Real Madrid sign deal worth $380m for Santiago Bernabeu management

Real Madrid FC announced on Thursday it has signed a stadium management deal for the Santiago Bernabeu worth €360 million ($381 million). (File/Reuters)
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Updated 20 May 2022

Real Madrid sign deal worth $380m for Santiago Bernabeu management

  • The deal with the US-based companies comes with Madrid close to signing Paris Saint-Germain forward Kylian Mbappe, who would arrive as a free agent but command a club-record salary
  • The Bernabeu is undergoing major renovation, getting a new roof, modern video screens and a retractable field in a project that was expected to cost close to €1 billion ($1.05 billion)

MADRID: Real Madrid have signed a stadium management deal for the Santiago Bernabeu worth €360 million ($381 million), the club said Thursday.

The agreement was reached with investment firm Sixth Street and “experiences company” Legends, which specializes in organizing sports and other events and is partly owned by Sixth Street.

The deal with the US-based companies comes with Madrid close to signing Paris Saint-Germain forward Kylian Mbappe, who would arrive as a free agent but command a club-record salary. One of soccer’s top stars, the 23-year-old Mbappe’s contract with PSG expires at the end of this season.

Real Madrid said the money from the deal can be invested in “any of the club’s activities.”

Madrid have not signed any top players in the last few transfer windows and currently hold the league’s highest spending limit at €739 million ($783 million).

The club this season won a record-extending 35th Spanish league title and will be looking to win a record-extending 14th European trophy when it faces Liverpool in the Champions League final on May 28 in Paris.

Sixth Street acquired the right to participate in the operation of certain new businesses of the Bernabeu for 20 years, Madrid said. The exact stake the company will have was not immediately disclosed by the club.

Legends, meanwhile, “will contribute its experience and knowledge in the operation of large stadiums and leisure centers, allowing for the optimization of the management” of the stadium.

“This alliance with Sixth Street and Legends, world leaders in their respective disciplines, will be fundamental in providing unique experiences in a stadium where multiple events can be hosted throughout the year,” Madrid said in a statement. “This agreement strengthens our goal of continuing to significantly increase the stadium’s revenues from both sporting and other types of events.”

Sixth Street said it manages over $60 billion in assets globally and is also linked to the San Antonio Spurs in the NBA, as well as to Airbnb and Spotify. Last year it invested a majority stake in Legends, which was formed in 2008 by affiliates of the New York Yankees and the Dallas Cowboys.

“Real Madrid’s Santiago Bernabeu is hallowed ground in the world of football, and we are honored to be joining this partnership to invest in the innovative, long-term strategic vision that has guided the club’s consistent success over its storied history,” said Alan Waxman, co-founder and CEO of Sixth Street.

The Bernabeu is undergoing major renovation, getting a new roof, modern video screens and a retractable field in a project that was expected to cost close to €1 billion ($1.05 billion). The goal was to have it completed by the end of the year. Last season, the team played at the small Alfredo Di Stefano Stadium at the club’s training center. The renovation work was expedited as fans were not allowed because of the coronavirus pandemic.

Madrid rival Barcelona will also renovate their Camp Nou Stadium. It recently reached a naming rights deal for the venue with streaming company Spotify believed to be worth €400 million ($424 million) over 12 seasons.

Barcelona and Madrid did not join in the Spanish league’s deal with private equity firm CVC, which will bring in about €2 billion ($2.1 billion) in investment to Spanish clubs. They say the deal gives too much power to CVC over the clubs’ television rights deals for the next five decades.

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Duplantis soars to outdoor pole vault record, Olympic champion Jacobs in late withdrawal

Updated 01 July 2022

Duplantis soars to outdoor pole vault record, Olympic champion Jacobs in late withdrawal

  • In yet another dominant pole vaulting display in the final major meet before the July 15-24 worlds in Eugene, Oregon, Duplantis had the competition wrapped up after his third effort at 5.83m

STOCKHOLM: Armand Duplantis warmed up for next month’s world championships in perfect style at Stockholm’s Diamond League meet on Thursday, delighting home fans by setting an outdoor pole vault record.

While Olympic champion Marcell Jacobs was a late withdrawal from track’s blue riband event, the men’s 100m, Duplantis ensured there was drama guaranteed to the end in the field.

