of a CLO. Adverse developments with respect to a CLO manager, such as personnel and resource constraints, regulatory issues or other developments that may impact the ability and/or performance of the CLO manager, may adversely impact the performance of the CLOs in which the Fund invests .There is currently no secondary market for the Fund's Shares and the Fund does not expect a secondary market is to develop. Even though the Fund makes quarterly repurchase offers for its outstanding Shares (currently intended to be for 5% of its outstanding Shares per quarter), investors should consider Shares of the Fund to be an illiquid investment. There is no guarantee that any distributions will be paid by the Fund and, the potential that, if paid, may include return of capital which may adversely impact the Fund. There is no guarantee that you will be able to sell your Shares at any given time or in the quantity that you desire. All investing involves risk including the potential loss of principal. Market volatility may significantly impact the value of your investments. Recent tariff announcements may add to this volatility, creating additional economic uncertainty and potentially affecting the value of certain investments. Tariffs can impact various sectors differently, leading to changes in market dynamics and investment performance. Glossary: Asset backed finance: A form of financing whereby loans are collateralized by pools of cash flows or assets. Private credit: Privately negotiated loans between a borrower and a non-bank lender. TCW Private Asset Income Fund is distributed by TCW Funds Distributors LLC. The TCW Private Asset Income Fund is advised by TCW Asset Backed Finance Management Company, a wholly-owned subsidiary of The TCW Group, Inc. View source version on Contacts Media Contact: Doug MorrisHead of Corporate Communications+ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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