An Xmas surprise
EURO WEEKLY NEWS’ favourite columnist Leapy Lee, best known for his 1968 hit Little Arrows, is making a festive comeback this Christmas with a new single.
At 85, Leapy Lee is as active as ever, performing cabaret shows four times a week at various hotels in Mallorca, where he has lived for over four decades. His upcoming holiday release will feature a fresh, seasonal take on Little Arrows, the song that sold 3.5 million copies and topped the charts in 18 countries. Although it reached number two in the UK, Little Arrows was famously held from the top spot by The Beatles’ Hey Jude.
Leapy Lee’s hit earned him global fame, landing number one in South Africa, Canada, and Australia, and his other single Good Morning charted at 22 in the UK.
Leapy’s career also in-
Gourmet glory
MALLORCAN chef Santi Taura has been honoured with the award for Best Traditional Cuisine of Spain and Portugal at the recent Condé Nast Traveler awards ceremony.
The chef oversees the kitchen at U Vicenç, the gastronomic restaurant within the El Vicenç de la Mar hotel, located in the bay of Cala Molins, just seven kilometres from Pollença.
“We are very, very proud to receive the award for Best Traditional Cuisine,” the chef confirmed.
This recognition of traditional Mallorcan cuisine comes from one of the leading travel and lifestyle publications internationally. The restaurant team accepted the award at a gala on Monday October 28 at Museo Chicote in Madrid. With this accolade,
Santi Taura highlights the culinary heritage of the Islands, continuing his tribute to tradi tional stews and recipes deeply connected to the land.
cludes a historic first: he was the inaugural rock ‘n’ roll performer at London’s Palladium, where he shared the stage with legendary British entertainers like Harry Secombe, Hattie Jacques, and Eric Sykes in the 1958 show Large as Life.
Now, as a proud father of six, Leapy’s music continues to entertain fans across generations. Already scheduled for numerous shows in 2025, he has joined forces with the Baleares International College choir to lend a festive tone to his latest release, promising to bring holiday cheer to listeners old and new.
EWN spoke to Leapy Lee who told us: “We don’t often hear about records made specifically for children at Christmas anymore, and this is something I’ve always wan-
Community heroes
ON Saturday October 26, Alcudia celebrated its Local Police’s patron saint with a special ceremony honouring dedicated community members for their unwavering commitment and service.
The event featured the presentation of the fourth Retirement Award Diplomas to retiring officers Peter Carmona Romero, Aurelio Navas, and Miguel Ferragut, recognising all of their years of hard work and dedication.
Additionally, the fifth Plaque for Collaboration in Citizen Security was awarded to Maria Antonia Salord Capo, Fallou Bar, and Jaume Pascual Gelabert for their significant contributions to the town’s overall safety and security.
The day emphasised gratitude and the importance of teamwork, community collaboration, and shared responsibility in ensuring Alcudia’s well-being and fostering a safer environment for everyone.
Thank you to all for your remarkable commitment to our community!
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Honouring dedicated community members.
Image: Policia Local d’Alcúdia / Facebook
Leapy’s music continues to entertain fans.
Santiago Martorell (Head Chef) and José Rodriguez (Restaurant Manager), El Vicenç, Mallorca.
MALLORCA is set to shine at the Los40 Music Awards on Friday November 8 at the Palau Sant Jordi in Barcelona.
The island will be represented by artists Rels B and Diegote, who are nominated for Best Urban Artist and Best Urban Song for their track Tu Silueta, respectively.
The ceremony will feature performances from major artists, promising an exciting lineup for viewers.
With a capacity of over 17,000 people, this year’s event at Palau Sant Jordi holds special significance as it marks the 100th anniversary of radio in Spain.
Wine wisdom
Explore pairings with traditional local foods.
MANACOR is hosting its annual ‘Enological November’, a series of events centred on wine culture, with activities scheduled throughout November at IES Manacor. The initiative aims to deepen public understanding of local wines and offers guided tasting experiences.
The programme includes an ‘Introduction to Tasting New Wines’ on November 7 and 8, led by oenologist Carmina Sender, followed by a ‘Wine Pairing with Menorcan Cheese and Mallorcan Sobrassada’ on November 13 and 14. The series concludes with
‘Identifying Wines Made in Mallorca’ on November 20 and 21.
Each session costs €20, with limited spots available. Registration requires participants to send their full name, surname, and DNI (ID number) to pro mocio@doplaillevant.com.
Through this series, participants will gain insights into the new wines of the season, explore pairings with traditional local foods, and learn how to identify distinct characteristics of Mallorca’s wines, all under the expert guidance of prominent professionals in the field.
Charity canvas
RENOWNED Mallorcan artist Sath, celebrated for his surrealist painting style, has generously donated one of his works to the Spanish Society of Thrombosis and Haemostasis (SETH) to support fundraising for patient associations focusing on thrombotic diseases.
SATH, a self-taught painter from Palma, shared his artistic perspective at the event. In his characteristic style, he merges figurative elements with surreal scenarios. The donated piece, created with spray and acrylic paints, captures his unique approach to reimagining everyday scenes, transforming them with new layers of meaning.
This donation supports SETH’s mission to improve the lives of individuals affected by thrombotic and hemorrhagic conditions.
SETH unites healthcare professionals and researchers dedicated to thrombosis and haemostasis, focusing on diagnosis, treatment, and prevention.
As a non-profit and multidisciplinary organisation, SETH promotes research and facilitates collaboration among its members, working toward advancements in understanding, preventing, and managing thrombotic diseases.
For more information, visit the SETH website at seth. es.
Image: Manacor Council
Surrealist painting style.
Image:
CLIMATE change is not just impacting humans, it’s affecting the life cycle of animals as well. The dreaded processionary caterpillars have been lining up already, four months earlier than usual. Experts are advising dog owners to stay away from areas that have a lot of pine trees and recommend that pine trees in people’s gardens should be treated now to prevent the moths from nesting.
The caterpillars are extremely toxic to dogs and to young children as well. At the moment, they have only been evident in municipalities in the Malaga Province, but that could be an indicator they may also appear in other provinces over the coming weeks. It’s best to remain aware there is a chance the caterpillars may start to appear anywhere in Spain during the winter months, especially as the weather is so unpredictable.
Abel Perea, the Alhaurin de la Torre councillor, who is in charge of environmental matters, warns that “climate change is directly
RETIREMENT is a major milestone, and Spain remains a top destination for expatriates due to its warm climate, rich culture and relaxed lifestyle. However, recent changes to Spain’s pension system mean that both expatriates and Spanish pensioners must stay informed to plan effectively.
The retirement age in Spain is progressively increasing. While workers could traditionally retire at 65, by 2024, only those who have contributed for 38 years can do so. Otherwise, the age is 66 years and six months, with plans to raise it to 67 by 2027.
