Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Friday, 17 July 2026

RICK ROSS TO LEBRON JAMES DITCH THE DUNKS ... Come Chase Billions In MIA!

Rick Ross is putting on his boss hat -- and dropping some straight-up career advice on LeBron James!

The Miami rap legend and die-hard Heat fan sat down with TMZ Sports in NYC this week and made it crystal clear where King James should take his talents next ... a return trip to South Beach.


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And, not necessarily for rings or highlights (not only, at least) ... but for the bag.

"I'm talking from a boss's perspective," Ross told us. "The boss move is for LeBron to come to Miami where the most billionaires are at. Because of his brand. You got to feed the other 30 businesses that Bron has created."


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Rozay makes it clear he isn't shading Cleveland -- one of the favorite landing spots for LBJ -- in fact, he likes The Land a lot ... but it doesn't quite live up to South Beach.

"Cleveland, I just left Cleveland two days ago. Amazing city. We had an amazing pool party. But it ain't nothing like Miami," Ross said.

"This is about business, guys. I know you guys who are still fascinated, who want to see him jump from the free throw line and dunk. No, I want to see him make some of the biggest empires and put his logos on some of those new big buildings downtown in Miami. And do more business with the billionaires that's down there."


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In other words, the math's simple, the way Rick sees it.

"I'm sure there's more billionaires in Miami than it is in Cleveland. So it's a lot of money to get. And what y'all want to do? Watch Brian get more money on, right? Right?"

LeBron's future is without any debate one of the biggest storylines in the NBA right now, and if Ross has his way, the Heat -- who just traded for Giannis Antetokounmpo -- would be bringing in one of the G.O.A.T.S. to fill up the stat sheet.

Oh, and to back up the Brinks truck!

- TMZ Sports 

Wednesday, 24 June 2026

ANTHONY GORDON'S HUGE £80M BARCELONA DEAL WITH THREE CLAUSES SET TO MAKE NEWCASTLE MILLIONS

Anthony Gordon's sale to Barcelona could prove highly lucrative for Newcastle United down the line


Anthony Gordon made a big-money move to Barcelona before the World Cup(Image: Getty Images)


Anthony Gordon's move to Barcelona this summer could end up landing Newcastle United millions due to three clauses inserted into the deal. While he's been at the centre of one of the biggest transfers of the summer, the Liverpudlian winger failed to impress for England against Ghana on Tuesday evening.

In fact, so far, he's looked a shadow of the man that the Catalan giants shelled out in excess of £69.3million for. Three Lions boss Thomas Tuchel elected to keep Gordon in his starting line-up for the tie with the Black Stars despite also underperforming in England's 4-2 win over Croatia last week.

Gordon's speed, directness and ability to race to the byline are just some of the reasons Barcelona chose to move for him over Marcus Rashford, who had impressed on loan at Barca last season. However, Gordon will do well to keep his place for England's clash with Panama on Saturday night.

Despite Gordon more often than not starring for Newcastle during his time in the North East, there'll be sections of the fanbase who believe they've had the better end of the deal with the player currently struggling at the World Cup.

He's signed on for five years in Spain and the figures involved are rather astonishing. His deal is set to expire in 2031 and it's thought he's pulling in £300,000 per week, for an annual salary of £15.6 million. Over the full five years of his contract, this amounts to around just shy of £80m.

Gordon, who joined Newcastle from Everton in 2023, cost the club £45m. The deal to take the attacker to the Camp Nou will see 15 per cent being paid to the Toffees.


Gordon struggled to make an impact against Ghana(Image: Getty Images)


With that in mind, the Magpies' trio of clauses mean there's a reality where they will bank much more than the initial fee for Gordon in the future.

Here we take a look at the trio of clauses, which were added to the deal by the club's sporting director Ross Wilson, and just how much Newcastle could bank from the deal.

The 60% Appearance Clause

Newcastle will receive £860,000 (€1m) per season if Gordon features in at least 60 per cent of Barcelona's fixtures, something he has never struggled to do during his time at St James' Park. If he stays fit and remains a regular starter, Newcastle will max this out at £4.3m (€5m) by the end of his contract.

