Friday, 1 November 2013

PSG prepare €41m bid for Mata

The Blues are willing to listen to offers from abroad for the Spain international, who is concerned about missing out on selection for next summer's World Cup
By Greg Stobart

Chelsea star Juan Mata is ready to leave the club in January as big-spending French side Paris Saint-Germain prepare a bid worth €41 million for the playmaker.

THE VIEW FROM FRANCE
Naim Beneddra | Chief Editor Goal France

"Juan Mata is definitely the kind of midfielder who can bring more to this already star-studded PSG side. A few months ago we may have wondered where Mata could fit in, but with theplanned departure of Jeremy Menez and Javier Pastore, coupled with Lucas Moura's fitness struggles, there will certainly be a place for the Spaniard.

"Mata's technique and turn of pace with the ball at his feet would see him combine and complement the more 
imposing figures of Zlatan Ibrahimovic and Edinson Cavani."
The Spanish star started and scored in Tuesday’s Capital One Cup win against Arsenal but is unhappy under Jose Mourinho having again been left out of the starting line-up for key matches including last Sunday’s home win over Manchester City.

Mata is fearful for his place in the Spain squad for next summer’s World Cup in Brazil - and he is ready to quit Stamford Bridge in the winter as he goes in search of regular first-team football.

Chelsea are willing to listen to offers for the 25-year-old but will refuse to sell him to a Premier League rival, ruling out a transfer to Manchester United or Tottenham, who both tried to sign the former Valencia man over the summer.

Mata is happy in London and has publicly vowed to fight for his place and declared himself "happy" at Stamford Bridge. Behind the scenes, however, he is strongly considering his future, especially with no sign of  a new deal to improve on his €82,000-a-week contract which runs until 2016.

“I am happy at Chelsea. I have always felt the support of the fans - in every game, on the street - I have felt the love from them. I try to play for them, score for them and make them happy. We have great support," he told Talksport on Wednesday.

“I want to play as much as I can, but if you want to win titles you need 24-25 players ready to play. Anyone can play any game."



PSG are the leading contenders at this stage, with sources confirming to Goal that the Ligue 1 club tried to sign Mata in the summer and are preparing to return with a bumper bid in the new year.

Barcelona and Real Madrid have both ruled out bids for the midfielder, while Valencia’s precarious financial situation means they are unable to fund a move to re-sign their former star.

Mata has failed to establish himself in Mourinho’s plans this season, often settling for a place on the substitutes’ bench, especially in big games against Manchester United, Spurs and City.

Mourinho has cited Mata’s lack of defensive work as the main reason behind the Spain international’s frequent omission, with Oscar preferred in the No.10 role at Stamford Bridge.

Mata has been Chelsea’s player of the year in the last two seasons, and last term scored 12 goals and provided 12 assists in the Premier League alone.

Premier League: 10 things to look out for this weekend

Ten things composite
Joe Hart, Fernando Torres, Phil Jones and Martin Jol are all set for important weekends. Photograph: PA/Getty/Barcroft

1) A goalfest at the Emirates?

Liverpool used to enjoy their trips to Arsenal: five wins in eight seasons between 1993 and 2000, with only one defeat. But after Titi Camara's Celebratory Millennium Skitter at Highbury, they didn't triumph again in the fixture until Luis Suárez set the seal on a 2-0 win in 2011. But after that long wait, the recent trend is currently in their favour. That win forms part of a three-game unbeaten run for Liverpool at the Emirates, although how much one can read into the other two games, which featured a penalty equaliser in the 12th minute of injury time and thecomprehensive bottling of a seemingly unassailable two-goal lead from a position of dominance, is a moot point. Still, trends are trends, and while Liverpool are coming off the back of Suárez and Daniel Sturridge's masterclass against West Brom, Arsenal have lost their last two at home, albeit to Borussia Dortmund and Chelsea.
The fact that Liverpool's centre midfield, built carefully around the proud but slowly crumbling Steven Gerrard, doesn't quite have the requisite snap, despite the resolute efforts of Lucas and the increasingly impressive Jordan Henderson, might give the home side succour, especially if Aaron Ramsey and Jack Wilshere are in the mood to run at it. The fact that Arsenal's midfield is without the influential Mathieu Flamini, with the SAS in this unforgiving and upbeat mood, might give the Gunners nightmares. Try to call the result? No thanks! But there were four goals in this fixture last season. There's no reason why a similar tally won't be run up this weekend. SM

