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The Israeli intelligence service Mossad begins a bombing and intimidation campaign in Europe targeting people linked to A. Q. Khan’s nuclear proliferation network, which is helping Pakistan build a nuclear weapon. After Israel bombs an Iraqi nuclear reactor in Osirak in June 1981, the campaign intensifies. Attacks are carried out and warnings given in Europe against Khan’s suppliers and middlemen (see Early 1981, February 20, 1981, Early 1981, November 1981, and 1981). The bombings are investigated by the police forces in the countries in which they occur and are traced to a group of apparent fronts for Mossad: the Group for Non-Proliferation in South Asia, the Committee to Safeguard the Islamic Revolution, and the League for Protecting the Sub-Continent. European police realize that a state-backed group is probably behind the bombings and suspect Mossad, due to the problematic relations between Israel and the Islamic world. Authors Adrian Levy and Catherine Scott-Clark will also say that Mossad was behind the bombings, partly based on interviews of “senior intelligence sources” in Israel in 2006. [Levy and Scott-Clark, 2007, pp. 87-8, 476]

Entity Tags: Israel Institute for Intelligence and Special Tasks (Mossad)

Timeline Tags: Alleged Use of False Flag Attacks, A. Q. Khan's Nuclear Network

Thirty-nine people die at the European Cup final between Juventus and Liverpool, played at the Heysel Stadium in Brussels, Belgium. [Independent, 4/5/2005] The deaths occur as a group of Liverpool supporters break through a thin line of police at the aging stadium and advance towards the Juventus section. As the Italians try to escape, a retaining wall in one of their sectors collapses and many fans are crushed or trampled to death. [BBC, 5/29/2000] The game is won by Juventus, after playmaker Michel Platini scores from a wrongly awarded penalty. Platini will later say that when he discovered the number of Juventus fans who had lost their lives, “Something inside me died,” but add that despite the deaths, the game, which gave Juventus its first European Cup triumph, “was not meaningless.” He will also say that the referee’s mistake in awarding the penalty was understandable: “If I’d been the referee I’d have given it too. [Juventus striker Zbigniew] Boniek was 60 meters away and he was going too quickly.” [Independent, 4/5/2005]

Entity Tags: Juventus, Michel Platini, Zbigniew Boniek, Liverpool F.C.

Timeline Tags: Football Business and Politics

John Meriwether, formerly of Salomon Brothers, starts the process of collecting talented individuals to form a team to head a new hedge fund based on arbitrage deals surrounding government bonds. The “new” model will pull from George Soros’ Quantum fund tactics and high-level academic consultants to achieve possible gains in derivatives off fluctuations in the valuation of the government bonds. The fund will start with a $2-3 billion dollar investment fund, which, from its inception, will be managed by “some of Wall Street’s best traders and some of academia’s most influential minds.” [New York Times, 9/15/1993]

Entity Tags: Long-Term Capital Management, John Meriwether

Timeline Tags: Global Economic Crises

Shortly after 9/11, an Italian newspaper will report, “Six or seven years ago, probably in 1995, secret services from various European countries investigated the possibility that al-Qaeda, Osama bin Laden’s organization, was using a Milan stockbroker firm to operate on Europe’s money markets.” Italian intelligence first brings up the possibility, which is then investigated by other European intelligence agencies as well. However, it is also reported, “We neither know the name of the Milan stockbroker, nor whether the initial suspicions have ever been confirmed.” [BBC, 9/17/2001] It will also be reported shortly after 9/11 that “Italian stock authorities [are] investigating abnormal movements in share prices on the Milan stock exchange prior to the terrorist attacks” (see September 17, 2001). [Los Angeles Times, 9/18/2001]

Entity Tags: Osama bin Laden

Timeline Tags: Complete 911 Timeline

In a memo to President Clinton that is also widely distributed in the US intelligence community, CIA Director George Tenet warns: “The next several weeks will bring an increased risk of attacks on our country’s interests from one or more Middle Eastern terrorist groups… The volume of credible threat reporting has grown significantly in the past few months, particularly concerning plans by Osama bin Laden’s organization for new attacks in Europe and the Middle East.… Our most credible information on bin Laden activity suggests his organization is looking at US facilities in the Middle East, especially the Arabian peninsula, in Turkey and Western Europe. Bin Laden’s network is global however and capable of attacks in other regions, including the United States.” [Tenet, 2007, pp. 128-129] Just one day later, Clinton will brief incoming President Bush on the al-Qaeda threat (see December 19, 2000).

Entity Tags: George J. Tenet, Osama bin Laden, US intelligence, William Jefferson (“Bill”) Clinton, Central Intelligence Agency

Timeline Tags: Complete 911 Timeline, 9/11 Timeline

The Intergovernmental Panel on Climate Change (IPCC) releases its third assessment report on global warming, concluding that the planet’s atmosphere is warming faster than expected, and that evidence supports the theory that it is being caused by human activity. The study predicts that the world’s average surface temperature will rise 2.5 to 10.4 degrees Fahrenheit between 1990 and 2100. The IPCC’s 1995 estimate had only projected an increase of 1.8 to 6.3 degrees. The higher temperatures will cause glaciers to recede, pushing sea levels between 3.54 and 34.64 inches higher, the study says. Tens of millions of people living in low-lying areas will be displaced by the rising sea levels. The report also supports the conclusions of a 1998 study arguing that the last few decades of the twentieth century were warmer than any other comparable period in the last 1,000 years (see April 23, 1998). The IIPC’s 1,000 pages-plus report, written by 123 lead authors from all over the world, drew on the work of 516 contributing experts. At a news conference coinciding with the report’s release, IPCC chairman Robert Watson says, “We must move ahead boldly with clean energy technologies and we should start preparing ourselves for the rising sea levels, changing rain patterns and other impacts of global warming.” [Intergovernmental Panel on Climate Change, 2001; Reuters, 1/22/2001]

Entity Tags: Robert Watson, Intergovernmental Panel on Climate Change (IPCC)

Timeline Tags: Global Warming

In December 2000, the US and Russia cosponsored a United Nations Security Council resolution requiring member states to “freeze without delay” the funds of those on a list of designated terrorists. The resolution passed, and the UN and European Union (EU) release the list on this day. It contains the names of five alleged al-Qaeda leaders, including bin Laden’s security coordinator, brother-in-law, and financial handler. Yet strangely, the US itself does not freeze the assets of these five leaders, and will only so one month after 9/11 (see October 12, 2001). [United Nations, 3/8/2001; Los Angeles Times, 10/15/2001] The Guardian will report after 9/11, “Members of Congress want to know why treasury officials charged with disrupting the finances of terrorists did not follow” the UN and EU. [Guardian, 10/13/2001]

Entity Tags: European Union, United States, United Nations, Russia, US Department of the Treasury, Al-Qaeda

Timeline Tags: Complete 911 Timeline

The US convinces several European countries to suspend hundreds of millions of dollars in credit and aid and provide the IMF, World Bank, and European Union with “vague instructions” to deny other lines of credit to the impoverished Caribbean country of Haiti. The resumption of aid and credit is made contingent on Haitian President Aristide coming to an agreement with the opposition party, the Democratic Convergence, which is controlled and financed by Haitian and US right-wing interests. [Singleton, 5/16/2003 pdf file; Dollars and Sense, 9/7/2003; Taipei Times, 3/1/2004; CounterPunch, 3/1/2004; Observer, 3/2/2004]

Entity Tags: Democratic Convergence, George W. Bush

Timeline Tags: Haiti Coup, US-Haiti (1804-2005)

The Intergovernmental Panel on Climate Change (IPCC) releases its third assessment report concluding that evidence indicates that human activity is the major force behind global warming. “The report analyzes the enormous body of observations of all parts of the climate system, concluding that this body of observations now gives a collective picture of a warming world…. A detailed study is made of human influence on climate and whether it can be identified with any more confidence than in 1996, concluding that there is new and stronger evidence that most of the observed warming observed over the last 50 years is attributable to human activities.” The panel also notes in its report that “the globally averaged surface temperature is projected to increase by 1.4 to 5.8 degrees Celsius over the period 1990 to 2100.” Roughly 1,000 experts from around the world participated in the drafting, revising and finalizing of the report and approximately 2,500 helped review it. [Intergovernmental Panel on Climate Change, 2001; CBS News, 6/19/2003; Boston Globe, 6/20/2003]

Entity Tags: Intergovernmental Panel on Climate Change (IPCC)