To retire at 65, workers need 38 years of contributions, rising to 38 years and six months by 2027. Those who do not meet this must work until 67 for a full pension.
life cycle of the processionary caterpillar. He continued: “What should normally occur in February and March is taking place in October. This anomalous behaviour is related to the high temperatures and the absence of rain until very recently.”
Retirement changes in Spain
Pensions will rise by 3.8 per cent in 2024, reflecting inflation, with average pensions standing at €1,360 per month.
Early retirement comes with penalties, reducing pensions based on how early workers retire.
Winter warning
These changes highlight the need for careful financial planning, whether you’re an expatriate or Spanish worker. Ensure you’re aware of your contribution status, explore private pension plans, and stay informed on healthcare options to secure your retirement.
If your dog has an allergic reaction to the caterpillars they will require immediate treatment from a vet. It may be safer to avoid any areas that have a lot of pine trees.
Gas safety checks
WITH winter approaching, many households across Europe are turning to gas heaters as a cost-effective way to stay warm. However, recent gas incidents, including a tragic explosion in Santander, Spain, highlight the importance of following safety guidelines to prevent accidents.
1. Check the CE Mark
Make sure all gas appliances display the CE mark, which ensures compliance with EU safety standards.
2. Routine maintenance
Have gas appliances regularly serviced by a registered professional to prevent leaks. Key parts, like thermocouples and burner assemblies, may need replacing every few years.
3. Ensure proper ventilation
Use gas heaters in well-ventilated areas to avoid carbon monoxide build-up – this is an odourless and deadly gas that causes flu-like symptoms.
4. Inspect flues on gas fireplaces
Keep gas flues clear of blockages to allow harmful gases to safely exit the home. Schedule annual inspections by a technician.
5. Install carbon monoxide detectors
Place carbon monoxide detectors near gas appliances to alert you of any leaks. Test detectors monthly to ensure they are functioning correctly.
By following these guidelines, you can enjoy a safe and warm winter season, prioritising both comfort and safety.
Bus strike
ROAD public transport workers went on strike on Monday, October 28, while haulage and ambulance drivers have called off their protest.
The remaining strikes will mostly affect public transport services, especially bus routes, while lorry drivers have reached a last-minute deal with the government and called off their walkout.
The main gripe of transport workers is the increasing age of retirement. They argue that due to the nature of their work, and in the interests, drivers should be treated as an exception and retired at an earlier age, ideally 60. Union negotiators for lorry drivers managed to strike a last-minute agreement on Friday October 25 and have decided to keep on working. Their part of the strike action would have put a serious strain on
Black Friday and Christmas shopping campaigns.
Nonetheless, public transport will still be affected, especially buses, coaches, chauffeurs, taxis, and minibuses with more than nine passenger seats. The main union for bus drivers has said that they have not been given a date by the government to meet and discuss their terms. Therefore, they decided to continue with a minimum-service policy on Monday, October 28. Upcoming strike action is expected on November 11, 28 and 29. If no agreement is reached by December, there will be more strikes on December 5, 9 and 23. If unions are not satisfied after Christmas, strike action will become indefinite.
Avoid areas with a lot of pine trees.
Credit: Pixabay, roxanna17.
THE Alcudia Auditorium has announced its November programme, offering a lineup of cinema, theatre, and music for a range of audiences.
A highlight is The Magic of Harry Potter Music, a concert scheduled for Saturday, November 23, at 7.00pm by the Alcudia Municipal Band, featuring over 50 musicians.
This concert will showcase memorable pieces from the Harry Potter films, with music by composers John Williams, Patrick Doyle, Nicholas Hooper, and Alexandre Desplat. The performance is crafted to capture key themes and scenes from the series, inviting all ages to experience the magical world of JK Rowling’s stories through music.
The November lineup also includes film screenings, theatre shows, and more musical events. For
Magic sounds Seasonal splendour
more information about the November programme, head to the website: auditorialcudia.net.
Culinary celebration
TAPALMA, the premier tapas and cocktail competition in Palma de Mallorca, is returning this year for its 19th event.
Scheduled from November 27 to December 1, TaPalma will take place in various venues throughout the Balearic capital, offering a fantastic chance to sample the dishes and drinks crafted by some of the island’s finest chefs and bartenders.
The festivities will kick off with the TaPalma Mallorca 2024 Contest on Monday, November 25, at the Palma Congress Centre, marking its seventh year.
This contest will include three award categories: Tapa TaPalma 2024, Tapa Sobrassada de Mallorca PGI 2024, and TaPalma Cocktail 2024.
The event seeks to revitalise the city’s dining scene and promote Mallorca, especially Palma, as a key player in Spanish gastronomy.
CHRISTMAS Wonderland at House of Son Amar is set to sprinkle holiday magic on Mallorca from November 30 to December 22, 2024.
Located just a 10-minute drive from Palma, this festive event will be open on Fridays, Saturdays, and Sundays, with hours varying between 3.00pm and 9.00pm.
The highlight of the event is the Christmas market, featuring over 25 stalls filled with local gifts, toys, artisanal foods, and handmade crafts, perfect for holiday shopping. Visitors can also enjoy in festive treats, including hot chocolate and mulled wine.
In addition to the market, guests can enjoy a special Christmas live show and have the opportunity to meet Santa Claus.
Enjoy the artificial skating rink in the Hall of Fountains and classic Christmas movies which will be screened in a cinema.
Entrance to Christmas Wonderland is priced at €5, which includes a glass of mulled wine for adults and a hot chocolate for children.
Free parking is available at the entrance. For more information or to book tickets, contact the box office on (+34) 971 617 533 or visit christmas. sonamar.com .
Showcasing memorable pieces.
ON Friday, November 1, Spain stops still for All Saints’ Day in remembrance of departed loved ones, after a night out before celebrating an imported festival.
Shops and services will be closed, with the exception of florists, as people pick up their pre-ordered bouquets and wreaths of flowers and visit the cemetery to tend to the graves of deceased family members.
Lunchtime is traditionally spent with family,
All Saints’ Day
with a large meal together. Some families today prefer to book a table in a restaurant for the occasion, meaning most restaurants are already fully booked.
As with all traditional festivals in Spain, specific sweets are customarily passed around the table at this time of year. On All Saints’ Day, huesos de santo (or saints’ bones), a cylindrical marzipan snack filled with a variety of sweet fillings, is the most typical.
All Souls’ Day (Día de los
Fieles Difuntos) follows on November 2. Although less visibly celebrated than All Saints’ Day, it is still widely observed, particularly by those who wish to remember departed family and friends. Catholic families often gather to pray for the souls of their loved ones, believing that their prayers help the souls to reach heaven. Many communities attend mass and light candles honouring the departed, adding an intimate layer to the day’s significance.
