Women's AFL Player Can Hand-Pick Clubs Fischtown Penguins To Replace Freezers Executive Transactions More Than 15M Watch Euro 2016 Match German GP Unlikely To Happen In '17 Adidas Teams Up With Wanda Group Berlusconi Reportedly Agrees To Sale Judge Calls For Meeting With FIFA Goal Studios Shares Plan To Help Brands Univision, FS1 Set Records
SBD Global/January 30, 2014/FranchisesPrint All
Barcelona is "secretly negotiating a compensation payment to DIS, the company that held 40% of the 'rights' to Neymar before he was signed by the club," according to Marco Ruiz of AS. According to "sources close to DIS," Barcelona has offered to pay €8M ($10.9M) -- however DIS wants €20M ($27.3M) if "they are not to take Neymar’s father to court." DIS said that Neymar's father sold the player's rights twice, "which is a criminal offence" -- once to DIS and "also to Barcelona, who now have both a moral and contractual obligation to do something." Barcelona has an obligation because "the club signed a clause stating that they would cover any possible economic loss arising from a claim by DIS." Before Neymar's transfer was signed, "DIS sent two lawyers (without prior appointment) to the Camp Nou." Those lawyers "wanted to explain to Rosell why they should be negotiating their 40% holding directly with them." But Barcelona "refused to speak to them" and DIS then "refused to sign the transfer, which was only signed by Santos and Barcelona" (AS, 1/29).
La Liga side Valencia's lender, Spanish bank Bankia, is "very satisfied" with Valencia majority shareholder VCF Foundation "wanting to lead the process of selling the club." A Bankia spokesperson said, "Since the arrival of the new bidders, Bankia always communicated to them that selling to a qualified and solvent investor that would contribute a socially, athletically and economically viable project was the best option" (EFE, 1/29). ... English cricket club Warwickshire has announced a small profit of £4,500 for the '13 season. This compares to the loss of £668,000 it suffered in its County Championship-winning year in '12. Warwickshire's turnover increased by £222,000 to £11.74M, while the county's primary profitability measure, EBITDA, increased by 90% from £755,000 to £1.4M (BBC, 1/29).