Argentina Says It Won't Negotiate With Burford Over YPF Shares
The spokesman, Manuel Adorni, also denied that the government had held any secret talks. 'Argentina will not negotiate with the plaintiffs and categorically denies any malicious discussion of parallel meetings or secret agreements,' he said.
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Associated Press
an hour ago
- Associated Press
What to know about the trial of Brazil's former President Jair Bolsonaro
RIO DE JANEIRO (AP) — Brazil's former President Jair Bolsonaro will wear an electronic ankle monitor on orders from the Supreme Court, where he is on trial for allegedly masterminding a coup plot to remain in office despite his defeat in the 2022 election. The case received renewed attention after President Donald Trump directly tied a 50% tariff on Brazilian imported goods to Bolsonaro's judicial situation, which Trump called a ' witch hunt.' The Supreme Court's order for Bolsonaro to wear an ankle monitor, among other restrictions, came after Federal Police and prosecutors said Bolsonaro is a flight risk. Authorities, listing multiple social media posts, also accused Bolsonaro of working with his son Eduardo to incite the United States to interfere in the trial and impose sanctions against Brazilian officials. On Friday, the U.S. State Department announced visa restrictions on Brazilian judicial officials, prompting President Luiz Inácio Lula da Silva 's to condemn what he called the unacceptable interference of one country in another's justice system. Here's what you need to know about Bolsonaro's trial: The charges against Bolsonaro The prosecution accuses Bolsonaro of leading an armed criminal organization, attempting to stage a coup and attempting the violent abolition of the democratic rule of law, aggravated damage, and deterioration of listed heritage sites. A federal police investigation placed Bolsonaro at the top of a criminal organization that had been active since at least 2021. Police say that after Bolsonaro's loss to Lula, the organization conspired to overturn the election result. Part of that plot included a plan to kill Lula and a Supreme Court justice, the prosecution alleges. It also says that the Jan. 8 riot when Bolsonaro supporters ransacked top government buildings a week after Lula took office was an attempt to force military intervention and oust the new president. Prosecutor-General Paulo Gonet says Bolsonaro's actions 'were not limited to a passive stance of resistance to defeat, but were a conscious effort to create an environment conducive to violence and a coup.' In the court order unsealed Friday, Justice Alexandre de Moraes said Bolsonaro and his son may also have committed the crimes of coercion during a legal proceeding, obstruction of an investigation involving a criminal organization and attack on Brazil's sovereignty. What Bolsonaro says Bolsonaro has repeatedly denied the allegations and asserted that he's the target of political persecution. He has echoed Trump and called the trial a 'witch hunt.' The far-right former leader has now been barred from using social media, but on Thursday, he said on X that 'those who challenge the system are being punished, silenced, and isolated.' Regarding the restrictive measures carried out on Friday, Bolsonaro called them a 'supreme humiliation.' 'I never thought about leaving Brazil, I never thought about going to an embassy, but the precautionary measures are because of that,' he told journalists in Brasilia. Next steps After the prosecution called for a guilty verdict in its final allegations issued Tuesday, the defense will soon present its case, likely in the coming weeks. The panel of Supreme Court justices that opened the trial against Bolsonaro will vote on whether to convict or acquit him. Experts say a decision is expected before the end of the year. A guilty verdict on the coup plot charge carries a sentence of up to 12 years, which could, along with guilty verdicts on other charges, bring decades behind bars. But Antonio José Teixeira Martins, a law professor at Rio de Janeiro State University, said Bolsonaro could be detained even before there's a verdict. 'Whether this happens or not depends on how events unfold from now on, that is if these new measures prove sufficient to guarantee public order, the application of criminal law and prevent the risk of escape,' Teixeira Martins said. Brazil's top electoral court has already banned Bolsonaro from running in elections until 2030 over abuse of power while in office and casting unfounded doubts on the country's electronic voting system.
Washington Post
an hour ago
- Washington Post
What to know about the trial of Brazil's former President Jair Bolsonaro
RIO DE JANEIRO — Brazil's former President Jair Bolsonaro will wear an electronic ankle monitor on orders from the Supreme Court, where he is on trial for allegedly masterminding a coup plot to remain in office despite his defeat in the 2022 election. The case received renewed attention after President Donald Trump directly tied a 50% tariff on Brazilian imported goods to Bolsonaro's judicial situation, which Trump called a ' witch hunt .'
