Foot Business: OL ahead of Bordeaux

Budgets

Lyon is making the race lead with a budget of 192 million euros (2008-2009), whose 68 million generated by TV rights and 22.4 million by the ticket booth. The club Rhone-Alps with OM is the only French club now in the TOP 20 training richest in the world, published annually by Deloitte.

For its part, Bordeaux and its 100 million euro budget for 2010 could soon make its entry into the elite of European football, but it is far behind the giants Real Madrid, Manchester United, Barcelona or Chelsea. Again it is the TV rights which constitute the main income of the club (60%).As for ticketing revenue, they are directly impacted by the size of the Stade Chaban-Delmas and do not exceed 11 million euros.

Partnerships

It's July 1 comes into force the new sponsorship agreement between the club Jean-Michel Aulas and equipment supplier Adidas.Concluded for 5 years he would turn around 80 to 100 million euros over the period and should allow the team to move up a gear in terms of merchandising: Jean-Michel Aulas expects an annual pace of 500,000 jerseys sold (He would then par with the OM, also under contract with Adidas, and sold 450,000 jerseys, but a little behind Bordeaux and its 100,000 coats supplied by Puma).

While partnerships in 2008-2009 accounted for some 21 million euros and derivatives nearly 28 million, the club Lyon announced the imminent signing of three major sponsors, including the site of paris online Betclic which can not be displayed on the OL given the French legislation on online gaming – and a French institution that would make its entry in football.Near Bordeaux, the club saw its eleventh year in the bosom of "the little chain that goes," M6, which since 1999 provides managerial stability and sound financial management faxless pay day loans.

Wages

Despite their good results at continental or Lyon or Bordeaux will have the means to recruit elements of the first rank, those whose annual earnings exceed 10 million euros. As an indication, the highest paid player in Ligue 1, Lyon Lisandro Lopez, receives nearly 425,000 euros per month. Before him, another lyonnais, Karim Benzema, who left last summer to Real Madrid, who led the dance with 400,000 euros. This season, Lisandro is followed by Bordeaux, Yoan Gourcuff, which exceeds 300 000.Lisandro and Gourcuff, both players are also records for transfer to their respective clubs: 24 million euros for the first 13.5 million for the second. Side coach advantage in Lyon and Claude Puel, which would come to 230 000 euros.

Stadiums

This is the major project of Jean-Michel Aulas for years to come: give his club a major speaker to succeed the venerable Stade Gerland. The new stadium with a capacity of approximately 62 000 places (cons 40 000 currently), has announced a long time, but all administrative barriers are not removed. In the best case, it would open its doors in 2013. In economic terms, with more than 6 000 seats available in the VIP cons less than 2,000 today – the gain is considerable. Besides this arena is expected to be the epicenter of a vast complex dedicated to business and leisure.In Bordeaux, the City Council passed earlier this year the principle of building a new stadium, budgeted at between 160 and 200 million euros, with over 40,000 seats in the key. A deadline was set: the European Championship of Nations in 2016, that France would welcome them.

The CAC 40 grip the 4,000 points

While the CAC 40 is left below the 4,000 points on Friday night at closing, and the Asian market is changing globally in green (except the Nikkei) – but basically for local reasons – the Paris Bourse continued its hesitation . Especially since now, Friday night, Wall Street has ended without direction.

While Greece is saved, but the helm of the 4,000 technical points should be saved without being highly outdated. For the situation in Europe is not rosy either. The Portuguese and Irish records on the deficits are in the pipeline.

At the opening, the CAC 40 rose slightly, from 0.33% to 4002.13 points.

On Monday, the news is rather poor.In France, the publication will be more interesting day tomorrow, Tuesday: INSEE unveil quarterly national accounts in detail for the fourth quarter of 2009.

In the euro zone on Monday, the index of economic confidence in March will be released in 11 hours. In Brussels, will meet on Monday the European Ministers of Agriculture and Fisheries. Last week, President Nicolas Sarkozy was willing to "a crisis in Europe" saver for the Common Agricultural Policy (CAP).

In the U.S., investors expect the revenue and expenditure of households for the month of March at 14.30. Tomorrow, they watch the housing prices Case & Shiller, and consumer confidence in March.

The energy for

The dismissal of former chief investment officer of TCW, the U.S. subsidiary to 100% of Societe Generale (0.81%, to 47.5 euros), caused a stir in the United States.The bank believes that this case has "a very marginal impact" to its shareholders payday loans for bad credit .

