Personal Finance

The Netherlands returns 119 stolen sculptures to Nigeria

时间:2010-12-5 17:23:32  作者:Books   来源:Work  查看:  评论:0
内容摘要:From the death of his wife and young daughter in a car accident in 1972, to two early and unsuccessful presidential bids, to the death of his eldest son at just 46, his decades in Washington have been defined by tragedy but often followed by triumph.

From the death of his wife and young daughter in a car accident in 1972, to two early and unsuccessful presidential bids, to the death of his eldest son at just 46, his decades in Washington have been defined by tragedy but often followed by triumph.

We know for certain United will experience a £10m reduction in payments from their £900m, 10-year sponsorship deal with Adidas because they have missed out on the Champions League. As that penalty is spread over the length of the contract, which runs to 2035, the damage on an annual basis is not onerous. But few would look at this season and be confident of United returning to the Champions League in 2026-27 and therefore avoiding another penalty.Beyond that, there is the issue of Premier League prize money. Each place in the table is worth £3m. That means, in their current position of 16th, United would receive £33m less than for finishing fifth.

The Netherlands returns 119 stolen sculptures to Nigeria

The club make about £4.3m in gate receipts for every home game at Old Trafford - and there would have been at least four more of those in the league phase of the Champions League.Add in the generous prize money on offer in Europe's elite competition, and that is how we have calculated that Wednesday's defeat by Tottenham has, at a conservative estimate, cost United £100m.As has been widely reported, a second round of redundancies is on the way, this time affecting the football department. The reductions are likely to affect the scouting, medical and science teams.

The Netherlands returns 119 stolen sculptures to Nigeria

There has been no word on whether that is likely to be the end of the matter. But it is clear, from axing of staff trips, free lunches and other perks, nothing is off limits in Sir Jim Ratcliffe's determination to make United a leaner organisation.But these cost-cutting initiatives can only do so much. As with any Premier League club, by far the biggest expenditure is on transfer fees and player wages. If this season is any guide, United, who have spent in excess of £900m on transfers over the past five years and whose last annual wage bill they confirmed at £365m, have been awful at both of these fundamental elements.

The Netherlands returns 119 stolen sculptures to Nigeria

United say funds will be available, but what does that mean?

There are a few factors at play. As Ratcliffe outlined in March, they owe £272m in outstanding transfer fees, a significant percentage of which - £156m - is due this summer.They were also denied a decent education, with Afrikaner leader Hendrik Verwoerd infamously remarking in the 1950s that "blacks should never be shown the greener pastures of education. They should know their station in life is to be hewers of wood and drawers of water".

Afrikaner dominance of South Africa ended in 1994, when black people were allowed to vote for the first time in a nationwide election, bringing Nelson Mandela and the African National Congress (ANC) to power.Afrikaners currently number more than 2.5 million out of a population of more than 60 million - about 4%.

None of South Africa's political parties - including those that represent Afrikaners and the white community in general - have claimed that there is a genocide in South Africa.But such claims have been circulating among right-wing groups for many years, and during his first term, Trump referred to the "large scale killing of farmers" in South Africa.

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