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first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Europe’s top clubs could take a 20 per cent to 25 percent hit to their enterprise values because of the “unprecedented crisis” caused by the COVID-19 pandemic.A study conducted by KPMG revealed this, taking into account players’ devaluation as well as the performance of the largest listed teams in recent months. It then compared this with KPMG’s data collected earlier in the year.“… KPMG’s forecast of the devaluation of the football sector at the top end of the market is between 20 percent and 25 percent, when compared with our recently published results of clubs’ EV as of Jan. 1 in 2020,” KPMG’s global head of sports, Andrea Sartori, said in a statement.“Having said that… peak devaluations for individual clubs can range from 15 percent up to 30 percent.“This depends on the strength of a particular club’s balance sheet, level of debt, structure of revenue mix and dependence on player trading activities.“Obviously, each club’s situation and EV impact will need to be assessed individually upon availability of their 2019-2020 financial statements.” The study estimated that the squad value of French champions Paris St-Germain could drop by 25.4 per cent after Ligue 1 was cancelled in April.That figure would have been around 18 per cent if top flight action had returned from its enforced break.The other four of Europe’s “Big Five” leagues – England, Spain, Germany and Italy – have all resumed their seasons, but matches are being held without fans present in stadiums.Spanish giants FC Barcelona’s squad value could fall from an estimated 1.136 million euros ($1.28 billion) in February to 903 million euros – down 20.5 per cent, the study added.Manchester United’s squad value could drop by 13.8 per cent, while that of Bayern Munich faces a fall of 15.8 per cent. Reuters/NAN.Tags: COVID-19DeclineEnterprise ValuesEuropeFootball Clubslast_img read more

first_img Latest posts by (see all) Latest Posts Donald Trump Jr. to host Holden campaign event – September 18, 2020 Bio ELLSWORTH — Dozens of paddlers competed in the Union River race on Sunday on the Union River.Competitors paddled from below the Graham Lake dam to the Ellsworth marina, where they had a potluck and feasted on mussels.The race raised $150. Proceeds are going to the Maine Heritage Orchard at the Maine Organic Farmers and Gardeners Association in Unity.Results are listed below. “K” indicates Kayak, “OC” indicates Open Canoe, and the number indicates the number of people per boat. The “Open” class consisted of one three-person canoe.This is placeholder textThis is placeholder textK1 long: Ray Wirth 43:06; Ben Randall 43:21.K1 short: Dan Baumert 55:00.K1 women: Leslie Gregory 1:00:55.OC2 Mixed Racing: Susannah and Jeff Owen 47:29; Angus Deighan and Abbey Verrier 48:21; Eve Dana and Bill Deighan 52:15.OC2 Mixed Rec: Fiona Hamilton and Chris Mares 1:09:43.OC 1 Rec: Chris Dalton 56:43; Mark Risinger 57:23; Jake Feener 57:35; Bob Hessler 1:03:27.OC1 Racing: Charlie Smith 51:11.OC 2 Women Rec: Tammy Kelley and Ander Thebaud 56:29.OC1 High School: Hannah Rubin 1:08:23.Open: Megan McOsker, Ava Drennan and Noreen Hogan 1:45:12. Real Estate Transfers Week of Sept. 17 – September 18, 2020 Drive-thru flu shot clinics scheduled – September 18, 2020last_img read more

first_imgA 72 year old Letterkenny musician was found swerving his car from one side to the other after playing a gig.Garda Shane Lavelle stopped John Sweeney at Mountain Top, Letterkenny after noticing his car taking both sides of the road. When he stopped Sweeney of Ballymaleel, Letterkenny, he refused to give a sample and was arrested.Solicitor Michael Shiels told Letterkenny District Court his client was a musician and was playing in a pub on the evening he was stopped by Gardai.“He hadn’t planned on drinking but he had the one and then another and it just escalated from there,” he said.Mr Shiels said Sweeney was an old age pensioner, his family had grown up and that his wife was in ill health.Judge Denis McLoughlin fined Sweeney €500 and banned him from driving for six years.EndsMUSICIAN, 72, FOUND SWERVING ACROSS ROAD IN CAR was last modified: March 14th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more