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tv   [untitled]    August 10, 2021 2:30pm-3:01pm AST

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which we didn't do, or the infrastructure that we have done does not seem to be generating revenue that is required to meet the repayment. and that is being where the shortcoming has been long as main rival opposition leader. her guy in the he to lima said he's going to tackle them, is huge that his campaign promises include jobs for the unemployed youth by attracting foreign investors with voting just days away. and they say the selection is too close to call. how do mcarthur al jazeera, the 2nd? ah, hello again. the headlines on al jazeera, international pressure is building on the taliban to stop it's offensive across. i've gone to san urgent talks. are underway here in the home with the u. s. sending it's envoy for i've got a son to meet taliban representatives. how much am june isn't bill? how with morning? the fact that these talks are happening right now is really
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a sign of the huge amount of concern by the international community. really what's at stake here is for these diplomats that are at these company hosted talks to try to formulate some type of international joint plan to attempt to get the inter afghan peace process back on track. and to also come up with a response to the rapidly deteriorating situation in afghanistan. wildfires are continuing to ravage large parts of the greek islands of firefighters are now into their 8th day of battling the flames. it's the most severe of hundreds of fires which have scorch swabs of the country. in recent weeks. russia has launched a criminal investigation against 2 opposition leader likes and of all these allies . russian authorities accused a pair of helping fund organizations, the country deans, extremist. they both face up to 8 years in prison. britons prince andrew was being sued in the us for a legit sexual abuse. virginia jeffrey says the prince of fault with her when she
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was 17. jeffrey says she was traffic by the late convicted sex offender, jeffrey epstein. a chinese court has rejected an appeal by canadian man sentence to death on drug smuggling charges. robert schellenberg was given a 15 year jail term in 2018, but he was re sentence to death 2 months later, that was after top, chinese tech, executive main ones who was arrested in canada in relation to charges in the us. corda virus cases and hospital admissions across the us have reached a 6 month high fueled by the spread of the delta vary, and the number of new infections has reached 100000 for 3 days in a row. one person has died in guinea. other marbury virus in west africa was 1st reported case w h o describes the virus as a highly infectious life threatening illness. similar to ebola. those are the headlines inside stories coming up next on al jazeera news,
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news, news, news. news. a little messy is want to football, the biggest names, but the argentine ian is leading barcelona because the spanish club can't afford to keep. so footballers become too expensive and what will message departure mean for the sport and the fan, this is inside store. ah, ah. hello and welcome to the program. i'm haven't jim john. leonor 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. messy is now likely to move to paris as your mind playing alongside other big names like name are and bob 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. to have been on these last few days, i was thinking about what i would say to day,
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but to be honest, 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 say, 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 centureman, one of the few clubs who can afford him and our favorites to sign him for reported $35000000.00 a season. it's certainly the end of an era,
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but not the end of message career. the 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 increased to $7000000000.00. the. alright, let's bring in our guess in liverpool,
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karen mcguire, a football finance lecturer at the university of liverpool and barcelona. jennifer 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 bessie to have stayed at the lona. but it appears that the application of the league arose has been in full and that left the club with that will send it to 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 that i was in time know, and i talk to defiance on our side, disappointed, angry they had been hearing for weeks that they have deal clothes and l. a. bus is that, that even when they can, can have a teach old change. people is bad to not to trust a lap or when messy cries like that, leave a speech to do 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 i,
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we need to remember that part of the camping beach was they continue a messy a and just they happens that happens. say, i think the supporters, it starts to see le port that we've and other eyes. i'm a, 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 any other more than a man more than just the nicest. they had to be to know, but they had in that, so they had a bad management and working for them. now they had to get rid of the stop trying to get to be part of 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 simply 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 made barcelona competitive with the likes of say less to 60 and west ham in the premier lee can. of course, pop loaner are used to being of the 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 boss look 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 economy by cheating on day. so here we did the day on the sheet and with these that will see the feel of the messy this up here. a complete the, a of course, the duty of deborah club is to fix that in here. you since the middle left in a barrier 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 12 players to, to,
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to be in the club. it was complicated like these to sign a contract like leels punish. nick starts in a week and 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 i live in these 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 was ultimately made but barcelona 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 viewers 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 really thought there was a club. wanted to have more than one be over here. but of course i did before they had to be wages and a lot of wages, matthew, but real minor would be, you know, and then build a place where draw up 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 academy on the cloth. and these are, was the advantage for them. we played like china, and yet the rate of our break of get the of the for one of these plays been met there, but then they get to be from the point then for them they may be some very
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by the trial that now you've been more than nasty, probably the financial aid is placed now that they have to be then and matthew real, he's not the biggest reason and. and the bottom line is, remember, the finally we can climate, the former propriety. oh no, she's been the new one. so that's true 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 i've always been high top has been hit by the pandemic. it's commercial deals and, and the broadcasting rights and it's the players, but 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 we see huge salaries and other areas of salt, 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 cove it and i think 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. and karen, if i could just follow up with you on a point you were making about cobit, i mean, how much has the corona, virus pandemic impacted all of this?
