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tv   [untitled]    August 9, 2021 8:30pm-9:01pm AST

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justice mystery says it will release the jailed samsung n j y lee on friday, he became eligible for parole off the serving 18 months of his 2 and a half years sentence for bribery and embezzlement. business leaders have supported the ruling after concerns to take giant has been able to make important decisions without him. ah, if he's just, you know, it's gonna round up now about top stories. the earth climate is changing in ways that are unprecedented. then in some cases, irreversible, that's the warning from the world's leading authority on climate science. but the i p. c. c also says that immediate, rapid and large scale with auctions in greenhouse gas emissions could limit warming . it is indisputable that you can start causing climate change and making extreme weather events more frequent and severe. second,
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it shows that climate changes affecting every region on our planet. and lastly, it gets placed that strong, rapid sustain reductions in carbon dioxide and other greenhouse gas emissions. would be required to limit global warming, extreme heat and dry winds of fueling several wildfires around the world, least for huge fires burning out of control in greece. flames on the on, in the area having gulf 5 more villages, more than 2000 people have been rescued since last week in california, the so called a dixie fi is now the 2nd largest in the state history. it's one of 11 wildfires, devastating the state at least 8 people are now missing. authorities estimate it will not be fully extinguished for 2 more weeks. a rapid offensive by the taliban is overwhelming afghan forces the armed groups as is taking control of a 6 provincial capital in just 3 days. the most significant gain is the northern
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city of condos. it says it's also taken the nearby city of cala con and saudi poll . the us and u. k. a have slap new sanctions on the bellow, russian president's regime. but that example lucas shanker has responded by saying they can choke on them. he has defended his leadership of the country marks a year since he was elected for 6 time in what the opposition call a rigged vote. at least 51 civilians have been killed in attacks by an arm group in northern molly that's according to the army. it happened in villages near the border with news yet. india's farmers have continued their protests against the laws. they say will hom, their livelihoods, by favoring large private retailers. but only $200.00 allowed outside parliament. those are the headlines inside story is next here. and i just, you know, news
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news, news news, a little messy is want to put balls. biggest name at the argentine in is leading barcelona because the spanish club can't afford to keep. so how footballers become too expensive and what will message departure mean for the sport and the fan, this is inside the door. ah, ah. hello and welcome to the program i'm hammered. jim john leonel messy and barcelona as long and illustrious history together is now over. the argentinian was barely
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a teenager when he joined the spanish football club. rising to become one of the world's best players. he's also one of the most expensive earning an estimated $10000000.00 a month. ultimately, the partnership ended because of money. the club said, keeping their star would mean spending more than 110 percent of its revenue on salaries, which would violate financial rules in the spanish league. massey is now likely to move to paris as your mind, playing alongside other big names like name are and in, but they will bring in our guests in a moment. first this report from david stokes no mess. he started crying before he even started speaking at his farewell ceremony. 3 days after barcelona said they can no longer afford to keep him. he confirmed he was leaving and was given a standing ovation by the media and several of his teammates, past and present. and to have been on the these last few days, i was thinking about what i would say to day. but to be honest,
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i couldn't come up with anything. i was blocked like i am right now. i was convinced i would stay thousands of fans gathered at barcelona stadium to say good bye to the hero who joined them 21 years ago at the age of 13. since then, each $135.00 titles, go to club record $682.00 goals and has been crowned the world's best player. an unprecedented 6 times. the messy had agreed to take a pay cut to stay, but barcelona still can't make it work. they say, because of salary, cat rules in the spanish league. no sailor don't go to college and see. i cannot talk for the club. the president says they cannot renew my contract due to legal. i can only say that i did everything possible to stay here. now without a club or a contract, messy is currently the most sought after free agent in history, paris, tennessee, man, one of the few clubs who can afford him and our favorites to sign him for reported 35 $1000000.00 a season. it's certainly the end of an era,
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but not the end of matthew career to 34 year old argentinian said he's going to carry on competing for as long as he can. david stokes al jazeera, the ban demik is biting into the finances of european football clubs. barcelona lost $117000000.00 in revenues last year, bringing its total debt to an estimated $1400000000.00. most of that came from renewing stadiums and overpaying players salaries have increased by more than 200 percent since the year 2000 barcelona has the best paid team in the world. the average salary last year at the league champions was $9800000.00. european clubs can afford paying that much by selling merchandise and broadcasting rights in the early $990.00 s. for example, the english premier league sold tv rights for nearly 280000000 dollars last year. that amount increase to $7000000000.00. the. all right, let's bring in our guess in liverpool,
