PSG, Barca and Man City highlighting two-tier finances in football

Barcelona present new signing Philippe Coutinho at the Camp Nou. (REUTERS)
Updated 08 January 2018
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PSG, Barca and Man City highlighting two-tier finances in football

LONDON: Last August, Paris Saint-Germain committed to spending €402million ($418 million) on the transfer fees of two forward Neymar and Kylian Mbappe. In a trio of deals concluded between the last week of August and the first week of January, Barcelona committed to spending €407 million on transfer fees for Ousmane Demeble and Philippe Coutinho plus a signing bonus for Lionel Messi.
In among those five transactions were at least three world records (highest transfers fee for any footballer and a teenage footballer, record signing-on fee), three La Liga records (one record fee out of Spain’s top tier, and two in), and one Premier League record (highest fee in or out of England).
Qatar-owned PSG spent more in a single window than any club ever, yet were working on over another €100m worth of deals for AS Monaco midfielder Fabinho and Atletico Madrid goalkeeper Jan Oblak before Financial Fair Play cooled their enthusiasm. Had Abu Dhabi-owned Manchester City not been beaten to the punch on Mbappe and signed the France international themselves they would have retained that single-window high watermark. As it was City inflated the Premier League record for commitments on transfer fees to €282 million — and had a deadline-day deal agreed for Alexis Sanchez that would have extended that summer bill to €350 million.
To put the numbers laid down by Barcelona, PSG and City into context, in the three windows following Jose Mourinho’s appointment as manager Manchester United’s total commitment to transfer fees was ‘just’ €382 million, according to figures published by the CIES Football Observatory. United led Deloitte’s 2017 review of club revenue with record annual earnings of €689 million.
In some ways, Barcelona’s response is the most interesting. Embarrassed, infuriated and unnerved by PSG’s use of a release clause to forcibly extract Neymar from them, Barca’s board reacted in three ways.
First, it lobbied UEFA over FFP, banding with other established clubs to have the governing body warn PSG over state-funded excess. Second, it threw unprecedented sums at a new €35 million net basic salary (and €100m signing bonus) to ensure Lionel Messi did not walk out for one of the Gulf-state clubs. Third, it dived into the transfer market to buy Dembele and Coutinho at prices of €105 million plus €42 million of variables and €120 million plus €40 million respectively.
Dembele is 20 and Coutinho 25, both exciting attacking talents. Yet, many professional analysts argue that Barca have overpaid on both — particularly the young France international who infamously fouled up his official presentation by twice losing control of ball he had been asked to juggle for the cameras.
With Coutinho, Barca twice allowed the fee to balloon to levels they had initially indicated they would not pay. €160 million was a figure Liverpool said they would sell the Brazilian for before the end of the summer window, while asking the Catalans for time to secure a replacement. (Liverpool bid for AS Monaco’s Thomas Lemar, only to be gazumped by a deadline-day offer from Arsenal.)
As recently as December, Barca’s stance was that they were not ready to go above €100 million for Coutinho and had grown tired of Liverpool’s refusal to “negotiate in reasonable terms.” If that was no more than a negotiating stance of their own, the asking price climbed another notch when Nike released an online advertisement stating that “Philippe Coutinho is ready to light up Camp Nou” before the transfer was complete.
Nike sponsors both Barcelona and Coutinho. It is understood that the sportswear wanted another of its cadre of elite footballers to fill the space alongside Adidas-affiliated Messi vacated by Neymar, another Nike ‘name’. There is even a suggestion in the Catalan capital that Nike provided additional funding, via Coutinho, to get the transfer over the line.
Its ramifications ripple on through the system. Last January, the entire Premier League spent £215 million ($291 million) on transfer fees. In the first week of the 2018 window, Liverpool have completed one purchase and one sale worth a combined £216 million. They have agreement from Lemar to join them should Monaco consent to sell the France international for what is expected to be a fee of €90 million. Liverpool are also looking at adding more money to the €65 million already committed to Leipzig to bring forward the transfer of Naby Keita.
Serious money for a ‘stepping stone’ club that is verging on three decades without a League title. Yet in comparison to Barca, PSG and City still decidedly second-tier.


‘He earned it’ – Monica Puig lends support to fellow Puerto Rican Bad Bunny ahead of Super Bowl halftime show

Updated 6 sec ago
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‘He earned it’ – Monica Puig lends support to fellow Puerto Rican Bad Bunny ahead of Super Bowl halftime show

  • Retired tennis star speaks to Arab News in Abu Dhabi about the backlash surrounding Bad Bunny’s performance, the fandom around Alex Eala, and the 10-year anniversary of her Olympic triumph

Retired tennis player Monica Puig has voiced her support for fellow Puerto Rican Bad Bunny ahead of his upcoming Super Bowl halftime show, and admits it’s been difficult to witness the backlash against the NFL’s decision to select him to perform in Sunday’s showpiece.

Puig, who made history in Rio 2016 by becoming Puerto Rico’s first-ever Olympic gold medalist, had been working as the stadium presenter and MC at the Mubadala Abu Dhabi Open tennis tournament in the UAE capital this past week.

The 32-year-old cannot wait to watch her compatriot light up the Super Bowl 60 stage and is disheartened by the controversy that has been created around his upcoming performance.

