can you hear me no yes yes we can hear you and how last year's german chancellor will bring you uncle a man or as you've never heard her before the surprise yourself with what is possible who is magical really what moves her and what. we talk to people who followed her along the way of my runs and critics alike how is the world's most powerful woman shaping her legacy joining us from michael's last august. the shake up that could transform european football and its finances europe's richest clubs agree to form a super league with its own t.v. rights and profit sharing a look at what that could mean for the business of football. also in the show it's the only international auto show taking place during the pentagon and happens to be in the world's largest car market. the shanghai auto show. welcome to the show i'm

seeing here is the end berlin on 12 of europe's biggest and richest football clubs have announced plans to form a separate tournaments to replace their participation in the annual champions league super league organizers include heavyweights real madrid barcelona liverpool and you ventus they say the new legal secure them critical revenue this disappeared during an industry battering pandemic but the breakaway group faces opposition from domestic leagues fan groups and champions league organizers. now let's take a look at the money potentially in play the league itself will be backed by about $5000000000.00 euros in debt raised by u.s. investment bank j.p. morgan organizers of the super league estimate revenue of over $10000000000.00 euros annually would be significantly higher than current european tournaments leagues also promising a massive upfront cash injection for clubs to build up infrastructure investment

a whopping $3500000000.00 euros for the so-called founding clubs now for more on this i'm joined by professor sasha schmidt he teaches sport and management at. professor it's good to have you on the show. the calculus for the formation of this league is that this is what fans wants you've done some research into this from a german standpoint what do you see fans wanting. yeah you should look at the short term fence where the biggest brands the most popular starts that that's for sure but but this might change so in the mid to long run we see signs of 1st such a ration of over consumption of football and so the fancy might get bored by watching the same crops competing every other week and they might return the focus to the national competitions in the new normal we are facing now one

of the reasons given for the formation of this league is that pandemics have really been hit hard by the clubs have been hit hard by the pandemic i should say how hard has the pandemic hit the finances for these groups for these teams if you look at the 20 biggest clubs in europe in terms of revenues they lost almost 1000000000 in revenue was due to the pandemic but this was only last season and so we expect the big hit to come since the match their revenues which consists of about 16 percent of all revenues it will almost go down to 0 so you will you won't have any ticketing or hospitality revenues this year than in the last season at least in germany we look at 8 games that have been played without any of the audiences and so if this continues so. the overall.

damage will be will be way higher it's it's about approximately 1500000000 for the 20 biggest clubs so already a tough time for all clubs what does it mean for smaller mid-sized clubs when the best clubs the richest clubs then break away i would imagine it affects their finances. yes this will have implications on all revenue streams of smaller clubs and this would. stand to really rethink their business model so it could happen in the way that they revise the business model and become farm teams all over the good clubs so that the kind of the transfer revenues are gaining in significance for. all right so a pretty dramatic restructuring is what we could see such a schmidt professor at it you do so or thank you so much. was a pleasure things right we shift gears now and go over to china where the shanghai

international auto show has kicked off it's currently the only international car show taking place during the pandemic electric cars are once again in the spotlight b.m.w. showing its 1st full electric as u.v. which will be on cell early next year he's on honda volkswagen and many others are also expected to unveil new eve these at the weeklong show to capture growth in the chinese market where tesla currently leads. are more on this i'm joined by china correspondent berlingo from shanghai mathias welcome to the show the fact that this show is taking place at all should we take that as a sign that the chinese auto market is more or less back to normal. well the fact that it takes place is off course because the pandemic is under control it's already the 2nd auto show in china since the start of the pandemic but you are right that that car market is back and it's back really strong

a lot of the car. companies have said that this the 1st quarter of 2021 was the strongest in their history in china that's of course because a lot of cars a lot of the customers delayed their. plans last year but now we're seeing a market that is set to growth it's expected to grow further back on track. one of the headlines it's already coming out of the show is volkswagen being forced to once again defend its plant and sheen john in china what is the company saying well the company is 1st of all saying that they have no 4 they have they are sure that they have no forced labor in their factory there because they hire everybody themselves and they are also pretty confident that they don't have forced labor in their supply chain folks i'm defending this this factory as being

motivated the decision to build a factory in a room she 3000 kilometers from where for example the the suppliers are as being motivated by pure economic reasons that is something that most people in the industry doubt most people most inside is are pretty sure that there was a deal that the chinese government wanted them to build this plant and in exchange for another plant that they wanted but folks denies this and says it is a pure economic decision economically however this this factory is not viable capacity or 50000 cars which is not a lot for folks watching in china has never been reached we are less than they are at less than half of that right china correspondent hi thank you. but let's go now to some of the other business stories making headlines around the world. a travel bubble between australia and new zealand has begun today that's after a long period of low case numbers in both countries air new zealand said it was