The fifteenth penal court of Nanterre Friday acquitted the former CEO of Vinci (+0.29% to 43.6 euros), Antoine Zacharias. Prosecutors, who had claimed two years suspended sentence and a fine of 375,000 euros, has appealed the ruling. His annual pension of 2.1 million, his early departure of 12.5 million and earnings of 4.2 million euros in 2005 are therefore assumed to septuagenarian.

Side energy, France is currently working on establishing a consortium of companies responsible for developing a vast network of power lines under the Mediterranean Sea, to deliver solar electricity produced in Africa to Europe.

This project, called Transgreen, bring together suppliers of electricity, electricity grid managers and manufacturers of high voltage equipment under the umbrella of EDF (0.72%, to 39.3 euros), confirming information daily special Enerpresse.

Furthermore, the organization of international environmental advocacy group Greenpeace accused Areva of endangering the health of residents of uranium mines it operates in northern Niger, in a report published Monday.

Finally, according to Les Echos on Monday, Total (at equilibrium in the early exchanges) is currently selling the Lindsey refinery in England in the northeast. "The first offers are expected in the coming days," reads the columns in the business daily.According to el Sunday Times published Sunday, Gazprom or Valero Essar would instantly.

Later results, Korian, Trigano and RATP unveil their accounts.

Bollor? shows a strong increase in its net profit in 2009

The Bollor? Group has published a net income of the group stood at 94 million euros, against 50 million in 2008 (88%), under the year 2009 on the basis of a consolidated turnover down 17% to 6.011 billion euros. A decline that the group attributes to "the decline in oil prices in the energy distribution and the decrease in volumes and freight rates in the transport and logistics business.

The company services transport and logistics explains the increase in its net profit in part by that of its operating profit by 21% to 174 million euros and also by increased participation in the net associates at 72 million euros in 2009 against 125 million euros in 2008 no fax cash advance .The group said in a statement that these 72 million euros, 65 million from investments in the media sector (Havas, Aegis, Euromedia Group).

Bollor? submit in June for approval to the next General Assembly of shareholders a dividend of 1.30 euro (18%).

Havas, which Bollore is the largest shareholder, issued last Tuesday, down more than 11% of its net profit to 92 million euros and 8.1% of its turnover of 1.44 billion 'euros.

The former CEO of Vinci justify his salary

Prosecuted for abuse of social good, Antoine Zacharias came to explain Thursday morning in court. His trial was held today and tomorrow before the fifteenth penal court of Nanterre. Specifically, it accuses the former CEO of Vinci have intrigued to receive a disproportionate amount. 12.5 million severance bonus when he left the company in June 2006, over two million annual pension from a salary of 3.3 million in 2004 and stock options with a greater potential value of 124 million.

To penetrate this mystery to date, the judges were interested in changing the membership of the Compensation Committee of Vinci in May 2004. Indeed, it is this committee that changed the method of calculating the salary of the big boss."It was good to renew the committee because some members like Alain Minc were benefits to Vinci, which deprived them of a form of independence," said Antoine Zacharias fast cash !!!???!!!??? !. A demonstration unassailable except that Zacharias had still left Alain Minc continue to serve on the board of the world leader in construction as the conflict of interest was the same.

Another element that is the problem, the consulting firm Towers Perrin had been consulted by the compensation committee on whether to remove ceilings on wages of Zacharias. He said it was negative, citing "inflation risks." But his advice was not followed or even communicated to the Board of Directors has decided to enforce rules that made Zacharias the highest paid boss of France.

"China underestimated its trade surplus

Lefigaro.fr / jdf.com Do you think China can show a trade deficit in March, as Beijing has warned?

Antoine Brunet regard to China, everything is possible! There are thus two sources to monitor developments in foreign trade of China: Beijing publishes official figures very soon, the International Monetary Fund (IMF) released later the algebraic sum of trade between China and each of its trading partners. In general, the external surplus established by the IMF is almost twice higher than that displayed by Beijing.

China over time, underestimate the reality of its surplus. For example, the government does not include exports of Chinese subsidiaries of foreign groups, which is not justified economically. This largely explains the discrepancy with the IMF data.

Why China would try to hide it a part of its trade surpluses?

This strategy is an integral part of Chinese diplomacy to delay the possible revaluation of the yuan. Plus his "score" is impressive, the more the world takes umbrage, and China shows a healthy insolent foreign trade, the more she exposes herself to scolding of its trading partners. Countries suffering from sluggish growth, combined with a deficit due to China, very legitimately claim a revaluation of the yuan.

