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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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Jose Mourinho announced as Roma’s new head coach

Top Italian football club, AS Roma, has appointed Jose Mourinho as its new head coach for 2021/2022 season.

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Former Tottenham Hotspur manager, Jose Mourinho has reached an agreement with AS Roma to become the club’s Head Coach for the 2021/22 campaign.

The Portuguese manager who was sacked in April after just seven months in charge due to Tottenham Hotspur’s poor performance has agreed to a three-year contract with AS Roma which will run till June 2024.

In the early hours of today, AS Roma announced that their current manager, Paulo Fonseca, would leave the club at the end of the current season. Hours later, they announced their agreement with Mourinho.

What Jose Mourinho said about the new appointment

“Thank you to the Friedkin family for choosing me to lead this great club and to be part of their vision,” Mourinho said.

“After meetings with the ownership and Tiago Pinto, I immediately understood the full extent of their ambitions for AS Roma. It is the same ambition and drive that has always motivated me and together we want to build a winning project over the upcoming years.

The incredible passion of the Roma fans convinced me to accept the job and I cannot wait to start next season.

In the meantime, I wish Paulo Fonseca all the best and I hope the media appreciate that I will only speak further in due course. Daje Roma!” he added.

This is Jose Mourinho’s second spell in Serie A after his famous two seasons spent in Inter.

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What Roma bosses are saying about Mourinho’s appointment

In welcoming the Portuguese coach to the team, club president Dan Friedkin and vice-president Ryan Friedkin said:

“We are thrilled and delighted to welcome José Mourinho into the AS Roma family.

A great champion who has won trophies at every level, José will provide tremendous leadership and experience to our ambitious project. 

The appointment of José is a huge step in building a long-term and consistent winning culture throughout the club.”

Tiago Pinto, Roma’s General Manager (Football) also pitched in, saying:

“When José became available, we immediately jumped at the chance to speak with one of the greatest managers of all time. We were blown away by José’s desire to win and his passion for the game: no matter how many trophies he has won, his primary focus is always on the next one. He possesses the knowledge, experience and leadership to compete at all levels.

We know that in order to build a successful sporting project it takes time, patience and the right people in the right positions. We are supremely confident that José will be the perfect coach for our project, for both our immediate and long-term future.

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Together with the vision and ambition of Dan and Ryan Friedkin, we will build the foundations of a new AS Roma.”

In case you missed it

Jose Mourinho was sacked 17 months into a three-and-a-half-year contract, after which he got a £16m compensation fee for being relieved of his managerial duties early in his contract.

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Sports

Spotify CEO, Daniel Ek insists he is ‘very serious’ about Arsenal takeover bid

According to reports, Daniel Ek is expected to submit his first bid which is in the region of £1.8billion in the next few days.

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Following Stan Kroenke’s role in failed breakaway Super League, there has been outrage and protests with fans calling for his exit from the club’s ownership.

At Arsenal’s last Premier League match against Everton on Friday, thousands of fans protested outside the Emirates Stadium brandishing placards that read #KreonkeOut. Social media was also awash with protesting fans.

Daniel Ek, CEO of Spotify, the Swedish audio streaming and media services provider, has expressed his interest in buying the London giants on his Twitter account saying he would be happy to throw his hat in the ring if the club owner would like to sell.

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“As a kid growing up, I’ve cheered for @Arsenal as long as I can remember. If KSE would like to sell Arsenal I’d be happy to throw my hat in the ring,” his account read.

Daniel Ek is a Swedish billionaire entrepreneur and technologist. He doubles as the Co-Founder and CEO of audio streaming service, Spotify. The company has more than 180 million users and boasts of more than 87 million paying subscribers. According to Forbes, his real-time net worth is $4.3billion.

However, on Tuesday, Stan Kroenke through his Kroenke Sports and Entertainment (KSE), said in a statement that he doesn’t have any intention of selling.

READ: There are only 15 black billionaires in the world, here are the top 10

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“In recent days we have noted media speculation regarding a potential takeover bid for Arsenal Football Club. We remain 100 percent committed to Arsenal and are not selling any stake in the club. We have not received any offer and we will not entertain any offer,” read the KSE statement.

In 2007, Stan Kroenke bought a 9.9% stake in Arsenal. Slowly, he built up his shares until it shot to 62.89% in 2011. Then, in 2018, he assumed full control of the club after Russian Alisher Usmanov, who has a net worth of $18.4 billion accepted his bid of £550million to buy him out.

READ: Football fans cashing out with Crypto as Juventus’ fan token rises by 596.98%

Ek’s ambition to buy Arsenal FC

According to reports, Daniel Ek is expected to submit his first bid which is in the region of £1.8billion in the next few days. He has also enlisted the support of club legends Thierry Henry, Dennis Bergkamp and Patrick Vieira.

In an interview with CNBC, he said he has secured the funds to complete the takeover.

“I’ve been an Arsenal fan since I was eight years old. Arsenal is my team. I love the history. I love the players. And of course, I love the fans,” he said.

“So as I look at that, I just see a tremendous opportunity to set a real vision for the club to bring it back to its glory. And I want to establish trust with fans and I want to engage the fans again.

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So, to answer your question, I’m very serious. You know, I have secured the funds for it and I want to bring what I think is a very compelling offer to the owners and I hope they hear me out.

READ: Jeff Bezos now worth over $200 billion

I’ve been a fan for 30 years of this club and I certainly didn’t expect that this would happen overnight and I’m prepared that this could be a long journey. But all I can do is prepare what I think is a very thoughtful offer and bring it to them and hope they hear me out.

I’m just focused on the club, I focus on the fans and I focus on trying to bring the club back to glory and as you said, I’m first and foremost a fan. That’s the most important thing for me and I want the club to do better – that’s my primary interest,” he added.

What Arsenal’s legendary coach, Arsene Wenger thinks about Ek’s ambition

In an interview, Arsene Wenger faulted the Swedish billionaire, Daniel Ek, for expressing his interest to buy the club saying he now has ‘a mountain to climb.’

He said, “For the project, the best deals are made when nobody knew about it and you come out and it is done.”

“Once you announce things, you have a mountain to climb after. Nobody wants to give in and I think it is better always if you do your deal, then when it is done you come out and tell people what you want,” he added.

Can Ek fund the move?

“His wealth actually has been misreported in recent days. I mean the exact detail is that he owns 8 per cent of Spotify and currently Spotify shares have actually fallen by 10 per cent on the New York Stock Exchange (NYSE) this afternoon.

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The company is currently valued at around $50bn, so he owns 8 per cent of $50bn – around $4bn to be precise. Now we don’t know whether he has got liquid funds in addition to that,” Sky News Business Presenter, Ian King said.

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