Timeline Tags: Global Warming

One of the executive jets used by the CIA to fly prisoners to Guantanamo. This one, a Gulfstream with tail number N44982 when used by the CIA, is pictured in Geneva, Switzerland in 2005 with a new tail number.One of the executive jets used by the CIA to fly prisoners to Guantanamo. This one, a Gulfstream with tail number N44982 when used by the CIA, is pictured in Geneva, Switzerland in 2005 with a new tail number. [Source: Public domain via Wikipedia]A secret arrangement is made in Brussels, Belgium, by all members of NATO. Lord George Robertson, British defense secretary and later NATO’s secretary general, will later explain NATO members agree to provide “blanket overflight clearances for the United States and other allies’ aircraft for military flights related to operations against terrorism.” [London Times, 11/25/2007] Over 700 prisoners will fly over NATO countries on their way to the US-controlled Guantanamo prison in Cuba beginning in 2002 (see January 14, 2002-2005).
Conditions of Transfer - According to a 2007 report by the International Committee of the Red Cross (ICRC—see March 15, 2009), detainees flown on CIA rendition flights would be:
bullet Photographed both clothed and naked;
bullet Subjected to body cavity (rectal) searches, with some detainees later alleging that they were administered suppositories of some sort;
bullet Dressed in a diaper and a tracksuit, with earphones placed over the ears (through which shatteringly loud music would sometimes be played), a blindfold, black goggles, and sometimes cotton wool placed over the eyes;
bullet Shackled by hands and feet, and thus carried onto an airplane, where they would remain, without toilet privileges, from one to 30 hours.
The prisoners would usually be allowed to sit upright, but the ICRC will later find that on “some occasions detainees were transported lying flat on the floor of the plane… with their hands cuffed behind their backs,” causing them “severe pain and discomfort,” as they were moved from one location to another. [New York Review of Books, 3/15/2009]

Entity Tags: George Robertson, North Atlantic Treaty Organization, International Committee of the Red Cross

Timeline Tags: Torture of US Captives, Complete 911 Timeline

In September 2002, shortly after the arrest of al-Qaeda leader Ramzi bin al-Shibh in Karachi, Pakistan (see September 11, 2002), the New York Times will report: “Even before Mr. bin al-Shibh’s arrest, European officials warned that al-Qaeda appeared to have shifted much of its operations in Pakistan to Karachi. A year ago, 90 percent of communications and other links between suspected al-Qaeda members in Europe and individuals in Pakistan were traced to the city of Peshawar, near the Afghan border, a European law enforcement official said. As of this spring, roughly half of intercepted communications and other links were being traced to Karachi.” A European diplomat comments, “Obviously the brains and money for the terrorists have shifted from Peshawar to Karachi.” [New York Times, 9/15/2002] Presumably many of the communications to Peshawar involve al-Qaeda leader Abu Zubaida, considered a key communications hub and who has been monitored by a number of intelligence agencies, including the French, since at least 1998 (see October 1998 and After). Zubaida moves from his long-time base in Peshawar to the Pakistani city of Faisalabad after 9/11 and is captured there in March 2002 (see March 28, 2002). Al-Qaeda leaders Khalid Shaikh Mohammed and Ramzi bin al-Shibh are interviewed in Karachi around June 2002, a fact that is quickly shared with US intelligence (see June 14, 2002 and Shortly After).

Entity Tags: Al-Qaeda, Abu Zubaida, Ramzi bin al-Shibh, Khalid Shaikh Mohammed

Timeline Tags: Complete 911 Timeline, 9/11 Timeline

Prisoners being flown to Guantanamo.Prisoners being flown to Guantanamo. [Source: Public domain]Beginning in January 2002, when the US-controlled Guantanamo prison opens in Cuba, until at least 2005, over 700 suspects are secretly flown by the CIA to Guantanamo over the territories of European countries. Most prisoners come from Afghanistan or other places in the Middle East and change planes at the Incirlik US military airbase in Turkey. Then they fly over Greek, Italian, and Portuguese airspace. About 170 other prisoners fly over or land in Spain. The first flight apparently takes place on January 14, and carries three British citizens known as the “Tipton Three” as well as others (see January 13, 2002). In 2007, the Council of Europe, Europe’s leading watchdog on human rights, will claim that European countries had breached the international Convention against Torture (see October 21, 1994) by giving the US secret permission to use its airspace. Moazzam Begg, a British prisoner at Guantanamo until 2005, will later recall his flight to Guantanamo. “Inside the plane there was a chain around our waist, and it connected to cuffs around my wrists, which were tied in the back, and to my ankles. We were seated but it was so painful not being able to speak, to hear, to breathe properly, to look, to turn left or right, to move your hands, stretch your legs, or anything.” [London Times, 11/25/2007] All the member countries of NATO signed a secret agreement in late 2001 allowing blanket overflight clearances for any flight relating to terrorism (see October 4, 2001).

Entity Tags: Central Intelligence Agency, Moazzam Begg

Timeline Tags: Torture of US Captives, Complete 911 Timeline

CIA case officers stationed all over Europe attend a mandatory special conference in Rome. Officials from the CIA’s Iraq Operations Group inform the case officers that Iraq has been on the administration’s agenda from the very beginning. One officer who attends the conference later tells author James Risen: “They said this was on Bush’s agenda when he got elected, and that 9/11 only delayed it. They implied that 9/11 was a distraction from Iraq. And they said Bush was committed to a change of leadership in Iraq, and that it would start with kinetic energy—meaning bombs. Meaning war.” Officials in the Iraq Operations Group are openly supportive of the administration’s goal. At the conference, they give presentations about the evils of Iraq, most of which is based on information from the public record. One attendee likens it to a “pep rally” aimed at building support within the agency for an invasion of Iraq. “We were supposed to go out and tell our liaison contacts how bad Saddam was,” the officer later says. During the meeting, it is proposed that the CIA plant stories in the European media in support of a war with Iraq. [Risen, 2006, pp. 183-184]

Entity Tags: Iraq Operations Group

Timeline Tags: Complete 911 Timeline, Events Leading to Iraq Invasion, Domestic Propaganda

The Journal of Geophysical Research publishes a study by research meteorologists Richard Wetherald and Syukuro Manabe on how global warming might impact the hydrology of different regions. According to their computer model, high latitudes would experience higher run-off rates as a result of global warming. Winters would see higher soil moisture levels than winters currently do, while summers would see lower than normal soil moisture levels. Soil moisture in lower latitudes would be lower year-round, potentially leading to the expansion of deserts. [Wetherald and Manabe, 2002]

Entity Tags: Richard Wetherald, Syukuro Manabe

Timeline Tags: Global Warming

The UN High Commissioner for human rights in Bosnia, Madeleine Rees, demands that colleagues involved in the sex trade in Bosnia, including some UN officials, international peacekeepers, and police, be stripped of their immunity and prosecuted. She accuses Jacques Paul Klein, the former head of the UN mission in Bosnia, of not taking UN complicity in the country’s increasing sex trade seriously enough. There has been a recent upsurge in the trafficking of women in Bosnia, with reports documenting women as young as 12 years old being kidnapped from their homes in eastern Europe and being forced into prostitution by organized criminal gangs. The demand for young women in Bosnia began in the mid-1990s with the arrival of tens of thousands of male UN personnel. Some UN personnel and international aid workers have been linked to prostitution rings in the area. Rees says private contractors such as DynCorp are major contributors to the problem. She goes on to explain how foreign nationals enjoy immunity from punishment, and how no one is prosecuted if a brothel is raided and UN police are found inside. Jan Oskar Solnes, a spokesman for the European Union Police Mission in Bosnia and Herzegovina, responding to Rees comments, says: “It’s correct we have diplomatic immunity, but I imagine any incident [of sexual misconduct] would be a personal rather than professional matter.” Kirsten Haupt, a spokeswoman for the United Nations Liaison Office (UNLO) in Bosnia, says, “All cases have been thoroughly investigated. We have sent a number of officers home. There is absolutely no toleration of a ‘boys will be boys’ attitude here.” Also, an unnamed spokesman for DynCorp says, “We do not make it a practice to comment on opinions… However, we are familiar with previous public statements Ms. Rees has made about involuntary servitude and DynCorp continues to share her concerns for women held against their will in Bosnia, just as we condemn all human rights abuses anywhere in the world.” [Scotsman, 2/9/2003]

Entity Tags: DynCorp International, United Nations, Madeleine Rees, Jacques Paul Klein

Timeline Tags: Misc Entries

FIFA president Sepp Blatter suggests that female footballers should wear tighter shorts in a bid to attract more spectators. “Let the women play in more feminine clothes like they do in volleyball,” says Blatter. “They could, for example, have tighter shorts. Female players are pretty, if you excuse me for saying so, and they already have some different rules to men—such as playing with a lighter ball. That decision was taken to create a more female aesthetic, so why not do it in fashion?” The comments will be condemned by numerous female footballers. [Guardian, 1/16/2004]

Entity Tags: International Federation of Association Football, Joseph S. Blatter

Timeline Tags: Football Business and Politics

The European Union announces it has begun a preliminary investigation into the sale of Real Madrid’s training ground to the city council in 2001 (see (May 8, 2001)). The sale netted €480m, which wiped out the football club’s €290m debt and enabled it to buy players such as Zinedine Zidane, Ronaldo, Luis Figo, and David Beckham. “We believe Madrid’s regional authorities may have overpaid,” says Tilman Luder, the EU’s competition spokesman. He also warns that the club may have to pay back some money if the price exceeded the market value. “We have sent a questionnaire to the Spanish government: to find out why they bought this land, at what price, and if they can prove it was at the market price. We suspect that the purchase price was influenced by the fact that this property had been reclassified, which increased its value,” says Luder. If Spain’s response to the questionnaire is not satisfactory, the EU may launch a formal investigation. [Independent, 3/4/2010] The EU will later drop the matter (see (November 9, 2004)).