Miracle rescue
NOT all heroes wear capes! On October 28, a brave Guardia Civil officer successfully saved the life of a threemonth-old baby who had gone into cardiac arrest by quickly rushing him to a nearby medical centre while another officer administered cardiopulmonary resuscitation (CPR) during the journey.
The emergency unfolded around 11.30am when a distressed woman approached two Guardia Civil officers stationed outside the Artà barracks, carrying her unresponsive infant.
According to reports from the armed institute, the visibly shaken mother informed the officers that her child had suddenly stopped breathing and needed immediate help.
Upon examining the baby, one of the officers noticed that he had a blue tint to his skin and lips, showing no signs of breathing or movement. Acting swiftly, the officers placed both the mother and her baby in their vehicle and urgently drove to the PAC in Artà.
During the drive, the officer holding the baby initiated CPR, first po -
sitioning the infant face down on one arm while gently patting his back to stimulate breathing. He then turned the baby face up, carefully covering his tiny nose and mouth to deliver two small rescue breaths.
Thanks to the officer’s quick response and skilled efforts, he managed to clear the newborn’s airways, allowing the baby to breathe on his own once again.
Medical staff immediately assessed the baby, confirming that he was indeed out of danger and in stable condition.
The Guardia Civil saved the baby’s life.
Credit: Diego Delso, Wikipedia CC
Night vigil at a cemetery.
ALONG with much of the rest of the country, Valencia has experienced severe flooding as a result of the isolated depression at high levels (DANA). As of going to print, tragically 72 people in Valencia have lost their lives, and residents in several of the towns are still out looking for missing loved ones.
Spain’s Defence Minister Margarita Robles described the flooding as an “unpre-
Death and devastation
cedented phenomenon.” It has resulted in dozens of trapped residents, with many spending the night on the roofs of cars, shops, and petrol stations awaiting rescue. The towns of Turis, Chiva, and Buñol, in particular, have experienced levels of rain that would have typically been expected to fall in a whole year. The entire
region is reeling from the death and devastation as they brace themselves for more rain to come.
The King of Spain has posted his condolences to the families of the dozens of people killed in the extreme flooding. King Felipe VI said on X: “Devastated by the latest news. Our deepest condolences to
the families and friends of the more than 50 deceased. Strength, courage and all the necessary support for all those affected.” He went on to express: “Our warmest message and recognition to local and regional authorities and all emergency services, Armed Forces and State Security Forces and Corps for the titanic work they have been doing from the very beginning.”
SMS causes panic
A CIVIL protection alert was delivered to mobile phones across the Valencia region on October 29 and early morning on October 30. The alert was issued to warn people that the current weather situation could worsen and to avoid all travel. The message is also accompanied by an alarm that will continue until the message has been read.
This was the SMS sent when translated: “Due to heavy rains, all types of travel should be avoided in the province of Valencia to prevent road collapse. Please stay alert for future updates through this channel and official sources, on X @GVA112 and Apunt. Contact 112 in an emergency.”
Many individuals took to social media platforms to express their
The SMS that was sent to phones throughout the region of Valencia.
concerns after receiving one of these civil protection alerts, and some have reported that the audio alarm (which has been described as sounding like an air raid siren!) didn’t turn off even after reading the message. Naturally, as this was the first time the civil protection alert had been sent to such a large number of people, it caused panic, especially for those who did not understand Spanish and became scared after hearing the loud audio siren from their phones.
Spain’s civil protection authority has an alert system to notify the public via SM, complete with an accompanying audio alarm, to alert people of major disasters and imminent or ongoing emergencies in the area where the phone is located.
NASA has issued an urgent warning for the future of certain parts of Spain, with worrying predictions that they will possibly not be liveable in 30 years time.
According to recent NASA studies, the situation is dire and climate change is catching up on humanity and the planet quicker than we think. This comes in conjunction with various elements that are being impacted by human behaviours and could be responsible for marking the beginning and end of currently inhabitable areas.
NASA experts warn that a series of radical changes are on the way that until now we have perhaps been unaware of. Most poignantly,
NASA: 2050’s uninhabitable zones
the rise in temperature which is having, and will continue to have, severe consequences across the planet. A few years ago, a similar report was issued, warning the world of what would happen in 2050. We are getting closer to that date and with it, predictions are becoming more real. The study entitled, ‘Too Hot to Handle: How Climate Change May Make Some Places Too Hot to Live’, presents us with an alarming picture of the cities and countries that will be most at risk in the face of climate change including certain regions of Spain that may become no-go areas in-
INTERVIEW
Time is running out according to Nasa as certain places in Spain may become unlivable.
cluding Madrid, the autonomous community of Valencia and Andalucía, where heatwaves are most prevalent.
In about 30 years, temperatures may rise so much that life becomes unsustainable. Cities will need to adapt rapidly to be able to cope with exponentially rising temperatures or life indoors and outdoors may become impossible.
Speaking European Alberto Castiliano
Alberto Castiliano, a professional tango dancer from Norway, moved to Torrevieja, Spain, 10 weeks ago.
ALBERTO lived in Spain before but decided to make the move permanently because of “The fantastic weather, especially during the winter months.
In Norway now it gets dark around 2.00pm and the temperature drops below freezing.” Alberto also said, “House prices in Torrevieja are very cheap, the food is good and the people who live here are friendly.”
clean air and the healthy lifestyle compensate for it.”
Professional tango dancer, Alberto Castiliano.
Alberto described his experience of buying a house here as “Frustrating at times. The Spanish bureaucracy is different compared to Norway. It’s slow.” But he said that fellow Norwegians thinking of moving here should not be put off because “The
Mr Castiliano has been a professional tango dancer for over 20 years and has already set up a tango dancing club in Torrevieja. He said “There are around 15 of us already, but we are still looking for suitable premises in the town to practise our dancing. The tango club will be a social gathering to dance the tango, learn new skills and do other activities as a group.” Alberto continued “My last tango group in Norway travelled to Argentina to learn Argentinian tango. There isn’t a tango dancing club locally and we are determined to change that.”
Are traditional banks an outdated concept? Your
VOICE
THE success of digital banks in Spain is shaking up the traditional banking industry. A recent study by Grupo Inmark revealed that fintech banks, including Revolut, N26 and Bnext, have acquired 53 per cent of all new banking customers in the country. According to the latest figures, the number of digital bank users in Spain has grown by nearly two million in just the past year.
While Revolut leads the charge, N26 is the second most popular digital bank in Spain, with over one million customers. This trend is a welcome development for many expatriates who find traditional banking in Spain expensive and cumbersome. Language barriers, high fees, and bureaucratic processes have driven many expatriates and locals to use easy, instant digital banking apps on their smartphones.
