Latest news with #financial constraints
Yahoo
a day ago
- Business
- Yahoo
Barcelona open to offloading surplus forward following Rashford's arrival
Barcelona are in dangerous waters with their financial constraints in recent years, and therefore, they are open to selling a few players now that they have closed the Marcus Rashford deal. The Blaugrana were desperately looking for an added attacking option, and they have signed Rashford on a loan deal from Manchester United. The England international is versatile and will cover two positions at Camp Nou, making him the ideal backup option for Hansi Flick. However, as per reports via Super Deporte, Barcelona are now open to selling Pau Victor, who has become surplus to requirements after Rashford's arrival. Barcelona need to balance the books, and selling Victor would help them with the funds needed to register new signings like Joan Garcia and Rashford. Valencia are reportedly interested in Victor, but they want to sign him on loan with an option to buy. 📲 Follow The Sporting News on WhatsApp On the other hand, Barcelona are keen on the outright sale of the 23-year-old, who has featured in 27 games and scored two goals last season across competitions. What's Barcelona's asking fee for Pau Victor? Victor understands that he will depart Barcelona this summer as he is not in Flick's plans this season, with plenty of players filling in his position. (Getty Images) Valencia are reportedly the front-runners and have had meetings with Barcelona discussing a move for the 23-year-old. However, with Barcelona demanding £8 million ($11m) for Victor, Valencia won't be able to match such demands, as financial regulations are also impacting their transfer activity. It remains to be seen if they somehow manage to negotiate a lower asking fee or an ideal loan to buy deal for the Spanish forward. Barcelona news and related links Marcus Rashford's update triggers teammates reaction amid Barcelona's latest move Lewandowski makes national team call after new head coach appointment Barcelona star makes transfer stance clear amid summer exit rumors
CTV News
4 days ago
- Business
- CTV News
Six layoffs announced at Sault College, eight positions declared redundant
It was a sombre day at Sault College for staff on Thursday as officials announced eight full-time support staff positions were being declared redundant. It was a sombre day at Sault College for staff on Thursday as officials announced eight full-time support staff positions were being declared redundant. Earlier in the day, staff members in those positions were provided with written notice of reassignment. The reassignments are going to result in the layoff of six full-time employees after the layoff/bumping process is complete. Sault College It was a sombre day at Sault College for staff on Thursday as officials announced eight full-time support staff positions were being declared redundant. (File) 'This difficult decision was made in direct response to unprecedented financial constraints facing the institution. The college is currently managing a projected $5.6 million deficit for 2025-26,' the college said in an emailed statement. Reasons behind the financial problems include the cap on international students put in place by the federal government, ongoing provincial tuition and grant funding freezes and rising operational costs. The college also cited what it calls 'a challenging post-secondary funding landscape.' The college's employment stability committee made the recommendations following established procedures and considering all other possible measures to preserve jobs, the statement added. Sault College said 16 administrative staff, support staff and faculty members have retired since 2024 and were not replaced. Nine staff members took voluntary exits and were not replaced and 12 staff members accepted voluntary departure packages. The college has also enacted a hiring and salary freeze, suspended 20 programs and conducted a comprehensive cost review. Ontario's Minister of Colleges and Universities, Nolan Quinn, visited the city this week, spending time at both the college and Algoma University. He visited Sault College's health sciences lab and skilled trades spaces. The college is just the latest post-secondary institution to cite financial difficulties. Ontario Public Service Employees Union said this week the province is undergoing one of the largest mass layoffs in the province's history, with nearly 10,000 job losses.