Entity Tags: Tilman Luder, Real Madrid Club de Fútbol, European Union

Timeline Tags: Football Business and Politics

A man thought to be Osama bin Laden offers European countries a truce, but the offer is rejected. Following bombings in Madrid, Spain, (see 7:37-7:42 a.m., March 11, 2004) a new audiotape featuring a voice thought to be bin Laden’s is released and addresses Europeans. After mentioning the occupation of Palestine, the voice says: “[W]hat happened to you on September 11 and March 11 are your goods returned to you. It is well known that security is a vital necessity for every human being. We will not let you monopolize it for yourselves.” The speaker compares actions by militant Islamists to those of the West and its allies, in particular the killing of a wheelchair-bound Hamas leader, and asks: “In what creed are your dead considered innocent but ours worthless? By what logic does your blood count as real and ours as no more than water? Reciprocal treatment is part of justice, and he who commences hostilities is the unjust one.” The voice also says, “This war is making billions of dollars for the big corporations, whether it be those who manufacture weapons or reconstruction firms like Halliburton and its offshoots and sister companies.” The speaker finishes by saying that his actions have been in response to the West’s alleged interference in Muslim lands: “For we only killed Russians after they invaded Afghanistan and Chechnya, we only killed Europeans after they invaded Afghanistan and Iraq, and we only killed Americans in New York after they supported the Jews in Palestine and invaded the Arabian peninsula, and we only killed them in Somalia after they invaded it in Operation Restore Hope.” [BBC, 4/15/2004; Laden, 2005, pp. 233-6]

Entity Tags: Osama bin Laden

Timeline Tags: Complete 911 Timeline

NATO adopts an official policy document mandating “zero-tolerance” for the trafficking in human beings by NATO forces and staff. The document is a result of discussions that began at NATO in the fall of 2003. The document says that NATO will increase cooperation among countries in order to combat the problem of human trafficking. Specific strategies outlined in the document include reviewing current legislation of member countries, encouraging member countries to approve the UN Convention Against Organized Crime, providing support to local authorities in their efforts to combat trafficking in human beings, imposing penalties on contractors who engage in human trafficking, and evaluating the implementation of the efforts of those involved. [NATO, 6/29/2004]

Entity Tags: North Atlantic Treaty Organization

Timeline Tags: Misc Entries

The European Union drops a competition probe into a transaction in which football club Real Madrid received hundreds of millions of Euros from the Madrid city council in return for its training ground (see (May 8, 2001) and March 3, 2004). The commission concludes that no state aid for Real was involved in the transaction and no government resources were transferred to it. [Sports Illustrated, 11/9/2004]

Entity Tags: Real Madrid Club de Fútbol, European Union

Timeline Tags: Football Business and Politics

Iran says that incentives put forward by Europe and the United States the previous day (see March 11, 2005) are meaningless. “The Islamic Republic of Iran is determined to use peaceful nuclear technology and no pressure, intimidation or threat can make Iran give up its right,” says Foreign Ministry spokesman Hamid Reza Asefi. The European Union and United States unveiled a “carrot and stick” approach to pressure Tehran to give up uranium enrichment which can be used to make bomb-grade fuel. Asefi argues that US prohibitions against the sale of aircraft spare parts to Iran should never have been imposed in the first place. “Lifting them is no concession and entering the WTO is a clear right of all countries.” He also says that Iran would be happy to implement measures—such as allowing intrusive UN inspections of its nuclear sites—in order to provide “objective guarantees” that it is not developing nuclear weapons. [Reuters, 3/12/2005; Voice of America, 3/12/2005]

Entity Tags: Hamid Reza Asefi

Timeline Tags: US confrontation with Iran

In its yearly report on glaciers, the Austrian Alpenverein, or Alpine Club, documents the melting of glaciers in the Alps. In the winter of 2005 and 2006, the length of 97 glaciers out of the 105 observed was reduced. [Patzelt, 4/2/2007, pp. 20-25 pdf file]

Entity Tags: Oesterreichischer Alpenverein

Timeline Tags: Global Warming

Real Madrid logo.Real Madrid logo. [Source: SoccerFiesta (.net)]Deloitte publishes its Football Money League rankings for the 2004-2005 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€275.7m)
(2) Manchester United (€246.4m)
(3) Milan (€234.0m)
(4) Juventus (€229.4m)
(5) Chelsea (€220.8m)
(6) Barcelona (€207.9m)
(7) Bayern Munich (€189.5m)
(8) Liverpool (€181.2m)
(9) Internazionale (€177.2m)
(10) Arsenal (€171.3m)
(11) Roma (€131.8m)
(12) Newcastle United (€128.9m)
(13) Tottenham Hotspur (€104.5m)
(14) Schalke (€97.4m)
(15) Lyon (€92.9m)
(16) Celtic (€92.7m)
(17) Manchester City (€90.1m)
(18) Everton (€88.8m)
(19) Valencia (€84.6m)
(20) Lazio (€83.1m) [Deloitte, 2/2006 pdf file]

Entity Tags: Celtic F.C., Fussball-Club Gelsenkirchen-Schalke 04, Real Madrid Club de Fútbol, Tottenham Hotspur F.C., Valencia, FC Barcelona, Newcastle United F.C., Bayern Munich, Arsenal F.C., Milan, Roma, Manchester City F.C., Everton F.C., Manchester United F.C., Chelsea F.C., Internazionale, Deloitte, Lazio, Juventus, Olympique Lyonnais, Liverpool F.C.

Timeline Tags: Football Business and Politics

The Aerospace Industries Association, along with representatives from the Boeing Company and the Northrop Grumman Corporation, meet with researchers at the Heritage Foundation to discuss plans to relax arms exporting rules so the industry can increase its sales of weapons to foreign countries. They are drafting a new export control law that they hope Congress will take up next year. [Aerospace Industries Association, 10/2006 pdf file; New York Times, 11/1/2006]

Entity Tags: Boeing Company, Northrop Grumman Corporation, Aerospace Industries Association, Heritage Foundation

Timeline Tags: US Military

FIFA and the International Federation of Professional Footballers (FIFPro) sign a memorandum of understanding stating that FIFA and FIFPro have agreed to introduce FIFA’s proposed “6+5” regulations over the course of several seasons. Under the plan each club side would have to have six players qualified to represent the national association to which the club belonged at the start of each match. The other five and all the substitutes could then be foreigners. The plan is controversial because it is a clear breach of regulations on the free movement of labour set out in Article 39 of the Treaty of Rome, which governs the operation of the European Union. [World Sports Law Report, 12/6/2006]

Entity Tags: Fédération Internationale des Associations de Footballeurs Professionnels, International Federation of Association Football

Timeline Tags: Football Business and Politics

Oxfam publishes a report concluding that poor people in developing nations are dying needlessly because drug companies and the governments of certain wealthy nations are putting a higher priority on defending intellectual property rights than protecting human life. According to the report, the United States has used free-trade agreements and threats of sanctions to prevent countries from producing and distributing low-cost generic drugs in order to preserve the monopolies of large drug companies. Likewise, the drugs makers themselves are pushing countries to prevent the sale of cheaper drugs. “Pfizer is challenging the Philippines government in a bid to extend its monopoly on Norvasc, a [blood] pressure drug. Novartis is engaged in litigation in India to enforce a patent for Glivec, a cancer drug, which could save many lives if it were available at generic prices,” the Guardian reports. The Oxfam report says that efforts to block the poor’s access to affordable medicine undermines the five-year old Doha declaration, which sought to improve poor countries’ access to cheap drugs. “[R]ich countries have failed to honor their promises. Their record ranges from apathy and inaction to dogged determination to undermine the declaration’s spirit and intent. The US, at the behest of the pharmaceutical industry, is uniquely guilty of seeking ever higher levels of intellectual property protection in developing countries,” the report says. [Guardian, 11/14/2006; Oxfam, 11/14/2006 pdf file]

