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10% of television rights put Barcelona on the right track

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10% of television rights put Barcelona on the right track

Barcelona (AFP)
Barcelona, ​​a Spanish football club in financial trouble, has agreed to sell 10% of its television rights from La Liga to the US investment fund “Sixth Street” for about 207.5 million euros over the next 25 years. The Catalan Club has announced.
“Through this process, FC Barcelona’s gross capital gain for the current season reaches 267 million euros,” Barcelona said in a statement.
If the two parties do not reach an agreement, Barcelona is expected to end the year with a “loss of 150 million euros”, according to Catalan Sports Daily Sport.
The Sixth Street Fund receives 10 percent of La Liga’s fees for TV rights.
Barcelona President Joan Laporte said: “We are implementing our strategy that requires patience, stability and performance to implement economic leverage and strengthen the club’s financial base.
In the same context, Alan Waxman, CEO of the US Fund, commented: “We believe in the strategy implemented by Jon LaBorda and FC Barcelona. We are proud that one of the most successful clubs in football has chosen us as its partner and provider of capital solutions.
The move to sell the TV rights was one of two financial levers approved at the Socios “Food Contributing Club” general meeting in Catalonia last week, which sought to quickly increase the club’s revenue and allow it to make deals next season.
The club can sell up to 25% of the proceeds from TV rights for a maximum of 25 years, so look for a buyer for the remaining 15%. Sosius also agreed to sell 49.9% of the club’s company BLM.
“Thanks to these measures, we will get the surplus funds back,” Laporta told Socios when asked for permission to carry out these operations.
“We will repay the loan fairly and we will be able to make the necessary investments to make our teams more competitive,” he added.
Sixth Street is cooperating with Barcelona after signing a preliminary agreement with arch-rivals Real Madrid last May for around மில்லியன் 360 million to operate the renovated Santiago Bernabeu Stadium.
Under the agreement, the Spanish champion will receive a 30% discount on future proceeds from future concerts and events organized at Sixth Street and its subsidiaries in Bernabeu, according to the Financial Times and the Spanish Special Press.

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Romarinho and Hamdallah lead Jeddah Union attack against Al-Fayha in Saudi League

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Romarinho and Hamdallah lead Jeddah Union attack against Al-Fayha in Saudi League


Arafa al-Daba wrote

Friday, September 29, 2023 04:53 PM

The group’s technical director Nuno Santo announced Jeddah Union The starting line-up will face its counterpart Al-Fayha this Friday evening at the King Fahd International Stadium in the eighth round of Saudi League competitions for the current season 2023-2024.

The union is constituted as follows:

Grohi, Philippe, Hassan Kadesh, Omar Hawsawi, Bamasaud, Cornado, N’Golo Conte, Fabinho, Muhannat Al-Shanqidi, Romarinho, Abdel-Razzaq Hamdallah.


Formation of Jeddah Federation

Al-Ittihad is at the top of the Saudi Professional League table this season with 18 points from 7 matches, where they have won 6 matches and lost one match.

Al-Fayha Club is ninth in the league table with 9 points this season, it has drawn 3 matches, won two and lost two matches.

Al-Ittihad will be looking for a win to continue at the top of the Saudi league, having held the title last season..

While Al-Fayha Club will try to get a positive result from the Al-Ittihad tournament, to improve its ranking in the Saudi professional league table..

Saudi Jeddah Union qualified for the quarter-finals of the Guardian of the Two Holy Mosques Cup, beating Al-Quluth 7-6 on penalties in the round of 32 of the competition..

Saudi Arabia’s Al-Ittihad Club are bringing back Brazilian Igor Cornado and Moroccan Abdel Razzaq Hamdalla, who have both returned from injury to train with the Tigers.



