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.
Aliko Dangote Remains Africa’s Richest Man With $12.1 Billion Net Worth -Forbes
Nigerian industrialist, Aliko Dangote, is Africa’s richest person for the tenth year in a row.
In the Forbes Africa latest billionaires list, Dangote’s total net worth stood at $12.1 billion, a $2 billion increment when compared to last year. Thanks to the 30 percent increase in the price of Dangote Cement share.
Nassef Sawiris of Egypt followed Dangote with $8.5 billion net worth with the majority of his investments coming from construction and other investments.
In third place was Nicky Oppenheimer of South Africa with an $8 billion total net worth.
Portland Paints, Chemical and Allied Products Plc Agreed to Merge
Portland Paints and Products Nigeria Plc and Chemical and Allied Products Plc have agreed to merge, according to the latest statement from both companies.
In a statement released through the Nigerian Stock Exchange, the Board of Directors of CAP said we are “pleased to inform you that following discussions and negotiations, the Boards of CAP and Portland Paints have reached an agreement to undertake a merger between both entities (the “Merger” or the “Proposed Merger”).
Accordingly, we “hereby present to you the terms and benefits of the Proposed Merger for your consideration and seek your support and approval to effect the Proposed Merger.
“The Proposed Merger presents a compelling opportunity to create significant value for shareholders of CAP and achieve the company’s strategic growth objectives as a larger company with a broader product portfolio, more corporate owned brands and diversified revenues.
“The resultant entity is also expected to benefit from enhanced distribution capabilities in addition to economies of scale and operational efficiencies.”
Tony Elumelu Acquires Shell, Total, ENI Stakes in OML 17
Tony Elumelu owned Heir Holdings Limited and its related company Transnational Corporation of Nigeria Plc on Friday announced it has completed the purchase of 45 percent stake in Oil Mining Lease (OML 17) through TNOG Oil and Gas Limited.
The acquisition includes all assets of Shell Petroleum Development Company of Nigeria Limited (30 Percent), Total E&P Nigeria Ltd (10 percent) and ENI (five percent) — in the lease.
It was further stated that TNOG Oil and Gas Limited will also have the sole right to operate OML 17.
The field presently has a production capacity of 27,000 barrels per day. Also, there are estimated 2P reserves (proven and probable) of 1.2 billion barrels and an additional one billion barrels in possible reserves — all of oil equivalent.
A consortium of global and regional banks and investors provided a financing component of $1.1 billion for the largest oil and gas financing in Africa in over a decade.
In a statement released on Friday, Shell said the completion was after all the necessary approvals have were received from authorities.
“A total of $453m was paid at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area,” the SPDC said.
Speaking after the completion of the deal, Elumelu said “We have a very clear vision: creating Africa’s first integrated energy multinational, a global quality business, uniquely focused on Africa and Africa’s energy needs. The acquisition of such a high-quality asset, with significant potential for further growth, is a strong statement of our confidence in Nigeria, the Nigerian oil and gas sector and a tribute to the extremely high-quality management team that we have assembled.
“As a Nigerian, and more particularly an indigene of the Niger Delta region, I understand well our responsibilities that come with stewardship of the asset, our engagement with communities and the strategic importance of the oil and gas sector in Nigeria. We see significant benefits from integrating our production, with our ability to power Nigeria, through Transcorp, and deliver value across the energy value chain.
“I would like to thank Shell, Total and ENI, for the professionalism of the process, the Federal Government of Nigeria, the Ministry of Petroleum Resources, and the NNPC for the confidence they have placed in us.”
Tony Elumelu is the Chairman of Heirs Holdings Limited, Transcorp and United Bank for Africa Plc.
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