The Silverware Clause

A further £4.3m (€5m) will be paid to Newcastle if Gordon helps Barcelona win trophies during his stint at the Camp Nou. This could bode well for the Magpies with Barcelona having won La Liga for the past two consecutive seasons.


He signed a five-year deal(Image: Adria Puig/Anadolu via Getty Images)


Sell-On Clause

Newcastle also wisely inserted a sell-on clause into the deal. While the exact percentage has been kept under wraps, it will ensure that the North East outfit will take a cut of any future transfer fee. This is typically based on the sale's profit if Barcelona choose to cut ties with Gordon before his contract expires.

- Chris Burns

Monday, 22 June 2026

BILLIONAIRE ATHLETES

 


David Beckham is a billionaire, worth $1 billion by our count—one of just seven living pro athletes (Jordan, Magic, Tiger, LeBron, Federer and retired Romanian tennis ace Ion Tiriac) to manage the feat.

Read more about how Beckham became a billionaire: https://www.forbes.com/sites/maneetahuja/2026/05/20/new-billionaire-david-beckham-on-his-family-team-and-legacy/?utm_source=ForbesMainFacebook&utm_medium=social&utm_campaign=ForbesMainFB

- Forbes

Thursday, 4 June 2026

BENFICA CONFIRM €15M JOSÉ MOURINHO SWITCH TO REAL MADRID

Real Madrid will have Jose Mourinho as their new manager, barring a shock U-turn. The Portuguese manager is set to return to the Santiago Bernabeu 13 years after leaving the club, as he again seeks to intervene against a Barcelona that is coming off successive title wins.

For some time, Mourinho has been slated to take over from Alvaro Arbeloa, when it was first reported in late April that President Florentino Perez was pushing for his return. The matter has been delayed by Perez’s decision to call elections, but Perez has continued to make moves despite being midway through elections. On Wednesday night, his campaign channel confirmed Mourinho would be his new manager.

Benfica confirm Real Madrid will pay Mourinho release clause


Image via Angel Martinez/Getty Images


Had Perez decided to move for Mourinho before the 26th of May, he could have signed him for just €3m, yet his release clause has risen since to €15m. As Benfica are on the stock market, they are forced to declare their moves publicly, and have thus announced that Real Madrid have activated Mourinho’s clause. He is to join Los Blancos on a three-year deal.

What happens if Enrique Riquelme wins the elections?



It is expected that Perez will emerge victorious in the elections on Sunday, after which Mourinho will be appointed as the new manager. Yet presidential rival Enrique Riquelme has declared that he is not in favour of having Mourinho as manager, and has another option lined up. It has not been revealed whether that is the case, but it would be no surprise if Mourinho’s contract included a get-out clause in case Perez loses the elections. Were that not to be the case, it would certainly be an uncomfortable.

- Ruairidh Barlow


Wednesday, 13 May 2026

LIONEL MESSI TOPS SON HEUNG MIN AS HIGHEST PAID MLS PLAYERS REVEALED

Lionel Messi tops Son Heung Min as highest paid MLS players revealed
Lionel Messi's salary has been confirmed by Major League Soccer

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Lionel Messi more than doubled his salary to $25m (£18.5m) in his new contract with Inter Miami and earns more more than twice as much as the second-highest-paid player in Major League Soccer, Los Angeles FC's Son Heung Min.

Messi’s new contract includes $25m in base salary and more than $28m in guaranteed compensation, the MLS Players’ Association said in its first release of 2026 salaries. The eight-time Ballon d’Or winner earns more than the payrolls of 28 of the other 29 MLS teams.

Miami's $54.6m (£40.4m) is more than $20m (£14.8m) higher than LAFC, which is second at $32.7m (£24.2m), and nearly five times as much as Philadelphia's league-low $11.7m (£8.65m). Miami's payroll is up from $46.8m (£34.6m) at the start of last season.

Total league compensation was $631m (£467m) and the average guaranteed compensation of $688,816 on 16 April was up nearly nine percent from the start of October.

