Sports
Usain Bolt has been defrauded of $12 million of his savings
Usain Bolt, Jamaica’s Olympic sprinting champion, lost millions of dollars in his account with Stocks and Securities Ltd, an investment company based in Kingston.
The track star’s attorneys said they are ready to file a lawsuit if that will make it possible to recover the $12 million that mysteriously disappeared from Bolt’s account.
It was gathered that there is currently only $12,000 left in the account. Part of the statement by Bolt’s lawyers said:
“The account was part of Bolt’s retirement and lifetime savings,” his lawyer, Linton P. Gordon, told Fortune magazine over the phone. It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension,” Gordon said on Wednesday.
“We will be going to court with the matter” if the company does not return the funds, Gordon said. It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace.”
Stocks and Securities Ltd said in a statement on January 12 that it learned of the fraudulent activity by a former employee and had alerted law enforcement to the situation.
It also said that it had taken measures to secure customers’ assets and tighten protocols.
A separate statement released on Monday by the Jamaica Constabulary Force said the “alleged fraudulent activities at SSL that are said to have affected the accounts of Mr Usain Bolt and other individuals” are being looked into by those teams.
On Tuesday night, Jamaica’s Finance Minister Nigel Clarke claimed that SSL had committed “alarming and evil fraud” and promised to “bring all perpetrators to justice.”
The Associated Press reported that Mr Bolt’s account with the company was created to act as a pension for both of his parents and the eight-time Olympic gold medal-winning sprinter.
Sports
Juventus ordered to pay Ronaldo €9.7m unpaid salaries
Juventus must pay Portuguese star Cristiano Ronaldo 9.7 million euros ($10.4 million) in back wages for the 2020-21 season, the Italian courts announced on Wednesday.
The Court of Arbitration, to which Ronaldo appealed, “orders Juventus Turin to pay the sum of 9,774,166.66 euros”, plus interest and procedural costs, it stated in its decision.
The sum equates to the difference between the salary actually received by Ronaldo and that which he should have received after tax and other deductions.
Ronaldo, who spent three seasons in Italy with Juventus (2018-21) before joining Manchester United (2021-22) and then the Saudi club Al Nassr, was claiming 19.5 million euros but the arbitration panel reduced that by 50 per cent.
Contacted by AFP, Juventus declined to comment, but said it would be issuing a statement “shortly”.
According to the rankings drawn up by the American business magazine Forbes, the five-time Ballon d’Or winner was the world’s highest-paid sportsman in 2023, with $136 million, including $46 million in wages.
Juventus, who are listed on the stock exchange, recorded losses of 123.7 million euros in the 2022-23 financial year, which ran to the end of June, it announced in October.
No provision has been made in the accounts of Italian football’s most successful club, currently third in Serie A, for the payment of this wages backlog.
Sports
EPL to adopt semi-automated offside technology next season
The English Premier League (EPL) says semi-automated offside technology will be used in matches from next season.
The league announced the decision in a statement on its website on Thursday.
The decision was made after a unanimous agreement by all the clubs at a Premier League Shareholders’ meeting.
The technology will be ready for use from the 2024/25 season after the autumn international breaks.
“The new system will be used for the first time in the Premier League next season, and it is anticipated the technology will be ready to be introduced after one of the autumn international breaks,” the statement reads.
“The technology will provide quicker and consistent placement of the virtual offside line, based on optical player tracking, and will produce high-quality broadcast graphics to ensure an enhanced in-stadium and broadcast experience for supporters.”
The first usage of the semi-automated offside technology in top-level football was at the 2022 World Cup in Qatar.
The offside rule has been subjected to change in recent years, with the video assistant referee (VAR) technology also deployed to assist the on-field officials in checking for offside calls leading to a goal.
The EPL further updated its offside rule in the summer of 2023 to include that “a player who is clearly offside should not become onside on every occasion when an opponent moves and touches the ball.”
Sports
Nigerian chess master, Tunde Onakoya sets to break Guinness World Record
Nigerian chess master, Tunde Onakoya has revealed plans to break the Guinness World Record for the longest chess marathon.
Onakoya who made the plan known on his X account on Friday said that he is “doing this for the dreams of millions of children across Africa without access to education.”
He added that the attempt will hold on April 17th at the New York City’s Times Square and he is to play chess for 58 hours without a single defeat.
He wrote, “On the 17th of April 2024, I will attempt to break the Guiness World record for the longest Chess marathon in the heart of Times Square New York City for 58 hours without losing a game. Doing this for the dreams of millions of children across Africa without access to education.”
Onakoya disclosed that the attempt will start at 10am and would be available for all to stream on YouTube.
10am
— Tunde Onakoya (@Tunde_OD) April 12, 2024
It will also be streamed live on YouTube for everyone to follow online.
Need all Nigerians in New York to turn up massively for this one. https://t.co/i5Iy6hZdf5
He appealed to Nigerians residing in New York, urging them to come forward and provide their enthusiastic support as he strives to establish a new world record.
Tunde Onakoya is renowned for his philanthropic efforts, notably utilizing chess as a tool to offer opportunities for young people residing in the marginalized areas, often referred to as ‘slums,’ within the country.
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