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Month: April 2020

Athletes and Social responsibility in the time of the COVID-19 pandemic crisis

Athletes and Social responsibility in the time of the COVID-19 pandemic crisis

By Andreas Themistocleous, APC Sports Consulting Ltd I saw a very cool picture, about a week ago, on my social media feed from soccer star Neymar, playing beach soccer with his friends on a private location by the sea in Brazil, telling the world how much fun it is to be back home and how his time is being usefully utilized during his social distancing, due to the pandemic of COVID-19. What social distancing? People are dying, others are losing…

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Covid-19, Financial Liquidity and Creating a new Short-term Financial Plan

Covid-19, Financial Liquidity and Creating a new Short-term Financial Plan

By Constantinos Massonos, Contributor The Coronavirus pandemic beyond being a threat against human lives, it is considered the biggest disaster to hit the sports world in many decades; it is not only causing the suspension of already running competitions such as the NBA and the majority of Europe’s soccer leagues but also causing future competitions to be postponed such as the Tokyo 2020 Olympic Games, Euro 2020 championships and Copa América. Experts believe that it’s too early to calculate the…

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Student Athletes and COVID 19: This is not the last dance…

Student Athletes and COVID 19: This is not the last dance…

By Andreas Themistocleous, APC Sports Consulting Ltd In the summer leading to the start of the 1997-98 NBA season, the Bulls front office had taken a decision to rebuild the team, after having won two consecutive titles. Pressure from the team’s superstars and the media forced a one-year suspension of that decision and then coach Phil Jackson dubbed that year “The Last Dance”. Perhaps you know the outcome already, but still it will be a great documentary to watch on…

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Coronavirus Impact on Athletes: Protecting your finances and exploring new opportunities

Coronavirus Impact on Athletes: Protecting your finances and exploring new opportunities

By Demetris Constantinou, Contributor It is no secret that we’re currently experiencing one of the most turbulent and volatile periods in the history of financial markets. During such times, it’s in every individual’s best interest to survive through the crisis and if possible, emerge stronger through the exploration of various opportunities. Unfortunately, things are more pressuring for athletes, given the short lifespan of their careers and the high level of financial dependence they have on their investments. To put things…

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The Coronavirus effect on Sport: Suspension of play and athlete contractual issues

The Coronavirus effect on Sport: Suspension of play and athlete contractual issues

By Andreas Themistocleous, APC Sports Consulting Ltd At every hard stroke of fate, like the 9-11 attack or the 2008 financial crisis, sport competition (college and professional) has served as our depressurizing outlet and our turn-to pillar of support; unfortunately, not this time. The corona virus pandemic has caught the globe by surprise, let alone the sport industry and has caused unprecedented disruption, the likes of which has not been experienced since World War II. Despite the fact that people’s…

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The Coronavirus Effect on the Financial Health of Athletes

The Coronavirus Effect on the Financial Health of Athletes

April 1, 2020 The coronavirus pandemic has swept the whole world, sport included.  We are all in a state of shock, unable to really comprehend what is going on, unable to do much but try to keep safe within the boundaries of our homes and just wait for the storm to go away. The sports industry has been severely affected by the coronavirus with a devastating ripple effect on sports clubs, athletes, sponsors, television networks, employees of sports with. One…

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