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Bayern doctor launches scathing attack on Guardiola

first_img0Shares0000Bayern Munich’s club doctor wrote that Pep Guardiola took the club “backwards” and has “low self-esteem” © AFP / CHRISTOF STACHEBERLIN, Germany, Mar 14 – Pep Guardiola has been slammed in a scathing attack by Bayern Munich’s high-profile team doctor, who said the Catalan took the German club “backwards” in some aspects of their training.In his autobiography, which is being serialised this week in newspaper Bild, Hans-Wilhelm Mueller-Wohlfahrt described current Manchester City boss Guardiola as someone with “low self-esteem who does everything to hide it from others”. “Guardiola is often portrayed in the media as an innovative, if not revolutionary, coach, but at Bayern Munich he turned the clock back,” wrote Mueller-Wohlfahrt.“It even went so far as to turn our medically thought-out, well-rehearsed warm-up programme on it’s head before training sessions.“I think Pep Guardiola is a person of low self-esteem.“He seems to live in constant fear, not so much of defeat, but much more about any loss of power and authority,” Mueller-Wohlfahrt added.The 75-year-old Munich-based doctor has worked with a host of stars including sprint legend Usain Bolt and Germany’s 2014 World Cup winning squad.Mueller-Wohlfahrt had a stormy relationship with Guardiola, Bayern’s head coach from 2013 until May 2016 in which he won three consecutive Bundesliga titles.The pair fell out in April 2015 when Mueller-Wohlfahrt claims he was verbally attacked by Guardiola after a Champions League defeat in Porto which saw the doctor resign from his Bayern duties.“While the players were still being treated, I was loudly attacked in front of the assembled team and made responsible for our many injuries,” Mueller-Wohlfahrt wrote.“I was to blame for the physical condition of the players and ultimately for the defeat.“I felt deeply hurt. I resigned as team doctor of FC Bayern Munich after 38 years.”Mueller-Wohlfahrt, who returned to work with Bayern following Guardiola’s departure in 2016, says the Spaniard was “upset every time a player had to come off with a muscle injury.”“After the successful 2012/13 season, then came Pep Guardiola and he knew everything better,” said the German.“Five minutes warm-up in a rush – that had to be enough.“I simply could not reach Pep Guardiola with the way I think and work.“Whenever I wanted to talk to him, he immediately turned away and walked away.“The tensions between us increased over the months.“Every time I helped a player off, because of a muscle injury, the coach was angry.“‘That’s ridiculous, he could continue to play’, was what he meant.”0Shares0000(Visited 1 times, 1 visits today)last_img read more

SEC may probe stock sales by Countrywide’s Mozilo

first_imgNEW YORK – Countrywide Financial Corp. said Thursday its mortgage fundings for September fell 44 percent from the same period a year ago, and the mortgage lender is now facing a potential federal investigation over the timing of stock sales by its chief executive. Countrywide, the nation’s largest mortgage lender, said total mortgage fundings last month fell to $21.2 billion from $38.1 billion a year ago. The steep decline in volume comes as the Calabasas-based company makes a shift to originate traditional, conforming loans instead of more risky, nontraditional loans like subprime mortgages. Countrywide previously packaged the majority of its loans as securities and sold them to investors in the secondary market. During the past few months, rising delinquency and default rates have caused demand for these securities to all but dry up, especially subprime loans. The collapse of the secondary market, coupled with the deteriorating housing market, has led to a steep drop in mortgage origination volume nationwide. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.Housing foreclosures nearly doubled last month, according to real estate information firm RealtyTrac Inc. A total of 223,538 foreclosure filings were reported in September, up from 112,210 during September 2006. Conforming loans – which now account for about 90 percent of Countrywide’s volume – are considered safer because government-sponsored Fannie Mae and Freddie Mac are willing to purchase them, and typically these loans are less likely to default. The reduction in nonconforming loans was not much of a surprise, but the speed at which Countrywide shifted its production to fit Fannie and Freddie guidelines was faster than anticipated, Friedman, Billings, Ramsey & Co. analyst Paul Miller said. To cope with the weakening market, Countrywide cut 4,935 jobs in September as part of plans to reduce its work force by 12,000 jobs, or about 20 percent. A larger reduction may be required, Miller said. Nonconforming loans previously represented about 40 percent of origination volume. With that production nearly gone, job cuts may need to be between 30 percent and 40 percent, Miller said. Countrywide’s shares have fallen nearly 56 percent since January, and the company may now be facing an investigation from the Securities and Exchange Commission into the timing of stock sales made by Chief Executive Angelo Mozilo. North Carolina State Treasurer Richard Moore, in a letter to SEC Chairman Christopher Cox, claims that Mozilo “apparently manipulated his trading plans to cash in” as the subprime crisis was heating up. Moore cited reports that Mozilo was unloading 4.9 million Countrywide shares worth more than $138 million between November 2006 and August 2007. Last week, Countrywide announced Mozilo plans to sell more shares under a prearranged trading plan that began Monday and ends today. SEC spokesman John Nester declined to comment and would not say whether the agency was examining or planned to examine Mozilo’s stock trades. Countrywide did not immediately return a call seeking comment on Thursday. In the meantime, Miller expects Countrywide’s production to remain well below last year’s figures, but stabilize in the coming months. As of Sept. 30, Countrywide had $42 billion in its mortgage pipeline – loans in progress that it has yet to fund. Last year, Countrywide had $65 billion in its pipeline. Shares of Countrywide fell to $18.28 in Thursday trading.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more