In yet another dominant pole vaulting display in the final major meet before the July 15-24 worlds in Eugene, Oregon, Duplantis had the competition wrapped up after his third effort at 5.83m.

The US-born vaulter then nailed 5.93 and 6.03m before clearing 6.16 on his second attempt, the best-ever performance outdoors that bettered by 1cm his previous outdoor best set in Rome in September 2020.

“I feel like I am definitely in shape to win my title and maybe to do something special in Eugene,” said the 22-year-old Olympic champion who holds the overall world record of 6.20m, set at the world indoor championships in Belgrade in March.

The outdoor record, Stockholm-based Duplantis said, felt “quite amazing... but really wasn’t that much of a surprise for me.”

“There’s better things that I can do. I felt really good jumping today but it wasn’t like I did everything so perfect that I don’t think I can do any better.

“It’s extra special when you’re jumping on the track where you train. I live about 10 minutes away so you want to defend your home territory first and foremost!“

With little time to fine-tune preparations ahead of the Eugene worlds, Jacobs— a shock gold winner at the Tokyo Olympics last year — pulled out of the 100m in another blow to his injury-hit season.

His coach Paolo Camossi, however, played down the latest setback for his sprinter, who kicked off the season with world 60m indoor gold in Belgrade before a thigh injury in mid-May disrupted track plans.

“The situation is under control,” Camossi said. “He has a little pain in his glute muscle.

“It would have been too risky to run today, that’s why we decided to withdraw him from the 100m. The risk is just too high with the eye on the world championships in Eugene next month.”

In the absence of Jacobs, South African Akani Simbine clocked a season’s best of 10.02sec to win the 100m ahead of the fastest European this year, Britain’s Reece Prescod (10.15).

World champion Dina Asher-Smith of Britain edged Switzerland’s Mujinga Kambundji, the world indoor 60m champion, in a photo-finish in the women’s 200m, both sprinters credited with 22.37sec.

Femke Bol ensured that, come Eugene, there will be anything but a smooth ride for American Sydney McLaughlin, who set a new world record of 51.41sec in winning the women’s 400m hurdles at the US trials last weekend.

The Dutch hurdler won in Stockholm in a Diamond League record of 52.27sec and her clash with Olympic champion McLaughlin and US teammate and reigning world champion Dalilah Muhammad will undoubtedly be one of the track highlights of the world champs.

“I am still hoping to do something very special also in Eugene,” Bol said. “It was a good race today but not perfect. In the end, I am very glad for this time.

“I am so excited for Eugene. When you see the results from the Hayward Field stadium, I am so excited to go there and I have some great competitors out there.”

India’s Olympic javelin champion Neeraj Chopra threw a national record of 89.94m, but that was only good enough for second place behind Anderson Peters of Grenada (90.31).

“I thought I could throw even over 90m today,” said Chopra, whose gold in Tokyo was India’s first ever Olympic track and field triumph.

“I am close to 90m now and I can throw it this year. Despite the fact that I did not win tonight, I feel very good because I did my best.”

Brazil’s Alison Dos Santos bested Karsten Warholm’s meet record as he set a world lead of 46.80sec in the men’s 400m hurdles.

“I am so proud about this performance. My preparations went well and this result shows it,” said the Brazilian who won bronze at the Tokyo Olympics.

“I think about the world record every day, every night, the Japanese capital.


Pakistan players to get separate Test and limited overs contracts

Updated 30 June 2022

Pakistan players to get separate Test and limited overs contracts

  • Previously, top players were offered one contract and could be called on to play any version of the game
  • Contracts are part of vision and strategy to identify, groom and develop specialists, chief selector says

ISLAMABAD: Pakistan has given separate contracts to players in the Test and limited-overs squads in a bid to build long-term depth, the chief selector said Thursday.

Previously, top players were offered one contract and could be called on to play any version of the game, but specialisation has made this out of fashion for many cricketing nations.

"These contracts are part of our vision and strategy to identify, groom and develop specialists for the traditional and purist format of the game," chief selector Mohammad Wasim told press conference.

Babar Azam, captain of the Test, ODI and Twenty-20 teams, is one of just five players offered both red and white ball contracts.

The others are Hasan Ali, Imam-ul-Haq, Mohammad Rizwan and Shaheen Shah Afridi.

