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Messi Begins Contract Talks At Barcelona

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Barcelona president Joan Laporta said on Monday (May 31) that talks over a new deal with forward Lionel Messi  are progressing well, and that the club will be announcing more new signings shortly.

Messi’s current contract expires at the end of June and he is free to discuss a move to another club, but media reports on Tuesday suggested an agreement was imminent

“We’re talking and it’s going well. It doesn’t depend on the audit,” Laporta told a news conference.

“Talks are ongoing with Messi’s people and, as I said, they’re going well. We hope to keep making progress. It’s not done but we know that Leo wants to stay.

“We’ll have more economic information when the audit is finished, but we had this operation in mind before that. I’m sure, as (new signing Sergio) Aguero said, that he wants to play with him.”

Laporta was talking at the presentation of Eric Garcia, a second new arrival at the Camp Nou this week from Manchester City following Aguero.

Both players will join when their contracts expires at the end of June.

He also said that more arrivals were imminent, and that the squad overhaul was designed to show Messi they can compete.

“It’s not a question of money for Messi, and he’s showing a lot of understanding. What he wants is a competitive team capable of winning the Champions League and La Liga,” Laporta said.

“We need to have big refresh and we’re working on it. There will be more presentations of players, we’re working to sign players that improve the first team.

“We need to balance the squad, you will see what’s being worked on. Next week there will be more news.”

Liverpool midfielder Georginio Wijnaldum and Lyon striker Memphis Depay – both out of contract this summer – have been heavily linked to Barcelona.

Germany Goalkeeping Legend, Oliver Kahn Takes Over From Rummenigge As Bayern CEO

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Bayern Munich chief executive officer Karl-Heinz Rummenigge is retiring from the club six months earlier than expected, and will be replaced by former goalkeeping great Oliver Kahn.

Rummenigge made the request to step down from his position on June 30, and not Dec. 31 as originally planned, Bayern said in a statement on Tuesday.

“It is the most strategically sensible and logical time,” the 65-year-old Rummenigge said. “We’re coming to the end of the financial year, and at the same time a new phase is beginning with a new coaching team. The new season should be the responsibility of Oliver Kahn as the new CEO right from the start.”

Bayern will start the new season with former Leipzig coach Julian Nagelsmann in charge of the team. Nagelsmann is taking over from Hansi Flick, who left after leading Bayern to back-to-back Bundesliga titles and will take over the Germany team after the European Championship.

Rummenigge will continue to have a say in European soccer for the next three years. He retains his seat on UEFA’s executive committee which he took in April when he replaced Juventus president Andrea Agnelli, who stepped down amid the turmoil of the Super League plan.

Rummenigge, a former striker who scored 162 goals in 310 Bundesliga appearances for Bayern, became vice-president of the club in 1991. Since becoming CEO in 2002, Rummenigge has helped the Bavarian club increase turnover from 176 million euros ($215 million) to 679 million euros ($830 million). The public limited company behind Bayern posted a profit in every financial year during the period, helping build reserves rarely seen in debt-ridden European soccer.

“Together with (former club president) Uli Hoeneß, he shaped FC Bayern into one of the best clubs in elite international football — both in sporting and economic terms,” Bayern president and supervisory board chairman Herbert Hainer said.

Bayern won the Champions League twice (in 2013 and 2020) as well as 14 Bundesliga and 10 German Cup titles while Rummenigge was chief executive.

The 51-year-old Kahn is being entrusted with ensuring the successes continue. He joined Bayern’s supervisory board in 2019 with a view to becoming CEO in 2022 but will now take over on July 1.

“In the past 18 months, I have become acquainted with all facets of the club and know very well how FC Bayern works and what challenges lie ahead,” Kahn said.

Kahn joined Bayern from Karlsruher SC in 1994 and went on to win eight Bundesliga titles, six German Cups, and the Champions League in 2001. He made 86 appearances for Germany, winning the European Championship in 1996 and finishing World Cup runner-up in 2002.