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karen mcguire, a football finance lecturer at the university of liverpool in barcelona. jennifer, a civil spain corresponded for millennial tv and from new chatelle, switzerland, rafael poli, head and co founder of the research group football observatory at the international center for sports studies. a warm welcome to you all. and thanks for joining us today on inside story here and let me start with you today. could you have ever imagined that all of this would have played out that the way it has it does seem to have been very political. and i think everybody thought that there would be some sort of last minute reprieve. that would. ready enable would have enabled leonor betsy to have stated the loaner, but it appears that the, the application of league rose has been in folsom that left the club with no old sanity, but to effectively release him from his contract and allow him to take his career elsewhere. jennifer from your vantage point there in barcelona. what are the fans
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thinking and feeling right now? are they simply sad? are they angry about how all this went down? what's the mood? yeah. yes. so they, i was in time know, and i talk to defiance on our side, disappointed, angry they had been hearing for weeks that they had deal clothes. and that, that even when they can hunt and have a taste all change, people is bad to not to trust a lap or when messy cries like that least a beckle speech to to lap. or when he said both and know if the clue did it all. and he didn't ask him to too much to have more chance that people change his mind. a we need to remember that part
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of the camping beach was continue a messy a. and just though they happens that happens, say i think the supporters, it starts to seal a port that we've and other eyes. and that's the thing i see just so the income though raphael does this, essentially all boiled down to barcelona, giving up its star player in order to try to repair its finances. yes, certainly found out is that no mother or money, matthew learning a lot of money, but not only math, you know was being the most you sign that. and the other more than very memo, jessica, united, they had to be there to know that. so they had about a management and then working for them and they had to get rid of the stop trying to get to be the player probably before,
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but they had the bicycle on track the which was not the case for masters leave. the end they have to surrender ration. karen does cutting messy loose automatically help with barcelona debt load? well, it does in the sense that they not have known going salaries now bus the, the severity all be kept in the economic costs control in terms of buffalo is ability to pay wages and make transfer over the course of the next 12 months is very, very significant indeed, and it is effectively major barcelona competitive with the likes of say, less to 60 and west time in the premier lee can of course pop loaner are used to being of a soft table so it will reduce costs. but how do you replace many se if you've got to spend money to have players of a high caliber and it's difficult to see how bartlett software can do that. under
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the present cost control measures. jennifer, who do you think ultimately bears the most responsibility for what happened? is it barcelona? is it legal or is it messy? i think at 1st i think referred to save the economy by eating on day to day is on the sheep of her and we will see the feel of new. we may see this up here a completely a of course the duty of the club is to fix that in here. you in the middle left him a reality is a they have not being able to sell yours to lower the siding salary, a 110 percent exceeded and a also can reach an agreement with with they actual players to, to,
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to be in the clocks. it was complicated like the to sign a contract like leels, the spanish nick starts in may. we can't seem possible to to do this in one week. i think a all day, all day points have a lot of all of the oh, where the story i lot of in this in the case raphael, you know, obviously this is all quite complicated and there's a lot of variables in play here as far as how this decision is ultimately made, but barcelona is president mr. report to had said that trying to keep lino messy, could have put the club at risk for 50 years. and i'm sure there's a lot of years watching that are simply just, you know, really just sort of scratching their heads and going, how, how is that possible? i mean, how is that possible that keeping the star player could put the club at risk for
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that many years? yeah, very is brain to division. we were really up the top club. wanted to have more than one be young to over here. but of course i did before they had to pay wages and a lot of wages, matthew, but real minor would be your and then, but a place where jobs are more than $100.00 euro each. so you can see that the previously back there was a very key to the lot young players from the training that caught me off the clothes and these are was the vantage for them. we played like chiron. yes. the rate of a break of get the of the run, there's already been met there, but then they get from the point then for them they may be very
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attractive now. but you've been more than nasty, probably of the financial about the loan of the place that they have to be then. and matthew, real, he's not on the big ration and, and the bottom line is, remember, the finally we can plan with the former propriety. oh no, she's been the new one. so that's for sure. to be taken into account. karen, what is it that can ultimately justify the extraordinarily high salaries of superstar players like messy? is it simply a case of supply and demand the market place? or is it the marquee players are bringing in viewers, and that impacts you know, tv deals going forward? well, ultimately, the ability of a football club to spend money is determined by its ability to generate money. now
