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Credit crunch cuts Oxford’s assets

first_imgA recent survey has concluded that estimates over £100 million of Oxford’s endowments has been lost due to the credit crunchThe survey has concluded that British universities will lose as much as 15% of their wealth as the economic recession lowers the value of land and shares.For Oxford, this figure would suggest around £102 million of the university’s £680 million would disappear. If a similar loss hit the endowments of the colleges, total losses could be over £500 million.A university spokesman said, “we believe the university has sound policies in place to mitigate the impact of any longer term declines. Higher education remains a vital investment for the future.”These setbacks come after Oxford embarked on a massive campaign for funding last year. This aimed to raise £1.25 billion to help the University compete with wealthy American rivals. Among the projects university administrators hoped to fund were the development of the old Radcliffe Infirmary site and new buildings for the Bodleian.University Vice-Chancellor John Hood said at the time that his team, “must significantly increase the University’s endowment.”It is unclear how much of the funding gained in the campaign will be cancelled out by the effect of the credit crunch.Oxford also had £30 million invested in the collapsed Icelandic banking system. It is uncertain whether this will be restored to the University.last_img read more

Sherwood: Delph can win Euros

first_img Press Association But Sherwood admitted he wanted to sign the 25-year-old when he was boss at White Hart Lane. He said: “I tried my best with Fabian. I really tried my best. I think there was a place for him there where he could have slotted in either side of Mason and (Nabil) Bentaleb. He’d cost too much money now, but he would have been a bargain then. “I bumped into his agent in London and told him that if I was still in charge, I’d definitely want him to come. He’s got more to show. When he goes past someone, he goes past them like they are not there.” Delph is likely to keep the captain’s armband when Villa host Swansea in the Barclays Premier League tomorrow with Ron Vlaar still out with a calf injury. Alan Hutton and Jack Grealish return from suspension but Aly Cissokho (groin), Kieran Richardson (calf) and Nathan Baker (knee) are out. And with the international break coming Sherwood hopes it will aid his walking wounded and their survival battle with 16th-placed Villa three points above the drop zone. “The break is great if we win on Saturday. It’s a long time to dwell on things if you don’t,” he added. “I like Swansea, they don’t worry about any other team. They go about it the way they do.” The midfielder returned to the Three Lions squad this week after missing out through injury in November. He has broken into Roy Hodgson’s side this season, winning three caps, after impressing despite Villa’s battle against relegation. England face Lithuania on March 27 in a Euro 2016 qualifier before going to Italy for a friendly and Sherwood believes Delph can be at the heart of their challenge next year. He said: “I’ve told Fabian he could be on the verge of something big. There’s competition there but he could be a big part of it. “Roy loves him. I spoke to Roy about him. When I was coming here I spoke to Roy about a few things. “Roy will stumble across a team that will win the Euros. He will, I tell you. They will win it. “There’s top talent there and we’ve not even mentioned players like (Tottenham’s) Ryan Mason. Now’s the time to start bedding them in. “Get them playing together and a bit of luck with injuries and I think we’ve got a really good chance. “A lot of them would play for any country across Europe.” Delph signed a new four-and-a-half-year contract at Villa Park in January, ending speculation over his future with his old one due to expire at the end of the season. Boss Tim Sherwood reckons Aston Villa star Fabian Delph can help spearhead England to Euro 2016 glory – and revealed he wanted to take him to Tottenham.last_img read more