Entity Tags: United States, Oxfam

Timeline Tags: US Health Care

FIFA president Sepp Blatter makes a speech to the Soccerex conference in Dubai about a range of current topics. On the issue of video replays, he says he will never allow matches to be halted as long as he remains FIFA president. However, he remains open to goalline technology, provided it delivers an instant answer, and he thinks it may be ready for introduction at the Club World Championship in Tokyo in December 2007. Blatter also dicusses his “6+5” proposal to limit the number of foreigners clubs field. “We believe six plus five will give more incentive to young players,” says Blatter. “All the big clubs have youth departments but there is no chance for these players to play in the first team.… The big clubs with a lot of money can afford to buy the best players. They have 20, 25, sometimes 30 on their list but only 11 can play. What are the others doing? Waiting? Recuperating? Or taking away the chance for other teams to have a better starting eleven? What these rich clubs are doing is taking the best out of market, then not letting them play. Look at the results in some European leagues. Some clubs are already far away after a third of the season, the others can only play to avoid relegation, not for the title. Something is wrong about this.” Blatter also warns of foreign investors buying English clubs, saying: “England must be a very attractive league for investors to take over whole clubs. As long as they are promoting the game in a sensitive way, we are not concerned. But if they are arriving to take the best out of football, rather than to serve it, again something is wrong because when you have so much money, it leads to a distortion as far as the other clubs are concerned.” [Daily Mail, 11/27/2006]

Entity Tags: International Federation of Association Football, Joseph S. Blatter

Timeline Tags: Football Business and Politics

FIFA president Sepp Blatter gives an interview to the German magazine Kicker on a number of reforms for the world game. Blatter thinks that the football season should begin in late February and finish at the end of November, with the longer winter break being used for national team games. “I’ve just proposed to the clubs: play through the summer, make the season like the calendar year,” says Blatter. “This would leave enough time for players to recover and there could be blocks of three weeks of qualifying games in winter.” He claims, “This idea is supported by big European clubs.” In addition, in World Cup qualifying he wants more European groups with less teams qualifying from each group; this would lead to fewer games for national teams, which is what big clubs want. Blatter also expresses support for his “6+5” idea to limit the number of foreigners club teams field. “The ‘6 5’ is coming, for sure,” he says, although it is only to be applied in Europe. “First, it will bring a higher identification between clubs and fans. Second, it would raise the opportunities for talents. And third, the clubs’ finances would benefit if they take players from their own schools.” Such a rule is controversial, because it is contrary to well-established European Union regulations on the free movement of labour. Therefore, Blatter appeals to the EU to stay out of football, although he would like government help creating more transparency in financial structures in international football and its transfer market. Blatter also rejects calls for a salary cap. [Associated Press, 12/4/2006]

Entity Tags: International Federation of Association Football, Joseph S. Blatter

Timeline Tags: Football Business and Politics

Former France and Juventus player Michel Platini (see 1982) is elected head of the Union of European Football Associations (UEFA), defeating the incumbent Lennart Johansson. Platini wins in the first round of voting, just obtaining an absolute majority from the 52 national associations that voted in a secret ballot. Johansson had been president for 16 years. One of Platini’s main goals, with which Johansson disagreed, was to limit the number of Champions League places to a maximum of three per country, rather than four, starting in 2009. Only England, Spain, and Italy currently have four Champions League places, so the move would hit them, and potentially benefit voters from all the other countries. In addition, Platini wants a cost control measure that limits clubs’ playing staff salary costs to “something like 50-60 percent of turnover,” as well as to combat racism and fraud, develop UEFA’s competitions, and gain recognition of football’s special status in European law. [BBC, 1/26/2007]

Entity Tags: Michel Platini, Lennart Johansson, Union of European Football Associations

Timeline Tags: Football Business and Politics

Deloitte publishes its Football Money League rankings for the 2005-6 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€292.1m)
(2) Barcelona (€259.1m)
(3) Juventus (€251.2m)
(4) Manchester United (€242.6m)
(5) AC Milan (€238.7m)
(6) Chelsea (€221.0m)
(7) Internazionale (€206.6m)
(8) Bayern Munich (€204.7m)
(9) Arsenal (€192.4m)
(10) Liverpool (€176.0m)
(11) Lyon (€127.7m)
(12) Roma (€127.0m)
(13) Newcastle United (€124.3m)
(14) Schalke (€122.9m)
(15) Tottenham Hotspur (€107.2m)
(16) Hamburg (€101.8m)
(17) Manchester City (€89.4m)
(18) Rangers (€88.5m)
(19) West Ham United (€86.9m)
(20) Benfica (€85.1m) [Deloitte, 2/2007 pdf file]

Entity Tags: Benfica, Fussball-Club Gelsenkirchen-Schalke 04, Real Madrid Club de Fútbol, Tottenham Hotspur F.C., West Ham United, FC Barcelona, Rangers, Bayern Munich, Arsenal F.C., Newcastle United F.C., Roma, Manchester United F.C., Hamburg SV, Milan, Chelsea F.C., Internazionale, Deloitte, Liverpool F.C., Juventus, Manchester City F.C., Olympique Lyonnais

Timeline Tags: Football Business and Politics

The UN’s Intergovernmental Panel on Climate Change issues a summary of its fourth report concluding for the first time that global warming is “unequivocal.” The authors of the report also conclude that there is a 90 percent likelihood that greenhouse gases produced as a result of human activities have been the main cause of global warming since 1950. In its last report (see January 22, 2001), the panel made the same assessment, but with a confidence level of only 66 to 90 percent. The 20-page summary, meant for policymakers, will be followed by four technical reports that will be completed and published later in the year. The panel’s conclusions are based on “a three-year review of hundreds of studies of past climate shifts; observations of retreating ice, warming and rising seas, and other changes around the planet; and a greatly expanded suite of supercomputer simulations used to test how the earth will respond to a growing blanket of gases that hold heat in the atmosphere,” the New York Times reports.
Partial list of conclusions -
bullet Global temperatures will increase 3.5 to 8 degrees Fahrenheit if carbon dioxide concentrations in the atmosphere attain levels twice that of 1750, before the Industrial Revolution.
bullet Concentrations of carbon dioxide have reached a level not seen during the last 650,000 years, and the rate of increase is beginning to accelerate.
bullet Even a moderate warming of the global climate would likely result in significant stress to ecosystems and change longstanding climate patterns that influence water supplies and agricultural production.
bullet Sea levels will likely rise between 7 and 23 inches by 2100 and continue rising for at least the next 1,000 years.
bullet “It is very likely that hot extremes, heat waves, and heavy precipitation events will continue to become more frequent.”
bullet The panel expects that precipitation will increase at higher latitudes, while rainfall will likely decrease at lower latitudes. Semi-arid subtropical regions could see 20 percent less rain.
bullet Oceans will absorb billions of tons of carbon dioxide which will form carbonic acid, thus lowering the pH of seawater and harming certain kinds of marine life such as corals and plankton.
bullet If the level of greenhouse gases continues to grow, average temperatures by the end of the century could reach temperature not seen since 125,000 years ago when ocean levels were 12 to 20 feet higher than they are now. Much of that extra water is currently locked in the ice sheets of Greenland and Antarctica, which are beginning to melt. While there is evidence that the glaciers and ice sheets in the Arctic and Antarctic could flow seaward far more quickly than current estimates predict, the climate change panel did not include this in its assessment because it is forbidden by its charter to engage in speculation. According to Michel Jarraud, the secretary general of the United Nations World Meteorological Organization, “the speed with which melting ice sheets are raising sea levels is uncertain, but the report makes clear that sea levels will rise inexorably over the coming centuries. It is a question of when and how much, and not if.”
bullet The harmful consequences of global warming can be lessened if governments take prompt action.
Responses -
bullet Achim Steiner, executive director of the United Nations Environment Program, which administers the panel along with the World Meteorological Organization, says: “In our daily lives we all respond urgently to dangers that are much less likely than climate change to affect the future of our children. Feb. 2 will be remembered as the date when uncertainty was removed as to whether humans had anything to do with climate change on this planet. The evidence is on the table.”
bullet John P. Holdren, an energy and climate expert at Harvard, who is the president of the American Association for the Advancement of Science, says the report “powerfully underscores the need for a massive effort to slow the pace of global climatic disruption before intolerable consequences become inevitable.… Since 2001, there has been a torrent of new scientific evidence on the magnitude, human origins and growing impacts of the climatic changes that are under way. In overwhelming proportions, this evidence has been in the direction of showing faster change, more danger and greater confidence about the dominant role of fossil-fuel burning and tropical deforestation in causing the changes that are being observed.”
bullet Richard B. Alley, one of the lead authors and a professor at Pennsylvania State University, says: “Policy makers paid us to do good science, and now we have very high scientific confidence in this work—this is real, this is real, this is real. The ball’s back in your court.” [Intergovernmental Panel on Climate Change, 2/2/2007 pdf file; New York Times, 2/3/2007; Independent, 2/3/2007]

Entity Tags: Michel Jarraud, John P. Holdren, Intergovernmental Panel on Climate Change (IPCC), Achim Steiner, Richard B. Alley