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that comes from 3 sources, ticket sales, which a loaner always been, i hope, has been hit by the pandemic. it's commercial deals and, and the broadcasting rights. and it's the players that sell the broadcasting rights because they are the people that people want to shoot into. and it's also, it is their faces, but commercial partners that products alongside. so therefore, i think you could argue that the salaries are justified, provided the clubs breaking even. we see a huge salaries and other areas of sports, especially in the u. s. and that's accepted as part of the game. the problem with football is it has been caught out by kobe, and i think that the club such as barcelona and right on the trade, who had banks on the success of the super league franchise, had a problem when, when that collapsed, because it left them with with income, which was going to be lower than anticipated care. and if i could just follow up with you on a point you were making about cobit, i mean, how much has the corona,
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virus pandemic impacted all of this? how much more fragile is the economic situation for european clubs as a result of cobra? 1900. it varies, varies from country to country because it's linked very much to the individual tv deals. so we take a look at the, the premier league in england because it has the biggest tv deal. it was less, less subject to the, the problems caused by kobe. in other countries where especially from switch the scene, it's tv deal effectively been scrapped and replaced by one of a much lower magnitude. i think clubs have been hit bubbles severely. and as far as spain is concerned, rail madrid and barcelona were both able to generate huge sums of money, not just from mac state tickets, but from the fact that stadiums are magnificent and they generate a lot of money on non match. the come as well. so the clubs have been hit by kobe
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because people attending matches and attending conferences and buying merchandise at the stadium was a huge revenue. and jennifer, you had also wanted to reply to that question about how much cover 19 has impacted european football clubs. please go ahead. yeah, no, i just wanted to say that that is a huge impact in the football and i spanish food. well, and we see in all the clubs, and that's the way that a, a precedence like a john the like if learning it is as opposed to fighting to do these. so paralegal to say one part of the day of the economy of day on these clubs, brovio is all this is sign. essentially the european football has just become too expensive. now we must say that for the last decade, there was the record and growth of the revenues of love because of the minute from
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birth asked me by the globalization of the game. if you market the us, china, even though not, we're in general. so these bro, up the really to be momentum for the finance off the europe and now things up change that by monday came to our ration, but there were already signed the lease on the car being and now we are plant lean the situation where the the the maximum work re still lead there will be shown me for so the younger generation know which are perhaps i'll be more than that that the or to do to say better left in to pay my and he's got a lot of those young,
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the korea, even go was the, was the fact or for the future problems. karen, you know, when we have these types of discussions around football, ultimately, many people say that what's going on when it comes to salaries, when it comes to cost increases that are really highlights a growing disconnect between the big business of sport and these communities of sports fans around the world, you know, kids in various countries kicking a ball around aspiring to be like their football heroes. ultimately, who owns football? ultimately it is owned by the fans in the sense that if there is a genuine disconnect, the fans will stop buying the merchandise they will stop attending the matches and they will stop paying the the tv subscriptions. but while the other thing is a lot of growth and we think it could be said that we have reached peak interest,
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and that doesn't necessarily mean the best interest is going to hold. if you, if you look at most matches in europe, what month crowds are allowed. so it's nothing matches still fell out, especially between the big clubs, the individual lakes. and the idea that all is, is starting to be a dime sport. it is a man because you even got to look at the number of young people who are buying kids who, who are playing for all acts at school and, and youth level. and that's being maintain that. and it could be argued that actually it's becoming a more diverse game, because certainly that's bob or interest in women's football. and we are seeing players come from all over the world to supply that trade in, especially in europe and, and in nature as well. and there's no reason why that cannot continue its competitive markets, but there's no reason why they can't compete. it is ultimately the world's favorite sports. jennifer, when you speak to the fans,
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as you have been doing the past several days, i mean, do they believe that big business is running sport? the big business is running football, or are they okay with the way things are going right now? no, it's not the way that at that he thinks he's going to to be the football in the, in the future. because a don't want to see a all of these a and games. a like a champion, sneak in in some places that they, unless they play years to win some leaks a cops and make all these a a player side. no, no, happy to make these just what they shows at these kinds of trees and day. the fans sink a,
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it's too much is too much and they have to spend a lot of money because these a, these se, championship cup make a him to, to pay a lot of money. it to see his team to see a play years like messy like a sin or not look like a name. and all of this is say like i more industry that the book can be at the, at the 1st time. raphael, what are the implications for football going forward if messy does as expected and signs with the paras, centureman, it will be agreed. the. the 30000 mile name are in the message the an incredible. so we can enjoy the band because the incredible challenges all of them.