Kahn was named World’s Best Goalkeeper three times, European Goalkeeper of the Year four times and German Footballer of the Year twice.

“We are all convinced that Oliver Kahn is the right man to successfully shape the future,” Hainer said.

ITTF Confirms Aruna’s Qualification For Tokyo 2020

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The International Table Tennis Federation (ITTF) on Tuesday June 1, confirmed the eventual qualification of Nigeria’s Quadri Aruna for the rescheduled Tokyo 2020 Olympic Games in Japan.

According to a letter addressed to the President of the Nigeria Olympic Committee (NOC) and President of the Nigeria Table Tennis Federation (NTTF) and signed by ITTF Competition Director Gabor Felegyi, Aruna who is the first African in the history of the Olympic Games to make it to the quarter-final stage of the singles event is expected to join 85 others across the globe to compete in the men’s singles event at Tokyo Olympic Games next month.

It is with great pleasure, I advise the qualification of Quadri Arena to compete in the table tennis Men’s Singles event at the Tokyo 2020 Olympic Games, on the basis of World Ranking allocation according to the June 2021 ITTF Olympic Qualification Ranking,” Felegyi stated.

He however, stated that NOC is expected to confirm Aruna’s participation on or before June 16.

With this development, Aruna will be making his third appearance at the Olympic Games having featured in London 2012 and Rio 2016 and he will join his compatriots – Olajide Omotayo, Olufunke Oshonaike and Edem Offiong to compete in the singles event at Tokyo.

It was at Rio 2016 in Brazil that Arena stunned the world with his performance as the first African to reach the quarterfinal after edging out some of the best players in the world including former world number one, Timo Boll of Germany before losing to the eventual winner, Ma Long of China in the quarterfinal.

An excited Chairman of the Caretaker Committee of NTTF, Ishaku Tikon said he has been proved right with the confirmation by ITTF as the exploits of Aruna in the last two years were enough to secure a place for him in Tokyo.

“When Aruna got injured during the African Qualifying tournament in Tunis last year, I told the world that he will make it to Tokyo as he is ranked among the top 10 in the Olympic ranking.

Despite the setback in Tunisia, Aruna did not relent in his performance and for me I am so excited as a Nigerian because his qualification will surely motivate others to look up to him and aim for the best in Tokyo,” Tikon said. Already 64 players have so far been confirmed for the men’s singles event while the remaining six slots are expected to be allocated as wildcards

Seventeen Players Hit Super Eagles’ Nest In Austria For Cameroon Duel

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With the Indomitable Lions of Cameroon already gathered in Austria, their Nigerian counterparts in Friday’s friendly match in Vienna, the Super Eagles are also assembling in high number.

Super Eagles media officer, Babafemi Raji says 17 players are already in camp ahead of Friday’s first encounter. The second match is due for June 8.

Already in camp are the three goalkeepers – Maduka Okoye, Francis Uzoho and John Noble.

Also in camp are vice captain, William Troost-Ekong as well as Alex Iwobi, Shehu Abdullahi, Wilfred Ndidi, Kelechi Iheanacho and Chidozie Awaziem.

Jamilu Collins, Etebo Oghenekaro, Valentine Ozonwafor, Anayo Iwuala, Abraham Marcus, Terem Moffi, Peter Olayinka and Samson Tijani completed the list of 17 players already in Austria.

Naomi Osaka: Grand Slams Want ‘Meaningful Improvements’ & To ‘Advance Mental Health’

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The four Grand Slams say they want to “create meaningful improvements” in supporting players after Naomi Osaka’s withdrawal from the French Open.

Osaka, 23, pulled out on Monday – a day after the Slams threatened her with expulsion for not talking to the media.

The Australian Open, French Open, Wimbledon and US Open have offered their “support and assistance” to her.

“We commend Naomi for sharing in her own words the pressures and anxieties she is feeling,” they said.