Do you, as some analysts that Beijing let the yuan rise by around 4 to 8% in the coming months?

Recent Chinese statements are not encouraging and should be completed in arm wrestling. The Chinese government has the support of the people and businesses.They know that the prosperity of China is largely due to the undervaluation of the yuan.

Beijing also likes to test the true responsiveness of Westerners. China will probably go to the balance of power. How will this happen? It will withstand international pressure calling for a higher yuan. Only if the U.S. put in place tariffs of around 40% on Chinese goods that China will negotiate an appreciation of the yuan.

China Has no interest in lowering the yuan?

Some Western commentators are their wishful thinking and believe that Beijing revalue the yuan to fight against inflation and speculative bubbles. But China did not need this tool.To reduce inflation it suffered through the commodity denominated in dollars, China supports the current rise in the price of the greenback against the euro. It pretty much control the evolution of the Shanghai Composite Index through exchange controls that isolates the Chinese market from the rest of the world. Finally, it relies on direct supervision of mortgage lending to limit the rise in house prices.

The CAC 40 is expected to decrease

The Paris stock exchange should follow the trend of sluggish markets. In the absence of major economic indicators, investors took profits on Wall Street Friday night. The Dow Jones dropped to 0.35% to close 10,741.98 points. The markets have been particularly burdened by the sectors related to raw materials.

This morning, Asian stock markets are marking time (The Nikkei in Tokyo was closed for holiday). And Friday, European markets finished down slightly after a meeting mainly dominated by technical operations and by tensions within Europe on the Greek crisis.The CAC 40.

The indices on future CAC 40 due April 2010 predict an opening Monday to drop from 0.41% to 3912 points.

No major statistical, neither France nor in Europe nor the United States is expected on Monday.

Thales wins major contract

New twist in the case of tankers. While Europeans appear again on the trail of the contract to U.S. $ 35 billion, with EADS, the Russian company United Aircraft Corp. of Russia (UAC) is expected to announce formally on Monday they joined via a joint venture to an American company to bid.

The subsidiary of Thales, Thales Alenia Space, has been selected by ESA for the manufacture of next generation satellites.The contract, which escapes from EADS Astrium, is estimated at over one billion euros.

Renault and Daimler are tempted to ally payday advance . The two groups are negotiating a cooperation on small voitures.Des exchange holdings are mentioned but unlikely in the immediate future.

Also on the front car, many groups are interested in buying the participation of 20.7% of Renault in Volvo, said Director General of Swedish manufacturer of heavy trucks in an interview to a German newspaper.

Coup of Sanofi

According to La Tribune, heart medicine, the Multaq, Sanofi-Aventis could never be sold. A big blow for the French pharmaceutical group. Moreover, the reform of American health care system was adopted yesterday.The whole sector will remain under observation on Monday in exchange.

The operator Bouygues Telecom will launch in early April a mobile phone specifically designed for seniors, a market that is proving increasingly buoyant and which are already present SFR and Orange (France Telecom) since September, said the specialized manufacturer Doro.

The Elysee Palace has denied reports that Yazid Sabeg, the current commissioner of diversity and equal opportunities, was chosen to succeed Anne Lauvergeon head of Areva.

Analysts said the leadership of France Telecom has the qualities needed to improve its social atmosphere without damaging its financial targets. Social criteria will be considered for the award of bonuses.

A follow today Eurazeo, Seloger.com Transgene and will publish their annual results.

The Signal Tower by Jean Nouvel abandoned

Model of the signal tower. Without investors, the architect agreed not to build this skyscraper of 301 meters and 100 floors near instant payday loan . Photo credits: AFP

The little French industry bad investment

The major French industrial firms they are partly responsible for the loss of competitiveness of French PMI meet their German competitors? The issue will arise next week at the show in Villepinte Industry.

"The major buyers French do not play the card of their industrial sector, which blocks the investment process, denouncing Vincent Schramm, CEO of Union business of technology and production (Symop). The organization of work in production chain, inducing greater solidarity between large corporations and their suppliers is a major theme of the General Industry. "To minimize production costs, the major buyers struggling to lower their purchase price and to encourage the relocation.They do not take into account the costs, like transportation, non-quality costs of monitoring … "adds Didier Bouvet, Director of Industry area in Bucci, a manufacturer of industrial robots. Instead, the big German companies to ensure their subcontractors markets for several years, re-creating a virtuous circle of local industrial production.