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but now of course, not always the best we know on. they are the, the best. but the other themes from being even barcelona. of course they losing the dark, but recently they're going that it will probably they will need to have regional been a this was the only way to really have like the younger they i really for me where the new generation on their us we see mass, these already 30 or was less on the paper even operate to be them now. but the bottom right around the we see, and i think that was now if you the time to play the game with karen, there was a announcement that was made that there was to be
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a massive private equity investment by the private equity firm c, v c. they wanted to invest 2700000000 euros into a legal and exchange for 10 percent revenue and 10 percent stake in most of its business. many thought that that investment would help ensure barcelona had the money it needed to keep messy. but barcelona said the deal would not be in its interests. why is that? why the objections to that? i think the objections, twofold, 1st of all, under the terms of the deal, only a relatively small proportion of the money from cdc could be allocated to players wages. so therefore, it wouldn't actually be addressing the, the player cost issues that exists, that boss alone. and the 2nd reason is the boss alone to be believed. but the deal vastly on the values, legal and it's present full. and also it could, it could present some form of constraints in terms of boss lenders continue desires
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for the super early franchise project to work, which they believe will concentrate money and power in the hands of the clubs behind, superbly. and therefore they would want to be able to keep 100 percent of that profits rather than giving 10 percent to a 3rd party jennifer, there is a perception among some that barcelona perhaps through in the tao to quickly that maybe they should have pressured league more in order to try to keep messy from what you hear from the fans, do they believe that barcelona backed down too quickly? i know, i think if, if i saw a prize that i did you out 1st a defense a thing that may cease to be in barcelona. and then next to c sauce, that is all the way that is ed weeks tell
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that messy is gone and signed a contract for 2 years and then go to de united states and so on at teams. and is like us or bryce is not week because a bill based spanish need it starts the weekend and about us i needs to present the 1st team and a fact in the papers we difficult to to, to, to know in the escape for the fans is to know if that makes a the best way to, to perfect barcelona economy or no to because a all the money that miss see when to the, to the club, if to important and in this case is going to compete
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with that. we'd better sell on that if you go to the b c, g team with name out with the money. and emma is, is, doesn't go. it's going to be i go to a team for the, for, for parties and lay a suspect. the people to the about the loan ass a found to when i know the champions in this case, because a is not happy. there france, i'm not happy with a while a team needs i know the car needs a messy in in his, in his field. all right, we have run out of time, so we're going to have to leave the conversation there. thanks so much. all of our guest, karen mcguire, jennifer, cisco, and raphael, polly, and thank you for watching. you can see this and all of our previous programs.
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again, anytime by visiting our website, al jazeera dot com, and for further discussion, go to our facebook page. that's facebook dot com, forward slash ha inside story. you can also join the conversation on twitter. our handle is at a j inside story. for me, how much i'm german, the whole team here. bye for now. the news news for us has withdrawn the majority of the troops from america the longest war, leaving the battle for control. the african military be able to hold its ground against the canada and the afghans to help the american war effort relocated to the
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u. s. the future holds to that special coverage for not going to san on al jazeera in the wake of the coronel race. right, how much can someone take before they class? the fight recognition is crucial. we needed corner heads to prevail, brothers in fable, and that was said about religion and the thing that was community one was to be just respected. al jazeera explores the history and struggles of the lebanese community in australia. once upon a time in punchbowl on al jazeera, through a shared passion for elephant conservation leads to have become friends. but with civil war defending famous now protect themselves. escaping deep into the rain forest back to the western world. the elephant surviving the poachers is a lifelong challenge. now to last a revel militia elephant part
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a witness documentary on how to 0. play an important role protecting human. ringback face in the this is al jazeera. ah, hello, i'm has, i'm speaker. this is the news live from coming up in the next 60 minutes. a stop warning by un panel of experts. the effects of climate change are intensifying. and unless we act fast, they will only get worse signs of those changes already visible from greece to siberia to the.

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