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Barcelona President’s Resignation and the Lionel Messi Effect

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Stars like Messi are the attraction

It has been a tough year for Josep Maria Bartomeu, the former FC Barcelona’s president who had fought in all fronts to save the club and his job, lost the battle when many thought he’s won it.

On the eve of Wednesday, Bartomeu announced his resignation as Barcelona’s President following months of crisis in and outside the club’s field of play.

“Today I have announced my resignation and that of the rest of the FC Barcelona Board of Directors. Here I explain my reasons and briefly look back at these years in charge. I am proud to have served the club. Visca el Barca,” Bartomeu said in his statement.

The decision has come following the vote of no confidence by club members. The past season was full of inconsistencies and failures that stir questions over the president and the Board of Directors’ ability to continue running the club.

In the wake of the coronavirus outbreak, Barcelona was left reeling on the mercy of players. The club had asked players for a 70 percent wage cut as it couldn’t pay staff‘s salaries, a situation that has lingered over the months.

There were Champions League woes dating back to three seasons, with the notorious humiliating 8-2 loss to Bayern Munich last season. That’s after the domestic league loss to rivals Real Madrid, as a result of Barcelona’s complacency.

These series of failures compounded the already strained relationship between Bartomeu and Lionel Messi, that at the end of the season, the Argentine astro sent a burofax announcing his decision to leave the club.

Messi has repeatedly criticized Bartomeu and his Board of Directors over what he called ‘mismanagement’ of the club, which has resulted in many of the failures, including the inability of the club to pay salaries and lack of sports projects.

“And the truth is that there has been no project or anything for a long time, they juggle and cover holes as things go by,” Messi said in a tell-it-all interview with Goal.

As the six time Ballon Do’r winner announced his decision to leave his childhood club, it drew unprecedented reaction around the world, but especially from members of FC Barcelona and fans. The storm it ignited propelled the push for vote of no confidence on Bartomeu and his board.

The failures could no longer be tolerated, they have crossed the line and the club is on the verge of losing its most valuable asset – Messi.

Against this backdrop, Bartomeu tried to effect some changes to appease the club and fans. Some players were let go, including Luis Suarez, Barcelona’s top nine and Messi’s close friend. A new coach, Andy Koeman, was hired to steer the club to success. But the problem is more of a fundamental issue than it is a transfer market thing.

In the past, the club’s attempts to address the inconsistencies had focused on coaches. In 2020, the club had to fire and hired three coaches, including Ernesto Valverde who was sacked in the middle of the season, an action which was considered unbecoming of Barcelona’s modus operandi.

However, the moves by Bartomeu and his board failed to calm the dust that erupted following the happenings from six years ago when he was elected Barcelona’s president. There were good times though, Barcelona won the Champions League once, and the domestic league four times during his presidency. But the good times didn’t last long enough to uphold Barcelona’s philosophy and make the club faithfuls happy.

In the wake of the troubles, Messi revealed the bane of his happiness and why he wanted to seek a career elsewhere.

“But I looked further afield and I want to compete at the highest level, win titles, and compete in the Champions League. You can win or lose in it, because it is very difficult, but you have to compete. At least compete for it and let us not fall apart in Rome, Liverpool, Lisbon. All that led me to think about that decision that I wanted to carry out,” he told Goal.

Former Barcelona president Joan Laporta, who has been a fierce critic of Bartomeu and his board, along with majority of club members and fans have taken Messi’s side. The Barcelona philosophy is waning; there is no project, no young players to fill gaps and no planning for the future.

When Barcelona fans took to the streets, in the wake of the crisis, to protest against Bartomeu and his Board of Directors, the Barcelona President knew it’s no longer business as usual.

There had been some occasions in the past, for example in 2017, when the fans campaigned for his resignation, trending the hashtag, #BartomeuDimiteYa. But it ended on Twitter and didn’t make it to the streets. So when the fans defied coronavirus and hit the streets, Bartomeu knew his time as Barca President was up.

“The easiest thing after the Champions was to resign, but it was necessary to take decisions in an unprecedented global crisis. We could not leave the club in the hands of an interim board,” Bartomeu explained why he didn’t resign immediately at the end of the season.

“… Who would have ensured Messi stayed? Who would have hired a new coach? Who would have agreed salary drops for the squad? I could not let the club be run by external figures on a temporary basis.”

On the other hand, he was hoping that COVID-19 would buy him more time as club members pushed for a vote of no confidence. When the local government gave the green light to commence the process of voting, Bartomeu knew he had played his last card. Though he said he is resigning because he doesn’t want the people to gather at Camp Nou in the name of voting, and expose themselves to COVID-19, it was more of fear of the humiliating outcome.