However, not all digital banks are without issues. For instance, Revolut UK has received thousands of fraud complaints, highlighting the potential risks of digital banking. Scam artists are becoming increasingly deceiving. Additionally, digital banks often provide limited or no in-person support, making it difficult for customers to resolve account access problems or transaction disputes. There can also be a lack of traditional banking services, such as cash deposits, which may be inconvenient for some users.
Therefore, Euro Weekly News asked their readers: “Do you think traditional banks are an outdated concept?”
Unsurprisingly, we received a large number comments on this highly debatable topic, with many feeling that traditional banks are still needed.
For example, Valerie Savory said, “No, we still need banks with assistants.”
Agreeing with this viewpoint, Stephen Duffin stated: “No, we still need to see people that work in banks, new card replacement etc.”
However, Teifion Tom Felix offered this viewpoint: “They’re the past, only time I’ve been to a bank in the last five years or so was when some idiot company sent me something called a ‘cheque’. The – ‘but what about the old?’ - excuse is wearing a bit thin surely as computers have been around for many decades.”
Ian Grant suggested that there is no such thing as a ‘traditional’ bank anymore, quantifying this by stating: “Branch managers no longer have any autonomy whatsoever. Everything is decided by ‘central’.”
Sian Foster, while saying ‘no’, admitted, “ I have to say I am using Internet banking more and more. I do like the fact you can actually talk/discuss face to face though.”
As for Norman Munns, he told us he can’t remember the last time he actually needed a bank, sharing “Pension paid in directly, all regular bills paid by direct debit, cash drawn from ATM, all purchases made by Debit card, all bank transfers done on my App, and all statements shown in my App.”
REVOLUT IS THE PREFERRED DIGITAL BANKING OPTION IN SPAIN.
Rock n Ripples
FOR an evening of pure 60s rock and roll, head down to Sa Fonda Deià which is hosting The Ripples on November 2.
Founded in 2013, The Ripples are a post-modern band that draws inspiration from the classic pop music of the 60s while incorporating elements of blues into their sound.
Located at Carrer Arxiduc Luís Salvador, 5, 07179 Deià, Sa Fonda has been a gathering place since it opened in 1988.
Sa Fonda Deià once
served as a hotel in the 1960s that hosted celebrities such as Charlton Heston and Jimi Hendrix. When it transitioned to a bar, it quickly became a hotspot for musical legends, attracting the likes of Mike Oldfield, Sting, and Bono, among others.
Today, it continues to draw notable visitors like Paul Simonon from The Clash and Lily Allen.
Guests can enjoy a selection of hot and cold drinks, snacks, and tapas.
For more information, call (+34) 722 891 112.
Irish vibes
FINNEGAN’S Irish Pub is excited to announce a live music event featuring Adrian Flatley on Sunday, November 3.
Adrian, an Irish musician from Galway, brings two decades of experience performing across Ireland, playing a diverse range of music that includes everything from traditional Irish tunes and country classics to hits
from bands like Green Day and The Killers.
Located at Av. Pere Vaquer Ramis 12 in Magaluf, Finnegan’s is situated at the Palmanova end of Magaluf, just a minute’s walk from the beach and close to La Vila shopping centre and the House of Katmandu theme park.
Whether you’re taking a break from sunbathing, shopping, or family acti-
vities, Finnegan’s offers delicious food and refreshing drinks on its sun-drenched terrace.
For more information, call (+34) 613 014 082 or email finnegansmagaluf@ gmail.com.
Haunted
DELANEY’S American Bar and Diner is celebrating Halloween in style with live music by Sarah-Louise from Abba, followed by a spooky disco and blood-curdling karaoke!
Sarah-Louise sings anything from musicals to 60s, 70s, 80s and modern-day chart toppers!
hits
Join the fun on Thursday, October 31, and compete for prizes in the best fancy dress contest. Kids and cats are more than welcome at this endof-season party. Let’s ‘Drink the Barrels Dry’ while enjoying great food, fantastic performances, and unbeatable prices.
The Claps
For more information, email delaneysbar@hotmail. com, call (+34) 971 810 294, or visit the Bar and Diner at C/ Baladres, 11, Sa Coma, Cala Millor.
SHAMROCK Palma is pleased to announce an unforgettable night with The Claps, hailed as the ultimate rock ‘n’ roll cover band. Known for their impressive repertoire, The Claps bring to life a selection of timeless
rock and soul classics from the 60s and 70s. Their carefully curated set list features iconic hits delivered in the true spirit of rock ‘n’ roll.
Put on your dancing shoes and join the fun at Shamrock Palma, located at Av. de Gabriel Roca, 3, 07014 Palma, on October 31.
For more information, call (+34) 971 735 962.
If you’re also looking to enjoy a meal, Shamrock Palma’s restaurant specialises in Irish Black Angus beef. The restaurant on Paseo Marítimo offers great views of the marina and the Palma Cathedral.
Image: The Ripples / Facebook
Image: THE CLAPS / Facebook
Image: Sarah-Louise / Facebook
FINANCE
BUSINESS EXTRA
Kit deal
ONCE Liverpool FC’s five-year agreement with kit-supplier Nike ends this year, the club expects to receive more than £60 million (€71.9 million) from Adidas after the German company outbid Nike and Puma when the contact was put out to tender. The new deal will coincide with the start of the 2025-2026 season.
Enagas loss
SPANISH energy infrastructure company Enagas posted a loss of €130.2 million between January and the end of September, compared with a €258.9 million profit during the same period last year. Although Enagas sold its 30.2 per cent stake in US company Tallgrass Energy for €1 billion, this involved a €363.7 write-down.
No deal
LUXURY handbag maker Mulberry has turned down another, increased takeover offer from Mike Ashley’s Frasers group, the owners of Sports Direct. Having rejected an earlier £83 million (€99.5 million)offer,Mulberrysaidthat after careful consideration, the £111 million (€133 million) offer was “untenable.”
Looking ahead
MOST Spanish business owners foresee increased revenue over the coming year and a 30 per cent increase in exports, according to a report presented by Circulo de Empresarios chairman Juan Maria Nin. In contrast, they expected smaller profit margins owing to higher labour costs, taxes and red tape, Nin said.
Cloudy Sky
SKY posted losses of £773 million (€926.5 million) in 2023, owing to a £1.2 billion (€1.4 billion) deficit on Italian and German subsidiaries, amongst others. Revenues for the British broadcaster, owned by US telecommunications and media company, Comcast, rose marginally to £10.2 billion (€12.2 billion).
STAT OF WEEK
€5.471 billion
net profit for energy company Iberdrola in the first nine months of 2024, a 50 per cent increase on the same period last year.
Chance to invest in Paddington
FRENCH company Canal+, owner of StudioCanal which produces the Paddington films, will be listed on the London Stock Exchange (LSE) by mid-December.
