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Premier League clubs lost £600 million in season before virus, says report

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Premier League clubs made a combined loss of £600 million in the 2018/19 season, even before suffering the financial pain of the coronavirus pandemic, a report revealed on Tuesday.

Analysis from football finance experts Vysyble shows the 20 clubs in the English top-flight combined to post the huge loss despite record revenues of £5.15 billion ($6.6 billion)

The financial impact of COVID-19 is set to have a huge impact on the Premier League, even if plans to complete the current season behind closed doors go smoothly.

Premier League sides face paying a reported £330 million to broadcasters in rebates as matches could not be completed on schedule.

An estimated £126 million could also be lost in matchday income from gate receipts and hospitality.

“The COVID-19 virus is not the cause of football’s financial distress. It is merely the accelerant on what our data has very clearly and very correctly identified as a much longer-term problem,” said Vysyble director Roger Bell.

“The 2018/19 numbers are a disturbing and profoundly worrying financial outcome from England’s senior football divisions and is symptomatic of the deeper issues with the overall financial model.”

Wage costs for Premier League clubs have risen to £3.12 billion.

Everton posted alarming losses of £111 million, while Chelsea’s failure to qualify for the Champions League saw the Blues lose £96 million.

Yet the most worrying sign for the future financial health of the league may come from Tottenham.

Spurs posted a league-high profit of £68.6 million for the 2018/19 season on the back of a run to the Champions League final.

But the London club announced last week they had borrowed £175 million from the Bank of England.

They fear they could lose £200 million over the next year due to the loss of matchday income, cancellation of non-football events such as NFL matches and concerts and rebates owed to broadcasters.

“Our data has consistently demonstrated that football has been the master of its own misfortune with an over-reliance on TV revenues, staff cost-to-revenue ratios regularly in excess of safe operating limits (UEFA guidance recommends 70 per cent) and a failure to recognise key financial dynamics and trends,” added Bell.

The economic outlook for the Championship is also bleak.

Four Championship clubs have yet to release their full 2019 accounts, but the second tier of English football has so far combined for economic losses of £307 million.

The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350 million.

Reporting and photos: AFP

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Join Ifuru Island Maldives’ exhilarating ice, bubbles challenge

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Are You Ready? The Ice & Bubbles Challenge awaits your arrival at Ifuru Island.

Are you ready for the ultimate chill thrill of indulgence and adventure? Then put on your explorer hat and jet off to Ifuru Island for the Ice & Bubbles Challenge! Imagine: you’ll be basking in the breathtaking Maldives scenery while putting your might to the test with a 6-minute polar plunge, clutching a flute of bubbly like a boss. Once you conquer the challenge, you’ll savour the delicious bubbly and feel like a true champion!

Picture yourself lounging poolside, surrounded by swaying palm trees, white sandy beaches, and crystal-clear waters, while also pushing your endurance to the limit. And as a badge of honour, guests are gifted with a trendy Ice Bath and Bubbles Challenge t-shirt to flaunt their fearless spirit. The current record for the Ice & Bubbles Challenge is a brave 22 minutes, and we’re daring you to beat it!

Cold-water immersion can speed up your muscle recovery, reduce inflammation, and give you a boost of energy. Plus, you’ll feel like a true hero after conquering the challenge and basking under the warm Maldivian sun.

So, what are you waiting for? Rally your friends and come join us on Ifuru Island Maldives for an unforgettable adventure that’s sure to create magical memories that will last a lifetime!

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Six Senses launches Mermaid Courses in Maldives

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Six Senses Laamu and Six Senses Kanuhura in the Maldives are making waves with the launch of an enchanting underwater experience – PADI Mermaid courses.

Now, guests aged six and above can embark on a magical journey guided by certified PADI scuba dive instructors. Aspiring mermaids and mermen will be equipped with a monofin, a type of swim fin that mimics the movements of dolphins, and colorful fabric tail, mirroring the hues of the ocean. Catering to various ages, interests, and skill levels, both resorts offer a range of courses from discovery to advanced. A professional photographer is available on request to capture personal fairytale-moments.

“We’re thrilled to introduce this fun new experience to our range of underwater offerings,” says Judith Scheibelberger, PADI trainer and resident mermaid expert at Six Senses Laamu, an IHG Hotels & Resorts property. “Our mermaid courses are not only a source of fun and excitement for kids but also invite adults to tap into their imagination and reconnect with their inner child. Beyond the entertainment aspect and capturing Instagram-worthy memories, participants will also gain valuable underwater skills and learn about the awe-inspiring secrets of the sea.”

Mermaid courses join a plethora of underwater experiences available to guests at both Maldivian Six Senses resorts, including snorkeling with turtles, vibrant coral reef explorations, and exhilarating diving adventures. The resorts boasts state-of-the-art dive centers that provide comprehensive services and expert guidance.