Timeline Tags: Global Warming

UEFA approves several changes to the Champions League and other competitions it runs.
bullet The final of the Champions League will take place on a Saturday, instead of a Wednesday, from 2010. UEFA justifies the change by saying more children will be able to see the game. “I also hope that playing the UEFA Champions League final on a Saturday will give families, especially children, the chance to see the game,” says UEFA president Michel Platini. [BBC, 11/30/2007] The change of game day also means that the match, which is played in the late evening in Europe, is at a much more attractive time for the US market—2:45 p.m. Eastern Standard Time on Saturday. This means that the game will become one of only a few such club football games ever shown live on US network television. [FoxSoccer, 5/17/2010] The cheapest child ticket for the 2011 Champions League final will be £113, will have to be purchased together with an adult ticket costing £225, and will be subject to a £26 “administration fee” (see February 17, 2011).
bullet Qualification for the Champions League is altered, making it harder for a fourth team from the three leading countries to qualify, to the benefit of smaller countries.
bullet The group stage in UEFA’s second most important club competition, the UEFA Cup, is altered, and there will now be 12 groups of four teams before the knockout stages.
bullet UEFA’s third-string competition, the Intertoto Cup, is abolished. [BBC, 11/30/2007]

Entity Tags: Union of European Football Associations, Michel Platini

Timeline Tags: Football Business and Politics

Deloitte publishes its Football Money League rankings for the 2006-2007 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€351.0m)
(2) Manchester United (€315.2m)
(3) FC Barcelona (€290.1m)
(4) Chelsea (€283.0m)
(5) Arsenal (€263.9m)
(6) AC Milan (€227.2m)
(7) Bayern Munich (€223.3m)
(8) Liverpool (€198.9m)
(9) Internazionale (€195.0m)
(10) AS Roma (€157.6m)
(11) Tottenham Hotspur (€153.1m)
(12) Juventus (€145.2m)
(13) Olympique Lyonnais (€140.6m)
(14) Newcastle United (€129.4m)
(15) Hamburg SV (€120.4m)
(16) Schalke 04 (€114.3m)
(17) Celtic (€111.8m)
(18) Valencia (€107.6m)
(19) Olympique de Marseille (€99.0m)
(20) Werder Bremen (€97.3m) [Deloitte, 2/14/2008 pdf file]

Entity Tags: Roma, Tottenham Hotspur F.C., Valencia, Celtic F.C., FC Barcelona, Real Madrid Club de Fútbol, Bayern Munich, Arsenal F.C., Olympique de Marseille, Fussball-Club Gelsenkirchen-Schalke 04, Milan, Hamburg SV, Newcastle United F.C., Chelsea F.C., Internazionale, Deloitte, Liverpool F.C., Manchester United F.C., Olympique Lyonnais, Juventus

Timeline Tags: Football Business and Politics

On the eve of a crucial European Parliament vote on FIFA’s “6+5” rule to limit the number of foreigners fielded by football clubs, the organization’s president Sepp Blatter holds a roundtable with journalists to promote the regulation. Blatter says that the rule is intended to “protect minors, protect youth training, adapt the transfer system to today’s realities, and ensure tighter control over the actions of players’ agents.” In addition, it will help keep national teams strong and allow youth players to play for their original clubs. Blatter says the rule does not conflict with well-established European Union legislation on the free movement of labor, because “[c]lubs will still be free to take on as many foreign players as they want. When a match kicks off however, they will have to have six players on the pitch who are eligible for the national team of the country in question.” Blatter is critical of UEFA’s 4+4 “home-grown player rule,” as it “does not protect players who are eligible for the national team of the club in question,” and under this system “the richest clubs would merely have to buy players at an even younger age than they are currently doing.” He also points out that on average the five main European leagues (Germany, England, Spain, France, and Italy) already mostly comply with the “6+5” rule, so it would not make much difference to them anyway. Blatter claims that 80 percent of revenues generated by the Champions League go to the competing clubs, and that the “6+5” rule would lead to more equitable distribution, although the mechanism by which this would occur is unclear. Blatter acknowledges that there will be problems implementing the rule, but cites support from other sports organizations and says FIFA needs “to convince the world and the media.” [FIFA, 5/7/2008] The European Parliament vote will go against the “6+5” rule 518 to 49 (see May 8, 2008).

Entity Tags: International Federation of Association Football, Joseph S. Blatter

Timeline Tags: Football Business and Politics

The European Parliament votes 518 to 49 against allowing football authorities to implement the “6+5” proposal, which would limit the number of foreigners fielded by football clubs. The “6+5” rule was championed by FIFA, in particular its president Sepp Blatter (see November 27, 2006 and December 4, 2006). However, the parliament approves the “home-grown player rule” pur forward by UEFA. The “home-grown player rule” is different in that it is the country in which the player was trained, not his nationality that is decisive. Opposition to the “6+5” rule is grounded in the fact that it is in clear conflict with European Union legislation on the free movement of labour (see November 2, 2006). [Independent, 5/9/2008]

Entity Tags: European Parliament

Timeline Tags: Football Business and Politics

The Royal Bank of Scotland (RBS) predicts “a full-fledged crash in global stock and credit markets over the next three months as inflation paralyzes the major central banks.” RBS credit strategist Bob Janjuah says, “A very nasty period is soon to be upon us—be prepared.” Bolstering Janjuah’s dire predictions, the RBS bank research team warns that the Wall Street equities index, Standard & Poor’s (S&P) 500 index is likely to fall by more than 300 points to around 1050 by September as “all the chickens come home to roost” from what the Daily Telegraph describes as “the excesses of the global boom, with contagion spreading across Europe and emerging markets. Such a slide on world [markets] would amount to one of the worst bear markets over the last century.” Janjuah also warned of the credit crisis in 2007. RBS predicts that Wall Street would rally a little in early July before quickly fizzling out. “Globalization was always going to risk putting G7 bankers into a dangerous corner at some point. We have got to that point,” Janjuah says. RBS debt market chief Kit Jukes says Europe will not be immune from the problems: “Economic weakness is spreading and the latest data on consumer demand and confidence are dire.” [Daily Telegraph, 6/19/2008]

Entity Tags: Bob Janjuah, Royal Bank of Scotland, Kit Jukes

Timeline Tags: Global Economic Crises

Two European commissioners restate their opposition to FIFA’s “6+5” proposal to restrict the number of foreigners fielded by football teams. The statement is issued following a meeting of European sports ministers that FIFA attended. The opposition of Vladimir Spidla and Jan Figel, European commissioners for employment and education respectively, is grounded in the fact that the rule “is based on direct discrimination on the grounds of nationality, and is thus against one of the fundamental principles of EU law.” However, the two commissioners remain “open to discuss ways and means of bringing more balance to the game of football together with FIFA and other interested parties to find a solution that would be compatible with EU law.” Regarding a proposal made by football authorities to ban international transfers of players aged under 18, they have some sympathy for the idea, but “free movement of workers is a fundamental principle of the EU. And a proposal to ban all transfers of under-18s would, at first sight, appear to constitute indirect discrimination in the field of free movement of workers and could be disproportionate in light of the objectives pursued.” [European Commission, 11/28/2008]

Entity Tags: European Commission, International Federation of Association Football, Jan Figel, Vladimir Spidla

Timeline Tags: Football Business and Politics

As more EU companies lay off workers, unemployment rises to its highest level in more than two years. The EU jobless rate rises from a revised 8.1 percent in December, and above the 7.3 percent figure in January 2008, according to a report from the BBC. Annualized inflation in the 16-nation area falls to 1.1 percent in January, its lowest in nearly a decade, down from 1.6 percent in the year to December 2008. According to EU officials, the EU has been in recession since September 2008. The latest unemployment and inflation figures increase pressure on the European Central Bank (ECB) to further cut interest rates in an effort to bolster the economy and bring inflation closer to its 2 percent target. The ECB trims rates by half a percentage point to 2 percent in January, the fourth reduction since September, when rates stood at 4.25 percent. “January’s rise in unemployment and further fall in core inflation support our view that ECB interest rates have much further to fall,” says Jennifer McKeown, an analyst at Capital Economics. “The downturn in the labor market, and indeed the wider economy, points to a further fall in core inflation in the coming months.” Unemployment among European Union nations is highest in Spain, at 14.8 percent, and lowest in the Netherlands, at 2.8 percent. [BBC, 2/27/2009]