The decision before everyone was to choose between Messi and Bartomeu, and the message was clear from the fans and club members. In an unprecedented manner, they made their choice, choosing Messi over Bartomeu. Adding to his tremendous records, Messi thus, became the first player to wield such influential power to kick a club’s president out.

On his way out, Bartomeu announced that the board have “approved the acceptance of requirements” to join European Super League (along with other major clubs), a development La Liga president, Javier Tebas said it has added to the many errors he made as Barcelona President.

In the immediate future, an independent administrator will oversee the club and organize elections.

After “#Sorosoke” (speak louder), there is “#Ise Bere” (work begins), Bola Awosika Oyeleye tells Nigerian Youths

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One of the major issues that characterized the #EndSARS protest which rocked Nigeria and has dominated global discourse in the last three weeks is the alleged complacence of the older generation towards major developmental issues affecting the country. This accusation was largely part of the narratives generated by the protesting youths who were calling for an end to the endemic police brutality in the country. There was a very strong resistance from these youths who refused to listen to the voice of the people they perceived to have been part of the complacent generation. For the disgruntled youths, their slogan is #Sorosoke which literally means to speak louder. And anyone who refused to disagree with their strategy of asking for their rights was told to do “Fem” a word signifying that such people should shut up.  However, in a treatise, a Nigerian Diasporan, Bola Awosika Oyeleye charged the youths to see nation building as a process. She called their attention to past struggles and made them see the reasons why they need to get more involved if they desire to see a new Nigeria. The full Facebook post is here….

While the Nigerian youth is angry today, Diasporans have been angry for a long time. Angry that they had to leave, and angrier that they can’t come back, leaving many feeling like they’re in exile. The exodus and disenchantment started in the 80s. Ask your parents about the ‘Andrew’ commercial and ‘checking out’ (played by Enebeli Elebuwa, if my memory serves me).Before many of us left, we also did our bit to ‘soro soke’ ‘Ali Must Go’ on my mind. Ask your parents.

Notable University of Ife activists included Dele Babatunde of blessed memory, Wole Olaoye Femi Falana, Femi Kuku, Victor Oladokun, Obinna Duruji, Greg Obong Oshotse and others. We all were involved in campus politics. Though originally from Unilag, I must pay homage to the late Mr. Segun Okeowo, the tireless leader of the Nigerian Union of Students. He took OBJ on and paid the price.

UNILAG expelled him. Ife later admitted him, during which time I, along with then Deola Ayodeji had the pleasure of sitting side by side with him in some of our classes in the English department. A more subdued man, but he maintained a dignity that was enthralling, still. We obtained our degrees the same day. May he rest in peace.

Can anyone forget the day OBJ came to Fajuyi Hall and the amazing leadership provided by the late Dele Babatunde, who probably had not turned 21 at that time. Many left the country, most stayed, all still yearning for a better Nigeria. Your parents may look old and irrelevant in your eyes. That will be a mistake. Ask them how it was. You might learn something. I understand that this government acquiesced early in the protest and agreed to your initial requests.

I can tell you without any fear of contradiction that that was a first in the history of Nigeria. Nigeria’s young democracy did that.That was more than we got from OBJ and his military govt. Our rallying cry was: “We no go pay o! We no go pay! Extra kobo, we no go pay!”Well, Ali didn’t go, and we paid the one naira increase (200% increase per meal) in cafeteria food that we were rejecting. And still, lives were lost.

I remember Wemimo Akinbolu, among others. May they all rest in peace. Yet, activism and agitation continued until Nigeria became democratic. Do you know that OBJ wanted a third term? But he didn’t get it. You were not the ones that fought that fight. Your parents did. Your parents also put their heads down to work and give you the opportunities you have that allowed you to mount the uprising that you just accomplished. Many of them have battle scars. Now you know. Most of the civilian leaders have been ex-military. So, we’ve had a ‘para-military’ democracy. So, it’s a case of ‘hot potato’. This government just got caught holding the potato. No be today.

There’s movement, but it is slow and nearly imperceptible. This is where your own vision comes in.  You can’t burn it all down, & you can’t be complacent, either. What solutions does your ‘woke’, internet savvy, generation have? Unfortunately, the young ones destroying properties today will be voted into office tomorrow, and will go the way of their predecessors. What have they demonstrated so far that gives any indication that they will be different? Like begets like. A house cannot be built in the air without a foundation. Do not disparage or discount what went before. You should do your part, but build on something.

