Chen’s signings already pay him: – 10.07 million

first_imgRubén Duarte0.4 Beautiful12.5 Total102.7 Raúl de Tomástwenty-one NamePrice Álvaro Vázquez3 Borja Iglesias10 Marc Navarrotwo Vargas10.5 Oier1.5 Darder8 Jury1.5 NamePrice Didac0.25 Mamadou2.3 Cabrera9 Javi Fire0.75 Embarba10 Oscar Duarte1.15 Jordanone Roberto Jimenez3 Borja Iglesias28 Jordan (c. Future sale)2.4center_img PURCHASES SALES David Lopez4 In just three weeks, since the signing of Raúl de Tomás became official on January 9 until Oier Olazabal arrived, on the 31st, Chen has invested more in signings than ever, concentrating on just one market and just four players (the two mentioned, plus Adrián Embarba and Leandro Cabrera) almost 40 percent of the money that, since its landing in January 2016, had been used in reinforcements. And the most striking: four years later, Chen gets paid. The difference between your investment in incorporations, that now increases to 102, millions of euros, and Revenue from transfers, amounting to 92.63 million since last summer, it’s from 10.07 ‘kilos’.This is an exceptional behavior for an emergency situation (“Chen prefers to spend the money to stay than to go up,” Vice President Carlos García Pont explained on a couple of occasions). And this is how Espanyol has become the LaLiga team that has most invested in signings in this winter market, and surpassing the following one in more than ten million, Real Madrid and its 30 by Reinier Jesus. Anyway, surely this huge expense even enters the plans of the Chinese tycoon. Álvaro González4 Javi Fireone Baptistao7 Gerard Morenotwenty Aaron Martin9 Buying and selling in the Chen era As unperturbed as his pose, which hardly knocks down with a smile in his few public appearances (and null press conferences), he had been the policy of signings of Chen Yansheng in Espanyol. Fully fulfilled his already famous 50-40-10, consisting of reinvesting each sale half in a signing, 40 percent in repairing debt and one tenth in improving the club. Until, en the winter market that ended last Friday, the owner of Espanyol decided to throw the house out the window. Caicedo2.5 Pau (future sale clause)1.08 Baptistao6 Calero8 Naldo2.5 Piatti1.3 Chest0.7 Total92.63 Balance-10.07 It is no coincidence that, before the winter market, the Espanyol had a budget of 20.64 million (before taxes) for this year, a record higher than the sum of all the benefits of the last decade. This course is also exceptional in television, commercial income and, in general, all the derivatives of participating in the Europa League and of having Wu Lei on the roster. A mattress with which to face those signings unthinkable in any other season.Even so, Chen would not even get the accounts out after disbursing 41.5 million in three weeks, in a year in which he will also convert 50 million of the club’s debt with his company into shares. His unwavering policy of 50-40-10, once the sports situation is resolved, suggests that a sale will be made before the end of the exercise, on June 30. It has been and it will be.last_img read more

Harmon urges Magistrates to take note

first_imgProposed changes to ganja lawThe Coalition Government is now urging Magistrates to take notice of the proposed changes to the ganja law when imposing sentences in such matters.Though the Bill is still in its preparatory stage, Director General of the Ministry of the Presidency, Joseph Harmon on Thursday said that since Government’s decision on the matter is clear, that is that custodial sentences for persons found with 30 grams or below of marijuana cannot be incarcerated, all Magistrates in Guyana should take note.“But in the interim, since it is clear what Government’s position is on this matter, I believe that there is some High Court ruling which says that Magistrates can take notice of situations like this and to exercise that discretion even now before the law becomes put into place so that it affects everybody. So I believe that it is something which our judiciary can take notice of, we are not saying that they have to do it but they can take notice of it and so the guidelines which they used for sentencing that this can be taken into consideration and the fact that the law is moving” Harmon said.According to Harmon, since Guyana’s prisons are filled with people being penalized for petty possession offenses, the National Assembly is seeking to have the new Bill read as quickly as possible.“In the present system under the Anti-Narcotics and Psychotropic substances act, a magistrate does not have a discretion, once you are found guilty, they have to sentence you and so this is why many of our prisons are piled up with young men who could have been doing something a bit more beneficial to society but they are piled up in there because of this. So we are hoping to have this matter dealt with in the National Assembly as quickly as possible…” Harmon assured.The existing Narcotic Drugs Act of 1988, which criminalizes marijuana use, does not have discretion when dealing with matters above a certain level. It mandates a three-year jail sentence for persons caught with the substance.Over the past few months however, several groups including politicians have called for the removal of custodial sentencing for small amounts of marijuana.This had stemmed from the sentencing of a 27-year-old man to three years for having eight grams of cannabis in his possession.The AFC had called on all legislators to move with alacrity in upgrading the laws of Guyana to ensure that custodial sentences for small quantities of marijuana are removed from the books in their entirety.Opposition Leader Bharrat Jagdeo had also rallied around this proposal but maintained that he is not in favour of the legalisation of marijuana for commercial purposes.Jagdeo is however now slamming contending that the move – at this point – is in breach of the Constitution and the Caribbean Chief Justice (CCJ) ruling.According to the CCJ, the government should be in caretaker mode, since it was defeated by a no-confidence motion last year.At his press conference held on Thursday, Jagdeo, insisted that an illegal cabinet cannot approve the removal of custodial sentences for small amounts of marijuana.“We made it clear at the beginning, we said that the PPP would allow a conscience vote on the matter, we put it in our 2015 manifesto…we have been urging them, they had a bill from 2015 in Parliament and we are now in 2019, and they didn’t find time to discuss any of it and to bring it forward but they find time to increase their salaries and perks by 50-100% but now we are approaching elections suddenly marijuana become decriminalized” Jagdeo pointed.The Opposition has already condemned this move, saying that it is illegal and an attempt to mislead the public.Furthermore, the Opposition noted that the Coalition had four years to address the issue of removing custodial sentences for possession of small quantities of marijuana but failed to do so.last_img read more