“We empathise with the unique pressures tennis players may face.”

The four major tournaments have faced criticism for the way they have handled the issue at Roland Garros.

What does Osaka’s withdrawal mean for tennis?
Osaka withdraws from French Open and reveals ’bouts of depression’

Japanese world number two Osaka announced last week she did not want to do interviews to “protect her mental health”.

On Sunday, Osaka won her opening match against Romania’s Patricia Maria Tig in straight sets and was fined $15,000 (£10,570) for not doing post-match media.

Later that day, a joint statement from Grand Slam organisers said Osaka could face expulsion from the tournament if she continued to avoid them.

On Monday, Osaka pulled out of the French Open and, in the same statement, revealed she has been suffering with “bouts of depression” since winning her maiden major title at the 2018 US Open.

Osaka added she was going to “take some time away from the court now”.

“We wish to offer Naomi Osaka our support and assistance in any way possible as she takes time away from the court,” the Grand Slams said.

“She is an exceptional athlete and we look forward to her return as soon as she deems appropriate.”

The tone of their statement was markedly different to the strongly worded one issued on Sunday, which threatened “more substantial fines and future Grand Slam suspensions” if she continued to avoid the media.

“While players’ wellbeing has always been a priority to the Grand Slams, our intention, together with the WTA, the ATP and the ITF, is to advance mental health and wellbeing through further actions,” it added.

“Together as a community we will continue to improve the player experience at our tournaments, including as it relates to media.

“Change should come through the lens of maintaining a fair playing field, regardless of ranking or status. Sport requires rules and regulations to ensure that no player has an unfair advantage over another.

“We intend to work alongside the players, the tours, the media and the broader tennis community to create meaningful improvements.”

Players rally around in support of Osaka
Osaka’s withdrawal continued to be a major talking point on day three at Roland Garros, with a number of her fellow professionals offering support following their matches.

Coco Gauff, the American world number 25, said she hoped her friend could “push through this” and return “better and stronger”.

“Mental health is a dear subject to me and I feel for her,” 17-year-old Gauff said.

“I hope as a tour that we can find ways to help her and help players going through situations like her.

“The only thing I can do is just reach out and be supportive.”

France’s Gael Monfils said he hoped Osaka would make a “speedy recovery”, saying the sport needs her “back on the court, back in the press conferences and back happy”.

“It’s a very tough situation for her. I feel for her, because I have been struggling quite a lot as well,” added Monfils, who has been open about his own feelings during the pandemic.

“It’s a big moment for everybody, even outside of tennis, what we are experiencing now.”

Seven-time Grand Slam champion Venus Williams acknowledged that speaking to the media was “definitely not easy to do for anyone”.

“For me personally, I know every single person asking me a question can’t play as well as I can and never will, so no matter what you say or what you write, you’ll never light a candle to me,” said the 40-year-old American.

“That’s how I deal with it. But each person deals with it differently.”

Carlo Ancelotti Leaves Everton For Real Madrid Return

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Carlo Ancelotti has left Everton to become head coach of Real Madrid for a second time.

The 61-year-old Italian, who managed Real Madrid for two years between 2013 and 2015, has left Everton after 18 months in charge at Goodison Park.

He succeeds Zinedine Zidane at Real and the move leaves Everton searching for a sixth permanent manager in five years.

Ancelotti has signed a three-year deal at Real and said the move represented “an unexpected opportunity”.

He added: “I have complete respect for everyone associated with Everton and hope they can achieve the exciting opportunities they have in front of them.

“While I have enjoyed being at Everton I have been presented with an unexpected opportunity which I believe is the right move for me and my family at this time.”

Real will present Ancelotti to the media on Wednesday, while Everton said they “will begin the process of appointing a new manager immediately”.

