Connect with us
nairametrics

Sports

Football: Deadline day transfer deals

The transfer window was officially shut 11pm yesterday, although a domestic-only window will continue until October 16.

Published

on

Football: Deadline day transfer deals

In the 2019/20 summer transfer window, according to the Transfer market, Premier League clubs spent €1.6 billion on signings.

Some major signings being Harry Maguire to Manchester United for €87million and also Nicolas Pepe to Arsenal for €80million amongst other high-profile names. According to Sky Sports, the total expenditure edged last summer’s total by £158m – smashing the £1billion threshold for the fourth year running.

READ: EPL clubs to be fined £37 million each over suspension of matches

This season (2020/2021) summer transfer window, according to the Transfer market; Premier League spent €1.4 billion on signings, with notable signings like Kai Havertz to Chelsea for €80million, Ruben Dias to Manchester City for €68million. The total expenditure for this transfer window came short of that of last season by over €100million. Due to Chelsea’s transfer ban in the last window, they took in over €151million from player sales, and this window they spent over €247million on signings.

READ: Real Madrid set to make a fortune from Harzard’s signing

GTBank 728 x 90

Due to the COVID-19 pandemic, which appeared out of the blue and affected the availability of football fans at the stadium; the club’s finances dwindled because it largely depends on the fans to balance the revenues. Last season, some clubs lost over £700million and currently, clubs in the Premier League are losing £100million monthly. Due to the lack of funds, clubs focused more on loans with buy options, which is considered as a more feasible transfer strategy.

READ: Solskjaer sanctions Pogba and Lukaku’s €212 million sale amidst low budget

Clubs worldwide were unable to finance a permanent deal for big-name players due to their current financial strength; notably, the failure of Man United football club to get their no 1 transfer target, Jordan Sancho, as they fell short the required transfer fee by a whooping £30 million. Interestingly, over 50% of the transfer deals this window were loan deals with or without an option to buy. Players like Gareth Bale moved to Tottenham through the loan route with an option to buy.

GTBank 728 x 90

READ: Manchester United: A football club or a business

The transfer window was officially shut at 11 pm yesterday, although a domestic-only window will continue until October 16. Transfers between Premier League clubs will not be able to occur during this period, but top-flight sides can trade with EFL clubs and loan or sign players permanently up until October 16.

READ: How to access CBN’s N250 billion intervention fund for gas sector

Here is a list of signings on the deadline day;

Player From To Transfer Type Fee
1) M. Guendouzi Arsenal Hertha Berlin Loan
2) D. Costa Juventus Bayern Munich Loan
3)E. Choupo Moting Free Agent Bayern Munich Free
4)Oussama Idrissa AZ Sevilla Buy €12m
5)F. Chiesa Fiorentina Juventus Loan
6) Bouna Sarr Marseille Bayern Munich Buy €10m
7) T. Bakayoko Chelsea Napoli Loan
8) A. Telles Porto Man. United Buy €15m
9) C. Smalling Man. United As Roma Buy €15m
10) G. Deulofeu Watford Udinese Loan
11) T. Partey Ath. Madrid Arsenal Buy €50m
12) Amad Traore Atalanta Man. United Buy (To join by Jan.) €40m
13) T. Walcott Everton Southampton Loan
14) E. Cavani Free Agent Man. United Free
15) Raphinha Rennes Leeds Buy €17m
16) M. Cuissance Bayern Munich Marseille Loan
17) M. D. Sciglio Juventus Lyon Loan
18) J. Andersen Lyon Fulham Loan
19) Rafinha Free agent P. S. G Free
20) T. Adarabioyo Man. City Fulham Buy Und.

 

Jaiz bank ads

Fidelity ads
Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sports

NFF receives $1 million from FIFA as COVID-19 palliative

Nigerian Football Federation received the sum of $1 million from FIFA as COVID-19 palliative.

Published

on

The Nigerian Football Federation (NFF) has received the sum of $1 million from FIFA as COVID-19 palliative to support male and female footballers in the country.

This was disclosed by Amaju Pinnick in a statement confirming the receipt of the grant from the world football governing federation FIFA, which was seen by Nairametrics on his official Twitter handle.

READ: DEAL: Nigerian Breweries and NFF sign sponsorship agreement

He tweeted, “Huge appreciation to football’s world governing body, FIFA for the $1 million (one million dollars) the Federation has received in the frame of COVID-19 palliatives. The money was received by the Nigeria Football Federation and we re-confirmed the purpose from FIFA two days ago.

“It is imperative to note that, FIFA also sent $600,000 to the Federation for the FIFA Forward 2.0 projects in Binin-Kebbi and Ugborodo, which costs $300,000 each.

GTBank 728 x 90

READ: UPDATED: Nigeria received $1.29 billion capital inflows in Q2 2020, down by 78.6%

“This fund is a big boost for the mini-stadia projects in both centres, as it will fast track the completion of the projects slated for the end of March 2021.”

GTBank 728 x 90

Explore Data on the Nairametrics Research Website

What they are saying

Speaking on the receipt of the grant, NFF President said:
The $1 million for palliatives is composed of $500,000 for men’s football and $500,000 for the women’s game. FIFA has also promised to send the Federation an additional $500,000 sometime in January 2021, also as part of COVID-19 palliative efforts.

READ: Football: Manchester United net debt rises by 133% to £474.1million

Speaking of other grants, he added:
On the continent, we have received confirmation from Confederation of African Football (CAF) that the Federation will receive the expected $300,000 from the Confederation on or before Sunday, the 1st of November.”

Jaiz bank ads

With the $200,000, he added that the NFF has already ring-fenced from its sponsors’ funds for the purpose, “the coast will then be clear for us to start the disbursement of funds to the beneficiaries, as captured in our approved template, from next week.”

