imlcrdnj

‘Switch’ that could improve memory identified

first_imgA neural circuit mechanism involved in preserving the specificity of memories has been identified by investigators from the Massachusetts General Hospital (MGH) Center for Regenerative Medicine and the Harvard Stem Cell Institute (HSCI).They also identified a genetic “switch” that can slow down memory generalization — the loss of specific details over time that occurs in both age-related memory impairment and in post-traumatic stress disorder (PTSD), in which emotions originally produced by traumatic experiences are elicited in response to innocuous cues that have little resemblance to the traumatic memory.“The circuit mechanism we identified in mice allows us to preserve the precision or the details of memories over the passage of time in adult as well as aged animals,” says Amar Sahay of the MGH Center for Regenerative Medicine and HSCI, corresponding author of a paper appearing in Nature Medicine. “These findings have implications for the generalization of traumatic memories in PTSD and for memory imprecision in aging.”Memories are generated in the seahorse-shaped brain structure called the hippocampus and stored in the prefrontal cortex at the front of the brain. Memory formation involves cells in a portion of the hippocampus called the dentate gyrus, and memories are thought to be conveyed to the prefrontal cortex via the CA subregions of the hippocampus, specifically subregions CA3 and CA1. The hippocampus also is believed to play a continuing role in the stabilization of memories in the cortex — maintaining the precise details that keep one memory from being confused with another and preventing issues ranging from not being able to remember last week’s dinner selections to age-related memory loss. Related Study zeroes in on how humans interpret visual environment Hyperactivity of this hippocampal circuitry has been observed in aged animals — rodents, non-human primates, and humans — and alterations in hippocampal structure are seen in patients with PTSD. The current study was designed to investigate the hypothesis that inhibitory signals passing from dentate gyrus cells (DGCs) to the CA3 subregion help constrain hyperactivity and maintain the stability and precision of memories over time.A key finding by Sahay’s team was identification of a protein called abLIM3 — highly expressed in DGCs but absent in the CA field of mouse brains. The protein acts as a molecular brake on the inhibitory signals DGCs exert onto the CA3 subregion. Experimental manipulation of abLIM3 levels in DGCs in adult mice revealed that decreasing abLIM3 levels increased the delivery of inhibitory signals to CA3 neurons. A series of experiments with mouse models showed that manipulation of abLIM3 levels within DGCs could slow down the process of memory generalization.Using a classical behavioral-conditioning protocol, the investigators first trained the animals to expect an unpleasant sensation, a mild but not painful foot shock, in a particular context, such as being placed into a box with dark walls. Typically, when animals are placed in the same context, they will “freeze” in expectation of the shock but will not react to a context not associated with the shock, such as a box with light walls. But after two weeks, the memory will generalize and the animals will “freeze” when placed in any context, even one with little resemblance to that in which they received the foot shock.In contrast, decreasing abLIM3 levels within DGCs maintained the specificity of the memory over time so that, even two weeks later, the mice would only freeze when placed into the foot-shock-associated context. The investigators also found that decreasing abLIM3 levels in aged mice reversed age-related alterations in DGC-CA3 circuitry and improved memory precision. A recent study by another group found significantly increased abLIM3 levels in the circulation of aged humans who are beginning to show signs of memory impairment.“Our ability to improve memory precision in both adult and aged mice by essentially ‘flipping a genetic switch’ suggests that targeting abLIM3 expression in DGCs may lead to similar improvement in aged humans, a strategy we are actively pursuing,” says Sahay, who is an associate professor of psychiatry at Harvard Medical School and principal faculty of the Harvard Stem Cell Institute. “Since overgeneralization of traumatic memories is a hallmark of PTSD, we are also keen to assess abLIM3 levels in patients with PTSD and investigate whether reducing abLIM3 expression could prevent the activation of traumatic memories.”Nannan Guo of the MGH Center for Regenerative Medicine and Department of Psychiatry is lead author of the Nature Medicine paper. Additional co-authors are Charlotte Herber, Michael TaeWoo Kim, Antoine Besnard, and Paoyan Lin, MGH Center for Regenerative Medicine; Marta Soden and Larry Zweifel, University of Washington; and Xiang Ma and Constance Cepko, Harvard Medical School. Support for the study includes National Institutes of Health grants R01 MH104175, R01 AG048908, and 1R01 MH111729 and support from the Ellison Family Foundation. A patent application covering the targeting of abLIM3 to improve memory precision in aging and PTSD has been filed. Changes in memory tied to menopausal status Peeking between memory and perception Alzheimer’s-associated protein may be part of the innate immune system New understanding could lead to preventive, therapeutic strategies Memory changes may occur in women decades earlier than previously thought last_img read more