City sources quoted in the UK and European media predicted a market value of up to £6.7 billion (€8.04 billion) for Canal+, which was likely to enter the FTSE 100 index.
This would mean a signifi cant boost for the LSE whose most important debuts this year were the £540 million (€649.7 million) Raspberry Pi and £400 million (€489.2 mi llion) Applied Nutrition listings.
The float plan is included in an extensive breakup program med for Vivendi, the French media empire controlled by its largest shareholder, billionaire Vincent Bollore.
The 72-year-old still exerts
a powerful influence over the company although his son Yannick took over as chairman in 2018.
Further plans include listing Vivendi’s Havas advertising agency in Amsterdam and esta-
blishing a new investment arm based on its Lagardere publishing subsidiary.
The remaining portion of the parent company, which owns a portfolio of investments that include a 10 per cent holding in the world’s biggest record company, Universal Music Group, will be listed in Paris.
THE BBVA bank’s takeover bid for Banco Sabadell, which turned hostile in May 2024, is producing unwelcome side effects for the former.
By close of business on October 18, BBVA had a market value of €53.54 billion, compared to rival Santander’s €71.89 billion.
The gap between them has now widened to €18.35 billion, although in April this year, BBVA trailed Santander by €7.4 million, with a capitalisation of €65.59 billion against Santander’s €73.99 billion.
Since then, BBVA shares have fallen by 16 per cent.
A Vivendi press release issued in July this year explained that the outcome of the “ongoing split project” and admission to the LSE would be a French holding company called Canal+.
“Shares in the new holding company will automatically begin trading, and be given out to current Vivendi shareholders, once the listing is done, with no new capital being raised or new investors being brought on,” the release continued.
Sabadell side-effects
Not-so-cryptic Nuclear reaction
CLEANING up the Sellafield nuclear waste site will soar to £136 billion (€163 billion).
According to the National Audit Office (NAO) Sellafield failed to show that it offered value for money, as projects to repair buildings that house radioactive material have overrun both their timetable and schedule.
With spending costing more than £2.7 billion (€3.23 billion) a year, Sellafield was a cause of “tension” with the Treasury, the NAO said.
CAIXABANK will start selling cryptocurrency to its clients in January 2025. The bank is at present waiting for the new European MiCa regulations controlling crypto-assets, crypto-assets issuers and crypto-asset service providers that will come into effect on January 1.
Sources explained that CaixaBank is especially interested in young investors who are familiar with technology and innovation. For that reason, the bank is likely to make crypto-assets available on Imagin, its digital platform which has 4.3 million users and is aimed specifically at the under-30s.
Nor is CaixaBank the only high street bank offering a crypto service in 2025, as Santander and BBVA are also finalising their own plans and offers.
Weighty profits
NOVO NORDISK PHARMA reported sales of €473 million in 2023, an increase of 19 per cent on the previous year.
The Spanish subsidiary of Novo Nordisk, the Danish company whose diabetes medications Ozempic and Wegovy now lead a double life as weight-loss drugs, announced that profits rose by 33 per cent to €17.79 million in 2023.
Novo Nordisk Pharma, which also revealed that Wegovy will be available in Spain after May 1, 2025, said it expected to see increased sales and reduced overheads next year.
Shaky wheels
SPANISH factories produced 205,420 vehicles in September, a fall of 2.4 per cent on August, manufacturers’ association Anfac announced.
Analysts quoted in Spain’s financial media commented that investors are buying Santander while, anticipating a fall, have taken a short position in BBVA shares.
This fall could continue, owing to the 15 per cent devaluation of the peso in Mexico, which is one of BBVA’s principal international markets.
Meanwhile, Sabadell continues to fight the takeover, which is in any case is opposed by the Spanish government.
Takeover scrutiny
THE UK’s Competition and Markets Authority (CMA) is investigating the £3.3 billion (€3.9 billion) Britvic takeover by Carlsberg.
The regulator must now decide whether the deal could reduce competition in the UK market.
Britvic, which makes Robinsons squashes, R White’s lemonade and J20, finally accepted £13.15 (€15.77) per share after rebuffing previous Carlsberg’s offers which it rejected as undervaluing the company.
Referring to the investigation, Carlsberg said this was a “normal process” and looked forward to working with the CMA “as it progresses.”
Should the CMA approve the takeover, the Danish brewer expects to complete the transaction in early 2025.
During the first nine months of this year, approximately 1.8 million cars rolled off the assembly lines, 1.6 per cent down on the same period in 2023. September was the fifth consecutive month of declining production, owing to sluggish sales in Europe, the principal market for Spanish vehicles.
Electric and hybrid vehicles fell by 25 per cent to 21,838 units, with hybrids accounting for 11,234 vehicles.
Boohoo plans
FASHION retailer Boohoo is planning a reorganisation that could involve selling Karen Millen and Debenhams.
Boohoo paid £18.2 million (€21.8 million) for Karen Millen in 2019 and in 2021 spent £55 million (€65.9 million) on acquiring the Debenhams department store brand and website.
Analysts predicted that Boohoo would probably divest itself of both brands and focus on a younger market, after both Karen Millen and Debenhams failed to have the expected impact on shoppers once they were only available online.
PADDINGTON BEAR: Films are produced by Vivendi’s StudioCanal.
BBVA: Bank headed by Carlos Torres sees shares fall.
3I Group 3.278,00 3.301,00 3.266,00 164,69K Admiral Group 2.583,0 2.590,4 2.573,0 25,21K
Airtel Africa 108,40 109,90 106,50 1,78M Anglo American 2.458,5 2.475,0 2.441,5 330,12K Antofagasta 1.815,00 1.830,50 1.812,00 88,52K Ashtead Group 5.854,8 5.898,0 5.844,0 30,66K Associated British Foods 2.301,0 2.319,0 2.299,0 87,45K
11.550,5 11.620,0 11.528,0 131,96K Auto Trader Group Plc 878,20 885,20 875,80 111,29K Aviva 463,40 466,30 460,70 1,06M
B&M European Value Retail SA 402,60 406,80 402,50 228,79K BAE Systems 1.287,50 1.292,50 1.271,28 620,46K
237,65 241,60 236,77 7,79M Barratt Developments 474,80 477,20 472,50 258,1K
Beazley 781,00 790,00 779,50 134,91K
Berkeley 4.684,0 4.694,0 4.646,0 24,57K
BP 397,20 399,50 395,00 7,93M
British American Tobacco 2.673,0 2.675,0 2.657,0 323,69K
BT Group 144,40 145,55 144,14 1,63M Bunzl 3.502,9 3.510,0 3.472,0 88,37K Centrica 122,15 123,70 121,85 1,58M Coca Cola HBC AG 2.764,0 2.786,0 2.756,0 34,82K
2.539,58 2.543,00 2.511,00 185,61K ConvaTec Group 219,69 220,80 219,20 660,75K Croda Intl 3.717,5 3.739,0 3.709,2 26,2K
5.075,0 5.105,0 5.060,0 49,47K Diageo 2.561,5 2.573,5 2.551,5 253,09K
478,34 478,80 474,40 256,52K
521,20 528,80
BUSINESS EXTRA
Right moment
TENDAM, owner of several fashion labels, still intends to list on the stock exchange but only “when the time is right.” Chairman Jaume Miquel said that Tendam will be “balanced between growth and dividends” offering between 3.5 and 5 per cent in dividends.