Fidelity ads

READ: MTN Nigeria posts N975.76 billion revenue for Q3 2020

Even though we are bolstered by the guidelines from FIFA strictly outlying the purposes of these funds as well as the approval of the NFF Executive Board, we will also interface with our auditors, PricewaterhouseCoopers, on each and every line item, to ensure the disbursements conform to global best practices.

The beneficiaries of the fund are expected to ensure 100% compliance to the guidelines, by ensuring that all funds are paid into designated accounts.

READ: Togo, Niger, Benin remit N2.04 billion to Nigeria for power supply

Continue Reading

Sports

UEFA to cut prize money for next 5 seasons due to financial impact of COVID-19

UEFA has decided to cut prize money for the Champions League and Europa League competitions due to the financial impact of the COVID-19 pandemic.

Published

on

UEFA to cut prize money for next 5 seasons due to financial impact of COVID-19

The Union of European Football Association (UEFA), lost £514million from the Champions League and Europa League last season due to the COVID-19 pandemic.

This led to reduced TV and sponsorship income, and as a result, it plans to cut prize money for club competitions – Champions League and Europa League, over the next five years (seasons) to offset the incurred losses.

READ: Football: AC Milan announces loss of €195million

According to The Times, UEFA wrote to its 55 member associations revealing the amount lost (£514million) due to the financial impact of the pandemic and its plans to cut the prize money for its two competitions.

By spreading the costs out to offset losses, competing clubs in the two UEFA club competitions (Champions League and Europa League) can expect a roughly 4-per-cent drop in Uefa prize money in each of the next five seasons.

GTBank 728 x 90

READ: Manchester United: A football club or a business

The 2019-20 Champions League and Europa League were on hold for five months (mid-March to August) when the pandemic wreaked havoc on the global sporting calendar, with the UEFA opting to schedule matches from the quarter-finals which were played as single-match knockout ties at neutral venues in Lisbon, Portugal (Estádio da Luz and Estádio José Alvalade).

DAZN, an English streaming platform terminated its rights deal for the UEFA club competitions (Champions League and Europa League) in particular places like South East Asia and Japan, the streaming platform cited the delay and the reduced number of matches (one-legged tie) as a reason for the termination.

GTBank 728 x 90

READ: Ajax FC’s shares fall by 21% after Champions League defeat

Telco Altice, a French multinational telecommunications corporation, which holds exclusive rights for the Champions League and Europa League in France, has publicly demanded its money back, due to the delay and reduction in matches played. Telco Atlice pays €350million per season for its rights to the two UEFA club competitions for the 2018-21 cycle.

READ: Messi emerges highest paid Sportsman on earth; here is how

Also, UEFA recently announced that financial services company – Mastercard, has renewed its Champions League sponsorship contract to continue through the 2021-24 cycle extending its 26-year partnership, dating back to 1994. The agreement also includes sponsorship rights for the UEFA Super Cup competition in 2021, 2022, and 2023.

Jaiz bank ads
Continue Reading

Sports

Football: Manchester United net debt rises by 133% to £474.1million

Manchester United recently announced its revenue for the fiscal year of 2019/20 ending in June 2020.

Published

on

Football: Manchester United net debt rises by 133% to £474.1million

English top-flight club, Manchester United, recently announced its revenue for the fiscal year of 2019/20 ending in June 2020. The club’s net debt increased by 133% to £474.1million from £270.5million. However, due to the economic uncertainty caused by the pandemic amidst fears of a second wave of COVID-19, the club has refused to issue revenue guidance for the 2020/21 financial year.

READ: Football: Lyon lost €36.5 million in the 2019/20 financial year

READ: Barcelona overtakes Real Madrid on biggest earners’ list 

READ: EPL clubs to be fined £37 million each over suspension of matches

This is according to KPMG Football Benchmark Club Finance and Operations Tool and club’s press release.

GTBank 728 x 90

READ: Football: AC Milan announces loss of €195million

What you should know

  • Manchester United’s net debt has increased in the fiscal year of 2019/20 to £474.1million, an increase of 133% compared to £270.5million in the previous year.
  • The club posted a cumulative revenue of £509million for the 2019/20 fiscal year which ended in June 2020 and also represents a nosedive of 18.8% compared to revenue of £627.1million in the 2018/19 fiscal year. This is also the lowest figure the club has recorded since the 2014/15 fiscal year.
  • Broadcasting revenue decreased from £241.2million to £140.2million, a drop of 42%. This was primarily attributed to an estimated £15.0m Premier League rebate due to broadcasters, broadcast schedule changes to the 2019/20 football season, non-participation in the UEFA Champions League, and the impact of playing two fewer Premier League away games.
  • Due to the impact of postponement of the Round of 16 Europa League home match and closure of non-match day operations in mid-March which saw Old Trafford shut down, matchday revenue decreased to £89.8million, a drop of 19%.
  • However, despite the losses, United’s commercial revenues remained resilient, posting an increase of 1.4% to £279m in the previous year.

READ: Roma on the verge of signing new deal with New Balance after premature termination with Nike

GTBank 728 x 90

READ: Chelsea FC posts N46.42 billion loss in 2019

READ: U.S. budget suffers a deficit of $3.1 trillion in 2020, as pandemic slams the economy

Manchester United’s Executive Vice-Chairman Ed Woodward said, “Our focus remains on protecting the health of our colleagues, fans, and community while adapting to the significant economic ramifications of the pandemic.

“Within that context, our top priority is to get fans back into the stadium safely and as soon as possible.”

Jaiz bank ads
Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Advertisement
Patricia
act markets
Advertisement
FCMB ads
Advertisement
IZIKJON
Advertisement
Fidelity ads
act markets
Advertisement
first bank
Advertisement
bitad
Advertisement
Stallion ads
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement