Barça players would accept a salary cut

first_imgLaLiga Santander* Data updated as of March 22, 2020 At the board of directors held earlier in the week, club executives informed managers that these losses were “unrecoverable” and that it was necessary to begin to rethink the budget that in September was approved in the assembly of 1,047 million compromisarios, which was the historical record of the Catalan entity.It must be remembered that the players themselves, in this case Gerard Piqué, They already confirmed that last summer they were willing to postpone the entry of their wages so that the club could face the economic effort involved in facing the operation of the return of Neymar. from Parías Saint-Germain in a transfer that was desired by the squad, but that the club did not have the financial muscle to assume.The talks are at an early stage, but availability on both sides is adequate. Now what agree once the landscape that has caused the coronavirus crisis is clarified. That is, to know if the competitions are going to resume, when and under what conditions.In addition, Barcelona, ​​like most teams advocates a collegiate action sponsored by the European football association (ECA) that on Monday should discuss this issue at a meeting to be held by videoconference The FC Barcelona squad is not going to put up insurmountable difficulties if the situation triggered by the coronavirus forces to rethink economic policy of the club on the downside impacting on the salaries of the players.The contacts between the president of the entity, Josep Maria Bartomeu, and the captains of the team in this sense they are on the right track since from the locker room it is understood the difficult situation that they are going through, not only Barcelona, ​​but all the European teams that are already seeing their income substantially reduced due to the closure of activities .A suspension that not only affects sports activity depriving the entities of receiving money for box office or television rights, but it affects in many areas of the club fundamental to maintain the economy of these companies such as the money that is collected in schools spread around the world, by sponsorship campaigns , sale of material in stores that are now closed or visits to the museum or the stadium in addition to the events that are organized in the club facilities at all levels.last_img read more

Back to Business Congress Passes Funding Resolution

first_img 2018 budget Federal Government funding government shutdown Senate 2018-01-22 David Wharton January 22, 2018 673 Views Back to Business: Congress Passes Funding Resolution in Daily Dose, Featured, Government, Headlines, journal, Newscenter_img Share This is a developing story, please check back for updates.6:24 p.m. CSTThe House has voted and approved stopgap spending bill to fund the government through February 8. The measure now heads to President Trump’s desk for final sign-off.__________________________________4:08 p.m. CSTSeveral hours after voting to end debate on the stopgap resolution to fund the government through February 8, the Senate passed the resolution along bipartisan lines. The resolution now returns to the House, where it is expected to pass.__________________________________After a weekend spent in intense negotiations, the Senate reconvened Monday to try and end the government shutdown that was entering its third day. After much debate, the Senate passed a vote to end debate on the spending resolution, clearing the path for a final vote on the stopgap spending bill, which must then also pass a vote in the House of Representatives. The procedural vote passed 81-18.Senator Chuck Schumer (D-New York) said of the vote, “In a few hours, the government will reopen. We have a lot to do.”“Should these issues not be resolved by the time the funding bill before us expires on February 8, so long as the government remains open, it would be my intention to take up legislation here in the Senate that would address [the Deferred Action for Childhood Arrivals program (DACA)], border security, and related issues as well as disaster relief,” McConnell said. He added that “this immigration debate will have a level playing field at the outset and an amendment process that is fair to all sides.”The resolution also includes an extension for the Children’s Health Insurance Program (CHIP).As previously reported, the shutdown is likely to affect the industry in three major ways: FHA and VA mortgage loan originations could be impacted due to government workers not being in office; loan applications will be held up if lenders can’t obtain verification of social security numbers; and mortgage firms won’t be able to process loans if the IRS is not available to verify borrowers’ tax returns, effectively creating a backlog when the government eventually re-opens.”It’s going to take a little longer to get those loans funded,” Kelly Decker with First United Bank Mortgage told NBC, referencing lenders not being able to obtain IRS data due to the shutdown. “[If the homebuyer] had planned on moving trucks showing up on the last day of the month, it might mean they have to wait maybe another three, four, five days, depending on how long the shutdown takes,” Decker said.As companies brace themselves for what a prolonged shutdown could mean, Ginnie Mae announced on Sunday that its operations will continue despite the shutdown. In a press statement the Ginnie Mae insured investors that:During a lapse in government funding, Ginnie Mae will reduce staffing to essential personnel levels. Importantly, Ginnie Mae will continue to remit timely payment of principal and interest to investors. There will also be no disruption of essential functions like the granting of commitment authority and support for continued issuance of Ginnie Mae-guaranteed Mortgage Backed Securities (MBS) and REMICs.Many are looking to the 2013 shutdown for guidance. But the fundamental changes to the industry in the past five years may mean we are in unknown territory. To learn the full impacts of a prolonged shutdown, the 2013 shutdown, which lasted 16 days, can be a guide, however other changes in the market will impact the total cost of the current shutdown.“In the past decade, government involvement in the housing industry has precipitously increased, hastening an even greater dependence on the federal institutions that would be affected by a potential government shutdown,” said Five Star Institute President and CEO Ed Delgado. “I call on all congressional stakeholders to stop using the needs of American homeowners as leverage for achieving their policy goals.”last_img read more