All politics is local. International bodies can talk and condemn. The next day, a new crisis will subsume your own.Do you have a voter’s card? Anyone over 18 who claims that their elders failed them should show how they have voted in previous elections.

Did you vote? If you voted, did you vote based on issues or based on your tribal leaning? Did you take as much interest in the politics of your locale? Or was Election Day a vacation for you or for watching Big Brother? That was then. What do you plan to do in future? Do you know the name of your local government chairman and councillors?

Do you know the amount of money those people are voted? What about your governor? Who is watching him/her? Do the ‘angry youth’ know the budget of their states of origin and what the money is earmarked for, and whether it gets done?

Do you know the names and locations of your state & National Assembly members and hold them accountable? Is Lagos the seat of federal government? Do you know the difference between the responsibility of the state and federal government?

You can’t take over a system you don’t understand. 2023 is on the horizon. Is there a strategy? Let’s not kid ourselves, protests are just a means of venting and creating awareness. And sometimes, we all need to vent. However, venting does not produce long term positive results if the real work is not done. We are all culprits regarding why Nigeria is the way it is. We cannot rile against a system that we perpetuate.

Is it ‘government’ that buys or sells exam questions?  Is it ‘the leaders’ that sit on your file in those offices until you have ‘appreciated’ them? Is it the ‘leaders’ that import fake drugs? Is Buhari the one driving facing on-coming traffic in your town? Is it Buhari that sells the same piece of land to different people? Is that person who builds your house with more sand than cement in government? What about your mechanic that claims to have replaced something with a new part but only cleans the old one? The lecturer that fails a student for not providing special ‘benefits’ nko?

Everyone knows a Diasporan who has tried to return to do something for the benefit of the country. They have mostly been frustrated out of there, not by the government or leaders, but by the people that they’re trying to help, many of them among the ‘youth’. You can’t ignore that. After ‘soro-soke’ nko? There should be ‘ise bere’(work begins).

Is anyone ready to do the work that is required? Soro soke is not enough . You must task yourselves with building the country you want, and that requires work. Anyone who disagrees that the real work is more than talk is not telling you the truth.

Nation building is hard. It requires skills that many still need to learn. It is not too late. The internet is full resources. But who will stand up for that? As many have now learnt, the razzmatazz of social media, though exhilarating, is fleeting. The smoke is clearing. After protests and venting should come planning and dialogue.

That process requires listening, compromise, and a balancing of interests, especially in a patchwork amalgamation called Nigeria. Many of us don’t have the capacity for that yet, but we must try. Let the young people who wish to lead begin from the basics. It is entirely possible that as soon as leaders emerge, the ‘youth’ movement will fracture into tribal and social camps.

That is a challenge you must face and tackle. I promise you that a lot of well-intentioned Nigerians at home and abroad will rise and help you build. Otherwise, the rot continues and you will be an integral part of it. #isébèrè

How the #Sorosoke Generation holds the future of Nigeria- Kola Oyeneyin

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A charge has gone to the youths in Nigeria not to be discouraged by the recent events that characterized the peaceful but hijacked protests to end police brutality in the country. This advice was handed down to the Nigerian youths by Mr. Kola Oyeneyin on his LinkedIn page. The 2020 Harvard Kennedy Alumni first took a look at the data and how the numbers are favourable to the youths. He said “On May 29, 2020 Nigeria’s democracy turned 21, and millions of young Nigerians also turned 21. In fact, between 1999 and today, ~83 million Nigerians have been born. Out of those 83 million, at least 72.5 million are alive and well (factor in avg. 10% death rate). ~15 million are those I call #BornDemocrats.” He further stated that by 2023, the number would have increased to 21 million making them having the influence to change democratic leadership.

Oyeneyin then went further to highlight changing values and the generational gap that impacted the protest they had in some parts of the country, especially in Lekki. He said “These young Nigerians, who can now vote or carry PVC, have never been under military rule, unlike some of us. That’s why they remained at the toll in Lekki. They have no idea what the military is capable of. They don’t know or care about IBB or Abacha. While they know of June 12, MKO may not be their hero. Fela’s music may have influenced many of us at some point, for them it is Davido, Wizkid.” The Founder of the Venia Group posited further that “When they think of activism/advocacy, Chief Gani Fawehinmi or Ken Saro-Wiwa aren’t their legends. History being out of school curriculum is to blame of course. However, we must accept that June 12 as important as it is, does not necessarily resonate with a whole generation.”

