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European Football Clubs Spent €3.3bn on New Transfer Deals, 40% less than in 2019

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Real Madrid's Portuguese forward Cristia

Football Clubs in Europe Spent €3.3bn on New Transfer Deals

The year 2019 has witnessed a record value of football transfer deals, with clubs in Europe’s “Big five” leagues spending €5.5bn, €900m more than the 2018 summer transfer window.

However, with far less money available to football clubs and a steep drop in footballers’ value, the coronavirus outbreak triggered a sharp fall both in the volume of transactions and transfer fees.

According to data presented by SafeBetting Sites, the combined value of 1,381 transfer deals completed in the 2020 summer transfer window hit €3.3bn value, a 40% plunge year-over-year.

Premier League Clubs Completed €1.6bn Worth of Deals, 48% of Total Deal Value this Season

As the leading European football league in terms of revenue and brand value, the Premier League also tops the list of completed transfers deals in season 2020/2021. During the 2020 summer transfer window, Premier League’s clubs spent a total of €1.6bn on acquiring players, almost 50% of total transfer deal value this season, revealed the TransferMarkt and The Guardian data. Statistics show that Kai Havertz’s €80 million worth transfer from Bayer Leverkusen to Chelsea represents the most valuable deal in Premier League and Europe in the 2020/2021 season.

With €882.3 million spent on 353 transfer deals, Italy’s Serie A ranked as the second-leading football league in Europe. On September 1st, a former Lille player Victor Osimhen signed a five-year contract for SSC Napoli with a transfer fee of €70 million, the most valuable deal in Serie A this season, and the third-largest in Europe. Statistics also show the market value of the 21-year old center-forward player jumped by €10 million in 2020, growing from €30 million in December 2019 to €40 million in August.

Spanish La Liga ranked third among the European football leagues, with its clubs spending €807.1 million on 256 transfers. The TransferMarkt data revealed that Arthur Melo’s €72 million worth transfer from Barcelona to Juventus represents the most valuable deal in Spain this season and the second-most valuable in Europe.

Top Three Football Transfers hit €222 Million Value

The Guardian and TransferMarkt data revealed that football clubs competing in the French Ligue 1 spent a total of €736.9 million on 323 transfer deals at the start of the new season, ranking in the fourth place among the “Big five” European leagues. Bundesliga clubs follow, with €600.7 million worth of transfer deals, respectively.

In 2019, the combined value of the three most valuable football transfers amounted to €323 million. Joao Felix’s €126 million worth transfer from Benfica to Atletico Madrid represented the biggest deal last year. Antoine Griezmann’s transfer from Atletico Madrid to Barcelona and Eden Hazard’s transfer from Chelsea to Real Madrid followed, with €120m a €100m value, respectively.

Statistics indicate the combined value of the top three football transfers in the season 2020/2021 hit €222 million, 31% less compared to last year’s three most valuable deals.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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How to Modify NIN Data: Date of Birth, Name, and More

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In Nigeria, the National Identification Number (NIN) is a crucial identification tool used for various official purposes.

However, errors or changes in personal information may occur over time, necessitating modifications to the NIN data.

Fortunately, the National Identity Management Commission (NIMC) has introduced a convenient solution – a mobile application that allows individuals to modify their NIN data from the comfort of their homes.

Why Modify NIN Data?

Errors in personal information on your NIN can lead to complications in official transactions, including banking, telecommunications, and government services. It’s essential to ensure that your NIN reflects accurate and up-to-date details to avoid any inconvenience.

Steps to Modify NIN Data

  1. Download the NIMC Mobile App: Start by downloading the NIMC mobile application from the designated app store on your smartphone.
  2. Registration/Login: If you are a new user, register on the app by providing the required information. For existing users, log in using your credentials.
  3. Enter NIN and Details: Once logged in, enter your NIN, last name, and email address to access the data modification channel.
  4. Select Modification Options: The app allows you to modify various details, including your name, date of birth, mobile number, house address, and email address. Choose the information you wish to update.
  5. Submit Changes: After making the necessary modifications, review the changes and ensure accuracy. Then, submit the updated information through the app.
  6. Confirmation: Upon successful submission, you will receive a confirmation message acknowledging the changes made to your NIN data.

