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Promotion To EPL Worth £120m For Clubs

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Promotion to the Premier League will be worth £120m to both Watford and Bournemouth, according to leading football finance experts.
Watford earned promotion at the weekend and the Cherries all but sealed their place in the top flight on Monday.
Only defeat, a Middlesbrough win and a 20-goal swing on the final day of the season can deny them promotion.
“The reach of the Premier League is extraordinary,” Trevor Birch, of business advisory experts BDO, said.
“It’s now in more than 200 countries and reaches four billion people so Bournemouth, in that respect, is going to be catapulted into the world’s view.”
For Bournemouth, promotion to the Premier League would be their first season in the top flight while Watford return after an eight-year absence.
It is a stark contrast from the administration-hit years of 1997 and 2008 when the Cherries came close to liquidation.
Rob Wilson of Sheffield Hallam University added to Tidesports source that “an estimate for a newly-promoted club is £120m”.
That comes from around “£100m from television and media” as well as “another £20m from commercial revenue” in the form of advertising in the last season before the new £5.1bn Premier League TV deal comes into effect.
Birch added: “They will then also have an enhanced value in terms of sponsorship because you are being broadcast across the world. They will have slight uplift on the stadium revenues but it won’t be significant compared to the TV revenues.”
With a current capacity of 11,700, Bournemouth’s Goldsands Stadium will be the smallest in the Premier League and with a population of 90,300, Watford will also be one of the smallest towns in the top flight.
And while there may be a small uplift, Robert Barnard, who specialises in leisure and hospitality for BDO, says Bournemouth’s stadium capacity will limit any major benefits for the town.
“It’s all relative to the capacity of their ground,” Barnard told our source.
“Yes once it is in the Premier League it will gather a lot more interest.
But at the moment Bournemouth does very well as a south coast town. It benefits from having party conferences, for example, but also has a pretty robust corporate life. There is good demand for the hotels down there.
“If they were to expand there could be a knock-on effect. Bournemouth last year did 78% occupancy so only 22% of its rooms went unoccupied for the year and in fact its performance versus 2013 improved by 8.5%. That shows Bournemouth is not at all dependent on away supporters filling its hotel rooms, it can do it for itself.”
And while the figures of £120m sound extraordinarily large, there was a word of warning for both Watford and Bournemouth.

Giwa FC players celebrating their away draw with Lobi Stars in Makurdi at the weekend

Giwa FC players celebrating their away draw with Lobi Stars in Makurdi at the weekend

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Chess Championship: Dan-Jumbo Emerges Best Female Player

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The third edition of Naphtail Chess Open Championship which ended on Wednesday  in Port Harcourt saw Rivers State born Queen Dan-Jumbo emerged best female player in the tournament following her impressive performance.

 

It was clash of the Titans as  top Chess players in Nigeria gathered to chase honours.

 

The three days competition was held at Vee Hotel, Trans Amadi ,in Port Harcourt and over 80 players in Nigeria  registered for the tournament this championship was recognised by  International Chess Federation (FIDE).

 

Speaking with Tidesports in an exclusive interview on Saturday, Dan-Jumbo said her dream was to become Grand Master in  Chess worldwide.

 

According to her, she started playing Chess at the age of 15 but went into it professionally in 2009 as she represented Rivers State in National Sports Festival (NSF) in Kaduna, the same year.

 

“I started playing Chess in the early 2000s. I picked the interest through my my elder brother as him and his friends always play Chess in our compound so I began to learn it.

 

” In 2009 I went to  National Sports festival in Kaduna represented Rivers State and I  won a silver medal on my board.

 

“In 2011 and 2012  NSFs  I won two Gold medals each hosted by Rivers and Lagos States respectively. While in Edo NSF I won bronze medal” Dan-Jumbo said.

 

The Asari-Toru, in Rivers State  born Chess player use the forum to advice upcoming Chess players to be focus, saying losing a game is part of every competition but the  most important thing was that you don’t lose hope.

