Wage Bill
La Liga chief: Impossible for Barca to keep Lionel Messi without departures
Barcelona must considerably reduce their wage bill in order to keep Lionel Messi, LaLiga chief Javier Tebas said on Thursday, adding that the club would not be shown any leniency when it comes to obeying the league’s strict financial control rules. Messi, Barca’s all-time top scorer and appearance maker, ended his 21-year association with the club last month and is currently a free agent as the Catalans cannot offer him a new deal due to their financial predicament. President Joan Laporta said last month that Messi was keen to remain at the club but giving him a new deal was being held up by the league’s Financial Fair Play regulations. Spanish media reports had suggested LaLiga could relax the rules to allow the six-time Ballon d’Or winner to stay at Barca but Tebas said there was no chan...
Report: Barcelona open to selling Antoine Griezmann for the right price
Italian Sky Sports journalist Matteo Moretto has proclaimed that Barcelona are willing to sell French superstar Antoine Griezmann in the summer if they were to receive an adequate offer, in order to try and ease the pressure on their accounts. After a far from optimal start to his stint in Garnet and Blue, Griezmann has largely managed to turn his fortunes around. He has established himself as a very useful asset for Barcelona, and proved to be an instrumental part of the Catalans’ Copa del Rey triumph. However, despite his turn of form, there has been constant speculation regarding Antoine Griezmann’s departure from Barcelona. Considering the massive cost of his transfer from Atletico Madrid two seasons ago and his high wages, the club might be open to a sale in the summer. The upcoming t...
Bayelsa: We won’t retrench workforce amid dwindling revenues – official
The Bayelsa state government has assured civil servants in the state that it had no plans to downsize the workforce, amidst dwindling revenue. The government said on Thursday that although it was contending with an unwieldy wage bill, it would seek alternative sources of revenue to shore up its finances. The Commissioner for Finance, Maxwell Ebibai, gave the assurance at the transparency briefing for the months of January and February 2021, in Yenagoa, the state capital. Newsmen report that under the state’s Bayelsa Transparency Law, it had become mandatory for the government to make public its income and expenditures on a monthly basis. Ebibai, said the state government received N6.8 billion for February, 2021, as net receipts from the Federation Account, after first line deductions, as a...
Court orders Ekiti university to reinstate sacked workers
File Photo The National Industrial Court in Akure has ordered the Ekiti State University (EKSU), Ado Ekiti, Ekiti State, to reinstate 85 non-teaching staff members sacked by the institution in December 2019. The judge, Kiyersohot Damulak, also gave the university a 30-day ultimatum to pay the reinstated workers their salaries, emoluments, and allowances from the date of their unlawful disengagement till date. In the judgement delivered on January 28, a copy of which was seen by newsmen on Wednesday, the court also directed the university to pay the workers the three months salary they were being owed before they unlawfully disengaged. Damulak also ordered the university to pay each of the sacked workers N50,000 as the cost of prosecuting the case. The award totaled N4,250,000 for the 85 wo...
Ogun governor presents N339 billion 2021 budget proposal
Gov. Dapo Abiodun of Ogun, on Wednesday, presented a budget proposal of N339 billion for the 2021 fiscal year to the state House of Assembly, with N177 billion earmarked for capital expenditure. Newsmen report that the budget, christened “Budget of Recovery and Sustainability,” also has N162 billion proposed for recurrent expenditure. The governor said that an estimated N119 billion was projected as internally-generated revenue for the state, with statutory allocation expected to be N59 billion. He stated that capital receipt, which included internal and external loans as well as grants and aids, stood at N142 billion. The governor stated that personnel cost remained the largest single item of expenditure, adding as at Oct. 31, it accounted for 35.5 percent of the total government spending...
Barcelona are ‘bankrupt’ – presidential candidate
Barcelona prospective presidential candidate Victor Font has claimed that the club are “bankrupt” and that the club’s wage bill situation is now at a critical stage. Carlos Tusquets is the current interim president of the Blaugrana following the resignation of former club supremo Josep Maria Bartomeu, and he is likely to be in position until January at the earliest due to the complications of holding votes prior to that. Tusquets now must analyse the financial situation at the club and decide how to proceed with the proposed wage cuts but will not run for the elections himself. There are six confirmed candidates for the election, of which Font is said to be the early favourite for the position but he has now issued a stark warning to the club and called on elections to be moved forward to ...