Holy Half runners conquer campus

Saturday morning, 1,120 runners toed up to the starting line for the eighth annual Holy Half Marathon and 10k race before most on campus had even eaten breakfast.   Sponsored by the Class of 2014, the event raised approximately $30,000 in support of Hope Ministries, the St. Joseph County Public Library and the Literacy Council of North Central Indiana.   Student organizer Carolyn Green said the event planning team was pleased with the race’s turnout. “The goal was to make an opportunity for students to interact outside of [normal] campus events … this was a really unique way for doing that,” she said. “Really, it is a physical accomplishment, but it becomes something bigger than yourself, because it’s not only fulfilling something that is a part of the Notre Dame tradition, but we also raised $30,000 for local charities.” The biggest challenge for race coordinators was overcoming the negative effects of the scorching heat during last year’s race, Green said. “The administration was kind of reluctant to have the race this year because of all the injuries last year,” Green said.  “Over fall break, we made this appeal and presented to them, focusing on how the race has become something on Notre Dame bucket lists, and such a big tradition.” Green said the Holy Half team was prepared to give medical attention to runners at any point during the race, but the cool, cloudy weather minimized medical emergencies. “This year, we partnered with the medical team from the Sunburst Marathon (a local marathon event), that way we’d have ambulances and a medical tent, all the necessary precautions,” Green said.  “We were so lucky with the weather this year.” Sophomore participant Vincent Burns said this year’s weather made for a more enjoyable race experience.   “I think that the weather this year made it tremendously more fun,” he said. “I wasn’t worried that I was going to faint, whereas last year people were falling left and right.” Burns said he also enjoyed the new course designed by this year’s event planners. “I really liked the course this year,” Burns said.  “It was basically the reverse of the course they had last year and it made for a much more enjoyable race … because the lakes were towards the end instead of running around the edge of campus [at the end of the race].” The new course design treated racers to a view of the golden dome as they ran down Notre Dame Ave., finishing on Irish Green.    Green said the 13.1-mile course is popular because it is run entirely on Notre Dame’s campus. In addition to organizing the event, Green ran the race the last two years, giving her unique insight into the experience.   “The whole time I was running I could see when we did a good job marking this, or that that spot was clear, I can follow that,” Green said.  “I’m not sure how big [this race] can get because it’s all on campus, and it depends on the course’s capacity.” University administration capped the race at 1,000 racers, but allowed the organizers to open the waiting list because around 200 people indicated late interest in participating, Green said.   She said the event is unique because it attracts both experienced racers and more casual competitors.   “It’s tricky that there are all these alumni coming in and it might be their first [half] marathon … right next to graduate students who have been training really hard,” Green said. Graduate student Tyler Kreipke, who won this year’s Holy Half with a time of 76 minutes, said he used the race as an indication of his fitness level as he prepares for the upcoming Indianapolis Half Marathon and Chicago Marathon. “This race was [an opportunity] to go out and gauge where my fitness level was at, and to get into a competitive race to prepare and see where I’m at going into the Indianapolis Half Marathon,” he said. Kreipke said he planned to start with the lead pack of runners and play the rest of the race by ear. “I started out with a few people at the front of the race – about three or four when we started off – and just hung with them,” Kreipke said. “At about four or five miles, the group started to spread out and then [I] was kind of in no-man’s land and settled into my own pace.” Kreipke said he was happy with his first-place performance, despite an in-race injury. “My fitness was better than I expected to see at this point, so that was promising,” Kreipke said.  “But right towards the end, I was running on the edge of the sidewalk to try to get the shortest line when my foot slipped off and I sprained my ankle.” Kreipke said he was lucky enough to be about 600 meters from the finish and finished the race on adrenaline.   “At the end I wasn’t absolutely exhausted. I still had a little gas left in the case,” Kreipke said.  “It was a really fun course and really nice to get to run around campus.” Sophomore Erin Hanratty said she enjoyed the on-campus race and the challenge it provided.  She said the training plan provided by the Holy Half organizers prepared her well for the race. “Everyone hits a wall at ten miles, apparently, and so did I,” Hanratty said.  “The last three miles were the hardest.  At 10 miles it was kind of hard, but I kept going and didn’t stop.” Looking ahead to next year, Green said she wants to build on the momentum created by this year’s raffle, expanding the event to include a weekend for the alumni interested in attending. Green said the event’s capacity to strengthen Notre Dame’s connection with the surrounding community is one of the important features of the race. “The Holy Half Marathon directly engages part of the University’s mission: to engage the greater South Bend area,” Green said. read more