Entity Tags: Capital Economics, Jennifer McKeown, European Central Bank

Timeline Tags: Global Economic Crises

Depending on the extent and length of the economic crisis, the International Labor Organization (ILO) predicts in its annual Global Employment Trends Report that global unemployment could increase from 33 million to 51 million people, up 18 million from 2007 figures. The ILO urges global governments to emphasize job creation in their fiscal stimulus packages and improve social protection systems for the unemployed and the employed. “We are now facing a global jobs crisis,” Juan Somavia, ILO director general says. “Progress in poverty reduction is unraveling, and middle classes worldwide are weakening. The political and security implications are daunting.” The ILO is a United Nations organization that has painted three 2009 global unemployment scenarios, ranging from bad to worst. “In all scenarios, there will be a global unemployment rate increase in 2009, particularly the developed economies,” the ILO report says. Its most optimistic scenario is based on the International Monetary Fund’s November 2008 world economic growth projection, which indicates that there would be a global unemployment rate at 6.1 percent. This scenario has 18 million more people unemployed by the end of 2009, in comparison to the end of 2007, with a global unemployment rate of 6.1 percent. Under the ILO’s second and third scenarios, the numbers could rise by 30 million or even 51 million, with a much slower economic recovery, with unemployment reaching higher levels in developed countries. Under the ILO’s third scenario, approximately 200 million workers could be pushed into extreme poverty with incomes as low as $1.25 a day; 140 million would be in Asia. “The world is facing an unprecedented crisis that calls for creative solutions,” the organization says. [Deutsche Presse-Agentur (Hamburg), 1/28/2009]

Entity Tags: Juan Somavia, International Labor Organization (ILO), International Monetary Fund

Timeline Tags: Global Economic Crises

Deloitte publishes its Football Money League rankings for the 2007-2008 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€365.8m)
(2) Manchester United (€324.8m)
(3) FC Barcelona (€308.8m)
(4) Bayern Munich (€295.3m)
(5) Chelsea (€268.9m)
(6) Arsenal (€264.4m)
(7) Liverpool (€210.9m)
(8) AC Milan (€209.5m)
(9) AS Roma (€175.4m)
(10) Internazionale (€172.9m)
(11) Juventus (€167.5m)
(12) Olympique Lyonnais (€155.7m)
(13) Schalke 04 (€148.4m)
(14) Tottenham Hotspur (€145.0m)
(15) Hamburger SV (€127.9m)
(16) Olympique de Marseille (€126.8m)
(17) Newcastle United (€125.6m)
(18) VfB Stuttgart (€111.5m)
(19) Fenerbahce (€111.3m)
(20) Manchester City (€104.0m) [Deloitte, 2/13/2009]

Entity Tags: Real Madrid Club de Fútbol, Bayern Munich, Olympique de Marseille, Fussball-Club Gelsenkirchen-Schalke 04, Tottenham Hotspur F.C., VfB Stuttgart, Newcastle United F.C., FC Barcelona, Arsenal F.C., Milan, Roma, Manchester City F.C., Fenerbahce S.K., Deloitte, Manchester United F.C., Hamburg SV, Chelsea F.C., Juventus, Liverpool F.C., Olympique Lyonnais, Internazionale

Timeline Tags: Football Business and Politics

UEFA president Michel Platini (see January 26, 2007) addresses the European Parliament in Brussels and outlines his program as head of the governing body of the continent’s most popular sport. Platini advocates the idea of financial fair play, which he says will lead to competitive balance in European competitions. He also insists that football should not be treated as an economic activity, and that the sport’s specific nature should be recognised officially. Furthermore, the UEFA president calls, among other things, for a ban on the movement abroad of people who play football but are under the age of 18. Regarding the specific nature of football, Platini argues that certain laws governing the rest of society should not apply to the game because such application is based on “the false equation that professional sport equals a purely economic activity.” [UEFA, 2/22/2009]

Entity Tags: Union of European Football Associations, Michel Platini

Timeline Tags: Football Business and Politics

The European Commission announces that an index of euro-region executive and consumer sentiment has dropped to 65.4 from 67.2. This is a record low and is caused by the global economic crisis. Responding to this and other bad news Jacques Cailloux, chief euro area economist at Royal Bank of Scotland in London, says, “Today’s data has dashed any hope of a tentative stabilization” in the economy. He also predicts a change in policy by the European Central Bank (ECB): “Any sense that the ECB may pause after a March rate cut can be thrown out the window. They will go very low and they will have to start embarking on additional measures.” [Bloomberg, 2/26/2009]

Entity Tags: Royal Bank of Scotland, Jacques Cailloux

Timeline Tags: Global Economic Crises

A report ordered by FIFA from the Institute for European Affairs (INEA) is published stating that FIFA’s “6+5” rule to limit the number of foreigners fielded by football clubs is not illegal under Europan Union law, despite repeated European Union statements to the contrary (see May 8, 2008 and November 28, 2008). “There is no conflict with European law,” INEA chairman Professor Jurgen Gramke tells a press conference. “The 6+5 rule does not impinge on the core area of the right to freedom of movement. The rule is merely a rule of the game declared in the general interest of sport in order to improve the sporting balance between clubs and associations.” The report says that, at worst, the 6+5 rule could constitute “indirect discrimination” because “it is not directly based on the nationality of professional players.” [Institute for European Affairs, 10/24/2008 pdf file; Daily Telegraph, 2/26/2009]

Entity Tags: Institute for European Affairs, Jurgen Gramke

Timeline Tags: Football Business and Politics

The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank pledge to invest €24.5 billion in countries such as Latvia and Hungary that have been hit by the global economic slump. In a joint statement, the three groups announce that the two-year joint initiative will include equity and debt financing, and access to credit and risk insurance aimed at encouraging lending, on top of the countries’ national government responses. The bailout is designed to “deploy rapid, large-scale and coordinated financial assistance… to support lending to the real economy through private banking groups, in particular to small-and medium-sized enterprises.… The response takes into account the different macroeconomic circumstances in, and financial pressures on countries in Eastern Europe, acknowledging the diversity of challenges stemming from the global financial retrenchment,” the groups add. The EBRD was founded in 1991 to assist the transition of former communist nations to market economies—investing across 30 countries including Ukraine, Moldova, and Russia. “The institutions are working together to find practical, efficient and timely solutions to the crisis in eastern Europe,” says EBRD President Thomas Mirow. [BBC, 2/27/2009]

Entity Tags: European Bank for Reconstruction and Development, Thomas Mirow, World Bank, European Investment Bank

Timeline Tags: Global Economic Crises

European Union Leaders hold an emergency summit in Brussels, saying they are determined to avoid protectionist moves in response to the economic crisis that might cause a rift between nations in the East and West. The summit comes on the heels of French President Nicolas Sarkozy’s pledge to help his nation’s car industry, if jobs were safeguarded in France. Sarkozy’s pledge raised fears that national protectionism could scuttle hopes of a Eurozone recovery. Speaking after their meeting, European Commission President Jose Manuel Barroso says, “There was consensus on the need to avoid any unilateral protectionist measures.” German Chancellor Angela Merkel says that the newest EU member states that are former communist countries were not all in the same situation. Czech Republic Prime Minister Mirek Topolanek, the current EU president who also chairs the talks, condemns Sarkozy’s comments, saying: “We need a Europe without barriers but also a just and fair Europe. I think that it was perfectly clear that the European Union isn’t going to leave anybody in the lurch.” British Prime Minister Gordon Brown adds: “Today was the start of a European consensus on all these major issues that are facing the world community, including ‘no’ to protectionism. Bold global action, a global grand bargain, is not now just necessary, but it is vitally urgent.” President Sarkozy denies accusations of protectionism levied at his €6 billion (approximately $8 billion) bail-out plan to keep French carmakers manufacturing in France, but says that if the US defended its own industries, perhaps Europe should do the same. There is no announcement of a new EU aid package for the badly-hit economies of Central and Eastern Europe. The summit comes a week after the same EU leaders met to discuss reforming the EU’s financial system. Brown says the G20 talks next month represent an opportunity to agree on a new deal. “Only by working together will we deliver the EU and international recovery we need,” he says. This week, Brown will become the first European leader to hold talks with President Obama, who is also expected to visit Prague in April. [BBC, 3/1/2009]

Entity Tags: Nicolas Sarkozy, Angela Merkel, Barack Obama, European Parliament, Gordon Brown, Mirek Topolanek, Jose Manuel Barroso

Timeline Tags: Global Economic Crises

The World Bank predicts a 2.9 percent contraction in the global economy and adds that unemployment and poverty will continue to rise in developing nations in 2009. The revised previous estimate of a 1.7 percent decline causes a slide in US and European stocks and commodities. Three months ago, the World Bank issued a new estimate of 2 percent in 2010. Although the S&P 500 remains up 33 percent from its 12-year low in March, since June 12, the index has fallen 5.1 percent. Last week, the S&P 500 lost 2.6 percent, as a turndown in crude oil wounded fuel producers and Standard & Poor’s rating agency downgraded 18 banks’ credit ratings. Speaking in Paris today, economics professor Nouriel Roubini—who predicted the current financial crisis as early as 2006—says the global economy could suffer another slump due to higher oil prices and increasing budget deficits. “I see the worry of a double whammy” because of energy costs and fiscal burdens, thus increasing the risk of a setback in the economic recovery. He says that oil might rise to $100 a barrel. The increase in the value of the dollar blunted the appeal of commodities as an alternative investment, and sent copper, gasoline and oil prices lower. Amid the resignations of two more board members, bringing the total of departing directors to seven since April, Bank of America stock falls 6.1 percent to $12.41, the bank’s steepest intraday decline since May 15. It is expected that at the end of their two-day meeting on June 24, Federal Reserve officials might announce that the US is showing signs of surfacing from the worst recession in 50 years, although, after their last meeting in April, they announced that the economy would “remain weak for a time.” It is anticipated that central bankers will keep the benchmark interest rate in the range of zero to 0.25 percent. [Bloomberg, 6/22/2009]