Daily Euros bonus podcast: Balague & McNulty discuss Ancelotti’s switch
‘A brutal truth’ – analysis
Phil McNulty, BBC chief football writer

Everton will have been left stunned by the speed of developments in the last 24 hours as owner Farhad Moshiri’s “Hollywood” manager leaves.

Ancelotti’s arrival was regarded as a real coup by Moshiri, persuading one of the game’s most decorated and respected figures to come to Merseyside to restore Everton to former glories.

The 61-year-old’s reign has been a mixed bag with dreadful home form balanced out by results like their first win over Liverpool at Anfield since 1999 – but ultimately a 10th-place finish in his first full season was a disappointment.

Ancelotti, however, was still held in huge regard by Everton supporters, who have been left bitterly disappointed by his decision to depart.

The brutal truth is that for all Moshiri’s finance and ambition, Everton still cannot regard themselves as anywhere near the elite, which always makes them vulnerable to clubs such as Real Madrid setting sights on their prize assets.

The usual suspects are being linked, such as Eddie Howe after he turned down Celtic, former Wolves boss Nuno Espirito Santo and ex-Everton boss David Moyes – although that is unlikely to happen after he verbally agreed a three-year deal at West Ham after taking them into Europe. Moshiri, though, is something of a wildcard and may have ideas of his own.

‘Carlo Fantastico’ – did you know?
Of managers to have taken charge of at least 10 Premier League games with Everton, their average of 1.53 points-per-game under Carlo Ancelotti is better than under any other previous boss. David Moyes sits second on 1.5
A man to overturn Real’s woes
Ancelotti has won 15 major trophies during his career and is one of only three managers to win three European Cups – along with Liverpool legend Bob Paisley and former Real boss Zidane.

The Italian has domestic titles with AC Milan in his homeland, Chelsea in England, Paris St-Germain in France and also in Germany with Bayern Munich.

Having previously won the Champions League twice with Milan, he guided Real Madrid to a landmark 10th success in the competition in 2014 but departed as manager a year later.

Real won the Champions League three times under Zidane but ended the 2020-21 campaign without a trophy, having finished second in La Liga behind city rivals Atletico Madrid.

Five years of change at Everton
ManagerLeftWin %
Carlo AncelottiJune 202043.1
Marco SilvaDecember 201935.8
Sam AllardyceMay 201837.5
Ronald KoemanOctober 201740.4
Roberto MartinezMay 201638.1


Ex-Liverpool defender Jamie Carragher has been quick to state his former manager Rafael Benitez – who lives on Merseyside – is an obvious choice for the Everton job.

Spanish football expert Guillem Balague told BBC Radio 5 Live: “Could Rafa Benitez do the job at Everton? I know for a fact he would take it.

“Real Madrid were waiting for Mauricio Pochettino. Paris St-Germain triggered a renewal of his contract. So the only way for Pochettino to go to Real or Spurs is to publicly say ‘I’m leaving’. So that meant Real had to see what is out there.

“It’s a team that has players Ancelotti had in his time there. Florentino Perez decided to sack him having won the Champions League, he felt the team wasn’t working hard enough.

“Luka Modric and Sergio Ramos were asked about him and they said ‘keep him’. He got sacked, the relationship with Perez went sour earlier on and wasn’t great.

“But we reach a moment where Real Madrid need someone that can bring a happy face to the camp and exploit a mixture of youth and veteran figures.”

The Tony Elumelu Foundation And DEG Partner To Empower 200 Additional Entrepreneurs Across Africa

The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering young African entrepreneurs from all 54 African countries, has partnered with DEG, the German development financial institution supporting the private sector in emerging-market countries, to empower an additional 200 entrepreneurs across Africa.

The initiative will fund 200 additional young African entrepreneurs complementing the US$100m Tony Elumelu Foundation Entrepreneurship Programme that has identified, trained, mentored, and funded over 9,000 entrepreneurs from all 54 African countries since 2015.