Joe Tippett & More Set for Nicky Silver’s This Day Forward

first_img This Day Forward Former Broadway.com fresh face Joe Tippett, Francesca Faridany and more have been tapped for Nicky Silver’s This Day Forward. Directed by Mark Brokaw, tickets are now available for the production, which will begin performances off-Broadway on November 3. Opening night is set for November 21 at the Vineyard Theatre.Along with Tippett (Airline Highway) and Faridany (Curious Incident), the cast will include Andrew Burnap (Troilus and Cressida), Michael Crane (Gloria), Tony nominee June Gable (Candide) and Holley Fain (Grey’s Anatomy).In this new comedy about love and marriage and everything in-between, Martin thinks he has just married the girl of his dreams, but when Irene makes a surprising confession in their honeymoon suite, all their well-made plans fall apart. Nearly 50 years later, Irene’s children wrestle with their past and a mother whose secrets are quickly fading along with her memory.The production will feature scenic design by Allen Moyer, costumes by Kaye Voyce, lighting by David Lander, and original music and sound design by David Van Tieghem. Star Files Show Closed This production ended its run on Dec. 18, 2016 Francesca Faridany Related Shows View Comments Andrew Burnap Joe Tippett(Photo: Caitlin McNaney)last_img read more

Veralli’s fine art photography on permanent display at NRG

first_imgBurlington, VT – March 27, 2006 – Amalia Veralli, a Warren Vermont photographer, has recently completed an installation of her work at NRG Systems in Hinesburg VT. NRG Systems is a global leader in wind energy assessment, and one of only four industrial facilities in the world to receive the Leadership in Energy and Environmental Design (LEED) Gold level certification.”Amalia’s photos are breathtaking! They drew me in the moment I saw her work,” exclaimed Jan Blittersdorf, President/CEO, NRG Systems, Inc. “She achieves a level of color, clarity and detail rarely seen in nature photos. These photos are a glorious addition to our workplace environment, adding a punch of color, and lots of interest from our employees and visitors.”In keeping with their commitment to provide a work environment that improves the quality of their employees’ lives, NRG offered employees an opportunity to participate in choosing the photographs for display in the various departments.”We are fortunate to have talented Vermont artists and photographers to choose from in decorating our workspace. I’m so happy to have Amalia’s work as part of NRG,” continued Blittersdorf.A successful and creative potter in her past life, Amalia is emerging as a force in the world of photography. Amalia Veralli has a distinct creative style in her photography, and in her functional and decorative pottery. She owned and operated Warren Village Pottery for more than 25 years, closing in July 2005 to pursue her career as a professional fine art photographer.Her work is in private collections throughout the northeast and can be seen at Artisan’s Gallery and Lee Parrish Gallery in Waitsfield, VT, and School House Market in Warren, VT. Amalia recently donated framed prints for permanent display in the lobby of the newly constructed Mad River Valley Health Center in Waitsfield.Amalia began her exploration in photography while on a trip to Europe working for a student travel organization after college. Originally, Amalia’s concentration was black and white photography and printmaking in her darkroom. After many years as a successful potter and working with black & white photography, Amalia turned her creative energies to the art of color photography.In 2004, Day Spring, a subsidiary of Hallmark Publishing, selected a collection of prints from her portfolio of flower photographs for one of their calendars entitled “Expressions of His Love.”Amalia’s success has been notable in Vermont as well. In 2004 and 2005, she won several blue and red ribbons for her portrait and illustrative photography in the Annual Photography Competition of the Vermont Professional Photographers Association. She has also been one of five winners in the well-known Waitsfield Vermont Round Barn’s annual photography show. Amalia has also shown her work at the T.W. Wood Art Gallery in Montpelier, VT.A native New Yorker, Amalia Veralli has called Vermont her home for the past 30 years. Her photographic journey includes study at the School of Visual Arts in New York City and the University of Vermont. Veralli is a member of the Vermont Professional Photographers and Christians in Photojournalism.Amalia’s web site is www.amaliaphotography.com(link is external). She can be reached at telephone 802-496-3192, via mail at PO Box 620, Warren, VT 05674, and via e-mail at amalia@amaliaphotography.com(link sends e-mail).last_img read more

Wisconsin, Nicaragua Delegation Share Emergency Management Techniques