Entity Tags: World Bank, Bank of America, Nouriel Roubini, US Federal Reserve, Standard & Poor’s

Timeline Tags: Global Economic Crises

After surveying 28,000 US companies on their future hiring plans, Manpower CEO Jeff Joerres reports that two-thirds of US employers will not change their staffing in the fourth quarter, thus dealing a blow to a consumer-led US economic recovery. Education and health services US employers are more positive about job prospects, while the remaining 11 employment sectors surveyed are more cautious in their plans to hire. The largest declines are in construction, leisure and hospitality, and professional and business services. The survey comes just a few days after the US jobless rate rose to a 26-year high in August to 9.7 percent, although job losses slowed. “Companies are still not going to be in hiring mode,” Joerres says. “They are in cautious mode.” According to Manpower’s international survey of 72,000 employers, previous quarter hiring expectations improved in 20 of 34 countries, although all 34 countries and territories report weaker hiring plans than a year ago. Employers in 15 countries and territories are cutting rather than adding jobs, but Asia and Europe are likely to be first to recover from the global recession. Job prospects in several Latin American countries improved. Prospects in most of Asia and Western Europe are stronger or more stable, although weaker in countries in Eastern Europe. As in the US, Mexico’s hiring plans are the weakest in the survey’s history, but optimism is higher in Canada, revealing better prospects in finance, construction, and real estate. The most optimistic employers in Asia are in India; future hiring looks improved in China, Hong Kong, and Singapore, while Japan’s fourth quarter employment view is flat. “Consumers in Asia and Europe had no need to curtail spending to the extent that Americans did,” says Joerres. “You look at major countries like the UK, Italy, France, Germany, Sweden, they’re all up. Their economies haven’t had the same hits. Other than Spain, you didn’t have a housing market as bad as this. Britain’s housing bust hurt the London area, but hiring plans are stronger in the Midlands.” Joerres cautions that because many economies still rely on exports, especially to the US, an Asian or European recovery could prove short-lived. “They can come out, but they can’t sustain the coming out until the US starts spending.” The US survey by Manpower, a global employment services company based in Milwaukee, is considered a leading indicator of labor trends. The company does business in 80 countries, generating most sales and earnings outside the United States, and conducts quarterly employer surveys. Its US survey dates back to 1962. [Reuters, 9/8/2009]

Entity Tags: Manpower Inc., Jeffrey Joerres

Timeline Tags: Global Economic Crises

In his first speech to the General Assembly at United Nations headquarters, President Obama says all nations bear responsibility for addressing the global problems of nuclear proliferation, war, climate change, and economic crises. “We must build new coalitions that bridge old divides,” Obama says. “All nations have rights and responsibilities—that’s the bargain that makes [the UN] work.” Obama acknowledges that high expectations accompanying his presidency are “not about me,” adding that when he took office at the beginning of the year: “Many around the world had come to view America with skepticism and mistrust. No world order which elevates one nation above others can succeed in tackling the world’s problems. Those who used to chastise America for acting alone in the world cannot now stand by and wait for America to solve the world’s problems alone.” Obama devotes a considerable portion of his speech to discussing the challenges inherent in finding a peaceful solution to settlements in the Middle East. He calls for the resumption of Israel-Palestine negotiations “without preconditions,” and also uses his speech to indicate that the US has returned to the global arena as a team player.
Warm but Restrained Reception - Although warmly received, applause appears slightly restrained, perhaps an indication that expectations for the Obama presidency are becoming more realistic, given the global problems with which most nations now struggle. UN Secretary General Ban Ki-moon opens the 64th Session’s proceedings by saying, “Now is the time to put ‘united’ back into the United Nations.”
Followed by Libyan Leader - Libya’s President Mu’ammar al-Qadhafi follows Obama and speaks for over an hour, vehemently criticizing the UN’s power structure as uneven, archaic, and unjust. From a copy of the preamble to the UN Charter, al-Qadhafi reads: “It says nations are equal whether they are small or big—are we equal in the permanent seats? No, we are not equal. Do we have the rights of the veto? All nations should have an equal footing. For those who have a permanent seat, this is political feudalism. It shouldn’t be called the Security Council; it should be called the Terror Council.” Despite reigning in Libya for over 40 years, this is al-Qadhafi’s first UN General Assembly speech. [BBC, 9/23/2009]

Entity Tags: Libya, Ban Ki-Moon, Mu’ammar al-Qadhafi, United Nations, United Nations Security Council, United States, Israel, Barack Obama

Timeline Tags: US International Relations

Deloitte publishes its Football Money League rankings for the 2008-2009 season, in which Real Madrid was the first European club to earn more than €400m. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€401.4m)
(2) FC Barcelona (€365.9m)
(3) Manchester United (€327.0m)
(4) Bayern Munich (€289.5m)
(5) Arsenal (€263.0m)
(6) Chelsea (€242.3m)
(7) Liverpool (€217.0m)
(8) Juventus (€203.2m)
(9) Internazionale (€196.5m)
(10) AC Milan (€196.5m)
(11) Hamburger SV (€146.7m)
(12) AS Roma (€146.4m)
(13) Olympique Lyonnais (€139.6m)
(14) Olympique de Marseille (€133.2m)
(15) Tottenham Hotspur (€132.7m)
(16) Schalke 04 (€124.5m)
(17) Werder Bremen (€114.7m)
(18) Borussia Dortmund (€103.5m)
(19) Manchester City (€102.2m)
(20) Newcastle United (€101.0m) [Deloitte, 3/2010 pdf file]

Entity Tags: Olympique de Marseille, Bayern Munich, Olympique Lyonnais, Roma, SV Werder Bremen, Tottenham Hotspur F.C., Newcastle United F.C., Ballspiel-Verein Borussia 1909 e. V. Dortmund, Arsenal F.C., Milan, Real Madrid Club de Fútbol, Manchester City F.C., FC Barcelona, Deloitte, Manchester United F.C., Fussball-Club Gelsenkirchen-Schalke 04, Chelsea F.C., Internazionale, Juventus, Liverpool F.C., Hamburg SV

Timeline Tags: Football Business and Politics

UEFA bans the Spanish football club Real Mallorca from European competition because it is not in compliance with its financial regulations. Mallorca has had a successful season and qualified for the Europa League, but went into administration in May (see (May 19, 2010)). Villareal is set to take Mallorca’s place in the competition if an appeal is unsuccessful. [Sport Business, 7/23/2010]

Entity Tags: Real Mallorca, Union of European Football Associations

Timeline Tags: Football Business and Politics

Real Mallorca appeals to the Union of European Football Associations (UEFA) to reverse a recent decision banning the club from next season’s Europa League. The club was banned from European competition (see (July 22, 2010)) because it is currently in administration and not in compliance with UEFA’s financial guidelines (see (May 19, 2010)). At the same time as the appeal, Mallorca issues a statement pointing out that the ban will make its financial situation worse, as it would deprive the club “of a series of revenue in different concepts, such as ticketing, sponsorship, and income from the competition.” It adds, “Ethically and legally, RCD Mallorca believes reason is on their side and [the club] will not relent in the effort to show that he has earned the right to challenge the Europa League.” [Goal, 7/26/2010]

Entity Tags: Real Mallorca, Union of European Football Associations

Timeline Tags: Football Business and Politics

UEFA upholds a decision banning Spanish football team Real Mallorca from European competition (see (May 19, 2010), (July 22, 2010), and July 26, 2010). “At its meeting on July 14, 2010, the club financial control panel unanimously concluded that the licence had not been correctly awarded to RCD Mallorca and that the club did not sufficiently fulfil its financial obligations,” says UEFA of the reason for the ban. Mallorca indicates that it will appeal to the Court of Arbitration for Sport. [AFP, 7/30/2010]

Entity Tags: Real Mallorca, Union of European Football Associations

Timeline Tags: Football Business and Politics

UEFA president Michel Platini returns to Turin to visit his old club Juventus and speaks of his love for it. “Juventus is always a great emotion,” says Platini. “I have to be neutral in the stadium though because it is a competition for all European clubs. On the outside it’s like this, but inside I have a different feeling.” He also speaks warmly of the club’s new president, Andrea Agnelli, nephew of former president Gianni Agnelli, saying, “Juventus fans dream of having success after problems, and it would not be the real Juventus without Agnelli.” [Goal, 11/5/2010]