2) Aston Villa's luminous shirts

Aston Villa's luminous lime green kit won't take much looking out for this weekend, because it'll be very difficult to miss. Last season's away strip, the lurid shirt prompted a new terrace chant: "We're Aston Villa, we glow in the dark!" This season, the arresting attire has been relegated to third choice kit on the back of the contractual diktat from shirt manufacturers Macron that stipulates the club must wheel out new home and away kits each season. Villa's players get to wear it again at Upton Park this Saturday because the claret quarters in their away kit could clash with the identical colour in West Ham's home shirts and cause confusion among players, officials and supporters.
Whatever their attire, Aston Villa have enjoyed a lot more success on the road than at home this season, having won two, drawn one and lost one of their four Premier League games away from Villa Park. Against a West Ham side that has lost three of its four matches at the Boleyn Ground, Paul Lambert's Hi Viz army (you can have that one, travelling Villa fans) will fancy their chances. BG

3) Manchester United's defence: a new era?

Manchester United always used to use the League Cup as an opportunity to give a few squad members a much-needed run-out. Times change, of course, and while David Moyes doesn't yet have the capital to treat English football's third trophy with such reckless insouciance, the line-up he sent out against Norwich City on Tuesday, set alongside the one he selects at Fulham tomorrow, might prove instructive. Rio Ferdinand and Nemanja Vidic were the centre backs for the Capital One Cup, but Phil Jones and Jonny Evans are currently his preferred pairing in the league. The XI for Fulham could offer further evidence that one of the great partnerships is on its last legs. Few United fans would take issue with that decision, agreeing with a heavy heart. Many more, however, would object if Rafael, named alongside Ferdinand and Vidic in the "second XI" on Tuesday, is disposed with in the league. The best right back at the club, Rafael is popular enough with the support for such a decision to cause waves. If the rumours suggesting Moyes doesn't fancy him and is willing to sell are true, the manager might lose a fair bit of goodwill, a commodity he can ill afford to shed right now. SM

4) Can Sunderland build on last week's win?

Having seen off Newcastle with a thud-and-blunder performance that was more brave than bravura, it will be intriguing to see how Sunderland fare on their travels to the KC Stadium. Despite their long overdue first win of the season, Gus Poyet's side remain deep in the relegation mire but will fancy their chances of securing another three points against a Hull City side that suffered a wearying and dispiriting Capital One Cup defeat on penalties against Tottenham Hotspur on Wednesday night.
Sunderland, by contrast, have had the week off and will be jubilant after winning their second consecutive derby against their local rivals. Indeed, in an interview that may prompt the drug-testers to scurry to the club's training ground sample jars in hand, Gus Poyet has been busy describing the transformation in the mood among his players. "They have been on a high all week and that has been great, but by the end of Wednesday they had come down a bit," he said. "Thursday is about being calm and composed, and we turn our mind on Hull then for Friday."
In 10th place and having been cruelly robbed of a point courtesy of a ludicrous penalty decision at White Hart Lane last weekend, Hull's mellow has been well and truly harshed in the past week and Steve Bruce will almost certainly have payback in mind after being sacked by Sunderland in 2011. He has had made no secret of his bitterness over the decision to dismiss him and incurred the wrath of fans on Wearside by foolishly suggesting they had "Champions League" aspirations when, towards the end of his reign, they'd almost certainly have settled for paying to watch a team that demonstrated even half the fight shown by Gus Poyet's men last Sunday afternoon. BG

5) Will Martin be smartin'?

Here's a question, then. What exactly is Martin Jol doing that's so wrong? He's the manager of Fulham Football Club, and Fulham Football Club – forgive us, but much as we'd like the following not to be the case, we don't make the rules of modern football – aren't expected to win trophies, but merely survive. So while League Cup defeat to second-tier Leicester City is a bit of a pain in the trousers, it hardly represents a statistical outlier at a club without a major trophy to their name. Meanwhile the team are pootling along in mid-table, playing pretty and occasionally spectacular football, as poor old Crystal Palace will attest. There's a good chance Manchester United, three wins on the bounce, will be too good for his Fulham side this weekend. If so, and if the bookies are worth listening to, which they probably are, Jol could easily find himself out of a job, sacrificed in the pursuit of … well, what exactly? SM

6) How will Mike Dean fare at Cardiff City v Swansea City?