first_imgBy Dialogo June 10, 2010 The Wisconsin Department of Military Affairs hosted a Nicaraguan delegation recently to share emergency management practices, as part of the state partnership program. Since 2003, the Wisconsin-Nicaragua partnership program has resulted in dozens of exchanges to share knowledge, best practices and experience while building closer ties between the two militaries. Seven members of the Nicaraguan delegation participated in a May 25-28 visit including Brig. Gen. Mario Perezcassar, the Nicaraguan chief of civil defense. Their primary purpose was to unite Wisconsin Emergency Management and Wisconsin National Guard officials with their counterparts from Nicaragua to discuss future exchange opportunities that can increase both organizations effectiveness in this critical area. Geographically, Nicaragua is located in a precarious region where natural disaster is a yearround threat. The rainy season can bring hurricanes, floods or mudslides, and there’s always the potential for earthquakes from one of the three fault lines that run through the area. Tsunamis resulting from earthquakes and volcanic activity from one of Nicaragua’s six active volcanoes are both ever-present threats. And there is always the threat of fire. Despite the threat, the Nicaraguan Army remains prepared for anything. “As a national army, we are ready to face and respond to these natural disasters because of their frequency,” Perezcassar said. “Our plan for emergency management allows military commanders to organize the different risks they may face in their respective territories, [giving] them the [ability] to utilize their available resources and create their own plan of action, which becomes the basis for each contingency plan.” The visit also included a tour of the Regional Emergency All-Climate Training Center (REACT) at Camp Williams, Wis., a training facility which certifies emergency responders in a variety of catastrophic disaster management techniques. “We wanted to show the REACT center to the Nicaraguan delegation because they have a great interest in further developing their own search and rescue unit,” said Capt. Joe Davison, State Partnership Program coordinator. “Perezcassar recently deployed to Haiti with a platoon of search and rescue personnel and they saw some of the more advanced equipment and techniques used by other search and rescue teams from the U.S. They want to learn some of the advanced techniques that are taught at the REACT center.” Davison said the goal is to eventually bring soldiers from the Nicaraguan search and rescue unit to the REACT center to increase their ability to respond to emergencies at home. The Nicaraguan search and rescue team deployed to Haiti for approximately two months with 35 personnel. During that time, they are credited with saving the lives of six Haitians. “In the area of disaster preparedness and response, Nicaragua has a wealth of experience as they are vulnerable to many environmental threats,” said WEM Director Scott Legwold. During the upcoming 2011 Vigilant Guard exercise, which is scheduled to simulate a major earthquake at the New Madrid seismic zone affecting about 19 states in the midwestern, southern and eastern region, the Wisconsin National Guard will respond to several localized emergencies. “We will be working with our Nicaraguan partners prior to the exercise and sharing our contingency plans in a variety of scenarios to learn from each other,” Legwold said. “During the actual exercise we are planning to have a group of Nicaraguan emergency management officials present to observe the crisis planning and response phases. We anticipate learning a lot from them in the area of disaster preparedness and response.” The Wisconsin National Guard and the Nicaraguan military both have a very similar role in emergency management, supporting their respective civilian emergency management agencies sharing the responsibility to plan and respond to natural disasters and other emergencies that take place within their respective borders. “Helping Nicaragua develop its capacity to respond to natural disasters may be the most important aspect of our partnership,” Davison said. “The world saw the different outcomes between Haiti, a country that had very limited ability to self-respond in a major disaster, versus Chile that took great measures to prepare for major disasters. We want to make sure Wisconsin does everything it can to assist Nicaragua now in preparing for natural disasters that they are sure to face in the future.” “We appreciate the interest you have in our country,” Perezcassar said. “You’re always there during our most difficult situations and this visit is proof that Wisconsin has an interest in sharing their experiences, so we can learn from them when we’re affected by natural disasters.”last_img read more

