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Sports

Francis Ngannou’s payout of $580k can buy him 1.06 million units of Dangote Cement shares

The UFC fighter can opt to buy 1.06 million units of Dangote Cement Shares at the current price of N224 per share.

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Francis Ngannou on Sunday, became the undisputed UFC Heavyweight Champion of the world, after knocking out American mixed martial artist, Stipe Miocic, in the main event of UFC 260.

The championship bout saw him walk home with a Performance of the Night bonus of $50,000, after the second-round knockout of Stipe Miocic.

This, in addition to his match payout of $530,000 put his total payout from defeating Miocic in the 52-second mark of Round 2, at $580,000.

READ: Cristiano Ronaldo becomes first footballer to earn Crypto

His total match pay-out, when converted to naira, going with the official NAFEX rate of N410/$ stands at N237.8 million. With this huge sum, the UFC fighter can opt to buy 1.06 million units of Dangote Cement Shares at the current price of N224 per share which the company closed at today, at the close of market activities.

Other companies he can acquire stakes

His total match payout can also buy:

  • About 256,000 units of the issued ordinary shares of Airtel Africa Plc.
  • About 1.44 million units of the issued ordinary shares of MTN Nigeria Plc.
  • About 3.24 million units of the issued shares of BUA Cement Plc.
  • About 173,000 units of the issued ordinary shares of Nestle Nigeria Plc.

READ: Ex-Real Madrid Striker, David Barral becomes first-ever footballer to be bought with Bitcoin

In case you missed it: The Board of Dangote Cement Plc recently proposed a dividend of N272 billion to the shareholders of the company for the period ended December 31, 2020.

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This translates to a dividend payment of N16 per share for all the 17,000,307,404 residual issued and fully paid outstanding shares of Dangote Cement Plc.

In line with this, Ngannou’s total match payout can qualify him to earn a dividend of N14.84 million.

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READ: Cristiano Ronaldo: The billionaire businessman you probably don’t know about

What you should know

Ngannou’s emphatic win over Stipe Miocic makes him the third African born UFC Mixed Martial artist to hold the UFC Champion Belt, joining the likes of Israel Adesanya, the reigning and Undisputed Champion of The Middleweight, and Kamaru Usman the Champion of Welterweight division.

This makes the continent of Africa, the most decorated continent with UFC Champions, relative to other continents.

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Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

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    Sports

    Jose Mourinho to earn £16m From Tottenham sack

    This means the Portuguese manager will now have earned a total of £79million from just being sacked throughout his entire career.

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    English top-flight club, Tottenham Hotspur announced its decision to relieve Jose Mourinho from his managerial duties and his coaching staff which includes Joao Sacramento, Nuno Santos, Carlos Lalin and Giovanni Cerra. He was sacked 17 months into a three-and-a-half-year contract.

    Tottenham Chairman, Daniel Levy said the following in an official statement from the club: “Jose and his coaching staff have been with us through some of our most challenging times as a Club. Jose is a true professional who showed enormous resilience during the pandemic. On a personal level, I have enjoyed working with him and regret that things have not worked out as we both had envisaged. He will always be welcome here and we should like to thank him and his coaching staff for their contribution.”

    READ: European Champions, FC Bayern Munich taps into blockchain

    The club’s recent poor run of form is the major reason behind his sack. It was also reported that he had lost the dressing room. Tottenham Hotspur has suffered three defeats in their last six games and was also eliminated from the Europa League this season by Dynamo Zagreb after a comfortable 2-0 home lead in the first leg of the game.

    When rumours were all over regarding Jose Mourinho being relieved of his managerial duties, it was said that his compensation fee will be too much for the club to afford. According to The Independent, it is understood that the former Real Madrid and Chelsea manager will receive a £16m compensation fee.

    This means the Portuguese manager will now have earned a total of £79million from just being sacked throughout his entire career.

    READ: Manchester United announces Q2 2021 financial results, as net debt increases to £455.5m

    Mourinho received a compensation fee of £18m from Chelsea when he was sacked in 2007, which is five years before he also received a £17.5m payoff to leave Spanish giants, Real Madrid.

