Wednesday, May 1, 2024

Vogon Today

Selected News from the Galaxy

StartMag

Cairo kicks Agnelli, Draghi squeezes Hope, Renzi d’Arabia, Confindustria whimpers, the government recoils on the school

3 years ago babelfish

Cairo kicks Agnelli, Draghi squeezes Hope, Renzi d’Arabia, Confindustria whimpers, the government recoils on the school

Super Lega, Cairo, Agnelli, Draghi, Renzi, Confindustria, Pnrr and more. Facts, names, numbers, curiosities and controversies. The tweets of Michele Arnese, director of Start

CONFINDUSTRIA PIAGNUCOLA ON PNRR

IRON DRAGONS?

DRAGONS WRITE HOPE?

DEEP RED

GOODBYE SUPER ALLOY?

THE FRANCO-GERMAN AXIS IN THE BALLOON

CAIRO SCALCIA LAMBS

THE VERB PALLONARO OF LAMBS

SUPER FLOP?

ARAB THINGS

ALT TO CONFLICTS OF INTEREST?

THE CAPRIOLE DEI SIGNORI CTS

RECOMMENDATIONS OF THE VACCINE

THE LAST RENZATA ACCORDING TO TOMORROW OF FELTRI

SICILIAN RENZATA?

THE MODERATE TUNES OF THE CENTER RIGHT IN LAZIO

5 STAR VOLTAGES

+++

EXTRACT FROM THE INTERVIEW OF THE CORRIERE DELLA SERA DI URBANO CAIRO IN CAIRO:

A strong Super League with a starting financial base of 3.5 billion. This is the fatal attraction.

“That's right, with this initial fund we intend to overcome the moment of economic difficulty that everyone is experiencing, some more or less, but totally disinterested in the common good, in the sufferings of others. There is no sense of responsibility, but a total lack of respect, despite being part of, for example, a Serie A league that has tried to face the moment made even more delicate by the terrible pandemic ».

Why did he scream at "betrayal"? Especially against Andrea Agnelli, president of Juve, leader of the Super League.

"The project that provided for the entry into Serie A of the funds in a media company had a base of 1.7-1.8 billion, money useful for the common good, also to overcome serious difficulties, an important financing for the relaunch of the same Serie A, which in recent years has lost competitiveness against other European leagues. Agnelli was part of the internal committee delegated to deal with the funds, he had an important role, of primus inter pares. All this required a change in the governance of the League itself. A laborious operation was underway. The committee of 5, which was born on 13 October 2020, had received the delegation of all the other companies. Suddenly the scene changed, despite the shareholders' vote that had supported the operation of the funds: Agnelli and the owners of Inter distance themselves from the funds. Now we understand why ».

The reason is the supreme interest of Juve, Inter and Milan for the Super League.

«We hear of negotiations between these 12 European clubs, almost all of them in debt, of secret meetings between Agnelli and Perez. This is bad faith, unfair competition. You have a delegation from the Serie A and meanwhile you are dealing with another front, to overcome your serious economic problems, your bad budgets, damaging the clubs that have given you a very specific mandate ».

President Cairo, he also attacked Marotta.

«He is federal councilor, with the delegation of the Serie A: he must resign. Agnelli has left the Eca. I expect a similar act from Marotta for the FIGC. So also Scaroni, president of AC Milan, who is coherent in terms of funds, however, because he has continued to support them, must resign as a Lega advisor. I respect Scaroni, but we need a step back ».

+++

EXCERPT FROM AN ARTICLE FROM THE SOLE 24 ORE ON THE FINANCIAL STATEMENTS OF SUPER LEAGUE CLUBS:

There are these unsuccessful figures behind the acceleration of the «Superlega» project decided by 12 clubs. Figures marked by Covid, which caused revenues to collapse in an already sick world, with costs for players and prosecutors out of control. "The current economic model of European football is increasingly unsustainable", observes Andrea Sartori, partner of Kpmg and "Global head of sports". His team has lined up the balance sheet data.

The push to create a richer pie available to a twenty club cream is motivated by the need to find fresh money to settle the accounts. At least in the short term, because in the medium term many expect that the greatest revenues will go to the players and their agents. Unless the system fails to introduce an effective cap on wages and operating expenses. An objective that was not achieved by the financial fair play introduced by UEFA in 2011-2012, suspended in 2020.

The heaviest balance is that of Milan, with the lowest operating revenues among the 12 teams (163 million) and the highest net loss, -194.6 million, the net financial debts are 104 million. Inter have a loss of -102 million on operating revenues of 293 million, with 323 million of net financial debt. Juventus has a net loss of -90 million on 401 million of operating revenues, with 390 million of net debts. Since Cristiano Ronaldo was bought in July 2018, Juventus' balance sheet has always worsened, while sporting results have not improved.

The team with the highest revenues is bad, Barcelona, ​​713 million, has a loss of -97 million and net debts of 318 million. The most indebted is Tottenham, 685 million, with revenues of 446 million and a loss of -73 million. The second for debts is Manchester United, 524 million, third for revenues, 580 million, with a loss of -26 million. Manchester City, 548 million in revenues, has a net loss of -143 million and 52 million in debt. Real Madrid, second in revenue with 681 million, has 170 million in net financial debt. Chelsea have the best balance sheet, 45 million in profits and a financial surplus of 19 million, the cash exceeds the debts.

+++

EXCERPT FROM AN ARTICLE FROM THE SUN 24 HOURS ON THE GREEN PASS:

The green certificate or "green pass" (as it will be called in Europe) immediately enters the pockets of Italians. A pass for those who are vaccinated or have had Covid which will last 6 months (only 48 hours in the case of a negative buffer) and which will allow them to enter concerts, football matches and above all will allow them to reach the red or orange regions. Because the new decree on Covid that the Government could already launch today provides that the color system based on the spread of the virus, with the official return of the "yellow" and "white" zone, will remain in force at least until 31 July when it expires also the state of emergency which will be extended again today by the council of ministers (see yesterday's Il Sole 24 ore). The green certificate will be issued by a national platform in the manner that will be decided by a specific Dpcm, in the meantime it will be possible to produce certificates issued by the ASL or by the family doctor (to certify vaccination or recovery from Covid) or the certificate the swab or the anti-gene test of the ASL or the pharmacy carried out 48 hours before and with negative results. These documents, however, must comply with some minimum requirements. Criminal penalties are also foreseen for those who alter the pass which will remain in force until the activation of the European platform, in which the national certificates will also be conveyed.

Here is one of the most anticipated innovations foreseen in the draft decree that will accompany the reopening calendar

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/cairo-agnelli-draghi-speranza-confindustria-renzi-scuola/ on Wed, 21 Apr 2021 07:02:40 +0000.