New York Times
an hour ago
- New York Times
Thiago Almada's Atletico Madrid move sums up the transfer industry in 2025
This week's transfer of Argentinian midfielder Thiago Almada from Brazil's Botafogo to Spanish club Atletico Madrid is a good example of the complexity of the modern global football transfer market. Almada's arrival was announced by Atletico with a short statement on Tuesday evening. The move caught some in Spain by surprise, given the La Liga side had already signed creative midfielder Alex Baena from Villarreal for a reported €50million (£43.3m/$58.2m) and were in the process of completing the arrival of U.S. international midfielder Johnny Cardoso from Real Betis for around €30m. But Almada had long been on Atletico's radar. Advertisement Months after the Argentina international first joined Botafogo in July last year from MLS side Atlanta United for an initial $21million (£15.6m at the current rate), the Brazilian club's majority owner John Textor told the Ole Sports Summit that 'a friend' at Atletico had initially recommended he take a look at the player. That tip-off worked out well. In just six months with the Rio de Janeiro-based team, Almada helped win the Brazilian Serie A title and their first ever Copa Libertadores trophy — South America's Champions League equivalent. In January, he joined Lyon of France's Ligue 1 top flight, another club owned by Textor's Eagle Football Group (which is also a shareholder in Crystal Palace of the Premier League, although it is about to sell its 43 per cent stake to Woody Johnson, owner of the NFL's New York Jets — but that's a whole other story), on loan for the rest of the season. Almada scored twice in 20 appearances across all competitions to help them qualify for next season's Europa League (another complicated story also involving Palace). Lyon initially wanted to buy Almada outright, with a €27million purchase price put in place during the winter transfer window, but Ligue 1's DNCG (Direction Nationale du Controle de Gestion) management committee would not allow this, due to the club's deep financial issues, so Botafogo needed to find different takers for the 24-year-old. Benfica of Portugal were among the clubs interested but Atletico presented themselves as a solution and, on Thursday, Almada signed a five-year deal with the La Liga heavyweights, while posing for the cameras with their chief executive Miguel Angel Gil Marin. Exact details of the deal to take him to the Spanish capital were not made public but sources, speaking on the condition of anonymity to protect relationships, say Botafogo will receive around €23million up front, plus add-ons, depending on performances. Atletico are happy to have Almada but signing him means they now have four 'non-EU' players on their books and La Liga rules only allow three such players in your squad, so one of Brazilian winger Samuel Lino, English midfielder Conor Gallagher and Argentine right-back Nahuel Molina will have to leave for the newcomer to be registered with the league. Advertisement Negotiations over Almada were made easier as he shares an agent, Augustin Jimenez, with Angel Correa, who was last week sold to Mexican club Tigres after 11 years with Atletico, and another Argentina international at the club, Rodrigo De Paul. De Paul is also close to leaving to join Inter Miami and link up with his national-team captain Lionel Messi at club level. Atletico are open to the idea: De Paul is 31 years old, has less than 12 months left on his contract, and is also one of the best-paid members of the squad, costing them around €13million a year (including tax) in wages. Miami, however, do not currently have a free 'designated player' spot for De Paul to fill, so it is difficult for them to pay him anything close to his current salary. A potential solution could be to join Miami initially on loan, with Atletico covering some of his wages in the short term, but the La Liga club would prefer a permanent move this summer. Meanwhile, a Los Angeles headquartered firm named Ares Management has a financial interest in all of Atletico, Botafogo, Lyon and Miami. The company has provided €400million in funding to Textor's Eagle group, which includes the Brazilian and French sides, invested €220m in Atletico Holdco, the company which is the Spanish team's majority shareholder and provided $225m to help Miami's establishment and growth in MLS since the club was founded in 2018. Meanwhile, on Wednesday morning, less than eight hours after Atletico's signing of Almada was announced, Spanish business newspaper Expansion reported that another U.S. firm, Apollo Global Management, was in negotiations to invest in the club's ownership structure. Atletico sources confirmed they were talking to many potential investors as they look for funding for an €800million 'Sports City' project on land it owns surrounding their Estadio Metropolitano home ground. The scheme involves building a new training complex for Diego Simeone's first team, public facilities for golf, padel and skating, and what is planned as Europe's biggest inland surfing centre. Advertisement The connections go even further. In a personal capacity, Jim Miller and Mark Affolter, who hold senior positions at Ares, and Inter Miami's president Jorge Mas are part of the ownership group at Spanish second-division side Real Zaragoza. Raul Sanllehi, once of Arsenal, was Zaragoza's CEO from March 2022 until being named Miami's president of football operations last June, and the MLS team's chief soccer officer Alberto Marrero previously ran Atletico's sister clubs in North America: Atletico San Luis of Mexico's Liga MX and Canadian Premier League club Atletico Ottawa. There is absolutely no suggestion that any of the clubs or individuals involved in any of the deals mentioned in connection with Almada's move to Atletico Madrid have done anything wrong, legally or morally. Almada could well turn out to be a very good investment for them — he has four goals in 10 international appearances, was part of Argentina's triumphant 2022 World Cup squad and, having turned 24 in April, is at an age where he should be coming towards the prime years of his career. Yet, all the links detailed in this article illustrate the complexity of the modern football industry, and the many financial and personal ties which bind together different clubs in various leagues across many continents. (Other contributor: Guillermo Rai)