Suffolk IT Commissioner Arrested for Misconduct

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York The Suffolk County information technology department commissioner was arrested for allegedly falsifying paperwork as well as lying to the county legislature about signing a $5-million computer software contract without approval, authorities said.Donald Rodgers pleaded not guilty Thursday at First District Court in Central Islip to a felony charge of filing a false instrument and two misdemeanor counts of official misconduct.“One charge of official misconduct accuses Rodgers of lying to the Suffolk County Legislature during questioning by lawmakers about whether he had signed an agreement with the Microsoft Corporation,” District Attorney Tom Spota said.  “Rodgers said ‘no’ and in fact he had signed it and lied to conceal this fact.”Prosecutors said that the second misconduct charge was for allegedly ordering a staffer to create a fake requisition number to place on an official Letter of Intent to purchase the computer licenses from Microsoft and Dell corporations.The felony count stems from his allegedly failing to disclose outside income in his position as president of his own computer firm, Red Dog Design Inc., on a County Financial Disclosure statement he filed with the county Board of Ethics.The 60-year-old Centereach resident, who County Executive Steve Bellone appointed in April 2012, made $139,943 last year, records show. That doesn’t include the outside income from his company.His attorney, Alan Abramson, told reporters that “county officials” were aware of his private company and the omission on the disclosure forms were an “error.” Rodgers declined to answer questions after being arraigned.Transcripts of the June 18, 2013 county legislature meeting show that when Minority Leader John M. Kennedy Jr. (R-Nesconset) asked Rodgers if the agreement had been signed when the commissioner offered the denial that landed him in court.But, three months prior, Rodgers ordered the fake paper trail “in violation of the standard acquisition process, and in violation of proper county procedures…with the knowledge that the agreement to purchase had not been budgeted, funded, or authorized by Suffolk County,” investigators wrote in court documents.Except in limited instances, government agencies are required to publicly issue requests for proposals asking companies to bid on contracts before choosing vendors, but Rodgers allegedly sidestepped that process.Rodgers was released without bail and is due back in court next month. Representatives for Bellone did not immediately respond to a request for comment on Rodgers’ employment status.last_img read more