The partnership will also help to scale TEFConnect, the Foundation’s proprietary digital platform supporting African entrepreneurs and provide platform access to an additional 500,000 SMEs. The initiative is co-financed by DEG with 1.5 million Euro from the develoPPP Program funded by the German Federal Ministry for Economic Cooperation and Development (BMZ).

In alignment with TEF and DEG’s development policy, the partnership will create jobs and income, boost economic growth and generate local value in Africa. It will make important contributions to the United Nations’ Sustainable Development Goals (SDGs) by providing funding, technical skills and comprehensive business readiness to drive better performance of SMEs in accordance with SDG 1 (No poverty), SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation, and Infrastructure).

Entrepreneurs will be connected to networking support for further skills development, knowledge sharing and market linkages through a lifetime membership on TEFConnect.

n addition, periodic impact assessment of up to 10,000 SMEs will be conducted through the partnership to inform policies and laws that will improve the environment for small enterprises in Africa, directly catalysing Africa’s economic growth and contributing to the continent’s prosperity and social development.

Commenting on the partnership, the CEO, Tony Elumelu Foundation, Ifeyinwa Ugochukwu, stated, “In our continued quest to invest in African entrepreneurs, this partnership will fully capacitize young entrepreneurs to grow their businesses.

DEG is a global player in fostering efforts in emerging markets and developing economies to generate employment, which is a mission we are dedicated to through entrepreneurship. African Entrepreneurs are the engines of growth, innovation, and wealth creation in Africa, and there is no better time to invest in their development.

The projected outcome of this partnership encompasses the entire entrepreneurial value chain and will create a massive opportunity for entrepreneurs to build their ventures while equipping them with the skills to sustain business growth.”

Bernd Tilemann, Head of DEG’s West Africa office added that “DEG is delighted to start this cooperation and especially eager to support TEF’s digitalisation efforts and the drive for impact inclusion and its critical evaluation, which are topics that DEG is very passionate about. We believe these measures will form a great foundation to enable TEF to scale its efforts to boost entrepreneurship and small enterprise development in Nigeria and across the continent.”

The Tony Elumelu Foundation’s US$100 million Entrepreneurship Programme was launched in 2015 to empower 10,000 entrepreneurs over 10 years. Successful applicants receive world-class business training, mentorship, non-refundable seed capital of US$5,000, and global networking opportunities.

The Programme is open to entrepreneurs across all countries in Africa, both new start-ups and existing young businesses, operating in all major economic sectors.

OPEC Group, Allies Again Set For Crude Output Increase

As pandemic-hit demand for crude recovers, the OPEC group of oil-producing countries and its allies look set to boost production further when they meet Tuesday.

The OPEC+ alliance, consisting of 23 countries, implemented sharp output cuts to support prices after the coronavirus pandemic crushed the global economy last year.

But since early May the cartel has started implementing more generous production increases as oil prices have recovered and the health situation improves in developed economies.

Currently the production roadmap for OPEC+ members consists of a series of increases between May and July adding up to some 1.2 million barrels per day (bpd).

On the agenda at Tuesday’s meeting, expected to start at 1100 GMT, will be whether this can be extended into August.

“OPEC+ currently finds itself in a very favourable situation,” said Eugen Weinberg of Commerzbank.

Among OPEC’s allies, Russia has been pushing for faster rises in output but traditional OPEC kingpin Saudi Arabia supports a much more cautious note, pointing to the surge of coronavirus infections in parts of Asia.

“As always, the key flashpoint is likely to be tensions between Russia and Saudi Arabia,” said Matthew Weller, global head of market research at FOREX.com.


“Russia will undoubtedly push for a more rapid increase in production to support its economy, whereas Saudi Arabia is expected to favour the more conservative path agreed upon last month,” Weller said.

Riyadh could point to how markets have been shaken by a vicious third wave of the virus that has swept through India, the world’s third-biggest consumer of crude after the US and China.

Several other Asian countries have also had to adopt virus-related restrictions, representing a brake on demand.

