How is coronavirus affecting the Sports Industry all major events are being counseled all postponed as the pandemic takes its toll worldwide a multibillion dollar business is now at stake so can sport survive the break this is inside story. Hello and welcome to the program im peter told me it is a very very lucrative business and almost recession proof but sport is being dealt a financial blow by the coronavirus major events have been canceled or postponed for the 1st time in many years from the Tokyo Olympic games to football matches fields arenas and stadiums will be empty for a long time to come athletes organizations and thousands of people who work at the sporting venues all affected revenue from broadcasting deals sponsorship contracts and match tickets theyre all drawing up the Business Model for many sports is under threat and has to adapt to measures to counter covert 19 but some sporting events are going ahead the bundesliga season could resume in germany this month and the n
Hard on the sector for years but to no avail this year its not showing up yet another round of losses for the 4th time in 5 years the restructuring measures announced on sunday are aimed at freeing up the remaining divisions of the bank its turning its back on its ailing International Business and focusing on the domestic market. Weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet having costs under control now we want to take the next step and thats to align the bank with its strengths and thats what we are pleased to announce today that the. Bank was devastated by the Global Financial crisis and the share price is yet to recover. Legal disputes compounded delicious problems the bank was forced to pay billions in fines for russian Money Laundering breach of sanctions against iran and syria and for its role in the subprime mortgage scandal weary after years of uncertainty someone best received this radical reboot as an oppor
Other operations significantly. Investment bankers were the 1st to go entire teams were given the sack on monday from sydney to london. And could concentrate hard in the sector for years but to no avail this year its not showing up yet another round of losses for the 4th time in 5 years the restructuring measures announced on sunday are aimed at freeing up the remaining divisions of the bank its turning its back on its ailing International Business and focusing on the domestic market. Weve been planning for quite some time that after achieving stabilisation last year cleaning up the Balance Sheet having costs under control now we want to take the next step and thats to align the bank with its strengths and thats what were pleased to announce today that the. Bank was devastated by the Global Financial crisis and the share price is yet to recover. Legal disputes compounded delicious problems the bank was forced to pay billions in fines for russian Money Laundering breach of sanctions aga
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