 

“My advice for upcoming chess players was that don’t lose focus. Even when you lose, find a way to adjust and get back out”, she added.

Tonye Orabere

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Siasia Blames NFF Over FIFA Ban

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Former Super Eagles Coach, Samson Siasia says the Nigeria Football Federation supported FIFA to have him banned for alleged involvement in match-fixing in August 2019.
In a recent interview with Athlist, the 56-year-old, whose ban ends in a few months, said the NFF not only refused to support him but also carried out FIFA’s instruction not to let him know he was under investigation by the world football body.
“Nigeria abandoned me at that time of need; that’s my own take on how this thing played out,” the former Eagles striker and member of the 1994 AFCON-winning squad, said.
“It’s an allegation; they said bribery. What is bribery? Is it not when money changes hands? Was there any proof of that? There were none.
“I spoke with someone who was trying to hire me as a coach in Australia. I didn’t know the guy was a match-fixer, but FIFA knew this guy. Why would they allow him to be around any FIFA tournament?
“So, when they found out through emails, our correspondence about how this guy would take me to Australia, I played in Australia, so I felt it would be nice to go back there.
“We talked about how much salaries, transfers, bonuses, and sign-on fees were, and that was all.
“When FIFA was looking for me, I didn’t even know. I am not affiliated with FIFA; their affiliation is with the NFF. So, they went to the NFF and told them not to let me know that they were investigating me. But if they didn’t tell me, how was I supposed to defend my self Siasia added, “Then they sent me a letter, but it went to my spam. It was two days before the ban that I found out that FIFA was looking for me.
Siasia added, “Then they sent me a letter, but it went to my spam. It was two days before the ban that I found out that FIFA was looking for me.
“Then we started to see how we could communicate with them to see how I could have a hearing. But they said the time had elapsed and I should go to the CAS (Court of Arbitration for Sport).

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WADA Plans Review Of Failed Tests

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The World Anti-Doping Agency (WADA) will launch an independent review after 23 Chinese swimmers were cleared to compete at the Tokyo Olympics despite testing positive for a banned substance.
WADA has said it was not in a position to disprove an assertion from the China Anti-Doping Agency (CHINADA) that contamination was the source of the heart medication trimetazidine (TMZ) for which the swimmers tested positive.
Findings of the independent investigation, led by Swiss prosecutor Eric Cottier, are expected to be delivered within two months.
“WADA’s integrity and reputation is under attack,” said Wada president Witold Banka.
“WADA has been unfairly accused of bias in favour of China by not appealing the CHINADA case to the Court of Arbitration for Sport.
“We continue to reject the false accusations and we are pleased to be able to put these questions into the hands of an experienced, respected and independent prosecutor.”
United States Anti-Doping Agency (USADA) Chief Executive Travis Tygart said WADA and CHINADA had swept these positives under the carpet, claims WADA described as completely false and defamatory while adding that it had referred the comments to its lawyers.
Aquatics GB said it was extremely concerned by the allegations, which it said threatened “potential loss of trust and reputational damage to sport”.
WADA was notified of CHINADA’s decision in June 2021, ahead of the delayed Games, and said it had no evidence to challenge China’s findings and that external counsel had advised against appealing.
In addition to the independent investigation, WADA said it will send a compliance audit team to assess the state of China’s anti-doping programme and invite independent auditors “from the broader anti-doping community” to join the trip.
WADA director general Olivier Niggli said: “While not one shred of evidence has been presented to support any of the allegations made against WADA, we wish to deal with the matter as quickly and as comprehensively as possible so that the matter is appropriately handled in advance of the upcoming Paris Olympic and Paralympic Games.”
Details of the positive tests were revealed by the New York Times, which shared reporting with German broadcaster ARD.
China won six swimming medals at the Tokyo Olympics, including three golds.

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