The decision to appoint Mike Dean to oversee this potential powder keg is a weird one. In 2009, the whistle-blower from Wirral was understandably shaken after being hit on the forehead by a coin thrown by some eejit during a Championship match between the two sides at Ninian Park. He went on to upset Swansea fans by awarding Cardiff City a penalty which Roberto Martínez, then the Swans' manager, unwisely described as an "emotional decision" made by the referee in order to appease home fans.
There is no suggestion that the unsavoury incident will influence Dean's officiating in any way during Sunday afternoon's encounter, but his presence will provide conspiracy theorists among both sets of fans a stick with which to beat him and others should any contentious decisions go against their team. In a match where tensions on and off the field are guaranteed to be high, the appointment of a different match official would have been more wise. Then again, perhaps all concerned have forgotten about that particular afternoon at Ninian Park; it was more than three years ago, after all, and it's not like a lot of football fans are renowned for their long memories, paranoia or willingness to hold a grudge. BG

7) Can Torres keep it going?

Fernando Torres was magnificent against Manchester City on Sunday, burning past Gaël Clichy on an embarrassingly regular basis, setting up one and scoring another. The performance came off the back of a two-goal showing at Schalke in the Champions League, and a recentpowerful display against Spurs, the plus points of which were kind of forgotten in the wake of his needlessly getting up in Jan Vertonghen's astonished grill. Tack on some important goals at the business end of last season's Europa League, and a Chelsea career that was beginning to look like a complete personal write-off (no, we're not going to count the medals) looks like flickering slowly into life. But if it's ever going to happen for the 29-year-old £50m man, it's now. His winner against City was his first league goal all year. All year! Another quick goal, followed by another, is vital if he's ever to build some proper momentum at Chelsea and revisit the belligerent brilliance of his peak years at Liverpool. Newcastle, a club at civil war, is as good a place as any to maintain it. Receiving good notices every now and then upon hinting at a return to form is no longer enough; the scoring tally has to keep ticking over. SM

8) Can stuttering Spurs make a statement?

Chelsea are the form team of the division – a perfect October, six wins on the spin – but Spurs aren't too far behind them. They've only failed to win three of their 15 matches in league and cups all season, losing just twice. It's a formidable record that sees them sitting snugly in fourth place, three points behind the leaders Arsenal. The fans aren't in carnival mode yet, though, as André Villas-Boas noted to his chagrin, and they have reason to be anxious, because the happy stats aren't everything. While the Big Book Of Hoary Old Football Platitudes states that playing badly but getting results is the mark of a good team, it's also true that scraping past the likes of Crystal Palace, Swansea, Cardiff and Hull will only get you so far. In the big games so far this season, Spurs have signally failed to impress: they lost to Arsenal, might have been defeated by Chelsea had Torres not launched the aforementioned concerted campaign of terror on Vertonghen, and were humiliated at home to the tune of three goals by West Ham, who didn't even bother playing a striker. Tottenham could do with making a bold statement, their first of the post-Bale era. And where better than at resurgent Everton, who have lost only one league game themselves, and have won the last three times these teams have played at Goodison. SM

9) Goals galore between Stoke City and Southampton

Stoke City have scored just twice in four Premier League matches at the Britannia Stadium this season, one fewer than they have conceded at home. This weekend's visitors, Southampton, have conceded an astonishingly paltry three goals in their nine Premier League games at home or away to date and kept clean sheets in five of their last six Premier League outings. A pragmatist could be forgiven for thinking there may not be many goals in this match and put their money on a scoreless draw (7-1) or 1-0 win for either side (Stoke: 7-1, Southampton: 13-2). Idealists, by contrast, might prefer to labour under the logic-free delusion that this trend for parsimony can't possibly continue and look forward to a 10-goal thriller. Hey, a weekly Premier League preview feature can dream. BG

10) Will Pantilimon take Hart's place?

All that there is to say about Joe Hart's career change from title-winning professional footballer to music-hall tumbling act has now been said. There's no point sticking the boot in while the man's down. Still, Manuel Pellegrini's teamsheet on Saturday at home to Norwich could be quite revealing. Selecting Costel Pantilimon in the Capital One Cup tells us nothing – he gets that gig anyway – but if the Romanian doesn't get a run-out against a side in the bottom three, at a stadium where City have scored 13 goals in four matches, in a fixture staged after the latest in a long line of egregious errors by Hart, he may decide once and for all that there's no point waiting around for something that isn't going to happen, and chip off in search of first-team action. If Pellegrini plays his hand badly, he could be looking for not just one but two new keepers very soon.

