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tv   The Context  BBC News  December 10, 2024 8:30pm-9:01pm GMT

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the $765 million men, we take a look at the baseball the $765 million man, we take a look at the baseball contract thatis look at the baseball contract that is making history. before all that, we will get some sport that is not baseball. here's jane dougal. liverpool stay top of the table, most sulla scored the only goal of the match. both sides had a quiet first half but after the break the defender looked to have filed luis diaz and liverpool were awarded a penalty. mohamed salah stepped up to hammer home the spot kick and with it the wind for little pool. in the other games on tuesday, celtic played out a goal is to draw with zagreb. seven currently
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under way in the later kick—offs. away at leipzig, he was assisted by ollie watkins. they went close again not after the goal, watkins missing from two yards out and they'd been punished for that already because leipzig have equalised through lewis opened the moon and the last minute. kylian mbappe it with a stunning strike for them, sporting went missing their old manager ruben amorim, he won all between vignettes and new munich. you can follow all the matches on the sport website. tottenham defender christian romero has criticised the club cosmic board for a lack of investment, 4-3 board for a lack of investment, 4—3 defeat in lake to chelsea. telemundo deported us after the loss, argentine international
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romero said a lack of spending was why spurs were falling behind their rivals. in the interview translated from spanish, romero said... police say they believe former england rugby union player tom boyce has died of after apparently trying to... went missing during storm door at the weekend, he recovered his vehicle but they believe he tried to cross over with ford and his car and tried to cross over with ford and his carand his tried to cross over with ford and his car and his attempts to escape he was swept away. england rugby �*s posted on social media saying thoughts
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and prayers were at with his family. to formula i now, and mclaren�*s ceo zac brown says it's been a massive team effort by everyone involved to win their first constructors�* championship in 26 years. the team had a slow start to the season. lando noris winning the final race of the season in abu dhabi. ~ ., ., ., a ., dhabi. men and women at mclaren have done an _ dhabi. men and women at mclaren have done an unbelievable - dhabi. men and women at mclaren have done an unbelievable job - have done an unbelievable job and that�*s every one because to be successful as a formula i team, of course you have to build a great race car, but you need to be able to afford a great race car. your commercial departments depend upon a huge fan base, that�*s where your communications department, hr, finance comes in, all aspects need to be firing on all cylinders, forgive the pun, to rally everyone to be the best
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in the business because this business is hard.— in the business because this business is hard. tennis, and a na business is hard. tennis, and aryna sabalenka _ business is hard. tennis, and aryna sabalenka has - business is hard. tennis, and aryna sabalenka has been . business is hard. tennis, and i aryna sabalenka has been voted the wta player of the year, after winning four titles in 2024. the after winning four titles in 202a. the world number one retain her crown injanuary, then took the cincinnati open, and will head open in october. and that�*s all the sport for now, christian. we are going to stay with sport, and switch to baseball. one of the sports brightest stars is swapping the bronx, for queens — and making history in the process. the new york mets have agree to payjuan soto $765 million usd over next 15 years — in what is thought to the biggest contract in the history of pro sports. his move from the yankees will net him around $51 million a year... at the tender age of 26. let�*s find out more about this from craig goldstein who is editor—in—chief of baseball prospectus, a website devoted to baseball
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commentary and statistics. it's it�*s an eye watering amount of money for a player. what�*s so special aboutjuan soto? i special about juan soto? i think special aboutjuan soto? i think you touched on it in the last little bit there, to get to 750 million you have to start with 26. he is just 26 years old. in baseball, that is a very, very young age to reach free agency when players are allowed to choose which team they want to play for, assuming they want to play for, assuming they can agree to terms, even terms such as these. it�*s very rare for a player to reach free agency at this age, and especially at the talent level thatjuan soto is at, he�*s a top three player in the sport, and the other two are 30 years old or above.— old or above. let's talk about the business _ old or above. let's talk about the business model. - old or above. let's talk about the business model. ticket . the business model. ticket sales were down 10% last year, so how are they constructing this deal and why such a long contract — over 15 years. an?
