The threat of recession squared by Espanyol

first_imgRestless about the positive cases of COVID-19 within the workforce, Espanyol has several open fronts in the offices. The first one goes through a eventual decline, which would drastically reduce revenue for the upcoming season. The second, for a also cut the expected inflow of money in case LaLiga does not resume. And to top it off, even if it only affects tangentially, Rastar Group shares plummet.If finally the remaining 11 days of this season are not disputed, more than a quarter of the competition, it is calculated in Espanyol that 25 to 30 percent of expected revenue could be lost. Given that the club had budgeted to receive 64.27 million for television rights and 14.77 in the section of advertising, tickets, subscriptions and commercial, they would stop entering around 20 million in that assumption. A greater detail just in the season in which Espanyol has made the biggest waste in its history in transfers, with an investment of 59 million euros (although in summer, the income of 40.5 was assured), and in which it has also assumed a record cost in the workforce, with 80 million destined to wages.20 percent less so far in 2020To all this is added glancing Rastar Group’s crash on the Shenzhen Stock Exchange, China, the business conglomerate that owns the club’s property. The value of the shares has fallen by 20 percent so far only in 2020, with a single ephemeral promotion on January 7, after the goal of Wu Lei at Espanyol-Barcelona.And the collapse cannot be attributed to the economic effects of the Covid-19 since the parquet in that period does not register losses. In fact, In the last 365 days, while Rastar’s price has dropped a sharp 35.34 percent, Shenzhen has even risen, specifically a timid 0.79 percent.And to top it off, At the close of the session last Wednesday, Rastar shares were trading at 4.03 yuan renminbi, which is their lowest value since they fell to 3.83 on February 22, 2019.. Something that the club should not accuse in the short term, but the pocket of its president, Chen Yansheng, who, after all, as it is said in popular slang, is the one who pays for the party.last_img read more

Go back to the enewsletter This April historic f

first_imgGo back to the e-newsletterThis April, historic farmstead hotel, winery and spa São Lourenço do Barrocal will introduce a wild and wonderful new program of creative and immersive nature-based experiences for children, alongside the opening of a brand new children’s pool.Set amid the grasslands of Portugal’s raw and unspoilt Alentejo region, the hotel and estate is working with local archaeologist Manuel Calado to develop a series of new family experiences inspired by the estate’s natural surroundings and fascinating megalithic heritage.Artistic little ones will explore their creativity in a wild art class, inspired by the Stone Age relics scattered throughout the region. They will explore the estate to collect natural objects, creating unique artworks using stones, sticks, feathers and wool alongside mineral and vegetable dyes.Sculptors-in-waiting will join Calado in digging for natural clay soils and pigments, which will be used to create replicas of the prehistoric pottery offerings found within the estate’s ancient stone dolmens, or megalithic tombs.Aspiring young chefs can join Calado on a feasting and foraging tour of the estate. They will find out how to use the seasonal abundance of healthy nuts, flowers, fruits and edible fungi to make salads, teas and sweet treats, and learn about the diets and cookery techniques of the region’s prehistoric communities.Competitive kids can enjoy a range of sporting challenges in the wild, learning how to craft their own prehistoric bow and arrow, propellant and assegai before competing in a tournament to prove their sporting prowess.Following an exciting day of activities in the wild, youngsters can splash about in the brand new children’s’ pool, set to open in May 2018. Situated in the heart of the estate, away from the hotel’s peaceful main pool, the 15m children’s pool will offer a family-friendly spot to cool down the summer heat.All families visiting São Lourenço do Barrocal will have the opportunity to take home a Barrocal Bird — a handmade and illustrated textile thrush bird, inspired by the resident flocks and designed by awarded Portuguese printmaker Sofia Morais — as a permanent reminder of their family break in nature.Beyond these new activities, São Lourenço do Barrocal offers a plethora of countryside experiences to keep even the most active of families entertained. Guests can set out on the estate’s sweet-natured Lusitano horses for guided explorations of the estate, with lead rein-wanderings and carriage rides available for little ones. Foodie types can indulge in family bakery classes within the pastry kitchen, learning how to bake Alentejo regional bread, cakes and biscuits; before relaxing in the shade of a gnarled holm oak tree to enjoy the spoils of their endeavours. Treasure hunts through the estate can be arranged for intrepid families, while the estate’s large playroom offers a quiet spot for children to play, with a make-believe kitchen, games, books and movies, plus childcare available on demand.Away from the estate, families can enjoy private boat trips to the countless secluded coves and islands of the vast Alqueva Lake, just 10 kilometres away, with the option of continuing their aquatic explorations on paddleboards, canoes, water-skis and wakeboards.Go back to the e-newsletterlast_img read more