Connect with us

Sports

Galatasaray’s €65m Osimhen Bid Turned Down By Napoli

Published

on

 

A €65 million bid from Galatasaray for the services of Nigerian striker, Victor Osimhen, has been pushed back by Napoli.

Osimhen is on loan at the Turkish giants and the bid is their effort to make his stay permanent and take full ownership of the contract.

The push back from the Italian side, Napoli, could be traded to their valuation of the striker, put at his €75m release clause, according to Corriere dello Sport.

Recall that the 26-year-old joined Galatasaray on loan until the end of the season without an option to buy.

ALSO READ: Rangers Fly Into Maiduguri For Clash Of Champions Against El-Kanemi Warriors

However, the loan deal confers an advantage on the Turkish club because of a compensation clause in the agreement.

It was gathered that the €6m compensation due to Galatasaray would raise Osimhen’s release clause to €81m for other clubs during the winter transfer window.

Biztellers reports that as at the last transfer window, Osimhen’s release clause was set at €130m but was reviewed downwards as part the loan deal which took him from Napoli to Galatasaray last summer.

The Nigeria international has been in scintillating form for the Turkish leaders, netting 16 goals and providing five assists in 20 appearances since his loan move.

In December, Osimhen publicly committed to seeing out his loan spell at Galatasaray, telling reporters, “I will not leave in January, I am at Galatasaray until the end of the season.

“I do not know what Galatasaray and Napoli are talking about afterwards, but if they come to me, we will talk.”

The Nigerian international’s football skyrocketed on the back of a stellar 2022/23 season with Napoli, during which he scored 26 goals to win the Serie A Golden Boot and help the Partenopei claim their first league title in over three decades.

Sports

African Club Football Gets Major Financial Boost as CAF Hikes Prize Money

Published

on

African club football is set for a financial shake-up as the Confederation of African Football (CAF) announces a substantial increase in prize money for its top club competitions this season.

According to a CAF statement released on Monday, winners of the 2025/26 CAF Champions League will now take home $6 million (≈€5.18 million), up from $4 million last season. Meanwhile, the CAF Confederation Cup champions — Africa’s second-tier club competition — will earn $4 million, marking a 50% increase from last year.

SEE MORE: CAF Switches Afcon to Hold Every Four Years From 2028

Prize money for runners-up remains unchanged, with Champions League finalists receiving $2 million and Confederation Cup finalists $1 million.

The move has been welcomed by clubs, which have long complained that competing in African competitions often results in financial losses.

High travel costs, particularly airfares, have been a major challenge, with many clubs forced to take longer, costlier routes through Europe or the Middle East due to limited direct flights between African countries.

Since Patrice Motsepe, the South African businessman and CAF president, took office in 2021, prize money for African club competitions has steadily increased.

Motsepe, now in his second four-year term, has been championing financial sustainability and growth for African club football.

CAF’s quarter-final first-leg matches kick off this weekend, starting in Pretoria, South Africa, where Mamelodi Sundowns host Stade Malien of Mali in the Champions League.

Football fans across the continent are eagerly anticipating a weekend full of high-stakes action.

Continue Reading

Sports

Abramovich Clashes with UK Gov’t Over £2.35bn Chelsea Sale Funds

Published

on

Former Chelsea owner Roman Abramovich has insisted that the £2.35 billion from his 2022 sale of the football club remains his personal property, amid mounting pressure from the UK government to release the funds for Ukrainian humanitarian aid.

Lawyers representing Abramovich told UK authorities that the money, currently frozen in a bank account under his company Fordstam Ltd, is legally his, despite earlier statements promising to donate the proceeds to victims of the war in Ukraine.

SEE ALSO: Chelsea Boss Demands Lifetime Ban For Racists After Vinícius Abuse Allegation

“The funds — although currently frozen — remain the property of Fordstam Limited, which is wholly owned by Mr Abramovich,” the legal team said.