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contract - over 15 years. any team would _ contract - over 15 years. any team would want _ contract - over 15 years. any team would want to - contract — over 15 years. my team would want to sign contract — over 15 years. jifuy team would want to sign him for ten years, right, and not have to necessarily endure the ages of 36-40 to necessarily endure the ages of 36—40 seasons of any player, really. but to get the first ten years of someone likejuan soto you have to commit to the last five and that�*s what he has in terms of his ability and his age and what he and his agent were able to procure. they are really paying for the front end of this contract and the back end of it, we�*ll see how it pans out but they are hoping to bank enough value on the front end to make it worth it. in terms of business model, baseball is in a little bit of a tricky spot right now, but a lot of their revenue over the last decade plus has been from regional sports network, local channels that broadcast games, and they would provide teams with guaranteed money to be able to carry those games over
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the air. and we�*re seeing some degradation of the duty streaming, you know, online streaming, you know, online streaming and things like that, so they are in a little bit of a tricky place but the mets are particular, they have their own rsn, they are in an ok spot and crucially they are owned by the richest man in the sport, steve cohen worth $21 billion.- cohen worth $21 billion. there is room to _ cohen worth $21 billion. there is room to grow _ cohen worth $21 billion. there is room to grow there. - cohen worth $21 billion. there is room to grow there. we - cohen worth $21 billion. there i is room to grow there. we seen them in soccer, football and our country, wealthy guys come into the sport but we have the financial fairplay rules. if you award a contract as big as this, how does that skew salaries across the league, and is there anything to stop the owner doing this? you know, spending eye watering amounts of money over a 15 year period? so, there�*s nothing technically stopping them, that�*s how it happened. but there are penalties for exceeding a certain amount of money. we have something called the cbt, essentially a luxury tax and is
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a balance tax. the various thresholds teams will play a surtax per dollar over a team amount spent on their budget. on players. so there are things that cost more money, because the owners more money to sign, to keep signing players as they continue to escalate. the baseball, crucially, is the only sport in the us without, only sport in the us without, only major sport i should say — without a salary. there is nothing actually stopping them from going there, but the money they are taxed does get redistributed back to the smaller markets and that is all in endeavour to keep things a little more fair and play towards competitive balance. yeah, it�*s got to staying if you are a yankees fan, this. i noticed he a dominican from a long line of players from the dominican republic, can you
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just explain to people the scouting system that goes on to find this young talent? yeah, that's currently, _ find this young talent? yeah, that's currently, has - find this young talent? yeah, that's currently, has the - that�*s currently, has the potential to change in the next bargaining agreement between the players and the owners, but right now these guys are signed generally at 16 years old. truth be told, there are a lot of agreements that have been years before, they are not supposed to sign, not supposed to do these agreements but they are handshake agreements, teams will tell them we will sign you two years from now, 1a years old, 13 years old, we will give you this much money in this many years if you sign up for us at age 16, and soda, again, to reach free agency at 26, he reached the majors. so he went from the dominican and the minor leagues all the way up to the majors, he did that by age 19 which is why he is a free agent as young as he is. let's
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see if they — agent as young as he is. let's see if they reach _ agent as young as he is. let's see if they reach the - agent as young as he is. let's see if they reach the world i see if they reach the world series, i suspect that might be part of financial equation. craig, really good to talk to you, thank you for coming on the programme.— you, thank you for coming on the programme. thank you for havin: the programme. thank you for having become _ the programme. thank you for having become a _ the programme. thank you for having become a christian, - the programme. thank you for having become a christian, i l having become a christian, i appreciate it. we will keep following is a career and see where it goes. around the world and across the uk, this is bbc news.
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the french president, emmanuel macron, has signalled he will appoint a new prime minister in the next 48 hours. he met today with some of the party leaders although he refused to means with the hard right national rally or the far left france insoumise. the previous administration collapsed last week, after the two parties of the extreme united in a vote of no confidence. there is still little hope for a quick resolution. the greens have ruled out joining a "national interest" government while the socialists said they would serve only under a left—wing prime minister — which has been
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ruled out by conservatives. armin steinbach is professor of law and economics at the hec business school?in paris. good to have you with us. i suppose bringing together so many parties for a roundtable discussion is a mark of progress, but if a minimal deal is to be found, it�*s going to require enormous amounts of negotiation, isn�*t it? an negotiation, isn't it? an enormous _ negotiation, isn't it? jim enormous amount of negotiation, isn't it? fifi enormous amount of negotiation and ability to compromise. and the french political landscape is not one of compromise. president mcconkie is under pressure, he needs to appoint a perimeter that survives longer than three months which was the last prime minister, and controversial discussions on many controversial topics such as pension reform, taxation and living costs is going to be really difficult to find common ground.
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really difficult to find common round. �* , ., ground. i'm interested in how ou ground. i'm interested in how you think _ ground. i'm interested in how you think this _ ground. i'm interested in how you think this is _ ground. i'm interested in how you think this is playing - ground. i'm interested in how you think this is playing out i you think this is playing out for the national rally. some of their voters would like them to do the right thing, but out outside the talks, marine le pen... middle of the opposition while the mainstream parties held a banquet to show your output jobs.
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