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how much more fragile is the economic situation for europe, ian 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 problems caused by kobe in other countries where, especially from switch the scene, it's tv deal effectively been strapped and replaced by one of a much lower magnitude. i think clubs have been bubble 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 that the stadium was a huge revenue. and jennifer, you would also want to reply to that question about how much of a 19 has impacted european football clubs. please go ahead. yeah, no, i just wanted to say that is huge impact in the football and i spanish woodward and i, we see in all the clubs, and that's the way that a, a break in like a like a learning it is as opposed to fighting to do these so paralegal to say one part of the day of the economy day of these clubs, appropriate is all, this is sign essentially the european football has just become too expensive. now we must say that for the last the, the decayed, there was the record and growth of the revenues of love because of the minute from
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birth asked me by force of the globalization of the game. if you market the us, china even been solved the not asian were in general. so these brought the really to be momentum for the banana of europe. one of them. now things change that by monday we came to our ration, but there were already signed the lease and the car being and now we are plant lean the situation where the the, the maximum work re store or lead, there will be me for. so the younger generation know, perhaps i'll be more that the little or to do to say better lacking that to pay my and he's got
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a lot of young the korea even though was that was great. the fact that 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, 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 bowl. if you, if you look at most matches in europe, what bumps crowds are allowed. so it's nothing matches will 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 mid 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 for count can base. it is ultimately the world's favorite sport. 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 that he's being is going to a to be the football in in the future because a don't want to see a, all of these a and games l i k, but champions league in the, in some places that day unless they play years to win, some leaks a some cops and make all these a, a player side know know, happy to make these what they shows at these kinds of trees and day. the fans think 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 say 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 center and i 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 in science with the paris centureman, it will be agreed the, the 30000, our name or the message, the an incredible. so we can enjoy the band because the
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challenges all of them. but now, of course, not always the best we know on they are the best, but the other themes from being even. but of course they who are recently wearing that going very so probably they have regional renee. this was the only way to really have some young, like the younger they are really performing well. the new generation on their us. we see mass these already 30 or of course less on the paper and operate a fee to be now but the bottom right around the we see, and i think you're now is the time to play the game with karen, there was an 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 la league 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 propulsion 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 exist, that the 2nd reason is that 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 loaners, continue desires for the super li, franchise project to work with,
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which they believe will concentrate money and power in the hands of the clubs behind super league. and therefore they would want to be able to keep 100 percent of that profits rather than giving 10 percent to the toxic jennifer. there is a perception among some that barcelona, perhaps through in the tao to quickly that maybe they should have pressured league or more in order to try to keep messy from what you hear from the fans. do they believe that barcelona backed down to quickly? no, 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 a is all the way that is weeks. a tell that
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messy is gone, is signing day contract for 2 years and then go to de united states like in the boss alone at teams and is like us or bryce is not week because a bill they spanish sneak, it starts the weekend and about us needs to, we sent the, the 1st team and, and a fact all the papers we and difficult to, to, to, to know in the escape for the france is to know if that makes a, the best way to, to perfect barcelona economy or know to because a all the money that a messy when to the, to the club is too important. and in this case is going to
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compete with that we'd better sell on that. if, if you go to the b, c, g team with name out with the money m. is it doesn't go, it's going to be i go to a team for the board for parties and lay a suspect petite, to the saloon ass a found to win. i know the champions in this case because a is not happy. there. france, i'm not happy with a act while a team meets. i know the car needs a messy in in he is 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 to all of our guest care and mcguire, jennifer civil and raphael poly and thank you for watching. you can see this and all of our previous programs. again, anytime by visiting our website,
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al jazeera dot com, and for further discussion, go to our facebook page that 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 me for celebration ah food for reconciliation. ah, and from ancient civilization, the algae 0 world goes on a mouth watering,
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cut and re journey from spain to them and leave. to discover the hidden history behind some of the region that love dishes have savoring the past on out in the north, korea isolated and heavily sanction yet earning billions around the globe. 039 is involved in everything that makes money for, for you to carry different passwords, say, contacts, and the money this year. and it goes straight into the coffers of leadership a to power, people in power investigation, neuro $39.00 cache for kim park. 2 on a jazzy data, investigative journalist and government panic, they didn't have the infrastructure they needed. they promised results in 5 days. but it's been a year examining the headline. is this another potential flash point for conflicts,
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voices from different corner? every house here has someone who has made it to the top of ever. it's not the one the several time program that has been your i to not punish you today on algebra. i hello, i'm emily angland. these are the top stories on al jazeera, international pressure is building on the taliban to stop the defensive. across f. kennesaw. urgent talks are underway here and with the us, sending its envoy for afghanistan to make taliban representatives, bahama to jam. jim is in joe hall with move the talks has started about 3 hours ago here in door how they include envoys and diplomats with the u. s. of course there's the us special envoy for.

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