Entity Tags: Andrea Agnelli, Michel Platini, Juventus

Timeline Tags: Football Business and Politics

British journalist Charles Sale says that UEFA president and FIFA executive committee member Michel Platini voted for Holland/Belgium in the first round of voting for the 2018 World Cup hosts (see Around 2:00 p.m. December 2, 2010). He adds that Platini voted for Russia in the second round. [Daily Mail, 12/4/2010] It is unclear how Sale could know this, as the vote is secret. However, the details of the vote indicate that two or three voters switched from Holland/Belgium in the first round to Russia in the second. [BBC, 12/2/2010]

Entity Tags: International Federation of Association Football, Charles Sale, Michel Platini

Timeline Tags: Football Business and Politics

Deloitte publishes its Football Money League rankings for the 2009-2010 season, in which the top 10 clubs are exactly the same, although in a slightly different order, as they were the previous year (see March 2010). The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€438.6m)
(2) FC Barcelona (€398.1m)
(3) Manchester United (€349.8m)
(4) Bayern Munich (€323.0m)
(5) Arsenal (€274.1m)
(6) Chelsea (€255.9m)
(7) AC Milan (€235.8m)
(8) Liverpool (€225.3m)
(9) Internazionale (€224.8m)
(10) Juventus (€205.0m)
(11) Manchester City (€152.8m)
(12) Tottenham Hotspur (€146.3m)
(13) Hamburger SV (€146.2m)
(14) Olympique Lyonnais (€146.1m)
(15) Olympique de Marseille (€141.1m)
(16) Schalke 04 (€139.8m)
(17) Atletico Madrid (€124.5m)
(18) AS Roma (€122.7m)
(18) Vfb Stuttgart (€114.8m)
(20) Aston Villa (€109.4m) [Deloitte, 2/2011 pdf file]

Entity Tags: Olympique de Marseille, Bayern Munich, Olympique Lyonnais, Roma, Tottenham Hotspur F.C., VfB Stuttgart, Milan, Aston Villa, Arsenal F.C., Manchester United F.C., Real Madrid Club de Fútbol, Liverpool F.C., Deloitte, Club Atlético de Madrid, S.A.D., Manchester City F.C., FC Barcelona, Chelsea F.C., Hamburg SV, Internazionale, Juventus, Fussball-Club Gelsenkirchen-Schalke 04

Timeline Tags: Football Business and Politics

UEFA director of competitions Giorgio Marchetti thinks Champions League final tickets are not overpriced.UEFA director of competitions Giorgio Marchetti thinks Champions League final tickets are not overpriced. [Source: Getty Images] (click image to enlarge)UEFA announces the prices for the 2011 Champions League final, to be held in May at Wembley Stadium in London. Tickets will go on sale at £300, £225, £150, and £80, plus a £26 charge described as an “administration fee.” This represents a substantial increase over previous years. For example, just two years ago the £150 category three tickets cost only £80. The Champions League final was recently moved to Saturday, allegedly so that more children could attend (see November 30, 2007). However, only 500 discounted tickets are made available to children; they cost £113, have to be purchased with an adult ticket costing £225, and also incur the “administration fee,” giving a total cost of £364.
UEFA Justification - UEFA’s director of competitions Giorgio Marchetti insists the prices are based on the market rate and compare with those for the World Cup final. “The prices are based on the type of event and when you compare it to other events we don’t think that the Champions League final is overpriced,” he says. “This is the market price. Do you think we would have trouble filling Wembley if the prices were higher? Do you think it would be different? We try to strike a balance between the interest of supporters and the interest of the event. Why should we price the tickets lower than what we think is a fair level?”
'A Pretty Disgusting Cake' - However, the prices meet with disapproval from the media and fans. “These prices are absolutely outrageous and take ticket pricing to an absurdly stratospheric new level,” says Malcolm Clarke, chairman of the Football Supporters Federation. “In a difficult economic climate, not only in this country but across Europe, where supporters may be coming from, this represents disgraceful exploitation of fans.” He adds: “To ask fans to fork out between £150 and £300 for a single match ticket is outrageous and strikes as profiteering at the supporters’ expense. That’s before we even get started on the £26 administration fee which is the cherry on top of a pretty disgusting cake. UEFA should be ashamed of themselves and there is no way of justifying such a high fee. It is totally unacceptable whatever country the supporters are from but it will be particularly harsh on fans coming from abroad who have to add travel costs.” [Guardian, 2/18/2011]

Entity Tags: Union of European Football Associations, Football Supporters Federation, Giorgio Marchetti, Malclom Clarke

Timeline Tags: Football Business and Politics

Mohammed bin Hammam, the Qatari head of the Asian Football Confederation, pulls out of the race to become president of FIFA. His withdrawal means that the incumbent, Sepp Blatter, is unopposed in the election. Both bin Hammam and Blatter face corruption charges and are due to attend an ethics committee meeting today to answer allegations about their alleged involvement in bribery, ahead of the presidential vote in three days’ time. “It saddens me that standing up for the causes that I believed in has come at a great price—the degradation of FIFA’s reputation. This is not what I had in mind for FIFA and this is unacceptable,” says bin Hammam. “I cannot allow the game that I loved to be dragged more and more in the mud because of competition between two individuals. The game itself and the people who love it around the world must come first. It is for this reason that I announce my withdrawal from the presidential election.” [Guardian, 5/28/2011]

Entity Tags: International Federation of Association Football, Mohamed bin Hammam

Timeline Tags: Football Business and Politics

FIFA president Sepp Blatter makes some controversial comments about racism in response to a question asked by CNN World Sport. “I would deny it. There is no racism,” says Blatter. “There is maybe one of the players towards another—he has a word or a gesture which is not the correct one. But the one who is affected by that, he should say: ‘This is a game. We are in a game, and at the end of the game, we shake hands.’ And this can happen, because we have worked so hard against racism and discrimination.” [BBC, 11/16/2011] Blatter will soon issue an apology for the comments (see November 16, 2011).

Entity Tags: International Federation of Association Football, Joseph S. Blatter

Timeline Tags: Football Business and Politics

FIFA president Sepp Blatter issues a clarification of remarks he made earlier in the day about racism in football; in an interview with CNN he had appeared to suggest that a player who was the target of racist abuse from an opponent should shake the opponent’s hand after the game and forget about it (see November 16, 2011). “My comments have been misunderstood,” says Blatter in a FIFA press release. “What I wanted to express is that, as football players, during a match, you have ‘battles’ with your opponents, and sometimes things are done which are wrong. But, normally, at the end of the match, you apologise to your opponent if you had a confrontation during the match, you shake hands, and when the game is over, it is over. Anyone who has played a football match, or a match in any sport, knows that this is the case. Having said that, I want to stress again that I do not want to diminish the dimension of the problem of racism in society and in sport. I am committed to fighting this plague and kicking it out of football.” [FIFA, 11/16/2011]

Entity Tags: International Federation of Association Football, Joseph S. Blatter

Timeline Tags: Football Business and Politics

Deloitte publishes its annual rankings of the richest clubs in European football. There is little change to the top 10, and the top seven clubs are in exactly the same positions as they were last year (see February 2011). The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€479.5m)
(2) FC Barcelona (€450.7m)
(3) Manchester United (€367m)
(4) Bayern Munich (€321.4m)
(5) Arsenal (€251.1m)
(6) Chelsea (€249.8m)
(7) AC Milan (€235.1m)
(8) Internazionale (€211.4m)
(9) Liverpool (€203.3m)
(10) Schalke 04 (€202.4m)
(11) Tottenham Hotspur (€181m)
(12) Manchester City (€169.6m)
(13) Juventus (€153.9m)
(14) Olympique de Marseille (€150.4m)
(15) AS Roma (€143.5m)
(16) Borussia Dortmund (€138.5m)
(17) Olympique Lyonnais (€132.8m)
(18) Hamburger SV (€128.8m)
(19) Valencia (€116.8)
(20) Napoli (€114.9). [Deloitte, 2/2012; Press Association (London), 2/9/2012]

Entity Tags: Bayern Munich, Olympique de Marseille, Real Madrid Club de Fútbol, Roma, Società Sportiva Calcio Napoli S.p.A., Tottenham Hotspur F.C., Olympique Lyonnais, Ballspiel-Verein Borussia 1909 e. V. Dortmund, Arsenal F.C., Milan, Valencia, Manchester City F.C., Chelsea F.C., Manchester United F.C., Deloitte, Fussball-Club Gelsenkirchen-Schalke 04, FC Barcelona, Juventus, Hamburg SV, Liverpool F.C., Internazionale

Timeline Tags: Football Business and Politics

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