Word: dealing
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Dates: during 2000-2009
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Dazzling moves, ambitious targets and intense pressure - it must be off-season in European soccer. English Premier League champions Manchester United announced today that it accepted a $132 million offer from Real Madrid for fleet-footed winger Cristiano Ronaldo. The deal, which United expects to tie up before the end of the month, would smash a world transfer record set earlier this week when the same Spanish club lavished $92 million on AC Milan's midfield megastar...
...powerful brand and unrivaled commercial skills. Owned by 80,000 of its supporters, it's the richest soccer club in the world, with revenues of more than $500 million for the 2007-08 season, double the level of seven years ago. Free to negotiate its own broadcast-rights deal - top teams in England or Germany, say, must sell TV rights collectively - Madrid is halfway through a $1.4 billion, seven-year contract with broadcaster Mediapro. (See the 100 best TV shows of all time...
...Locking in long-term revenue is typical in the sports business and crucial to spending during a downturn. Besides the broadcast deal, by far the world's biggest with a single sports club, Madrid has another season left in its three-year shirt-sponsorship contract with online betting company bwin, and kit sponsor Adidas is signed up until 2012. Although commercial revenue dipped as a share of Madrid's takings in 2007-08 - the departure of Englishman David Beckham, who helped increase merchandise profits 137% during his four years with the club, had a lot to do with that...
...Public Plan. Yes, the House version has a government-run option, which Democrats say would be crucial to holding down costs and to provide competition that would, in President Barack Obama's words, "keep insurance companies honest," but which Republicans say would be a deal-breaker. Still, the House model appears to be far weaker than one described in early drafts of the HELP Committee's legislation. If those early drafts are any indication, the HELP version would look a lot like Medicare, with the rates that it reimburses hospitals, doctors and other health-care providers linked to those paid...
...Some observers wondered whether money, and not morality, might be motivating the government, which for years has tried to support the growth of China's indigenous software industry. A prominent blogger who calls himself Imagethief wrote that he "detects the whiff of a sweetheart deal. Certainly the company that produced the software, Jinhui Computer System Engineering Company, will cash a nice check from the government, which will apparently underwrite the inclusion of the program." Jinhui Computer System Engineering, a private company based in Henan Province, currently offers the Green Dam Youth Escort software to the public as a free download...