Arsène Wenger says Arsenal must not be distracted by Luis Suárez saga

The Arsenal manager, Arsène Wenger, maintains his players must not become distracted about what Luis Suárez might do for Liverpool at the Emirates Stadium on Saturday.
Had things turned out differently this summer, then the controversial Uruguay forward could have been leading Arsenal's attack, rather than netting six in the five games since returning to action for Liverpool from a 10-match ban imposed after biting Branislav Ivanovic.
Wenger, though, insists his team should focus on producing the required response following their midweek Capital One Cup defeat by Chelsea as they look to stay top of the Premier League.
He said: "Suárez is doing very well, but what is important for me is the players that play for Arsenal, not those who could play for Arsenal. What is very important tomorrow is the players who play against Luis Suárez."
Wenger continued: "I think our target is to have the ball and master the situation because we are dominating and we have more of the ball than our opponents – and if we have the ball a lot we do not need to worry too much about our opponents and that will be the target tomorrow."
Luis SuarezArsenal had a £40,000,001 bid for Liverpool's Luis Suárez turned down this summer. Photograph: John Powell/Liverpool FC via Getty Images
There had been some discontent among Arsenal fans at the thought of signing a player who also served a ban for racially abusing the Manchester United defender Patrice Evra in October 2011. Wenger, though, would have had no issues had the transfer been completed, with Liverpool rejecting a £40,000,001 offer which was expected to have triggered a supposed get-out clause.
"The player has been punished for what he did," Wenger said. "We have high moral grounds. We take information about the moral level of the player and when there is any moral restriction we do not buy the player."
Arsenal will have the midfielder Mikel Arteta back from suspension after his red card against Crystal Palace. Mathieu Flamini, who has impressed in midfield since his return to the club, remains sidelined with his groin problem as does Serge Gnabry (ankle), while Theo Walcott is still recovering from minor abdominal surgery. Wenger maintains his squad are determined to show their title aspirations are not unfounded with an impressive display against Liverpool.
"The mood is very strong, very united and very focused. We know where the priorities are, it is in the Premier League and the Champions League," he said. "We are in a strong position in the Premier League, that is why our mood is positive. We want to be and I think we are title contenders, and Liverpool as well. You have four other teams certainly, or five, who will be title contenders this year.
"It is a big game for us, massively important, but I don't worry about where the teams are [in the table]. Between the team who is 14th and the team who is eighth, there are two or three points. At the moment, the table has no real significance."

Barcelona set to join Lewandowski race

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Barcelona could go head-to-head with the likes of Manchester United, Chelsea and Bayern Munich for the signing of Borussia Dortmund striker Robert Lewandowski.

The Poland international is not prepared to sign an extension on his current deal, which expires at the end of the season, and is subsequently free to negotiate with other clubs from January 1.

European champions Bayern Munich had appeared to have won the race for his signature, but Barcelona may pounce if they discover he does not have a pre-contract agreement in place with the Bundesliga leaders, according to Sport.

The 25-year-old is widely regarded as one of the best strikers in Europe, having scored 84 goals in 148 appearances for BVB since joining the club in 2010, and is on the radar of the biggest clubs on the continent.