Ten players received test contracts, while 11 players earned contracts for the shorter versions of the game.

All players named will get a ten per cent increase in their match fees, while Azam also gets a bonus for being captain.

Red and white ball contracts:

Babar Azam, Mohammad Rizwan, Shaheen Shah Afridi, Hasan Ali and Imam-ul-Haq.

Red ball:

Azhar Ali, Fawad Alam, Abdullah Shafique, Naseem Shah, Nauman Ali, Abid Ali, Sarfaraz Ahmed, Saud Shakeel, Shan Masood and Yasir Shah

White ball:

Fakhar Zaman, Shadab Khan, Haris Rauf, Mohammad Nawaz, Asif Ali, Haider Ali, Khushdil Shah, Mohammad Wasim Junior, Shahnawaz Dahani, Usman Qadir and Zahid Mehmood 


Ronaldo lawyers seek $626K from woman’s lawyer in Vegas case

Updated 30 June 2022

Ronaldo lawyers seek $626K from woman’s lawyer in Vegas case

  • In a bluntly worded court document, Ronaldo’s attorney, Peter Christiansen, asks US District Judge Jennifer Dorsey to make the woman’s attorney, Leslie Mark Stovall, personally responsible for the amount
  • Dorsey on June 10 kicked the case out of court to punish Stovall for “bad-faith conduct” and the improper use of leaked and stolen documents to pursue the case

LAS VEGAS: Cristiano Ronaldo is asking a US judge to order a woman’s lawyer to pay more than $626,000 for losing a lawsuit to get the international soccer star to pay millions of dollars after claiming in 2018 that Ronaldo raped the woman in Las Vegas nearly a decade earlier.

In a bluntly worded court document, Ronaldo’s attorney, Peter Christiansen, asks US District Judge Jennifer Dorsey to make the woman’s attorney, Leslie Mark Stovall, personally responsible for the amount.

Stovall did not immediately respond Wednesday to telephone and email messages. Text messages to associate Larissa Drohobyczer were not answered. They are due to file an answer with the court by July 8.

Dorsey on June 10 kicked the case out of court to punish Stovall for “bad-faith conduct” and the improper use of leaked and stolen documents to pursue the case.

Stovall “crossed the border of ethical behavior before he filed this action, and his disregard for the rules of this court has continued unabated,” the judge found.

Dorsey said in her 42-page order that dismissing plaintiff Kathryn Mayorga’s case outright with no option to file it again was a severe sanction, but said Ronaldo had been harmed by Stovall’s conduct.

The Associated Press generally does not name people who say they are victims of sexual assault, but Mayorga gave consent through Stovall and Drohobyczer to make her name public.

The bid for court costs and fees for Ronaldo’s attorneys, filed Friday, dwarfs the $375,000 hush-money payment that Mayorga received in 2010 to sign a confidentiality agreement and drop a criminal complaint alleging she was sexually assaulted.

“Given Stovall’s abuses and flagrant misconduct, Stovall should be made personally responsible for ensuring Ronaldo is reimbursed for having to defend against his vexatious and bad faith conduct,” Christiansen’s request for reimbursement said. He tallied attorney fees at between $350 and $850 per hour for nearly 1,200 hours of work.

Mayorga’s civil lawsuit — filed in 2018 in state court and moved in 2019 to federal court — eventually sought more than $25 million in damages, plus attorney fees for Stovall.

It alleged that Ronaldo or his associates violated the confidentiality agreement before a German news outlet, Der Spiegel, published an article in April 2017 titled “Cristiano Ronaldo’s Secret” based on documents obtained from what court filings term “whistleblower portal Football Leaks.”

Ronaldo’s attorneys accuse Stovall of obtaining stolen material containing privileged attorney-client communication and then trying repeatedly to make them pubic by attaching them to court filings.

A second court filing on Friday asks Dorsey to seal part of the court record containing confidential documents.

Mayorga is a former model and teacher who lives in the Las Vegas area. Her lawsuit said she met Ronaldo at a nightclub and went with him and other people to his hotel suite, where she alleged he assaulted her in a bedroom. She was 25 at the time. He was 24.

Ronaldo’s legal team does not dispute Ronaldo met Mayorga and they had sex in June 2009, but maintained it was consensual.

