@pabsgill US-based financial services firm #JPMorgan is the treasure chest behind one of the biggest disruptions in history of football — the #SuperLeague.
@pabsgill “I can confirm that we are financing the deal, but have no further comment at the moment,” a spokesperson of the American investment bank told news agency AFP.
@pabsgill Most of the clubs are saddled with debt, large wage bills, and the second wave of #COVID refuses to let up. The #pandemic has cost European football an estimated €2 billion (₹20,750 crore) to date, according to Deloitte.
@pabsgill The #SuperLeague is also offering ‘uncapped solidarity payments’ to the tune of €10 billion (₹89,633 crore), which will grow as the league revenues grow over the 23-year term of the contract.
@pabsgill The twelve founding members of #SuperLeague so far include the Premier League’s ‘big six’ as well as the top clubs from Italy and Spain.
They’re being pegged as the ‘Dirty Dozen’, ‘Shameless Six’, ‘The Imposters’ and ‘The Rebels’ in newspapers across #Europe.
@pabsgill The main argument seems to be that there is already a platform that allows clubs from different countries and leagues to compete with each other — the #UEFAChampionsLeague.
@pabsgill Instead of being hailed as something that will improve football, as the founding members claim, fans and pundits are seeing this as a grab for power and money.
@pabsgill The Union of European Football Associations (#UEFA), backed by the Spanish, English and Italian football leagues, has threatened these clubs and their players with bans and legal action.
@pabsgill The deal is yet to be final. The #SuperLeague still needs three more clubs to sign up to make the grand total 15 before it can officially be in business. Regardless, it has plans to kick off ‘as soon as practicable’.
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@Jeegabyte#Facebook might flag off a trial of its currently halted digital currency project by the end of this year, as per CNBC.
The currency, formerly known as Libra, was renamed #Diem in December 2020, after receiving backlash from regulators and the general public.
@Jeegabyte CNBC reported, quoting a source it did not name, that Diem Association, the Switzerland-based body that oversees #Diem's development is planning to launch a pilot with a single stablecoin pegged to the USD in 2021.
@Jeegabyte After releasing the 3D Timelapse feature to track climate change impact on #GoogleEarth, the search giant has now shared a set of climate experiments under the “Heartbeat of the Earth” initiative -- a series of online artworks depicting scientific climate data.
@Jeegabyte The project is a collaboration between Google Arts & Culture Lab, the United Nations Framework Convention on Climate Change (UNFCCC), and a bunch of artists. It was first introduced last year during world environment day.
@pabsgill If you’re an #Engineer in India, the job market is tough. There’s a lot of competition and companies are selective about who they hire. But one thing that can give you an edge over other candidates is the right set of skills — SaaS-y skills.
@pabsgill India’s software-as-a-service (#SaaS) market is still young, but that’s where the real money is, if you’re an #Engineer. The demand is overflowing, especially after the #COVID19Pandemic’s ‘digital transformation’ wave.
@ArvindKejriwal "We have been honest with all the numbers. Number of beds, number of ICU beds, because we are a Family": Delhi Chief Minister @ArvindKejriwal on the #covid crisis.