Benefits of the NIMC Mobile App

  • Convenience: With the mobile app, you can modify your NIN data anytime, anywhere, without visiting NIMC offices.
  • Accuracy: Ensure that your NIN reflects accurate information, minimizing discrepancies in official transactions.
  • Time-Saving: Avoid long queues and bureaucratic processes by using the app for quick data modifications.

Conclusion

The NIMC mobile app offers a hassle-free solution for individuals seeking to modify their NIN data. By following these simple steps, you can ensure that your NIN reflects correct and updated information, facilitating smoother interactions in various sectors.

Embrace the convenience of digital innovation and make necessary modifications to your NIN data with ease.

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Aliko Dangote Foundation Launches N15bn Food Intervention Programme

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Aliko Dangote - Investors King

In a bid to alleviate hunger and address the economic challenges facing Nigeria, the Aliko Dangote Foundation has announced the launch of a N15 billion food intervention programme.

The initiative spearheaded by the President of the Dangote Group, Aliko Dangote, aims to provide essential food items to vulnerable communities across the country.

The food intervention programme was officially unveiled during a ceremony in Kano on Saturday, where Mr. Dangote emphasized the importance of compassion and solidarity, particularly during the holy month of Ramadan.

He highlighted the significance of all stakeholders, including individuals and institutions, in supporting the government’s efforts to tackle hunger and promote social justice.

This intervention, estimated to benefit over one million people, will see the distribution of 10kg bags of rice across all 774 local government areas in Nigeria.

Mr. Dangote emphasized that the programme’s modalities involve collaboration with state and local governments, as well as community partners, to ensure effective delivery of the food items to the most vulnerable individuals, irrespective of their background.

Also, the Aliko Dangote Foundation will distribute 10,000 iftar meals during Ramadan in Kano municipality, further extending its support to those in need during this auspicious month.

The foundation’s commitment to humanitarian efforts extends beyond food relief, as it has been providing daily bread relief programmes since 2020, producing and distributing over 32,000 family-size loaves of bread across Kano and Lagos states.

The launch ceremony was attended by Kano State Governor, Abba Kabir Yusuf, who commended Mr. Dangote’s philanthropic gesture and urged other wealthy individuals and businesses to emulate the Dangote Group’s example in supporting the government’s efforts to alleviate economic hardship in Nigeria.

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International Students in Germany Get Pre-Study Work Rights Under New Law

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University - Investors King

Germany has implemented a new segment of its revamped skilled worker law, granting international students significant pre-study work rights.

This move aims to attract skilled workers from various sectors while fostering integration and easing financial burdens for students.

Under these fresh regulations, non-EU citizens applying for study visas can now arrive in Germany up to nine months before their studies commence.

During this period, which was previously not permitted for work, students are allowed to work part-time for up to 20 hours per week.

This change particularly benefits prospective students from developing countries, offering them the opportunity to support themselves financially while preparing for their academic pursuits.

The revised skilled worker law also extends its support to individuals interested in apprenticeships in Germany.

Third-country nationals seeking apprenticeships can now reside in the country for nine months, provided they demonstrate a B1-level proficiency in German and are below the age of 35.

During this preparatory period, they are permitted to engage in part-time work, laying the groundwork for their transition into full-time training once they secure an apprenticeship position.

Moreover, the new regulations enhance work opportunities for international students already enrolled in German institutions.

The permitted work duration for students has been extended from 120 to 140 full days in any calendar year, equivalent to 20 hours per week, or 280 half days per calendar year.

This adjustment acknowledges the financial challenges students may face and provides them with greater flexibility to manage their expenses.

In addition to pre-study work rights, graduates of German universities now benefit from an extended post-graduation stay of 18 months for job hunting.

This extended period offers graduates ample time to seek employment opportunities within Germany, with the option to apply for permanent residence after two years of continuous employment.

Overall, these amendments to Germany’s skilled worker law underscore the country’s commitment to attracting and retaining international talent.

By providing enhanced work opportunities and support mechanisms for students and graduates, Germany aims to strengthen its position as a hub for global education and professional development.

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