Women in Tech: Diversity leads to better Innovation

first_imgA few years ago, in the audience at a local tech conference in my hometown of Charlottesville, Virginia (the home of Thomas Jefferson’s University of Virginia), I was joined by co-workers from the small app-development group where I was a partner and the only woman employee. The panel discussion was about how to attract tech talent to smaller communities, and was comprised of about five leaders from area tech companies. Not surprisingly, all men.During the Q&A, a woman sitting behind me asked what specifically their companies were doing to attract female tech talent. The silence was awkward, and their attempted answers were not great. I tweeted my chagrin.Immediately someone tweeted back to invite me to a women in technology happy hour that same evening. Turns out, it was the woman behind me who’d ask the great question, Kim Wilkens. She was starting Charlottesville’s Women in Tech (CWIT) group. I was all in. continue reading » 58SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

HHS offers states $1.2 billion for bioterrorism readiness

first_img To qualify for CDC grants, jurisdictions must file applications by Jul 15, according to the agency’s guidance document for the program. They will be notified of awards by the end of August, the document says. Four urban areas—Los Angeles County, Chicago, New York City, and Washington, DC—are allotted separate base grants of $5 million, plus population-based amounts. Their allocations range from $8.5 million for Washington to $38.9 million for Los Angeles. The number of biosafety level 3 laboratories increased from 69 in 2001 to 139 in 2005. May 23, 2005, CIDRAP News story “New federal bioterrorism funds tied to specific goals” The CDC grants are to be used to develop “emergency-ready public health departments by upgrading, improving, and sustaining their preparedness and response capabilities for ‘all-hazards’ public health emergencies,” HHS said in a news release. The goals of the two funding programs also include improving infectious disease surveillance and strengthening connections between hospitals and state and local health departments to enhance disease reporting, according to HHS. The money includes $766 million administered by the Centers for Disease Control and Prevention (CDC) and $450 million handled by the Health Resources and Services Administration (HRSA), both part of the Department of Health and Human Services (HHS). The deadline for applying for HRSA grants is Jul 1, according to HRSA spokesman David Bowman. Grants are to be awarded by Sep 1. All states now have detailed public health response plans, and 94% of states report they have exercised their response plan in the past year. See also: The CDC awards include funds to help cities equip themselves to quickly provide preventive drugs to masses of people in an emergency. The number of cities included in this 2-year-old program, called the Cities Readiness Initiative (CRI), is being doubled this year, from 36 to 72, according to HHS. The CRI money this year totals about $55 million, according to Roebuck. Last year the amount was about $40 million. The HRSA money is intended to help states increase their medical surge capacity and ability to handle “mass casualty” events, according to HHS. This includes increasing hospital beds, providing more isolation rooms, finding more healthcare workers, setting up hospital-based medication caches, and providing for mental health services, trauma and burn care, communications, and personal protective equipment.center_img The CRI program involves “enhancing each city’s dispensing plans with trained staff and developing and testing plans that include alternative means of delivery,” the HHS announcement says. “Known as mass prophylaxis, this effort is considered the top public health priority identified in the National Preparedness Goal.” The money can’t be used to buy drugs, which would come from the national emergency stockpile, said Roebuck. The CDC boasted of significant progress in bioterrorism preparedness in a bulletin posted last month on the agency Web site. The report cites the following improvements, to name a few: All states report they have plans in place for receiving and distributing drugs and supplies from the Strategic National Stockpile, and 98% say they have designated facilities for those tasks. Jun 9, 2006 (CIDRAP News) – Federal officials announced this week that about $1.22 billion will be made available to states and territories this year to prepare for bioterrorism and other public health emergencies, down from about $1.33 billion last year. The combined CDC-HRSA state allocations range from $6.14 million for Wyoming to $91.86 million for California. For the CDC funds, each state receives a base grant of $3.91 million plus an additional amount in proportion to population, CDC spokesman Von Roebuck in Atlanta told CIDRAP News. All states report having “24/7/365” capacity to investigate urgent disease reports. CDC guidance document for jurisdictions applying for preparedness grantshttp://www.bt.cdc.gov/planning/coopagreement/pdf/fy06announcement.pdf For comparison, the corresponding amounts announced last year were about $863 million in CDC grants and $471 million in HRSA grants. This year’s allocation is the fifth in a series of large federal outlays for public health preparedness that began in 2002. With this year’s funding, the CDC is also continuing a 2-year-old program to bolster infectious disease surveillance in states bordering Canada and Mexico, according to HHS. The amount allocated for the Early Warning Infectious Disease Surveillance program, as it is called, is $5.44 million, the same as last year. CDC fact sheet “CDC Makes Preparedness a Priority”http://www.cdc.gov/media/pressrel/fs060519.htmlast_img read more

