Don't let a 10-minute problem consume a 24-hour day. The email was uncomfortable. The train was late. The conversation went poorly. Feel it, deal with it, then allow the rest of your life to remain intact.
To understand the feat Tanzania has just pulled off, Uganda has a total installed electricity generation capacity of approximately 2098 MW. This is what it has built in it's entire existence. Tanzania has added in one swoop 2135 MW from a single dam built in 6 years
Coco Gauff to the crowd after beating Kostyuk in Cincinnati
“I don’t know who was saying ‘I’m in love with the Coco,’ but I like that one. That was a good one. And it’s the right Coco!”
😭😭😭😭😭😭😭
The Cristiano decision days after their White House dinner, hydration breaks, the Trump peace prize, crazy ticket prices, the half-time show and then Balogun...
How Infantino engineered the World Cup to sell his doomed plan. https://t.co/JphsOm9kSz
@DuncanCastles Excellent analysis and precisely why this man, aside from the fact that the idea itself is a disgrace to football, should be nowhere near football.
Friends in finance please check my numbers, but let's look at the price Infantino wants to sell the World Cup to the Trump mafia and others for.
• $4.2billion at a valuation of $20bn implies the sale of a 21% stake
• 11 days ago FIFA said it expected its 2023-26 revenues to ‘top $15billion’
• So that's $4.2bn to purchase 21% of ~$3.75bn of annual revenue. A multiple of 5.33x revenue
• In 2019, Silver Lake paid a multiple of 5.8x revenue to buy around 10% of City Football Group
• BlueCo paid a multiple of 4.9 to buy Chelsea in a UK-government-enforced sale
• Ineos paid a multiple of between 7 & 8 to buy 25% of Manchester United
• In 2025 a minority stake in MLS club Los Angeles FC sold at 7.9x revenue
• The company which owns UFC and WWE currently trades on a multiple of 6.2x revenue
• The last Major League Baseball franchise to change hands went for 5.3x revenue
• NFL's Washington Commanders recently sold for 10x revenue
• NBA's LA Lakers are in the process of being sold for ~16x revenue
The World Cup is the most popular sporting event humanity has ever developed. Some would argue it is our most important cross-cultural event.
As @rpmcomo often points out it has essentially zero acquisition costs for talent (compare that to other sports properties).
None of the football clubs above make anything vaguely approaching the profits of the World Cup, yet Gianni Infantino wants to sell football's crown jewel at a similar or lower valuation.
Either Infantino is stupid enough to be selling the World Cup at a price hugely under its true value, or he has a personal incentive to do exactly that...