Dirty record
DESPITE record sewage discharges into the UK’s waterways and seas, water company chiefs received 2024 bonuses totalling £9.127 million (€10.9 million).
More than a third of these went to Severn Trent, fined £2 million (€2.4 million) for “reckless pollution.”
East-West divide
HSBC, based in London, is splitting its operations into Eastern and Western markets.
The changed were made public six weeks after Georges Elhedery took over as chief executive.
The bank’s former Finance chief has launched a far-reaching transformation that will reduce costs amid falling global interest rates, while sidestepping the increasingly fraught relations between China and the West.
Just right
THE International Monetary Fund (IMF) increased its 2024 growth prediction for Spain by half a percentage point to 2.9 per cent.
This is one percentage point above the IMF’s forecast six months ago and also two points above the Spanish government’s prediction, as tourism and the property sector have cushioned the country from the worldwide manufac-
turing crisis.
The IMF’s latest report put Spain ahead of the UK (1.1 per cent), France (1.1 per cent), Italy (0.7 per cent) and Germany (0.0 per cent).
With inflation due to fall from 2.8 per cent to 1.9 per cent, Spain has also been described elsewhere as a “Goldilocks economy” that is neither too hot nor too cold.
There will now be a separate UK and Hong Kong division, with the latter covering Asia and the Middle East as well as a corporate and institutional arm, plus another for wealth banking.
HSBC did not reveal whether these plans would involve job cuts.
Earlier in October, the Financial Times reported that Elhedery intended to reduce the number of posts occupied by senior bankers in a bid to save up to $300 million (€275 million).
European Union transparency date revealed that more than 512 employees in HSBC’s investment banking division earned at least $1 million (€927,800) a year. Of these, 41 were paid over $3 million (€2.8 million).
Elhedery’s role as Finance chief will be taken over by 60-year-old Pam Kau, until now the bank’s Risk and Compliance officer. She is also the first woman to occupy this post at HSBC.
Cold cuts
PROCESSED meat producer Campofrio posted sales of €2.1 billion in 2023, up 8 per cent on 2022, but reported losses totalling €163.7 million after selling its Italian business last August. Without detailing the amounts involved, Madrid-based Campofrio revealed that the €132.5 million it lost in deal included approximately €20 million in “general losses” incurred by the Italian subsidiary.
In the air
SOUTH AFRICA-based Foschini Group, whose TFG London subsidiary owns Whistles, Phase Eight and Hobbs, is reportedly in “advanced talks” to buy UK high street retailer, White Stuff. The price for the chain of 100 stores is still under discussion but estimated by City sources to be in the region of £50 million (€59.9 million).
HSBC: Currently headquartered at London’s Canary Wharf.
LEAPY LEE SAYS IT
OTHERS THINK IT
ONE thing I have truly had difficulty in getting my head around is the British government’s ridiculous policy of releasing thousands of convicted prisoners early.
Many years ago I had the misfortune to be tricked into pleading guilty to an act that was undoubtedly self defence. One thing I did learn from my subsequent time in various institutions (they didn’t quite know what to do with me!) was that many of the inmates do in fact prefer the prison environment to the real and often challenging conditions that exist in the outside world. Life in prison is a different existence altogether. It’s a domain where many who could never survive in the normal grind of life on the outside, can actually become successful and relocate to the top of the tree.
Vastly different surroundings, where values and personal achievements are completely remodelled and even a tube of real toothpaste can be regarded as an important and often envied possession. The roof over their heads,
regular meals, beds with clean linen plus free electricity, water and resident health treatment, takes care of all the normal problems that often beset those of us striving to survive in our own designated world of (so-called) freedom. Many of these inmates are perfectly happy where they are. One example I remember, involved a recidivist who had ascended to the important job of allocating the inmates with undergarments from the prison clothing department.
If you could get a nice new pair of socks from ‘Smithy’ you were doing well and of course were expected to pay his fee of a quarter of tobacco for the privilege. Smithy was coming to the end of his present incarceration. As is often the case, he was released early for a few days to seek out a job and learn how to readapt to the outside world. I was actually in the vicinity of the gate when he returned. ‘How did it go Smithy?’ I enquired breezily.
Looking back at the closed gates Smithy raised his outstretched palm in disgust. ‘Glad to be back’ he expressed with utter repulsion. ‘Terrible out there; glad to be back’. I did learn that Smithy, on his later release, reoffended
A different existence
GENERALI has strengthened its commitment to expatriate customers in Spain with a strategic move that consolidates its position as one of Europe’s leading insurers.
As part of this transition, expat services are now seamlessly integrated under the trusted Generali brand with the new website generaliexpatriates.es. More than skin deep, it is part of a broader approach to guarantee that expats in Spain continue receiving the highest levels of service and gradually access to a wider range of insurance options suited specifically for them.
At generaliexpatriates.es, expats can find all the essential information they need about Generali’s comprehensive range of insurance products, designed specifically to protect their assets and secure their peace of mind. Whether it is car, home, pet, business or life in-
surance, at generaliexpatriates.es customers can make direct use of the comprehensive range of products and services available to them and also gain an insight into the company.
On top of this, at generaliexpatriates.es, customers have access to more than 200 agents and brokers who are highly qualified and speak different languages, providing the kind of personalised service that makes all the
Keep the faith Love Leapy. leapylee2002@gmail.com
difference when living abroad. These local experts are keen to help expats feel at home in Spain and are dedicated to ensuring that you are well informed and well protected.
The transition to Generali’s iconic branding brings with it more than just a new look. The website now reflects Generali’s bold red identity - a powerful symbol of the passion and commitment that drives the company. Gene-
Leapy Lee’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.
immediately and was no doubt doing his utter best to return to his old and exalted position of ‘underwear distributor’, a position he never could have achieved in life on the outside. There are scores of others with exactly the same outlook.
The government is freeing thousands of inmates who will cause chaos to legal procedures and many who will return to their old ways with some enthusiasm, especially those with a record of domestic violence. No doubt they will also be relining the pockets of the conniving lawyers, all once again rubbing their hands as they squeeze out even more millions of tax payer’s money.