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    Mourinho was appointed as Chelsea’s manager again, he received £12.5m from the Blues when he left the Blues for the second time in 2015. He also earned £15m from Manchester United when he was sacked in December 2018. He will also receive £16m from today’s sack from Tottenham Hotspur.

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    A £250 million yearly payout too hot to handle for Europe’s biggest clubs

    UEFA has vehemently opposed the competition, which would obviously threaten the popularity and relevance of its own flagship competitions.

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    The football world was stunned late on Sunday evening when the European Super League announced its formation, with 12 teams from 3 European nations, namely England, Spain, and Italy confirming their participation, with no representatives from Germany and France.

    The founding teams are AC Milan, Arsenal, Atlético de Madrid, Chelsea, FC Barcelona, FC Internazionale Milano, Juventus, Liverpool, Manchester City, Manchester United, Real Madrid and Tottenham Hotspur. Three more teams will announce their participation before the end of the season while there will be 5 slots for qualifying teams.

    The clubs will play midweek fixtures while continuing to play in their national leagues.

    The ESL: A background

    The competitive nature of the leagues around Europe has meant that a number of top teams miss out on playing in the Champions League, thereby affecting their finances, as well as the ability to attract top talent. Teams such as Arsenal and AC Milan, will mostly benefit from this, as they have been out of Europe’s top competition for a while, although they are European superpower teams.

    The ESL offers a lucrative incentive: they won’t need to worry about qualification, which means that income is almost guaranteed. The Super League also offers a chance of regularly playing against the best teams on the continent, which will offer timely reminders on the gaps to the best teams, and also showcase in real time what needs to be done to close this gap.

    Different schools of thought

    The formation of the European Super League has been met with a lot of criticism by different sections of the football world, namely fans, pundits, the press, former players, as well as other stakeholders. The argument is that it favours the big clubs who will permanently be at the top table regardless of their final league positions.

    The other condemnation is that it takes away the excitement many small clubs enjoy from testing their might against the big teams. Gone will be the archetypal fixtures of “good” vs evil”, a scenario in which a modest club through sheer financial prudence can test itself against teams who have oligarchs in charge with an almost inexhaustible pool of resources.

    UEFA’s stance

    UEFA released a strongly worded statement about its opposition to the competition, which would obviously threaten the popularity and relevance of its own flagship competitions, the UEFA Champions League and Europa League. A part of its statement, also signed by the Premier League, La Liga and Serie A, reads, “If this were to happen, we wish to reiterate that we – UEFA, the English FA, RFEF, FIGC, the Premier League, LaLiga, Lega Serie A, but also FIFA and all our member associations – will remain united in our efforts to stop this cynical project, a project that is founded on the self-interest of a few clubs at a time when society needs solidarity more than ever.”

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    What the clubs stand to benefit

    In its inaugural statement, the ESL said that the new tournament would provide significantly greater economic growth and support for European football, as well as include uncapped solidarity payments, which would be substantially higher than those in the current European competition.

    Although the amount was not specified, it is believed that the amount will be expected to be in excess of €10bn (£8.6bn) during the “initial commitment period.” The founding clubs have also been promised a further €3.5bn (£3bn) for founding clubs to “support their infrastructure investment plans and to offset the impact of the COVID pandemic.” The Covid-19 pandemic affected the revenues of major European teams who rely on matchday revenues to augment other income streams.

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    The potential TV rights from the ESL is also an attractive proposition, as it hopes to generate €4bn (£3.5bn) annually from broadcasters, with the founding clubs taking the greatest slice.

    According to SkySports News reporter, Kaveh Solhekol, the European teams which make between £50-70 million a year from playing in the UEFA Champions League could be making as much as £250 million a year in the European Super League.

    Final Thoughts

    It is believed that the European Super League will not see the light of day due to stiff opposition from different quarters, but the groundworks have been laid already. If UEFA doesn’t try to make the big teams, who are the top draw of the competition, they would just become more disgruntled. It might not happen now, but it would, eventually. The incentives are too many to gloss over.

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