Calling all comedians: stop writing tetchy open letters to each other

Coogan, Mitchell, Webb and Brand
Coogan, Mitchell, Webb and Brand. Photograph: Getty
Although Lost in Showbiz doesn't really care to have the effluent of Fleet Street in the house, it is dimly aware that Steve Coogan's been in a bit of a bate with newspapers of late. The temptation to throw the baby out with the bathwater must be immense – and yet, if only the comic and actor would heed the wise words of Andreas Whittam-Smith, former editor of the Independent, who once observed that to write an open letter was an act of journalistic madness.
Last weekend, you may be aware, Coogan opted to respond to a column by the Observer's David Mitchell by writing him an open letter, also published in that newspaper. Mitchell consequently wrote an open letter of reply to Coogan, which was itself published in the Observer – at the very same time at which his frequent comic partner, Robert Webb, was engaged in another, unrelated act of open letterdom somewhere across town. Webb was displeased by something Russell Brand had written to readers in the edition of the New Statesman the latter guest-edited last week, and has written an open letter to Brand about it all, which is published in this week's New Statesman.
What a thrilling turn for the epistolary public life has taken! In fact, it is to be hoped that by 2019, all political debate in this country will be framed by various comedians writing frothingly cordial letters to each other.
Even now, some funnyman or funnywoman could be dipping a fountain pen in to the special open-letter ink, and preparing to join this esteemed fray, like the various unreliable narrators of Les Liaisons Dangereuses. "My dear Vicomte MacIntyre …" "I received your letter, Madame de Millican, but suggest on that contrary that …" "Would you do me the immense courtesy of having a word with yourself, Chevalier Carr?"
Before we move on to the detail of the various missive wars currently raging, it feels time to ask what on earth the open letter thinks it is. It is not really a letter at all, despite being framed as such, though it seems stagily anxious not to be seen as a column. In the end, perhaps, the biggest problem with the open letter is its condescending relationship with the readers. It does not purport to be addressed to them at all, you see, preferring instead the pretentious pretence that it is being sent over their heads. It affects not to attempt to engage them in the slightest, except perhaps in the role of admiring plebeian bystander. It's like some weirdly misguided op-ed equivalent of the fourth wall, with readers invited to press their miserable noses up against the glass and be grateful for the sight of two famous people indulging in some hot quill-on-quill action.
Perhaps in the age of Twitter, where pseudo-conversation between the well-known is increasingly public and performative, this is acceptable to some. To Lost in Showbiz, though, it looks like a bit of a famewank.
In the circs, it must be said that the open letter is not a million miles from that other essentially absurd and self-regarding piece of posturing, the newspaper column, of which – FULL DISCLOSURE – your correspondent types out three a week. (In fact there is only one column – it's a bit likethat episode of Bagpuss where the mice on the mouse organ claim to have a chocolate-biscuit mill, but in fact have only a single chocolate biscuit which they keep wheeling around the back before producing it again and claiming it's new product). But at least a newspaper column doesn't affect to be addressed to someone far grander than the people doing it the favour of reading it.
Still, on with the show, and a now-overdue recap of the disagreements in question. David Mitchell doesn't back the royal charter on press regulation, but Steve Coogan does. Meanwhile Russell Brand opines you shouldn't vote, and Robert Webb disagrees and says Russell's article on the matter made him rejoin the Labour party.
And so to the open letters. There were the obligatory tetchy air kisses. "I've been a big fan of yours over the years … you are consistently well above average," wrote Coogan to Mitchell, before observing that the column in question was not "up there with your most rib-tickling stuff. So I can only assume it's, er, what you actually think." "I just thought you might I might want to hear from someone who a) really likes your work," wrote Webb to Brand, "b) takes you seriously as a thoughtful person, and c) thinks you're talking through your arse about something very important."
"David, if your article were a schoolboy's essay," concluded Coogan, "it would score highly for style. But it would be covered in red ink with frequent use of the word 'sloppy', finishing with 'see me'."
Mitchell's response, it must be said, felt as reluctant as it was restrained, ending with a pointed: "I don't think you're insane to think [what you do] – I just don't agree." His comic partner took a rather more sledgehammer tack with Brand. "I'm aware of the basic absurdity of what I'm trying to achieve here," he wrote, "like getting Liberace to give a shit about the working tax credit." Like Coogan, he felt moved to mark Brand's work. "You're a wonderful talker but on the page you sometimes let your style get ahead of what you actually think … keep an eye on that … it won't really do." His signoff to Russell? "In brief, and I say this with the greatest respect, please read some fucking Orwell."
If it is unfair to pick out these faux-chummy digs as opposed to whatever was the substance of either man's argument, it is regrettably inevitable. The nature of the open letter form dictates that it is not the argument, but the cod-familiarity, the this-comes-from-a-place-of-love needling that ends up being most excruciatingly memorable thing about it.
As for the reader, maybe they are left marvelling how lucky they are to live in this golden age of comedians writing to each other, and allowing them a squiz. Or maybe they feel like adapting the old saw about eavesdroppers only hearing the worst of themselves, and observing that those forced to play the role of voyeur to an open letter only hear the worst of whoever penned it. Many who read Coogan or Webb's classics of the form might rather wish they hadn't, and could preserve a more flattering picture of the people whose other work they have long enjoyed.

RBS places troublesome assets worth £38bn in internal 'bad bank'

RBS chief Ross McEwan and chancellor George Osborne
RBS chief Ross McEwan and chancellor George Osborne at the bank's London headquarters
Royal Bank of Scotland warned on Friday that it was on course for a substantial loss this year, dashing any remaining hopes of a return to the private sector until after the 2015 election.
Announcing that £38bn of troublesome loans would be ringfenced within the bank, the new chief executive Ross McEwan heralded a "resetting" of the often fraught relationship with the Treasury – owner of 81% of the shares – and the Bank of England, which regulates the bank and is poised to impose tougher rules on capital.
McEwan who took the helm only a month ago after Stephen Hester was ousted in the summer, said he wanted to end the "weariness" and "defensiveness" that had crept into RBS. He is embarking on a review of all the bank's operations – including its troublesome Ulster operations in Ireland and the already-scaled back investment bank – which will be announced in February. He will accelerate the sale of the US arm, Citizens.
"The bar for RBS is higher than for any other bank because we got saved by the UK government," said McEwan. A highly critical report into its lending to small business found it turning away three out of every four applications for business loans and acting too aggressively towards customers in difficulty.
Unions feared a new wave of job cuts on top of 30,000 already axed since the 2008 bailout. Dominic Hook, Unite national officer, said: "Management claim that customer service is a priority for the bank and its reputation depends on it but RBS has cut staff numbers to the bone."
RBS shares were the second biggest fallers in the FTSE 100, down 7.5% at 340p – well below the 500p average price the taxpayer spent £45bn buying them for – after the bank reported a third-quarter loss of more than £600m.
Demonstrating a thawing of relations with the new boss, ChancellorGeorge Osborne was at the London office of RBS for the announcement of the result of the review he had commissioned into whether the bank should be split up.
The study by financial advisers Rothschild, estimated to have cost £9m, stepped back from a full break-up and creation of a "bad bank" suggested by senior figures such as former chancellor, Lord Lawson and former Bank of England governor Lord King.
Instead, about £38bn of troublesome loans – including £9bn from Ulster Bank – will be placed into a new non-core division to be known as the capital resolution division, which the bank aims to wind down in three years. This will mean writing off up to £4.5bn of problem loans in the next quarter – driving the bank to a "substantial loss" for the full year. But some £11bn of capital should be released as a result.
McEwan insisted the government had not forced RBS into the new-look non-core bank, saying it had to listen major shareholders. "If you were a hedge fund and had 81% of the business you'd want to be having good conversations," he said.
Commissioned following a recommendation by the parliamentary commission on banking , the review concluded the "effort, risk and expense involved in the creation of an external bad bank is not justified".A 150 page document published by the Treasury said creating bad bank would "do more harm than good".
Labour MP Pat McFadden, who sat on the commission, said the outcome "simply changes the name plate on what was already happening". Lord McFall, also on the commission, said on Twitter it was the "status quo w[ith] frills".
But Osborne said the bank was now set on a "new direction", to focus on the UK and small business lending and become a bank that would be "batting for Britain". A sale of the government's stake was unlikely to happen before the May 2015 election, Osborne said.
Sir Philip Hampton, RBS chairman who had previously indicated a sale could start next year, said that since its bailout RBS had pumped £15bn into Ulster bank, paid out more in compensation to customers and paid fees to the government which should be taken into account when assessing its share performance.
McEwan's aim is "to dispel any suggestions that RBS is travelling light on capital" at a time when the Bank of England is preparing to force all UK banks to hold more capital and more quickly than international regulations require. It is aiming for a 12% ratio in three years. The Treasury said the bank needed to "accommodate any additional headwinds which may adversely affect their capital resources, for example future costs of redress".
The bank took a fresh provision for payment protection insurance mis-selling of £250m – taking its total bill so far to £2.65bn, and admitted it was involved in new investigation into alleged manipulation of foreign exchange markets.
RBS is now in discussions about releasing the dividend access share that would have forced the bank to pay dividends – when it could afford them – to the government before its other shareholders.
An £8bn contingent capital facility which required the government to pump more money into the bank if its capital ratio fell is now being repaid a year early.

Why England should not waste another chance to build on World Cup success

Lawrence Dallaglio Retires From International Rugby
Lawrence Dallaglio: 'It’s only now under Stuart Lancaster that we see England taking a step forward.' Photograph: Daniel Berehulak/Getty Images
At around 3.15pm on Saturday afternoon a gaggle of increasingly middle-aged men will shuffle around Twickenham in celebration of the looming 10th anniversary of England's 2003 Rugby World Cup victory. Ten years? It does not feel like it, so familiar are the iconic images: Jonny's boot, Martin Johnson holding the Webb Ellis Cup, Manly beach, Trafalgar Square. Those were the days and English rugby smugly imagined they would never end.
So how should we categorise England's subsequent decade as they prepare to be reunited with Australia on Saturday? One Six Nations title, no grand slams, the odd relieving win here and there. That is pretty much it. For the world's wealthiest union, blessed with the highest number of adult players on the planet, it has been a frequent embarrassment. "We wasted the opportunity to build on that success," is the blunt verdict of Lawrence Dallaglio, England's World Cup-winning No8.
Most of his contemporaries concur with their still-combative ex-captain. England are finally perking up under Stuart Lancaster but old-timers still stare at the platoons of coaches and players involved since 2004 and wonder aloud how England's stairway to heaven in Sydney ended up down so many culs-de-sac. "There was no legacy from our win. We didn't pass anything on," laments Mike Catt, now reincarnated as England's attack coach. In terms of the senior team's mixed subsequent fortunes, it is hard to disagree.
As those who were there will tell you, the seeds of self-destruction were sown before England became champions. "I remember being at a meeting of whatever quango was in vogue at the time – I guess it was England Rugby Ltd – in June 2003," recalls Damian Hopley, the long-serving chief executive of the Rugby Players' Association. "It had been a classically dry, boring political meeting and, finally, we got on to any other business. I said I had a minor bit, namely what were we planning if England won the World Cup?" Very little, it emerged. When it happened, hardly anyone bothered about the morning after. "There's no doubt we were ill-prepared, as a game, to capitalise on that epoch-making success," concludes Hopley.
This, in fairness, was not a uniquely English problem. South Africa experienced a similar scenario in 1995 after Joel Stransky's drop goal had killed off New Zealand in extra time in Johannesburg. "I remember sitting with Louis Luyt [the South African Rugby Union's president] and Australia's Leo Williams on the Monday after the final," reflects Edward Griffiths, the chief executive of Saracens who, in a past life, was one of the architects of the remarkable 1995 World Cup. "Leo asked me what we were going to do and I told him we were planning to take the trophy around the whole country. He just said: 'You should get rid of half your squad.'
"It sounds a ridiculous thing to do but I now understand what he meant. The squad has achieved what it's going to achieve. Have the party and celebrate but don't do the lap of honour. South Africa were guilty of that and you could maybe argue England were as well. But in that period your team isn't moving forward. There is a process of renewal that should start fairly soon after winning a World Cup. There is a case for being pretty brutal."
The situation in England was exacerbated by a series of unfortunate events. Wilkinson was destined to be injured for years. Johnson never played for his country again. The side was on the wane even before its finest hour and, soon enough, the head coach, Clive Woodward, was gone as well. "There was almost a void of leadership," recalls Hopley. "In many ways that Johnno leadership figure has never really been replaced. Some outstanding captains followed him but he was such an all-encompassing force and presence on and off the field. It's bloody hard to fill those shoes."
Dallaglio, reunited with the trophy this week in his role as an ambassador for DHL, one of the 2015 tournament sponsors, also reckons the RFU should take their share of the blame.
"Whoever planned for England to go on tour to New Zealand and Australia in the summer of 2004 wants their collar felt. Having taken over as captain, I can tell you it was an extremely difficult tour. We'd been playing pretty much non-stop for five or six years. At some point someone needed to build in a rest period somewhere. You shouldn't be going from winning the World Cup to losing by 30 and 40 points to the All Blacks and Wallabies."
To make matters worse, the next crop of players were not quite as good as those they were replacing. Off-field uncertainty, club v country rows, jerry-built coaching combinations, poor selection, a lack of natural leaders and revenge-seeking opposition also played their part. To a degree a dip was to be anticipated – "It was almost inevitable that success created a monster," says Hopley – but its speed was depressing. "We all appreciate that success comes in cycles but it's only now, under Stuart Lancaster, that we've started to see an England team taking a step forward," suggests Dallaglio. "There seems to have been an obsession with undoing all the work Clive Woodward did in the buildup to 2003. I'm not sure why. He must have really upset people at the RFU."