And what does Starmer’s gang receive for their brilliant experiment? More accommodation for the social media protesters and ‘far right’ campaigners they want to squash before they threaten the already crumbling tenure of their leftie dictatorship. Let’s just hope America stops its own leftie rot by electing Trump on Tuesday; at least it’s a start.
Gen Z in the workplace
GENERATION Z workers are increasingly turning to trade jobs over corporate careers, but new studies suggest this shift might not bring the happiness they expect.
In Europe, apprenticeships in countries like Germany and Spain have increased by 18 per cent, according to the European Centre for the Development of Vocational Training (CEDEFOP). The UK saw a 23 per cent rise in construction course enrolments in 2023. Higher earnings and more autonomy appeal to Gen Z, but these jobs often come with long hours and physical demands that can impact job satisfaction.
A 2024 study by Bubblegum Search found that UK tradespeople, including electricians earning between £25,000 and £40,000 (€28,750-€46,000), are among the unhappiest workers. High physical strain and unpredictable workloads contribute to this discontent, with similar trends seen across Europe.
While tech roles such as UX designer and IT support specialist offer high job satisfaction, trades like construction and warehouse management rank among the lowest for Gen Z. Lithuania emerged as the happiest country for under-30 workers in the 2024 World Happiness Report, with its thriving tech sector contributing to higher satisfaction.
For Gen Zs in Europe, finding roles that provide flexibility and work-life balance remains key to happiness.
Goodbye to yellow and blue! Hello to Generali Red!
rali is synonymous with reliability, trust, and innovation, and this new chapter in its journey with expats reinforces that value proposition. The vibrant red is more than just a corporate colour; it represents Generali’s commitment to helping people secure their future, protect what matters most, and support their dreams. Whether you’re building a new life in Spain, starting a business, or simply enjoying the lifestyle that retirement brings, Generali is your lifetime partner.
Generali prioritise the peace of mind of its more than 150,000 expat clients in Spain. The quality of service, the reliability of the policies, and the comprehensive coverage remain as strong as ever.
Policyholders will now benefit from being part of one of Europe’s most established insurance groups, renowned for its wide range of products and strong
distribution network.
And now... a special offer!
To further demonstrate this commitment, Generali is currently offering a special offer that is sure to appeal to both new and existing customers. Until 25 November 2024, when you take out a new car, home or life insurance policy, you will receive €50 cashback for each policy purchased. Whether you’re a new or existing customer, this is a fantastic opportunity to extend your cover and make additional savings. Although this promotion doesn’t apply to renewals or replacements, there is no limit to how many new policies you can take out - so there is no limit to how much cashback you can accumulate. It’s Generali’s way of saying thank you for entrusting them with your most important asset and a great incentive to explore the full range of products they offer.
Costa del Sol Lucky Lagunas
LUCK smiles upon the Costa del Sol once more with the BonoLoto draw for Sunday, October 20, leaving another big prize - five numbers plus a complementary one, winning the second prize of €128,588.22 in Las Lagunas de Mijas.
The ticket, owned by a sole winner of the second category, was validated in lottery shop number 2 in Las Lagunas, situated at 24 Avenida Margartitas.
For the top prize, there were no winning tickets, so the rollover generated will be put into the next BonoLoto draw, in which a single winner could win up to €1,800,000.
The winning combination was one made up of the combination 1, 5, 30, 37, 39 and 48, with 49 as the complementary number.
Meanwhile, in Marbella, the European mega draw sold in Spain by ONCE has left a prize of €540,207 in the hands of a customer of the supermarket on Calle Coto los Dolores in the Don Carlos Urbanisation in Marbella.
Axarquia Coastal transformation
MOTRIL’S coastal transformation project is moving forward, with major developments underway for the coastal pathway, a plan aimed at connecting the town’s coastline. The project, backed by the European Union’s Next Generation funds, is part of the ‘Motril Sustainable City’ plan and has a total budget of nearly €1.6 million.
The first phase, focused on restoring the coastal environment, has already secured an €862,000 contract for revegetation. This will see over 25,000 plants enhancing the coastal space. Additional work includes improving the beach infrastructure, with new benches, shaded areas, and accessible paths for pedestrians and cyclists.
Motril’s mayor, Luisa García Chamorro, expressed her excitement, saying this project will not only beautify the coast but also promote sustainability and tourism. She stated that the transformation is expected to be ready by next summer, making Motril’s coastline a top destination for both locals and visitors.
Costa Blanca South
Celebrating a century
ON October 28 friends and family gathered to celebrate a remarkable milestone: Louisa Harris’s 100th birthday.
Born on October 28, 1924, in London’s East End, Louisa’s life has spanned a century.
Growing up in an industrious era, Louisa worked as a machinist, and during the Second World War, she joined the war effort by making parachutes.
Her sons, Leslie and Ronnie, now 82 and 80, proudly reflect on her role as a working mother during those challenging times.
Louisa’s life changed in 1970 when she and her husband, Les, purchased land in Mi Sol Park. For years, it became the perfect holiday spot for the family until, in their 80s, Louisa and Les decided to make the move permanent and had a park home built.
In her later years, Louisa moved into the Los Jardines de Clara Care Home, an assisted living facility in Torrevieja.
Costa Blanca North The Legend
CAPTAIN Peter Langley DFC enlisted in the RAF when he was just 16 and spent much of his life serving his country. During that time, he fought in the Second World War and the Korean War and even had the privilege of being HRH Elizabeth II’s pilot for a period of time. The stories he could tell would fill a book; in fact, they do as he proudly told me.
Now, at the grand age of 100, he celebrated his birthday surrounded by family and friends, and a writer was honoured to attend on behalf of Euro Weekly News.
The afternoon celebration took place at Kawana in Javea (Costa Blanca North) on October 24 and was put together by neighbour and friend Julie Keene. Ian Hunt provided the entertainment, and the atmosphere was truly wonderful.
As is customary for British citizens who reach the age of 100, Peter was presented with a very significant birthday card from HRH King Charles III.
Almeria
Enchanted circus
CIRCO ENCANTADO is casting a spine-chilling spell over Almeria’s Recinto Ferial from now until November 10. This one-of-a-kind circus blends traditional acts like juggling, trapeze, and high-wire stunts with a spooky twist, transporting visitors into a haunted mansion inhabited by ghosts, witches, and Dracula himself! Each performance brims with eerie storytelling, creating a magical atmosphere that combines family-friendly entertainment with a haunting flair. Award-winning talents, such as Graciela Galán, a gold medallist in multidisciplinary arts, perform stunning feats under 50,000 watts of lighting and 16,000 watts of sound, immersing audiences in an unforgettable, otherworldly experience. Beloved clowns Paute and Capitano lead the storyline, where a broken-down car leads them to a mansion filled with unusual characters, from the Opera Ghost to the mischievous Doña Terrorífica.