"In France, a supplier may lose its biggest customer overnight, without notice, regardless of financial risk taking. How an employer can invest calmly in such conditions without exposure to medium term? "Asks Didier Bouvet. However, the automation is a key to competitiveness that can withstand competition from Asia. "The owners of PMI are often reluctant to robotize to preserve employment.In the long term it's a miscalculation, "said Vincent Schramm.

Robots: the late French

A study conducted for the Directorate General of competitiveness, industry and services (DGCIS) and Symop highlights the backwardness of French companies in the field of robotics. They are six times less robotic than their German and two to three times less than the Italian.

Park French industrial robots is between 17 and 18 years on average as against 10 in Germany, which further increases the competitiveness gap. However, since 1990 the price of a robot has fallen from 80% to 50 000 in average (130 000 taking into account all installation costs). In addition, 63% of robots are used by the principals of the automobile. Only one third of the 34 500 robots used in France are by companies with fewer than 1 000 employees.

Moreover, "the French PMI can still make many gains in productivity, argues Didier Bouvet. For example, the establishment of a production line and not through workshops can achieve significant gains. "Payroll taxes, nearly two times higher in France than in Germany (42.2% against 23 , 20%) are far from the only explanation for differences in industrial performance between the two countries.

Atos considering a major acquisition of the Channel

A year after his arrival at the head of Atos Origin, Thierry Breton is considering a huge blow. According to several sources, the computer services company is studying the possible French takeover of RBS WorldPay, a giant global means of payment for sale by its owner, Royal Bank of Scotland. The British bank, quasi-nationalized, is forced by Brussels to give a few nuggets for the price of his support.

While an indicative tender submission is expected April 7, Atos mandated, according to our information, investment banks Morgan Stanley and BNP Paribas. This is a major operation that would transform the profile of Atos Origin: RBS WorldPay would, according to some estimates, nearly 2 billion to 2.5 billion euros, when the French weighs 2.6 billion euros Stock Exchange. But such an acquisition would allow it to lead the world in a particularly lucrative.Note, also, Atos and RBS WorldPay is familiar with and have discussed in past agreements outsourcing.

Thierry Breton has declined comment. It merely recall the three criteria based on which Atos generally to measure interest in a possible acquisition: "We study asset quality. We wonder what synergies can be achieved and if we have the financial capacity to carry out the operation. "Applying the grid reading of the former Minister of Economy, the first two requirements seem satisfied. Atos Origin is already a major European player in the business of electronic payments make quick cash .His division Atos Worldline is highlighted by managers as a key growth engines of the group.

Attractive margins

Last February, Thierry Breton had also said that the goal was to double the turnover of this activity by 2013! The reason is simple: the business of electronic transactions liberates operating margin of nearly 15%, whereas it was only 5.7% for the whole group in 2009.

There remains the question of price. Although SSII has restructured its cash and reduced its debt to 139 million euros in 2009, the UK seems like a big piece to swallow. Especially since the competition will be fierce.RBS has already boasted of a long list of candidates interested in this tender orchestrated by the Swiss investment bank UBS is spoken at this stage of forty contenders! The sale of RBS WorldPay promises to attract, in particular the ban and arriere ban of the investment fund KKR to Apax Partners, attracted by the good visibility of cash flow activity. However, unlike financial investors, Atos account synergies consistent with its existing business and, therefore, may potentially justify a higher price.

But before that happened, Thierry Breton will convince its board of directors and, especially, the fund PAI, its principal shareholder. With 23% stake in Atos, investors led by Lionel Zinsou has the ability to block the project. Or help. Good news at least for Atos, the financing market has reopened.

Signs: the tax upset traders

Soft Focus. The establishment of local tax on outdoor advertising (TLPE), established under the Act to modernize the economy in August 2008 and came into force on 1 January 2009, aroused much debate. So much so that the Trade of France (CCF), which comprises almost 40 federations of trade, asked in a statement this week, a "moratorium" on this new tax.

A text is not clear

According to CCF, the statute establishing the TLPE been "too many errors of interpretation" from the common guaranteed fast personal loans ."A dialogue must be initiated between the government and businesses to stop the abuses and excesses observed." Among the absurd situations, the RTC said that some cities are taxing the opening hours displayed on the front door of stores or the sign indicating the price of gas stations, but a legal obligation.

According to CCF, the signs indicating the prices of petrol stations are subject to TLPE. Photo credits: Le Figaro