Messi signed a new three-year contract through the 2028 season in October before leading Inter Miami to its first MLS title.

The Argentina captain has 59 goals in 64 regular-season games with Miami, including nine in 11 matches this season. He topped the MLS scoring charts with 29 goals last season and won his second straight MVP award.

His salary figures are for his MLS contract and include any marketing bonus and agents fees but do not account for any additional agreements with the team or its affiliates, or for any performance bonuses.


Lionel Messi tops Son Heung Min as highest paid MLS players revealed
Son Heung Min joined LAFC at the start of the season
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Son is second at $10,368,750 (£7.7m) in base salary and $11.2m (£8.3m) in total compensation, the same as his figures last season. The 33-year-old winger joined LA from Tottenham last August.

Among the other highest earners in the league after former Newcastle creator Miguel Almiron ($7.9m; £5.84m) and Vancouver Whitecaps’ Thomas Muller, who earned $5.15m (£3.81m) after leaving Bayern Munich last summer.

Cincinnati centre-back Miles Robinson ($3.95m; £2.92m) was the top earner among likely inclusions in Mauricio Pochettino’s United States squad for the 2026 World Cup.

- Associated Press

Thursday, 30 April 2026

LIV GOLF SEEKS 'LONG-TERM FINANCIAL PARTNERS' AS SAUDI ARABIA'S PIF CONFIRMS EXIT

 

[US, Mexico & Canada customers only] Feb 5, 2026; Riyadh, SAUDI ARABIA; Bryson DeChambeau in action during the second round of play at LIV Golf Riyadh at the Riyadh Golf Club. Mandatory Credit: Reuters via Imagn Images


LIV Golf plans to continue without the financial backing of Saudi Arabia's Public Investment Fund, touting "100% year over year" financial growth in 2026.

The Public Investment Fund (PIF) formally announced it would end financial support of LIV Golf at the end of the 2026 season.

"PIF has made the decision to fund LIV Golf only for the remainder of the 2026 season," a PIF statement read Thursday. "The substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF's investment strategy. This decision has been made in light of PIF's investment priorities and current macro dynamics."

Under a reshaped model, LIV established a new, independent board and envisions further commercial agreements to stabilize the intended PGA Tour competitor.

"LIV Golf is transitioning from a foundational launch phase to a diversified, multi-partner investment model, with a formal process underway to attract long-term financial partners," the circuit said in a statement Thursday, hours after learning the financial underpinning from the PIF was ended.

Signs of a fracture in the PIF-LIV emerged earlier this year and simmered to the surface last week, when ESPN obtained an email LIV CEO Scott O'Neil sent to staff claiming the 2026 season will continue "exactly as planned, uninterrupted and at full throttle." He made no mention of LIV's future beyond 2026, however.

LIV said the new board will be headed by Eugene Davis, the Chairman and Chief Executive Officer of PIRINATE Consulting Group LLC and Jon Zinman, the founder and managing member of JZ Advisors LLC. They are tasked primarily with "institutionalizing the league, formalizing its ownership structure, and evaluating the range of strategic opportunities," LIV Golf said Thursday.

Founded in 2021, LIV Golf made its debut in June 2022 and used lavish, guaranteed contracts to lure dozens of stars like Dustin Johnson, Phil Mickelson, Jon Rahm and Bryson DeChambeau away from the PGA. PIF has provided LIV with more than $5 billion, but the league has reportedly lost millions of dollars per year. Earlier this month, Yasir Al-Rumayyan, PIF's governor and LIV's main financial backer, shared a plan for the kingdom to cut back on international investments and focus on more domestic projects.

DeChambeau, Cameron Smith and Rahm reportedly turned down the opportunity to return to the PGA Tour earlier this year. According to MSN.com, some LIV players have reached out to the DP World Tour.