Diego Cruz, Almeria’s Councillor for Culture, commends Circo Encantado for its artistry and community impact.
Costa Calida Marathon success
THE 19th MABS Race for Life took place recently, drawing 119 runners despite the chilly weather. Participants from various backgrounds came together to support a crucial cause: raising funds for local residents diagnosed with cancer.
This year’s goal is to raise €6,500, which will directly benefit those in need within the community. MABS Cancer Support Foundation plays an essential role in this effort, providing vital services such as counselling, translation, and complementary therapies to cancer patients and their families.
Their commitment ensures that people facing cancer receive the support they need during challenging times.
The atmosphere at the event was lively, with spectators cheering on the runners and creating a sense of community spirit. MABS gave thanks to everyone who got involved, donated, or volunteered their time to make this event a success.
PETS
Paws with purpose
THERE has probably been countless times that you have seen a service dog and admired the work that they do and have thought about patting or stroking the dog. However, interacting with someone’s service dog requires sensitivity and respect for the animal’s role. These dogs are trained to assist people with disabilities, providing essential services that help their handlers navigate daily life. When approaching someone with a service dog, it’s important to remember that the dog is working, and distracting it could interfere with its duties.
Always ask the handler before attemp-
ting to pet or interact with the dog. Many handlers will politely decline, as the dog needs to stay focused on its tasks. Avoid making noises, offering treats, or trying to gain the dog’s attention, as these actions can break its concentration.
If the handler allows interaction, follow their guidance on how to approach the dog. Otherwise, admire the dog from a distance and respect its work. Service dogs are vital to their handlers’ independence, so your understanding and courtesy go a long way in supporting both the dog and its owner.
Whiskers or walkies
DECIDING between getting a dog or a cat depends on your lifestyle and preferences, as both pets offer unique benefits.
KEEPING pets safe at home when we travel is really important. And most people like saving money. That makes HouseSitMatch a useful resource for most pet owners who love travel. With HouseSitMatch you can find checked pet-sitters who’ll care for your pets in your home for Free!
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Dogs are often chosen for their loyalty, companionship, and energetic nature. They thrive on interaction and are perfect for people who enjoy outdoor activities like walking or running. Dogs also provide a sense of security, as many breeds act as natural protectors of the home. However, they require more attention, training, and exercise compared to cats, making them ideal for individuals with more time and space. Cats, on the other hand, are more indepen-
dent and low-maintenance. They can be left alone for longer periods, making them better suited for those with busy schedules or smaller living spaces. Cats groom themselves and require less training, which can be appealing for first-time pet owners. Additionally, their calm demeanor offers quiet companionship.
Ultimately, the decision comes down to your lifestyle - whether you prefer an active, social companion or a quiet, independent one.
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Do your pets have a companion when you go away from home?
RONALDO’S legacy continues to grow, this time through Portugal’s release of a commemorative €7 coin. Football fans and collectors alike have a unique opportunity to own this rare piece of memorabilia, which celebrates Ronaldo’s iconic number 7 shirt.
Although the coin has a face value of €7, it is expected to be worth up to €135,000 due to its limited availability and gold content. The coin, bearing Ronaldo’s ‘CR7’ brand and image, has already generated excitement across the globe.
Ronaldo’s influence extends beyond football, as he recently became the first person to surpass one billion social
Cristiano Ronaldo’s coin
media followers. His growing legacy is further cemented by investments in luxury properties in Portugal.
At 39, Ronaldo is still making headlines on the pitch. In September, he scored his 900th career goal during a UEFA Nations League match against Scotland, putting him closer to the 1,000-goal milestone.
This commemorative coin solidifies Ronaldo’s place in both football history and Portugal’s cultural heritage.
PARIS SAINT-GERMAIN
FC (PSG) will have to pay €55 million to French footballer Kylian Mbappé following a period of non-payments.
The sentence was confirmed by the Joint Appeal Commission of the French LFP (League of Professional Football) although PSG Manager, Al Khelaifi will appeal the sentence, stating that the amount will not be paid within a week as laid down by the sentence. According to reports, the former PSG player who now plays for Real Madrid was involved in a bitter dispute claiming for three months of unpaid salaries and other bonuses.
PSG: Mbappé had agreed to waive the salaries and bonuses when moving to Real Madrid
In response to the claims and the new sen-
PSG hit with €55m payout to Mbappé!
tence, PSG responded: “What is under discussion, and will ultimately be heard before an appropriate court, is that the original contract was legally modified in August 2023 in relation to the 2024/2025 season, and was also fully recognised by the player, even in January 2024, until the player decided to renounce all his commitments upon leaving the club.” Qatar-owned PSG also argued that the 25-year-old former player had made an agreement to waive the amount in August 2023.
Mbappé, who had played for PSG for the past seven years, decided to leave PSG in May after being the club’s record scorer - 256 goals across 308 games. In August 2023, he turned down the contract offe-
red to him in May 2022 and was adamant to leave the following year. Due to conflict, he was not included on a tour of Japan and South Korea, yet was later reintegrated into the first team squad, winning the French Super Cup, Ligue 1 - for which he had been awarded the Ligue 1 ‘Golden Boot’ between 20192024 - and the Coupe de France. According to PSG, on account of this reintegration, Mbappé had agreed to waive the €55 million bonuses and leave for Real Madrid. Mbappé’s reputation to be tarnished if he continues payment dispute with PSG.
Clásico defeat for Madrid
REAL MADRID were crushed at home 0-4 by an all-new Barcelona headed by Hansi Flick.
Mbappé’s first classic was not one for his scrapbook. A majestic Barça trounced Real Madrid on home soil in Hansi Flick’s first official clásico between the two giants of international football. The ex-German national trainer took over at Barça in May 2024 and immediately reversed the fortunes of the Blue and Garnets.
Mbappé was offside a total of eight times during the match, and Madrid would pay for it dearly. Barça’s defensive line was unbreakable all evening.
After the 10th minute, Barça began to settle in. It wouldn’t take long for the first chance to arrive. Lewandowski left Lamine alone with a brilliant heel, but the youngster gave the ball to Luwhen trying a slide. The Whites continued to threaten the space, falling again and again to the offside rule but reminding Flick’s
team that they would punish the slightest loss of concentration. Barcelona were masterful throughout, biding their time until the Madrid defence was all out of steam, with Lewandowski scoring in the 54th minute, while Madrid were still reeling in shock, again with a beautiful header in the 56th. The Whites didn’t know what had hit them. Lamine Yamal scored in the 77th minute, shortly followed by Raphinha in the 84th, putting the victory to bed once and for all as Madrid fans began leaving the Bernabéu stadium.