Manu Tuilagi's idiotic ferry-jumping in Auckland in 2011 and the subsequent leaking of the toxic post-tournament review also underlined the fault-lines in the relationship between the players and the union. "At the time I felt the damage done was untold," says Hopley, incandescent at the way certain players were made scapegoats for the failings of others. "The lack of collaboration and Dunkirk spirit was appalling." Dallaglio was equally unimpressed. "In 2011, for whatever reason, the team lost its moral compass. Stuart Lancaster had to come in and rebuild from the very bottom up. It's terrible that you have to start your reign as England coach by reminding people what it actually means to play for England. That's not something you can ever imagine happening in New Zealand."
Perhaps even more profligate was the failure to hang on to those who, in 2003, were practically crawling over the walls of their local rugby clubs to practise their Jonny-style clenched-palm goal-kicking. "The groundwork hadn't been put in between 2000 and 2003," says Steve Grainger, the RFU's current rugby development director. "If tomorrow another 10,000 people go through the doors of your local supermarket and there isn't enough food because it hasn't been stocked up in advance, it's too late to do anything about it."
Participation wise, tellingly, there are now fewer people playing rugby – 190,000, according to the RFU's latest count – in England than there were in 2003, down from an estimated peak of around 255,000 in 2005.
While Grainger is now heading a concerted push to boost that figure to 215,000 by 2017, as well as recruiting thousands more coaches, referees and volunteers, Griffiths warns there is no short cut. "Developing the game is something that's really easy to talk about. The International Rugby Board are experts at it. When you break down what they actually do you'll see it's surprisingly little. Development in sport requires a kind of missionary zeal. It's not a normal job. You can do it to a six out of 10 standard pretty easily and collect your salary. Scoring nine out of 10 requires something more. Winning a major tournament strikes a match but unless you've got all the kindling in place it's not going to take off."
The RFU, accordingly, is determined history will not repeat itself.
On this same weekend in two years' time, Twickenham will host the 2015 final. The Sunday morning is already ringed in Grainger's diary. "If we want another 1,000 coaches on 1 November 2015 to coach our kids, there's no point waiting until then to train them. We need to take every possible step to ensure our clubs are as prepared as they can be. The potential is massive. That's the challenge and the slightly scary bit."
Among various initiatives is a desire to install Wi-Fi into more rugby clubhouses, on the basis that modern teenagers won't hang around long there otherwise. A World Cup on home soil is also a perfect opportunity to encourage more women to embrace the sport, both on and off the field. In terms of inspiring the next generation it promises to be English rugby's Olympic moment.
"I remember talking to Sean Kerly after GB won their Olympic hockey gold in 1988," says Hopley. "I think sales of hockey sticks went up 5,000%. There was definitely a golden moment. But after 2003 we were so busy navel-gazing and fighting club v country battles we missed all sorts of low-hanging fruit in terms of opportunities to improve the game."
The widespread view is that those lessons have finally been learned. Financially the RFU is in a position to build strong foundations for the future, as its healthy annual results, due out later this month, will testify. Lancaster, to his credit, has also made a point of reinforcing the "emotional glue" which connects the game in England at all levels. He is seeking to improve training facilities for his elite players, too, while seven wins in his last eight Tests have instilled precious confidence. Dallaglio reckons it is now up to the players to take more ownership of their own futures.
"I think more could be done off the field and that includes the players. You've got to make some pretty vital decisions in your life. Do you want to be remembered as the best player in the world or the best player in England? If it's the latter then carry on following your club fitness programme. If it's the former you've got to start making decisions based on what you want to achieve in your career.
"If England want to become the best side in the world they have to become the fittest side in the world. That's the starting point, so their fitness programmes should be designed by the national team, shouldn't they? They should be world-class, not simply compared to what is the best in the Premiership.
"It's about waking up in the morning and comparing yourself with the best players in the world, not just the best players in your own country."
They will be well rewarded if they can make that physical and mental leap. In 2003 the players earned around £70,000 per man for winning the World Cup, with sponsorship spin-offs on top. This time, it is understood each member of the 30-man squad will stand to pick up at least £150,000 apiece.
"My sense is that, while the England team may not have scaled those 2003 peaks again, rugby has been on a fairly strong upward curve in this country generally via the club game and the grassroots," says Griffiths.
Saturday should give us a further clue as to the future. As Dallaglio points out, the arranged marriage between the clubs and the RFU means player access is restricted and therefore "still not 100% geared towards the success of the national team." There is also the small matter of New Zealand, easily world rugby's current dominant force. "As we sit here it is difficult to look past New Zealand but no one is going to fancy playing the host nation," counters Dallaglio.
"Everyone keeps telling me England are in a tough pool but I keep telling them that Wales and Australia are in a very tough group because they've got to play England. England have got the players, I certainly believe that. They just need to be given the right environment to become the best in the world."