Ronaldo, now 37, is one of the most highly paid and recognizable sports stars in the world. He plays for the English Premier League club Manchester United and has captained the national team of his home country, Portugal. He spent several recent years playing in Italy for the Turin-based club Juventus.

Las Vegas police reopened their rape investigation after Mayorga’s lawsuit was filed in 2018, but Clark County District Attorney Steve Wolfson decided in 2019 not to pursue criminal charges. He said too much time had passed to prove the case to a jury beyond a reasonable doubt.

Stovall maintained that Mayorga didn’t break the hush-money settlement. Her lawsuit sought to void it, accusing Ronaldo and reputation-protection “fixers” of conspiracy, defamation, breach of contract, coercion and fraud.

The Las Vegas police report compiled about Ronaldo after Mayorga filed her lawsuit in 2018 might still become public under a public records lawsuit The New York Times filed in Nevada state court.

A US magistrate judge in Las Vegas said in March that a protective order that Dorsey imposed to prevent release of the 2010 agreement does not prevent the Las Vegas Metropolitan Police Department from releasing its file.

Attorney Margaret McLetchie, representing the newspaper, did not immediately respond to messages about that case.


Joshua ‘desperate’ to become world heavyweight champ again in his rematch against Usyk in Saudi Arabia

Updated 30 June 2022

Joshua ‘desperate’ to become world heavyweight champ again in his rematch against Usyk in Saudi Arabia

  • Usyk will be defending the IBF, WBA and WBO titles he claimed from Joshua in beating the British fighter at Tottenham Hotspur Stadium in September
  • While this will be Joshua’s second fight in Saudi Arabia — he avenged his only other defeat against Andy Ruiz Jr. in 2019 in Diriyah with a points win — it will be Usyk’s first in the country

LONDON: Anthony Joshua admitted he is “definitely desperate” to become world heavyweight champion again when he faces Oleksandr Usyk in their rematch in Jeddah, Saudi Arabia, on Aug. 20.

Usyk will be defending the IBF, WBA and WBO titles he claimed from Joshua in beating the British fighter at Tottenham Hotspur Stadium in September. Joshua (24-2, 22 KOs) was outclassed by his Ukrainian rival, who defied disadvantages in height, reach and weight to win in London by unanimous decision.

“What happened then is in the past, I don’t really live in the past, I’m just present,” the 32-year-old Joshua told a news conference in London on Wednesday. “I’ll be looking to be competing round-by-round and if I follow my As, Bs and Cs, it should lead me to KO.”

The former two-time world heavyweight champion called for “Less talk, more action. I’m not a comedian, I’m not someone who likes big speeches.

“Let me get in there and do my job, that’s my priority. I’m definitely hungry, definitely desperate but how I perform will speak volumes to the masses.”

The 35-year-old Usyk, a former undisputed world cruiserweight champion, has won all 19 of his professional contests and wore a blue-and-yellow T-shirt with the message ‘Colors of Freedom’ in reference to his native Ukraine and Russia’s invasion of the country.

He helped with the war effort against Russia, initially putting in jeopardy a second fight against Joshua, before being given special permission to defend his world titles.

While this will be Joshua’s second fight in Saudi Arabia — he avenged his only other defeat against Andy Ruiz Jr. in 2019 in Diriyah with a points win — it will be Usyk’s first in the country.

Usyk said money was not the driving factor in his decision to fight in Saudi Arabia.

“I’m not fighting for money or the recognition,” Usyk said. “The only thing I’m on my way to is to save my soul. Everything else that is happening to me is just life.”

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Jabeur beats Kawa to reach Wimbledon 3rd round

Updated 29 June 2022

Jabeur beats Kawa to reach Wimbledon 3rd round

  • The Tunisian, 27, who won the Berlin grass-court title earlier this month, broke twice in the first set before steamrollering her opponent in the second

LONDON: Third seed Ons Jabeur eased through to the third round of Wimbledon on Wednesday, beating Polish qualifier Katarzyna Kawa 6-4, 6-0.
The Tunisian, 27, who won the Berlin grass-court title earlier this month, broke twice in the first set before steamrollering her opponent in the second.
Jabeur will play unseeded Frenchwoman Diane Parry, who beat Japanese qualifier Mai Hontama, in the last 32.