The coronavirus disruption has had an enormous impact on the entire football eco-system, facing clubs with an unprecedented crisis, cutting down their earnings, and leading to liquidity problems. Besides causing complex issues and dilemmas for the club owners, the COVID-19 pandemic also had a huge hit on football players’ market value.
According to recent data, the combined market value of the world’s five most expensive football players stood at €676 million in April, a €144 million plunge since December 2019.
Neymar’s Market Value Plunged by €32 Million
The KPMG’s analysis of the impact of the COVID-19 crisis on football players’ market value revealed the combined value of all 4,183 players in ten European leagues would decrease by €6.6 bn, a 17.7% fall in the case season continues with games played behind closed doors.
The TransferMarkt data showed that Kylian Mbappé, the most expensive football player globally, witnessed a €20 million plunge in his market valuation. In December 2019, the center-forward of Paris Saint-Germain was valued at €200 million. In the next four months, his market value dropped to $180 million.
His team-mate Neymar lost €32 million in market value amid coronavirus crisis, the second-largest market value drop in 2020. Statistics show the famous left-winger was valued at €160 million in December 2019. By the end of April, his market value stood at €128 million, a €32 million plunge in four months.
Manchester City’s left-winger, Raheem Sterling, as the third most expensive football player in the world, also lost €32 million in market valuation, a 20% plunge in four months.
Statistics show the fourth and the fifth most valued football players globally lost €60 million in combined market valuation. In April, Liverpool’s left-winger Sadio Mané was valued at €120 million, a €30 million drop since December last year. His team-mate Mohamed Salah witnessed identical financial hit, with his market valuation stumbling from €150 million to €120 million amid coronavirus crisis.
The TransferMarkt data also revealed that Real Madrid’s left-winger Eden Hazard had witnessed the most significant drop in market valuation in 2020, with his value falling from €120 million to €80 million between December and April.
Top Three Market Value Increases in 2020
Although the coronavirus crisis caused significant market valuation drops for the world’s most expensive footballers, some players witnessed their values rise in 2020. The market value of Bayern Munich left-back Alphonso Davies rose by €35 million since December last year, reaching €60 million in July, the most significant increase in 2020. In April, the club announced they had signed 19-year old Canadian star to a new contract that will keep him at the club until 2025.
Borussia Dortmund’s Erling Haaland ranked second on the list of the biggest increases, with his market value rising by €27 million in 2020. Statistics show the market value of the 20-year old Norwegian player grew from €45 million in December 2019 to €72 million in April.
Right-winger of Sevilla FC, Lucas Ocampos, has witnessed his market value double and hit €50 million in July, the third-largest increase this year.
Arla Food To Set Up Dairy Farm In Nigeria, Train 1,000 Dairy Farmers
Arla Foods, makers of Dano Milk, has announced that it will build a state-of-the-art commercial dairy farm in Northern Nigeria where it plans to train and support up to 1,000 local dairy farmers as part of its long-term commitment to developing the Nigerian dairy sector.
The 200-hectare farm, scheduled to open in 2022, will have housing for 400 dairy cows, modern milking parlours and technology, grasslands and living facilities for 25 employees.
The firm said the farm is expected to produce over 10 tonnes of milk per day to supply locally produced dairy products to Nigerian consumers.
Managing Director, Arla Foods, Peder Pedersen said “there was a great need for nutritious food and dairy products to satisfy the growing demand from Nigeria’s fast-growing population.”
“This requires a complementary approach where imported food is crucial to ensuring food security while also supporting the government’s long-term agricultural transformation plan to build a sustainable dairy sector in Nigeria,” Pedersen said.
In 2019 Arla scaled up its commitment to developing a sustainable dairy sector in Nigeria with a new public-private partnership with the Kaduna State government.
It is the first of its size and offers 1,000 nomadic dairy farmers permanent farmlands. Arla is the commercial partner that will purchase, collect, process and bring the local milk to market.
The Board of Chemical and Allied Products Plc (CAP Plc) Appoints Vitus Ezinwa as a Non-Executive Director
The Board of Chemical and Allied Products Plc (CAP Plc) has appointed Dr. Vitus Ezinwa as a Non-Executive Director of the company effective from Thursday June 17, 2021, subject to the approval of the Company’s shareholders at the next Annual General Meeting.
The company announced in a statement signed by Ayomipo Wey, Company Secretary/General Counsel, CAP Plc.
Dr. Ezinwa is a seasoned business manager and human resource professional with experience in leading multinational corporations.
He is currently the Chief Operating Officer (COO) of UAC of Nigeria Plc (“UACN”) and previously, the Group Director of HR at UACN.
Prior to Joining UACN, Dr. Ezinwa worked as Group Human Resources Director for Promasidor Africa; Human Resources Director, CocaCola Nigeria & Equatorial Africa with responsibility for 10 countries and Human Resources Director for British American Tobacco, West & Central Africa covering Ghana, Benin, Niger & Togo.
Dr. Ezinwa was, until recently, the Group Human Resource Director for Tropical General Investments (TGI) Group.
He is a member of the Advisory Board of Afterschool Graduate Development Centre, member of the Institute of Directors and a Fellow of the Chartered Institute of Personnel and Development (CIPD) UK.
He is a co-founder and Director of HR Network Africa and was until 2014, a member of the Lagos Business School’s Advisory Board. He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria, Nsukka, MBA in Management from Lagos Business School, a Master’s in applied business research and a Doctorate in Business Administration, both from Swiss Business School, Zurich, Switzerland.
In addition to holding an executive director role on the Board of UACN, Dr. Ezinwa is a non-executive director of Grand Cereals Limited.
DLM Capital Group Retains Position as Best Structured Finance & Securitization Team in West Africa
DLM Capital Group, a prominent Developmental investment bank, has once again emerged as the best-structured finance and securitization team in West Africa at the just concluded Capital Finance International (CFI) 2021 awards.
The leading developmental investment bank has won the award in the last three years to affirm its position as the leading investment institution and asset manager in the region.
CFI awards seek to identify the contributions of individuals and organizations that contribute significantly to the advancement of economies and truly add value for all stakeholders.
DLM Capital Group creates bespoke business solutions for alternative financing and harnessing funds for growth. The group focuses on four key sectors — consumer credit, agriculture, microfinance, and education with a mandate to reduce poverty and improve living conditions for Africans, while mobilizing resources for the continent’s economic and social development.
“In the past three years, our portfolio management team’s performance has remained consistent, and our clients have benefited immensely from exposure to our solutions, including the NMRC securitization deal and the DLM Primero BRT Securitization,” said Head of Corporate Communications and Marketing, DLM Capital Group, Chinwendu Ohakpougwu.
“We are positioned to provide services to an expansive client base of retail, high net-worth and institutional customers. DLM Capital Group remains committed to constantly providing financial solutions that will enable our clients make a difference, and we are honored to be recognized once again as a reflection of the quality of support offered to our clients’,’ she added.
DLM has won recognition in West African capital markets, acting as a sole arranger to over 80 percent of structured finance transactions in Nigeria — and all the securitization transactions. It provides deal structuring, advisory execution and capital raising services across the Nigerian capital market.
The Institution recently launched an asset financing scheme and is preparing a venture into digital banking under its subsidiary, Sofri.
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