Thames Water’s £3bn rescue loan has been approved by the court after an appeal against the deal was dismissed. The loan will allow the company to continue operating for at least another 12 months, giving it time to restructure its nearly £20bn in debt and attract new investment. The decision was welcomed by Thames Water’s chief executive, who stated that the firm’s “turnaround plan” can now continue with the initial tranche of £1.5bn being provided in instalments over the coming months.
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NCAA agrees to lift name, image, likeness recruitment ban
The NCAA will abandon a rule prohibiting athletes from negotiating name, image, and likeness deals before enrolling in college, per a settlement announced by Tennessee Attorney General Jonathan Skrmetti. The agreement, if approved by a federal judge, will allow athletes to negotiate compensation for deals before enrollment and during recruitment windows, with the NCAA required to publicize any proposed changes for the next five years. The lawsuit, involving multiple attorneys general, argued that the NCAA's...
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