--Field Level Media

Wednesday, 22 April 2026

COST OF PUTTING A LOGO ON MICHAEL SCHUMACHER'S CAR IN 2006 | F1 FERRARI


 

Ever wondered how much it costed to put a logo on Michael Schumacher’s Ferrari in 2006? 💰🏎️ 

The sponsorship game has fundamentally changed. Looking back 20 years, Ferrari’s financial engine was a different world: 

The “Whale” Era (2006): One logo—Marlboro (Philipp Morris) —bankrolled nearly half the team with a staggering $180M deal. Along with Vodafone and Shell, just three brands carried almost the entire team. One year before the legendary Barcode Branding. 

Total Sponsorship back then already~$320M. Big money Business! 💰

 #f1 #branding #ferrari #schumacher

- Historic F1

Sunday, 25 January 2026

PATRICE MOTSEPE JOINS $4 BILLION CLUB AMID MINING RALLY AND GLOBAL EXPANSION

South African mining magnate Patrice Motsepe, who serves as president of the Confederation of African Football (CAF) and is an in-law of President Cyril Ramaphosa, has joined the $4 billion net-worth club, propelled by a rally in gold and copper assets and a strategic expansion into Australia.


Patrice Motsepe joins $4 billion club amid mining rally and global expansion

  • Patrice Motsepe, South African mining magnate and CAF president, has reached a net worth of $4.2 billion.
  • His wealth growth is attributed to his mining interests in African Rainbow Minerals and Harmony Gold Mining Co.
  • Motsepe's ventures now include significant investments in Australian mining, highlighting a strategic copper shift.
  • He diversifies into other sectors including financial services and renewable energy through African Rainbow Capital.
  • This achievement positions him among a select group of African billionaires who surpass the $4 billion net worth milestone.

Motsepe’s fortune is now estimated at about $4.2 billion, placing him among the world’s top 1,000 richest individuals, according to Forbes data, and making him the fourth South African to ever reach the $4 billion milestone.

The achievement places Motsepe in a small group of African billionaires who have surpassed the $4 billion mark, including Aliko Dangote, Africa’s richest person; Johann Rupert, the luxury-goods billionaire behind Richemont; Nicky Oppenheimer, the former De Beers heir; Nassef Sawiris of Egypt; Mike Adenuga of Nigeria; and Abdulsamad Rabiu, the Nigerian industrialist whose fortune is anchored in cement and sugar.

Mining strength underpins wealth gains

Motsepe’s rise has been driven largely by his exposure to mining assets, particularly gold. He is the founder and largest shareholder of African Rainbow Minerals Ltd. (ARM), holding a 45.9% stake, and maintains an indirect interest in Harmony Gold Mining Co., South Africa’s largest gold producer.

ARM shares have risen more than 15% since the start of the year, lifting the company’s market capitalisation to roughly $3 billion and increasing the value of Motsepe’s stake to about $1.37 billion.

Harmony Gold shares have gained over 12%, taking the company’s valuation to approximately $14.4 billion and pushing the estimated value of Motsepe’s indirect holding to around $1.7 billion.

The gains have coincided with a surge in gold prices to record levels, as investors reassess monetary policy expectations and seek refuge in safe-haven assets.

Australian copper push signals strategic shift

Motsepe’s mining exposure is no longer confined to Africa. Through his influence at Harmony Gold, the billionaire has backed a significant expansion into Australia, marking a strategic push into copper, a metal critical to electrification and the global energy transition.

Harmony recently completed the $1 billion-plus acquisition of MAC Copper Ltd., owner of the high-grade CSA Copper Mine in New South Wales, one of Australia’s longest-running underground copper operations.

The company is also advancing the Eva Copper project in Queensland, with total development spending expected to reach up to $1.7 billion.


Nasser et Motsepe


From first Black billionaire to diversified capital allocator

Through African Rainbow Capital, Motsepe has stakes in financial services, technology, infrastructure, and renewable energy, including Tyme Group, a Singapore-based digital bank operating across Africa and Southeast Asia.

Despite this diversification, his wealth growth comes amid a $195 million Tanzanian mining lawsuit against his firm, highlighting the challenges of cross-border resource investments.

Nevertheless, crossing the $4 billion mark remains rare among African billionaires, underscoring how commodity exposure, strategic diversification, and influence in sport and politics can elevate industrialists to the global wealth elite.

- OLAMILEKAN OKEBIORUN