He then saluted their courage and creative ability which made them organize an online governance structure for the #EndSARS protest built on fintech and cryptocurrency saying they will define the future of the country. He called them the real youth of Nigeria. He said “Let’s face it, they practically created a whole governance structure for hashtag#EndSARS online; including cryptodonations. Both the ~21million who are politically active (above 18), and the remaining ~51million will define the future of Nigeria, whether we like it or not. They’re the real youth of Nigeria, not those of us in our late 30s or 40s. It is those young people that I write to, daily!”

He then advised them further enjoining them to do more in order for the labour of past heroes not go in vain. He said “For the Labour of our heroes past to not be in vain, we need you. We need you to not just be armed with historical knowledge but with vision and purpose. To not just be online, among the crowd, but to stand out and lead. To not just plan an incredibly peaceful protest but to now get ready to build a nation.”

He threw a gauntlet at them to leverage on the power of technology to build a nation of their dreams. He advised “while a Prof. Soyinka may be too old to continue to fight, holding the government accountable, you can. Many of those you look up today, started out right about your age. They did so much to push back on everything we still deal with today, and they didn’t have the weapon you now hold, tech. They too were arrested, beaten, jailed and some even killed. They dared our leaders in the past, stood in front of armoured tanks, and got tear-gassed over and again. They were not perfect, neither am I or you.”

In concluding his admonition, Oyeneyin went down the memory lane to again let the youths see how to draw from the past to create a future Nigeria of their own imagination where peace and justice will reign. He said “MKO eventually paid the ultimate price, for the democracy we are now attempting to make work. I challenge you (and I) today, to not let their labours be in vain. If organized, you’re powerful & have the numbers. That’s what govt. is afraid of. That’s why they came hard on you. You’re living in a semblance of freedom today, because many were bound. You and I have a responsibility, to not only preserve what we have, but to build a nation, where peace and justice shall reign! Don’t ever think it’s the end, it’s just the beginning.”

Deepen Your Business Model [Audio]

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Just working hard is not enough. You must upgrade your playbook. Is your business model modern? In the Institute, we are spending time looking at business models because in this age, irrespective of how brilliant you are, if you are stuck in the wrong one, capturing value becomes difficult. Amazon can buy Walmart and have a change in excess of $ 1.2 trillion. Microsoft can buy IBM and will not sweat. Get into this zoom conversation in a recent Tekedia Live webinar for Tekedia Mini-MBA members.

All Hail The Y’ello King – MTN Nigeria Is Growing Money on Data!

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If you look at the financial data coming out of the home of Y’ello, you may not believe that MTN Nigeria is operating in Nigeria. Yes, despite the paralyses in Nigeria, MTN has found a way to keep capturing value. I mean, this company is now at its own level: no one comes close.

Revenue grew by 13.9% to N975 billion over the 3rd quarter, up from N856.549 billion recorded in the corresponding period last year.  You know one thing? MTN Nigeria will clearly surpass N1 trillion naira of revenue in 2020. I think MTN currently holds that record in Nigeria; in 2020, the party will surely continue. The CEO, Ferdi Moolman, sums it up: it is data, and nothing but data growth.

CEO of MTN Nigeria, Ferdi Moolman, said, “Following a decline in voice traffic and an acceleration in data during lockdowns in Q2, we have seen a normalization of traffic as restrictions have been removed, with a recovery voice traffic and continued growth in data. This has supported a 13.9% growth in service revenue, with an acceleration of growth to 16.5% in Q3 specifically.”

  • Operating profit also increased by 7.8% from N284.73 billion in Q3 2019 to N307.01 billion in Q3 2020.
  • The growth in operating profit was largely impacted by the increase in finance costs as a result of increased borrowings (September 2019: N381 billion, September 2020: N509 billion), leading to a decline of 0.6% in profit before tax to N211.6 billion.
  • The following are key metrics which impacted the Q3 2020 figures posted by the firm:
    • Mobile subscribers increased by 3.9 million to 75million.
    • Active data users increased by 1.7 million to 30.7 million.
    • Service revenue increased by 13.9% to N973.8 billion.
    • Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 9.1% to N497.9 billion.
    • EBITDA margin declined by 2.3 percentage point (pp) to 51.0%, due to cost pressures arising mainly from increased investments in the firm’s network and the impact on costs of the depreciation to the CBN and NAFEX exchange rates.
    • Profit before Tax (PBT) declined by 0.6% to N211.6 billion.
    • Earnings Per Share (EPS) declined by 3.3% to N7.1 kobo

This is a massive performance with voice revenue dropping from 73% in 2019  to 67% in 2020, but data doing the job as data revenue to total service revenue has grown from 18% in 2019 to 25% in 2020. Simply, MTN Nigeria has retooled its business model, making sure it is well positioned for the future. All hail the Y’ello king.

Full financial details are here.