They added that the billionaire remains committed to charity but stressed that any donation is voluntary.

The standoff has been fueled by sanctions imposed on Abramovich following Russia’s 2022 invasion of Ukraine, which forced the sale of Chelsea.

While Abramovich initially pledged all net proceeds for the benefit of war victims, disagreements emerged over who should ultimately receive the funds.

The UK government insists the money must be directed to humanitarian aid in Ukraine, while Abramovich wants the donation to cover all victims, including Russians affected by the conflict.

UK Foreign Secretary Yvette Cooper responded firmly to the dispute, stating, “This money was promised to Ukraine over three years ago. It is time Roman Abramovich does the right thing, but if he won’t we will act. That’s why the licence has been issued. It is time this money was used to rebuild the lives of people who’ve seen devastation as a result of Putin’s illegal war.”

Further complicating matters, Fordstam’s accounts reveal that £1.4 billion of the total proceeds is tied to loans Abramovich extended to Chelsea during his ownership.

The funds remain under scrutiny due to an ongoing investigation in Jersey into the source of Abramovich’s wealth, which the oligarch is contesting in court.

Abramovich’s legal team also criticized the UK government for relying on public statements rather than addressing the legal complexities surrounding the transfer.

“Mr Abramovich has consistently sought to resolve the complex legal issues preventing the donation from proceeding,” the lawyers said.

 

Continue Reading

Energy

Sahara Group Deepens Global Employee Engagement Through M.A.D With Football 5.0

Published

on

By

Modupe ASUDO

Sahara Group has launched M.A.D with Football 5.0, the latest edition of its flagship internal engagement initiative, reinforcing its commitment to building a connected, inclusive workforce across geographies.

The initiative gives Sahara employees the opportunity to attend live football matches at iconic stadiums including Old Trafford in Manchester and Emirates Stadium in London, using shared experiences to strengthen collaboration and a unified One-Sahara culture.

Speaking on the initiative, Bethel Obioma, Head, Corporate Communications, said the fifth edition of the M.A.D with Football initiative reinforces the energy and infrastructure conglomerate’s commitment to entrenching diversity and inclusion across its locations in Africa, Asia, Europe, and the Middle East.

Obioma said that over the past three decades, Sahara Group has consistently prioritized people as a central pillar of its growth journey, recognizing that culture and connection are critical to long term success.

“M.A.D with Football 5.0 aligns strongly with the Sahara Beyond XXX narrative, reflecting the Group’s belief that sustainable success is driven by operational performance, meaningful experiences that inspire, energise, and connect people. Sahara continues to invest deliberately in initiatives that recognize effort, reward commitment, and strengthen organisational culture,” he added.

The 5.0 edition builds on this legacy, reaffirming Sahara Group’s commitment to a people centred culture that goes beyond the workplace and beyond geography. By offering Saharians (the term used to describe Sahara employees) the chance to witness world class football in legendary venues, the initiative celebrates excellence, teamwork, and the spirit of belonging that defines the Sahara ecosystem.

Employees who have participated in previous editions have also shared enthusiastic reflections on internal platforms. Juliet Basemera of Asharami Uganda, described the experience as “a dream come true,” expressing gratitude for the opportunity to be in Manchester. Arnaud Ritz, Sahara Energy Geneva, noted that the trip made it possible to “finally put faces to the names” he previously only knew from emails, and to meet Saharians “from all around the world.”

Oriyomi Adewale, Asharami Energy, Rwanda, called the initiative evidence of Sahara’s commitment to work life balance and employee wellbeing, describing it as “delightful” to be part of a company that invests in employee welfare and memorable moments.

Participation in M.A.D with Football 5.0 is open to Sahara employees in line with internal guidelines, with selected participants earning the opportunity to represent Sahara Group at live matches at Old Trafford and Emirates Stadium, experiencing firsthand the passion, energy, and global community that football embodies.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x