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The goalkeeper has returned to training with Neuer Bayern’s squad

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The goalkeeper has returned to training with Neuer Bayern’s squad

“CAS” postpones Valieva’s case … and hearings in November

Hearings in the doping case of figure skating competitor Kamila Valeeva have been postponed to November 9 and 10, the Court of Arbitration for Sport said in a statement on Thursday, after the panel of judges requested additional documents.

According to Reuters, Valeeva’s sample was positive for the banned substance trimetazidine at the “Russian National Championships” in December 2021, but the result was not announced until February 8, 2022, a day after she helped her team win a medal. Beijing Olympics.

The International Ski Federation appealed to the Court of Sports after a Russian investigation ruled he was not guilty of any doping-related offences, despite his admission that he had failed a test to detect a substance banned in the sport.

Valeeva claimed in her defense that the positive result of the doping test was the result of mixing it with her grandfather’s heart medication.

The statement said: “After submission of evidence by the parties, the panel requested additional documents and it was decided to adjourn the hearing to a later date to allow all to peruse these documents. To consider appeals.

“The hearings will be held in Lausanne on the ninth and tenth of November 2023, after which the panel will study the case and prepare its final decision.”

The International Olympic Committee allowed Valeeva to compete in women’s singles events despite her positive test, but said team competition medals would not be distributed until her case was resolved.

The USA won the silver medal, Japan the bronze and Canada fourth, ahead of Russia.

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The new postponement comes as a disappointment to the US team, which is still awaiting justice.

For her part, Tracy Marek, CEO of the US Figure Skating Federation, said in a statement: “U.S. Figure Skating is deeply disappointed by the news that the hearing has been postponed to the Court of Arbitration for Sport.”

He added: “We recognize the complexities of the case and the time demands of the legal process, with nearly 600 days of waiting, without reaching a resolution, undoubtedly another painful setback for our competitors.” He continued: “We emphasize the importance of transparency in this matter. “Because it affects our athletes a lot.”

On the other hand, the disciplinary committee of the Russian Anti-Doping Agency (Rusada) concluded that Valeeva had committed a violation for which she “cannot bear any fault or negligence.”

The International Skiing Federation is seeking a ruling from the Court of Arbitration for Sport to overturn Rosada’s decision, punish Valeeva and exclude its results.

The World Anti-Doping Agency (WADA) is seeking a four-year ban, as well as the exclusion of all Valeeva’s results from that date, and expressed some disappointment that the case was being postponed again.

WADA said in a statement: “Due to the confidentiality of the proceedings, WADA is not permitted to comment further on the postponement announced by the Court of Arbitration for Sport earlier today.”

He continued: “However, as it has done at all levels, it will continue to press for an early end to these practices.”

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With two goals, one of them by Morocco, and without Messi…Inter Miami lost in the Copa America final. game

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With two goals, one of them by Morocco, and without Messi…Inter Miami lost in the Copa America final.  game

Inter Miami lost 1-2 to Houston Dynamo in the US Open Cup final without injured Argentine star Lionel Messi.

Houston took control of the match from the start thanks to two quick goals from Griffin Dorsey (24) and Moroccan Amin Bassi (33 via penalty kick), before Inter scored a face-saving goal through Venezuelan Joseph Martinez (90+2).

Messi and his former Barcelona team-mate, Spaniard Jordi Alba, were absent, along with England co-owner David Beckham and their side’s short-lived second title after winning the League Cup last month. His former Real Madrid teammate in Florida was Frenchman Zinedine Zidane.

No clear reasons have been given for Messi’s absence and the extent of his injury, but he was previously reported to be suffering from “muscle fatigue”, while Argentina coach Gerardo “Tada” Martino spoke of the “repercussions” of an old injury.

“It wasn’t smart to play him,” Martino said after the match, “because we were taking a risk and we couldn’t even think about playing him for a few minutes.”

The former Barcelona and Argentina coach said he expects Messi (36) to play in Miami’s next five games in the American League’s regular season.

He added, “He will definitely play before the end of the league. We will follow each match individually and see how things go and whether the medical team can clear him to play without any risk.”

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