OPEC has remained optimistic in its predictions for 2021, expecting demand to reach 96.5 million bpd, an increase of six million on 2020 levels.

Ministry, SEC Partner To Accelerate Growth In Solid Minerals Sector

The Securities and Exchange Commission (SEC) is working in collaboration with the Ministry of Mines and Steel Development to tackle myriads of problems faced by the solid minerals sector through the commodities exchanges in Nigeria.

The Director-General of the SEC, Lamido Yuguda during a meeting with the Minister of State for Solid Minerals, Dr. Uchechukwu Ogah, in Abuja the nation capital, at the weekend, stated that the core function of a commodity exchange is to create markets by providing a setting, where multiple buyers and sellers can trade commodity-linked contracts, thereby reducing costs associated with finding a buyer or seller with whom to transact.

He listed other benefits of a commodity exchange to include improved quality, standardisation, traceability (tracking the source of every solid mineral), price discovery, price risk management, accepted dispute resolution procedures and facilitating provision of commodity financing.

However, he pointed out that Nigeria has been confronted by significant threats in the last couple of years, which include, structural fiscal challenges underlined by heavy reliance on crude oil for revenue, youth unemployment and increasing insecurity.

He lamented that the worrisome situation has been exacerbated by the pandemic.

He assured that the Federal Government is growing its agricultural and solid minerals sectors as a catalyst for economic growth and diversification to address these challenges.

In the same vein, the commission also set up a market-wide technical committee to undertake a holistic assessment of the existing framework of the Nigeria commodity ecosystem to complement government efforts and deepen the capital market,

He said the committee grouped its recommendations in phases, stating that in the first phase, the objective is to ensure food sufficiency and security, price discovery and market development while in the second phase, focus would include developing strong trades in export commodities.

Yuguda said the third phase should see the introduction of solid minerals, energy and derivatives while the last phase should be geared towards ensuring strong international presence in the local exchanges.

Additionally, he assured that the commission is actively promoting development of the commodities market, especially in areas of Nigeria’s comparative advantage such as solid minerals and agriculture.

Revenue Agencies Remit N1.538trTo FAAC In Q1 2021

In the first three months of fiscal year 2021, revenue-generating agencies in the country remitted the sum of N1.538 trillion into the Federation Account, which was distributed among the three tiers of government at the monthly Federation Account Allocation Committee [FAAC] meetings.

The Chairman of the Revenue Mobilization Allocation Commission [RMAFC], Elias Mbam, whose Commission monitors revenue accretion and distribution in the country, disclosed this in Abuja yesterday, while receiving a revenue performance report from the post-mortem subcommittee of the FAAC.

The report indicated that the Federal Inland Revenue Service [FIRS] made the highest remittance of more than N1 trillion comprising N759.85 billion from Companies Income Tax and other classes of taxation and another sum of N496.390 billion from the Value Added Tax (VAT).

Mbam stated that the Ministry of Mines and Steel Development (MMSD) surpassed its target for the quarter with more than N891. 283 million to remit N2.469 billion.

The Nigerian National Petroleum Corporation (NNPC) made a contribution of N47. 530 billion, the Nigerian Customs Service (NCS), N275.654 billion, while the Department of Petroleum Resources (DPR) remitted N452.510 billion.

The outcome showed that non-oil revenue; particularly taxes, have overtaken oil minerals resources as mainstay of Nigeria’s revenue earner.

Last April, the NNPC reported a zero revenue remittance to the Federation Account, citing huge suns of monies spent on subsiding petroleum products imported into the country to keep the pump price of petrol within the reach of most Nigerians.

Mbam said recoveries of outstanding arrears due to the federation account, formed part of the remittances to the account during the period under review, adding that N260.137 million was recovered and paid into the account.

It would be recalled that a whopping sum of N845.123 billion was recovered from revenue agencies last year alone as withheld revenue to the Federation Account.