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Real Madrid called to answer unexplained €122m expenses in club account

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Real Madrid have been asked to explain why €122m in expenses have not been explained in their club accounts.

The Telegraph released an exclusive report on Wednesday, as echoed by MD, which show that Real Madrid have refused to explain €122m in their club accounts.

Their annual report attributes around €135m to ‘other operational costs’, €13.6m of which was made in payment to La Liga – something required of all La Liga clubs.

When contacted, the club neither confirmed nor denied that those costs were part of a deal to sell future sponsorship money to a firm called Providence.

In 2017-18, the club reached an agreement with the company in order to bring in cash to cover losses of at least €216m between the years of 2014 and 2017. Real Madrid have not confirmed how that money is to be repaid, although they renewed the agreement in 2019-20. As a club owned by their members, President Florentino Perez is required to explain the club accounts to the membership.

However The Telegraph allege that this money was a sale in exchange for a percentage of future sponsorship money. The tax office in Spain regard this as debt, although the English paper point out that nothing in this deal would be illegal.

Nevertheless, it could raise questions with UEFA as to how this money is accounted for, and whether it might bring Los Blancos in breach of Financial Fair Play rules. That would in turn open them up to sanctions.

The advantage of the operation is that Los Blancos would not have to take on debt in loans, and thus increase their costs with rates of interest.

They go on to highlight that these unexplained ‘other operational costs’ have risen year upon year, reaching 20% of their income in 2022. Real Madrid have also recently sold 30% of the income from their newly renovated Santiago Bernabeu stadium for the next 20 years to Sixth Street for €360m, the same business which bought a percentage of Barcelona’s TV rights from La Liga for the next 25 years.

Los Blancos have been praised for their prudence and financial management in recent years, riding out the pandemic without major problems. However if The Telegraph’s suppositions are correct, it would colour matters in a different light.

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Lionel Messi Dusts Cristiano Ronaldo In Another World Record

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Lionel Messi Dusts Cristiano Ronaldo In Another World Record

Lionel Messi registered his 58th assist in international football, which is joint-most, as he equalled former United States’ star Landon Donovan’s tally.

Lionel Messi equalled another record in Argentina’s colours as he provided a match-winning assist to Lautaro Martinez in the FIFA World Cup South America qualifier against Peru. It was Messi’s 58th assist in international football, which is joint-most, as he equalled United States men’s national team legend Landon Donovan’s tally.

Messi floated in a cross from the left and Inter Milan’s Martinez leapt into the air, leaning back as he cracked a thundering left-footed volley past Pedro Gallese. It was not a very convincing performance from Argentina or Messi, but they managed to remain on top of the CONMEBOL standings, with their qualification for the 2026 tournament surely just a matter of time.

Argentina lead South American qualifying with 25 points from 12 matches, five points clear of its closest competitor, Uruguay. Ecuador and Colombia are next with 19 points each.

Messi’s former teammate and good friend Neymar is just right behind him with 57 assists in international football representing the Brazil national team. Meanwhile, his arch-rival Crstiano Ronaldo is way behind in the tally with 45 assists in the illustrious career but remains at the top of the goal-scoring charts with 135 goals in 215 appearances.

Meanwhile, with his astonishing strke Martinez has equalled legendary Diego Maradona’s tally of goals in international football. The Argentine great netted 32 goals during his illustrious career and Martinez matched it on Wednesday.

The Inter Milan striker opened up on his performance in Argentina’s last match of the year.

“I’m happy because my whole family came and I always want to give my best. This year was very positive and luckily we closed it with a victory,” Martinez told local TV.

He also talked about Argentina’s year, during which they won the Copa America title, adding another accolade to Messi’s illustrious legacy.

“It was a spectacular year in terms of performance, goals, games played. We have to keep playing and improving day by day.

“Everyone wants to beat us. Argentina’s national team are always the main characters. There are things to improve but we have to continue on this path,” he added.

 

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Arsenal Legend Patrick Vieira Appointed As Genoa Coach

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Arsenal Legend Patrick Vieira Appointed As Genoa Coach

Patrick Vieira has been appointed as the new boss of Serie A side Genoa.

The former Arsenal and France midfielder has agreed a deal to replace Alberto Gilardino as coach of the Italian club.

Genoa fired Gilardino on Tuesday after a poor start to the season which has left them just a point above the relegation zone.

They moved quickly for Vieira, who had a two-year spell in charge of Crystal Palace and has also managed New York City, Nice and, most recently, Strasbourg.

“Genoa CFC announces that it has entrusted the technical management of the first team to Patrick Vieira,” the club said in a statement.

The 48-year-old will be reunited with his former Manchester City team-mate Mario Balotelli, who left Nice while Vieira was the boss in 2019.

Vieira later admitted the controversial Italian striker was someone he found “difficult to work with”.

 

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Video: Pulisic Does Trump Dance In USA 4-2 Jamaica

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Video: Pulisic Does Trump Dance In USA 4-2 Jamaica

AC Milan forward Christian Pulisic is the latest high-profile American athlete to pull out the ‘Donald Trump dance’ while celebrating his opening goal in the USA’s 4-2 victory over Jamaica in the CONCACAF Nations League quarter-finals on Monday night.

The 26-year-old opened the scoring in the second leg of the USMNT’s Nations League quarter0fianl against Jamaica. Juventus’s Timothy Weah netted the hosts’ fourth goal of the game, while Weston McKEnnie and Yunus Musah also lined up as starters.

Pulisic scored after 13 minutes of action, and opted to pull out the viral dance moves of US President-elect Trump during his celebration.

“It’s not a political dance, it was just for fun. I saw a bunch of people do it and I thought it was funny, so I enjoyed it,” the goalscorer said in his post-match interview.

Watch: Pulisic does viral Trump dance in USMNT win

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