“I'm getting off of a 15-hour flight tomorrow and I will be turning on the TV to watch Bad Bunny, Benito, or as they call it the ‘Benito Bowl’,” Puig told Arab News in Abu Dhabi on Saturday.

“It's been a really controversial moment, which has been hard to see because being from Puerto Rico, it is an American territory; it is part of the United States. And people have really said they wanted an American artist [to perform at the Super Bowl] when we are an American territory.

“We have a U.S. passport, U.S. currency, everything. We are part of the United States. The only thing that we cannot do is vote for the president. But we are essentially part of the U.S.”

Bad Bunny, Benito Antonio Martínez Ocasio, has been the most streamed artist on the planet in four of the past five years and the NFL is looking to bank on his mega popularity to expand their global reach.

But some in the United States aren’t happy that the Super Bowl halftime show will be performed in Spanish and others have criticized Bad Bunny’s public stance against the actions of Immigration and Customs Enforcement (ICE), which prompted him to skip the U.S on his latest tour in order to protect his audience.

Last week, Bad Bunny became the first artist in Grammy Awards history to win Album of the Year with a Spanish-language album, receiving the honor for Debi Tirar Mas Fotos.

He won three awards that night, taking his total Grammy tally to six, and when accepting one of them, he said, uncharacteristically in English: “ICE out! We’re not savage, we’re not animals, we’re not aliens. We are humans and we are Americans.”

Puig has personally met Bad Bunny before and is certain his performance is going to be “a treat”.

“He's earned it. Album of the Year; his album has resonated with all of Puerto Rico. It has even made a big international impact,” added Puig, whose first dance at her wedding was to the Bad Bunny song ‘Ojitos Lindos’.

“People who don't know Spanish love his album. And like he says, it doesn't matter if you don't even know Spanish, just learn to dance and you will enjoy. He is a great showman.

“He loves Puerto Rico with all of his heart and it's really great to see that the things that I feel for Puerto Rico and the things that I feel for my country, he feels as well. And I think we all do.

“All Puerto Ricans can pretty much resonate with that. So I'm going to be watching. I already told my husband we are going to order pizza. We are going to sit down. We are going to watch this performance because it's going to be just... I wasn't able to go to his concert because I was pregnant. I wanted to go back to Puerto Rico to watch. So for me, this is going to be a treat.”

Puig, who lives in Atlanta with her husband Nathan Rakitt and their six-month-old daughter Mila, understands everyone is entitled to their own opinion but wishes people can see the commonalities between us all as humans, rather than the things that divide us.

“It's been quite tough to see the divide because I don't think I've really seen so much pushback on many things. I mean, we have seen Latinos perform at the Super Bowl. We've seen Shakira. We've seen so many different faces and voices take the stage that are not American,” she said.

“To be able to see that kind of pushback, it's been a little puzzling. And for me, it is what it is. We're not going to change what's going on. We're not going to have any impact on what people say.

“And that's their own opinion. Everybody's entitled to their opinion. But I know that I am a 100 percent fan.

“We all have to love and embrace one another. Just because we are from somewhere else, just because we speak a different language doesn't make us any different. We are human. We put our shoes on one foot at a time and we all have dreams, ambitions, goals. And that's the most important thing.”

A ‘wild’ week in Abu Dhabi

Dreams, ambitions and goals were on full display in Abu Dhabi this week, where Puig had a front-row seat to the phenomenon that is Alex Eala.

The young Filipina has risen to rockstar status back home as she’s made her way into the top 50 in the world rankings and she drew capacity crowds in the UAE capital for every match she played across singles and doubles.

In doubles, she partnered another groundbreaking southeast Asian in the form of Indonesia’s Janice Tjen.

Both players are making history for their countries every time they step on a tennis court.

Puig knows a thing or two about making history and has some advice for the likes of Eala and Tjen.

“I think to enjoy it, embrace it,” she said.

“It also is a big responsibility because you are pretty much the face for your country. And I know the Philippines has had success in other sports, but Eala now being the face of tennis, Filipino tennis, and Janice Tjen for Indonesia.

“It's really great to see these players coming from their countries and making a big boom. And to see their fan base also follow them is something really cool because it doesn't matter if they know tennis, they don't know tennis, they show up for their countrywomen. And it's really been super exciting to see, especially here in Abu Dhabi, a lot of Filipinos here, a lot of Indonesian fans in here. So it's been a pretty remarkable week.”

Puig described the atmosphere during Eala’s matches as “absolutely wild” and said it reminded her of her own experience competing at the Rio Olympics en route to the top of the podium.

“They were just loud. They were so passionate and they were really trying to encourage Eala to win. And you saw that they were just suffering along with her,” she added.

This year marks the 10-year anniversary of Puig’s Olympic triumph.

Asked to reflect on the standout moment from her run in Rio, she said: “I think the biggest moment for me was seeing back home the reactions of everybody afterward, after the fact.

“Because I didn't really know or understand the impact that it had in Puerto Rico. And then my agent at the end of the match, he's like, ‘You have to see what's going on’. And I was just flabbergasted. I was stunned. And it was the biggest of the biggest celebrations.

“And just to see what it meant and knowing that sports in Puerto Rico really have the power to unite the island and really have the power to kind of dim all of the negativity that's going on and just kind of bring happiness in that moment. It was just wild.”