Novatek, Fluxys in small-scale LNG development pact

first_imgIllustration purposes only (Image courtesy of Fluxys)Russia’s Novatek signed a memorandum of understanding with Fluxys to develop small-scale LNG projects in Europe. In addition, the two companies have agreed to join forces in developing LNG marketing in Europe and Latin America, optimizing LNG logistics, as well as other projects involving LNG.Speaking of the agreement, Novatek’s chairman, Leonid Mikhelson said it enable the company to develop new LNG markets as well as to increase the efficiency of its LNG projects, utilizing resource base on the Yamal and Gydan peninsulas.Pascal De Buck, Fluxys managing director and CEO added that small-scale LNG “ticks all the boxes to curb the carbon and health impact of heavy duty road transport, shipping and remote industry.”last_img read more

Manchester City hope China investment deal can prove a giant leap forward

first_img The deal – which values City at a total of 3billion US dollars, around £2billion – will see 400million US dollars (£265million) pumped into the City Football Group (CFG), after it sold the stake to a consortium of CMC (China Media Capital) and investment company CITIC Capital. Club insiders believe the investment deal will open up the vast untapped market in China in a way that no other top-flight side has so far managed. A series of tours of China by City is now expected, possibly starting as soon as next summer, and there are expected to be numerous other openings such as content and sponsorship deals. The income from the deal will not be used for a spending spree on new players however – a statement from CFG said the capital will be used by to fund its growth in China and other “international business expansion opportunities”. CMC chairman Ruigang Li will represent the consortium at CFG by becoming its seventh board member and believes there are “unprecedented” opportunities to break into the China market. He said: “Football is now at a fascinating and critical stage of development in China. We see unprecedented growth opportunities in both its development as an industry, being China’s most watched sport, and its inspirational role bringing people of all ages together with a shared passion. “With its unique business model and distinct successes, City Football Group, whom we have come to know well, represents a differentiated systematic approach to building a global platform for football know-how, player development, academy programmes and commercial partnerships that will benefit China’s football industry on multiple levels. We and our consortium partner CITIC Capital also see this investment as a prime opportunity for furthering the contribution of China to the global football family.” The deal sees new shares issued in CFG in addition to those owned by the Abu Dhabi United Group (ADUG), the investment and development company privately owned by Sheikh Mansour of the Abu Dhabi royal family. Prior to the investment ADUG was the sole shareholder of CFG which owns Manchester City, New York City FC, Melbourne City FC and is a minority shareholder in Yokohama F. Marinos. Khaldoon Al Mubarak, chairman of CFG, said: “Football is the most loved, played and watched sport in the world and in China, the exponential growth pathway for the game is both unique and hugely exciting. “We have therefore worked hard to find the right partners and to create the right deal structure to leverage the incredible potential that exists in China, both for CFG and for football at large.” Manchester City believe they have stolen a march on their Premier League rivals after their owners sold a 13 per cent stake in the club’s parent company to Chinese investors. center_img Press Associationlast_img read more