For young adventurers, both resorts also offer the PADI Seal Team programme, catering to junior divers aged eight and above. This program allows aspiring divers to explore the underwater world safely, through the five ‘AquaMissions,’ where participants can delve down to four meters, or the introductory PADI Bubblemaker experience, tailored for children aged eight to nine, allowing them to dive down to two meters.

“These experiences not only offer a glimpse into the mesmerising underwater world but also provide an opportunity for young divers to develop their confidence and diving skills while exploring the diversity of Maldivian reefs,” says Anne Hospital, Dive Manager of both resorts.

The brand’s Grow With Six Senses programme offers all of the dimensions of wellness, providing kids with opportunities to reconnect with nature and engage with their surroundings. Through immersive experiences in local culture, wellness, sustainability and social interactions, children spark their curiosity and gain valuable life skills. At the heart of this programme are the dedicated kid’s clubs known as ‘The Den’, which serve as hubs for exploration and discovery.

At Six Senses Laamu and Six Senses Kanuhura, one standout offering is the Mermaid course, which invites children on an underwater adventure amidst stunning turquoise panoramas. On land, the activities are equally diverse, ranging from enlightening garden tours to innovative waste-to-wealth workshops and interactive junior cooking classes. These experiences are designed to provide children with valuable life skills through hands-on play, ensuring a comprehensive and enriching journey for young guests at the resorts.

Prices for the PADI Mermaid Courses start from USD 150 for a 45-minute discovery session. For bookings and further information, please visit sixsenses.com or contact reservations-maldives@sixsenses.com.

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Encounter of majesty: Whale Shark sighting at Vilamendhoo Island Resort

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Measuring an impressive 6.5 meters, a majestic whale shark was recently spotted gliding gracefully through the enthralling house reef of Vilamendhoo Island Resort & Spa, just beyond the main jetty. This awe-inspiring sight captivated guests, who were fortunate enough to snorkel alongside this magnificent creature. As the whale shark meandered through the crystal-clear waters, guests paused their activities, enchanted by the rare opportunity to witness such a spectacular marine spectacle.

Whale sharks, the gentle giants of the ocean, are renowned for their majestic presence in the azure waters of South Ari Atoll where, Vilamendhoo is located. These magnificent creatures frequent the abundant house reefs of this tropical paradise, creating a mesmerizing spectacle for visitors. Alongside them, graceful manta rays glide effortlessly through the crystal-clear waters, while vibrant coral gardens teem with life beneath the surface. Each encounter with these marine wonders offers a glimpse into the rich biodiversity surrounding the island, captivating the hearts of all who venture into its depths, adding to the allure of this tropical paradise.

“The sighting of the whale shark has evoked an overwhelming wave of positivity among our guests, who have shared their sheer delight at the rare opportunity to encounter such a magnificent creature during their stay. For many, this unexpected marvel has transformed their holiday experience at Vilamendhoo into an unforgettable journey, solidifying our resort’s standing as a premier destination for ocean enthusiasts and nature lovers,” elucidated Mohamed Zahir, General Manager of Vilamendhoo.

Located on a pristine island measuring 900 meters long by 250 meters wide, Vilamendhoo Island Resort & Spa follows the cherished ‘One Island, One Resort’ concept for which the Maldives is renowned. Surrounded by a spectacular house reef teeming with marine life, guests are invited to explore the underwater wonders just a short swim away from the expansive sandy beaches.

Whether it’s diving into the depths of the ocean or snorkeling amidst vibrant coral gardens, Vilamendhoo offers the quintessential island adventure. The resort’s 184 rooms, each adorned in natural island style, provide the perfect sanctuary for relaxation after days filled with oceanic exploration.

To reach this tropical haven, guests embark on a scenic seaplane transfer from Velana International Airport, enjoying a breathtaking 25-minute flight over the mesmerizing atolls of the Maldives.

In conclusion, the sighting of a whale shark at Vilamendhoo serves as a testament to the unparalleled beauty and biodiversity of the Maldives’ marine environment. As travelers seek meaningful encounters with nature, Vilamendhoo stands ready to welcome them into a world where every moment is filled with wonder and awe.

Discover paradise at Vilamendhoo Island Resort & Spa in the Maldives. With its pristine beaches, azure waters, and luxurious accommodations, Vilamendhoo offers the perfect retreat for relaxation and oceanic exploration. Nestled in the South Ari Atoll, this resort follows the cherished ‘One Island, One Resort’ concept, providing guests with a true tropical escape. Experience the magic of the Maldives with a scenic 25-minute seaplane transfer from Velana International Airport, and indulge in 184 rooms adorned in natural island style.

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