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Real Madrid Consider Legal Action Against LaLiga

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Real Madrid are considering taking legal action against LaLiga and CVC Capital Partners after the Spanish league agreed to sell 10% of its business to the investment fund for €2.7 billion, without informing Real Madrid a major club in the league.

The money raised from the sale will be distributed among the clubs in the form of a loan, repayable over a significant number of years. The payments will be based on the contributions the clubs have had since the centralisation of audiovisual rights in 2015, with Madrid allocated around €261 million and Barca €270m.

The clubs must spend at least 70% of the money on investments related to long-term growth, 15% on refinancing their debt, and 15% can be used to increase their league-imposed spending limits.

LaLiga announced the landmark deal on Wednesday, and reports say even Barcelona had not yet agreed to the deal doubting if it can be voted through at the La Liga general assembly on Aug. 12.

The Spanish league’s executive committee have already unanimously approved the 10% sale, but it must be ratified at the general assembly next week.

League sources said that despite the concerns some clubs have about the deal, they believe it will be voted through because only two-thirds of the 42 voting clubs in the top two tiers of Spanish football must be in favour.

Real Madrid, Barcelona and Athletic Bilbao are in opposition to the sale, El Independiente reported on Thursday.

According to El Independiente, Madrid were weighing up taking action for asset misappropriation.

The report said that Madrid feel the sale “endangers” their business opportunities by allowing CVC to take make money from, for example, television rights without the club agreeing to the deal.

For their initial investment, CVC will pocket 11% of the money raised by LaLiga through the sale of television rights and sponsorship for the next 40 years.

Madrid said in a statement on Thursday: “This agreement was reached without the involvement or knowledge of Real Madrid and today, for the first time, LaLiga has given us limited access to the terms of the agreement.

“The negotiation was carried out without competitive proceedings and the financial conditions agreed with CVC Capital Partners give them annual returns of over 20%. This opportunistic fund is the same which tried and failed to reach similar agreements with the Italian and German leagues.

“Real Madrid cannot support a venture which hands the future of 42 Primera and Segunda División clubs over to a group of investors, not to mention the futures of those clubs who qualify over the next 50 years.

“Real Madrid will convene the Assembly of Representative Members to debate the agreement and discuss the significant loss of equity, unprecedented in our 119-year history.”

Barcelona said in a statement: “FC Barcelona considers that the operation that has been made public has not been sufficiently verified with the clubs [owners of the TV rights]; that its amount is not congruent with the years of duration and that part of the audiovisual rights of all the clubs are affected for the next 50 years.

“The Club considers the signing of a half-century contract inappropriate given the uncertainties that always surround the world of football.

“The conditions of the contract that LaLiga is talking about condemn the future of FC Barcelona in terms of audiovisual rights.

“FC Barcelona wants to show its surprise at an agreement promoted by Laliga in which it has not had the criteria of teams, like FC Barcelona itself, and does not even show options among more competitors to be able to evaluate the advantages and disadvantages in a scenario with many questions such as the post-pandemic.”

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Takoradi Woman Officially Arrested Over Alleged ‘Fake Pregnancy And Kidnapping’

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Police in Takoradi in the Western Region have officially arrested and detained Josephine Panyin Mensah, a 28-year-old woman who allegedly deceived security officers and the entire country with a pregnancy and kidnapping story, that turns out to be false.

She has been detained at the Takoradi Central police cells.

Josephine was officially arrested on Friday night, September 24, 2021, immediately after the police claimed that she had confessed that her story was a hoax.

“The suspect, Josephine Panyin Mensah, 28, has confessed to the Police during further investigations and stated that neither was she pregnant nor ever being kidnapped. The public will be updated with further details,” police said in a statement.

The woman’s mother, who was also kept in police custody on Thursday, was also released on Friday night.

Meanwhile, residents of Takoradi who initially sympathized with Josephine have expressed shock and disappointment at the turn of events.

Some of them who spoke to Citi News urged the police to conduct a DNA test on Jospehine’s first child.

“The current turn of events is mind-boggling. Now we don’t know which story to believe. We all knew that she was pregnant. When we heard that her story was fake, the whole society was shaken to the core. People around the area claimed that she was pregnant, so now it is difficult to comprehend the police’s contrary report,” a resident said.

Another resident said Josephine’s story is embarrassing.

“I’m convinced that she was not pregnant. It’s putting pressure on women in Takoradi, the Western Region and the whole of Ghana. If she actually has a son, the police should conduct a DNA test to confirm if indeed the son belongs to her husband or not.”

“We’ve been shaken by this story. When we heard that she had been kidnapped, we were worried. But we can’t fathom the new development. I don’t trust the story being bandied around. I will only believe this story when I hear from her directly,” another resident said.

Background
Josephine Panyin Mensah, has been in the news since last Thursday after the media reported that she was nine months pregnant and had been kidnapped during a dawn walk.

She resurfaced a week later at Axim in the Western Region without her alleged pregnancy or baby.

She had claimed that she delivered the same day she went missing and that the kidnappers had stolen her baby.

The Western Regional Minister, Kwabena Okyere Darko-Mensah subsequently claimed Josephine was not pregnant as reported, a claim subsequently corroborated by the Ghana Police Service.

Police conducted two separate medical tests on Josephine at different hospitals, with both reports proving that she was never pregnant.

Josephine’s relatives and neighbours however disagreed with the report of the Ghana Police Service.

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Takoradi Woman Begs For Forgiveness After Confessing She Wasn’t Pregnant

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Josephine Panyin Mensah, the said pregnant woman who was allegedly kidnapped in Takoradi about a week ago, has pleaded with the Police not to prosecute her after confessing she was not pregnant.

The woman at the centre of the controversy on Friday reportedly confessed to a team of medical and investigation officers attending to her at the Effia-Nkwanta Regional Hospital in the Western Region that she was not pregnant.

According to reports, Josephine asked for forgiveness amidst uncontrollable tears from her husband Michael Simons who appears to be innocent and has insisted that his wife was 9 months before reportedly going missing.

She has since been “whisked” to the Takoradi Central Police Station.

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Islamic Televangelist Zakir Naik Takes To Facebook To Seek For Wife For His Son, Lists Conditions

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Popular Indian Islamic televangelist, Zakir Naik has taken to Facebook to seek for wife for his son.

The renowned non-Arabic scholar stated that he is looking for a virtuous Muslim girl of good character for his son Fariq, so they can be a source of guidance and strength for each other.

Naik in the post shared on his verified Facebook page, said a father or relative of a girl who is eligible should respond to his request with the required information.

He wrote;

I am looking for a wife for my son Fariq, a virtuous Muslim Girl of good character, such that my son and his wife can be a source of guidance and strength for each other.

If you are the father or relative of a girl you think is eligible, and who agrees to look into this, I would humbly request you to respond to this post with the required information.

Islamic televangelist Zakir Naik takes to Facebook to seek for wife for his son, lists conditions

Some of the conditions listed on the post which has garnered over 11,000 likes and 1,900 comments, include the girl being a practicing Muslim, abstaining from “haraam” activities, willing to lead a non-luxurious life, has a bachelor’s degree in any Islamic field, fluent in English, willing to settle in Malaysia, propagating Islam and many others.

Naik also attached some of his son’s achievements, a brief information of his mother, himself (Naik) and his son’s siblings.

See the conditions below;

Islamic televangelist Zakir Naik takes to Facebook to seek for wife for his son, lists conditions

Islamic televangelist Zakir Naik takes to Facebook to seek for wife for his son, lists conditions

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