running 30 flights on monday carrying 5200 passengers this compares to just 2 or 3 flights a day before the move comes as welcome news for both countries beleaguered tourism industries. big coin has plunged in value by nearly 15 percent over the weekend amid reports of a us treasury crackdown on money laundering that's after saw historic highs last week following the successful public listing of crypto currency exchange point base . of dutch lender. has agreed to pay out over 400000000 euros to settle a probe into failures in anti money laundering measures such public prosecutions that a.b.s. clients engaged in criminal activities were able to abuse bank accounts for a long time the fine will impact the bank's 1st quarter results. ashutosh hyundai's our financial correspondent in frankfurt barry comes in the picture good to see you we are hearing that does good bank c.e.o.

has resigned due to what's been going on at a.b.n. amro what he tell us when you go to member that. the bank bank itself is facing a money laundering issue that's under investigation and the us has allies here in europe and. precisely to clean the lot and repetition of that bank for that song was hired he was an external candidate and as he was just when he was getting into the cleanup act this bombshell drug and clearly because of for him not being named a suspect in another money laundering case his position as the person to sponsor it for the clean up act becomes untenable and that's why that as you can nation. financial correspondent ashutosh pandey in frankfurt thank you. let's stay in europe now here in germany the coronavirus vaccine rollout is finally picking up after picking up pace rather after what was a very slow start and that slow pace has had some germans looking elsewhere to get

their jabs including as far away as russia. a tiny needle prick and a covert 1000 faxon sputnik v enters heintz getting canals bloodstream. it's certified as being highly efficacious pinker now is one of several germans who pay 2000 euros for a vaccination vacation his wife is also getting a dose of sputnik v. . just as there is. a few great i didn't even feel the job. it also means we can look forward to being able to travel again in future israel has said it will open up to people who've been vaccinated. to 2 departed from frankfurt today go. they're among the 1st 18 tourists who booked the 4 day trip to moscow. their return at the beginning of may for a 2nd job. then dutch are coming but you can't count on getting

a vaccination in the near future in germany to be honest i think we're being sensible the more people are vaccinated the sooner we recharge immunity to treat it . the media are out in force to meet the would be vaccine knees rushes government is happy to get one sputnik v to be a top export 60 countries have certified it for use the european union is more hesitant does have been raised about its efficacy so the kremlin could see vaccine tourism as good publicity. tour operator world visitor welcomes the business. as a true operator we at least have work for some of our stuff and generate some revenues we otherwise wouldn't have and for russia it's peor and solves a couple of german problems as well. sputnik the is available to all russian citizens free of charge but only 30 percent of them are interested

a quick straw poll shows many welcome the fact that germans are coming to moscow for their shots. if they've got problems of vaccines in germany they should come here i don't think it's bad news if. they should come to russia where the best. with them let them have their vaccinations are vaccine is very good. group even though sputnik feed isn't even certified yet the next few weeks will see quite a few more vaccine vacationers like pink you know heading to moscow visitor says bookings are surging. and here's a reminder of the top stories we're following for you. 12 of europe's biggest and ridges football clubs have announced plans to form a separate tournaments replace their participation in the ng champions league so. league organizers include heavyweights raul budget and barcelona the breakaway group faces opposition from domestic leagues fan groups and champions league organizers to a from. shanghai international auto show kicked off on monday it is currently the

only international car show taking place during the pandemic meanwhile volkswagen has defended its operations in the region of the government has been accused of using forced labor among the weaker north. that's it for me and the business team here to watch the line dot com slash business folks watch. their story their very own personal drama. the people who survived the catastrophe remember. and they share private footage with us that has never been seen before. back to churn noble starts april 28th on d w. w's crime fighters are back to africa's most successful

radio drama series continues this season the stories focus on hate speech cholera prevention and sustainable charcoal production. all of a sow's are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters to mindanao. stephanie and helen rocca are passed a couple from aima in the lower saxony and countryside and they keep cheap stocks. we want to bring day life in the church together the regional bishop is not a fun little bits you feel there's not a story out there constantly going on about it's not my thing. and what about the

congregation how do you treat church village life and being good go together. they said don't do this stuff i. die. in this you tube clip the couple tell the story of their experience trying to have a child then you must show viewers a cryogenic sperm container they are bringing home. yet. ellen rotgut has had a positive pregnancy test. is a not just that it's i can't. ellen's excited about the change in her life becoming a mother and starting a family and how overwhelmed.