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USA: Trump Raises Fresh Conflict Of Interest Concerns

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Donald Trump’s impending White House return poses questions once again about conflicts of interest related to his business empire, with new cryptocurrency and other ventures raising fresh concerns.

The billionaire’s stunning political comeback is “rocket fuel for the Trump Empire,” said Mark Hass, an Arizona State University marketing professor.

After almost a decade of making headlines around the globe, Trump’s “brand is… sort of the Nike or Apple of politics,” he said.

“Everybody in the world knows what it stands for.

Trump no longer holds an executive title at the Trump Organization, which has been run by his two eldest sons since his 2016 election win.

However, the 78-year-old has retained his stake in the family business via a trust, which during his first term in office was managed by a third party.

After he left the White House, Trump made himself a co-administrator of the trust. He has yet to say if he will relinquish the position when he takes office again in January.

Regardless, according to Hass, Trump’s association with his businesses will persist.

“Maybe he does not have a direct role in it, but you couldn’t get as close to the business without directly running it, than having your sons run it and to have your name on it,” he said.

Tim Calkins, a Northwestern University marketing professor, said that Trump’s victory has likely revived the family’s brand.

“Brands are associations and at the moment the Trump brand is associated with winning, comebacks and momentum,” he told AFP.

 

“Trump is still a very polarizing brand, but the election outcome has strengthened the positive associations,” he said.

Since Trump’s last term in office, the family business has struck substantial deals overseas, with several linked to Saudi Arabia.

The Trump Organization has partnered with Saudi developer Dar Global on a high-rise apartment complex in the Red Sea city of Jeddah, a luxury building in Dubai and a hotel complex in Oman.

It has also signed an agreement with LIV Golf, controlled by the Saudi sovereign wealth fund, and has hosted several LIV events on Trump-owned golf courses.

Haas said that such partners understand the contracts give them “influence” over Trump, and will ultimately produce financial benefits for him.

Stock price

Trump’s conflicts of interest will be “a lot worse” than his last presidency, said Jordan Libowitz, vice president of communications at CREW, a government ethics watchdog group.

Libowitz pointed to Trump’s expanded portfolio, which now includes a media group trading on the public market.

“There’s nothing stopping, say, the Saudi wealth fund, the Emirati wealth fund, the Kuwait wealth fund — which all do major investments in technology stocks… from pouring hundreds of millions of dollars into the stock,” he said.

 

Trump owns nearly 53 percent of the Trump Media Technology Group (TMTG), the parent company of his Truth Social platform.

That stake is currently valued at around $3.8 billion — making up the majority of his estimated $5.9 billion wealth, according to Forbes.

Foreign investors buying up the stock could raise its price greatly, said Libowitz. “But they can also crash it by selling all en masse.”

The New York Post has reported, citing members of Trump’s campaign team, that billionaire ally Elon Musk is considering acquiring Truth Social through X, his platform formerly known as Twitter.

 

The president-elect has also recently ventured into the world of cryptocurrencies, joining his sons in backing a new exchange platform called World Liberty Financial.

Trump is not a shareholder or board member of the start-up, but will receive compensation for the platform using his name.

“It’s still not clear how it works or what it’s doing,” Libowitz said. “But cryptocurrency is notorious for its ability to funnel money anonymously, particularly from overseas.”

CREW is considering filing suit against Trump — as it did during his first administration — arguing that the president is receiving payments from foreign clients in violation of the US Constitution.

The group’s previous suit eventually made its way to the Supreme Court, but it was dismissed because Trump had already left the White House.

“I think it’ll be a much more transactional presidency, because there are no obstacles,” Hass said of Trump’s second term.

“Trump, if nothing else, understands how to monetize his name and his fame.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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International News

Transfer: Real Madrid , Cucurella Reach Verbal Agreement 

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Chelsea reliable defender, Marc Cucurella may join Spanish giant, Real Madrid before the end of the current transfer window.if information from transfer journalist, Fabrizio Romano are anything to go by.

 

Romano In a latest transfer update, said Real Madrid has reached verbal agreement to sign Marc Cucurella from Chelsea.

“Verbal agreement in place between all parties, player too — he’s the left back wanted by Mourinho” the update read.

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Ancelotti: Pressure Affected Brazil Against Morocco 

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Carlo Ancelotti felt Brazil were “anxious” in their World Cup opener against Morocco, as he suggested the pressure got to his players.

 

Brazil were largely underwhelming at New York New Jersey Stadium, as they opened their Group C campaign with a 1-1 draw.

World Cup 2022 semi-finalists Morocco made a fine start, which was capped off when Ismael Saibari charged through in the 21st minute and lofted a cute finish over Alisson.

With the unfit Neymar watching on from the bench, Vinicius Junior slammed home a brilliant equaliser 11 minutes later, but Brazil could not find a way through Morocco’s defence for a second time.

In fact, Brazil relied on a sharp double save from Alisson late on to preserve a point, and Ancelotti knows there is plenty of scope for improvement.

“I think it was a tough match, especially in the first half,” Ancelotti said, as reported by ESPN

“Maybe the team was a bit anxious, and the nerves were all over the place. The second half was better, but it was still tough, and I’m sure we’ll get better.

“I think that’s something we’ll have to look into.

“There’s a lot of pressure, so it’s natural. Little by little, we’ll improve in that sense.”

Brazil are, at least, unbeaten in their opening match in the last 21 World Cups dating back to 1938 (W17 D4).

It is the longest such streak in the history of the World Cup, more than twice as long as any other (Germany, Netherlands – nine straight).

“We have to reassess what we did,” Ancelotti added.

“In the first half, we were very unbalanced. We did a bit better in the second half. The result isn’t bad. You don’t win the World Cup in your first match.

“I’m not disappointed, but I’m not satisfied, either. We need to work, but that’s normal. Morocco played well. They’re a solid team, very well organised. It was a difficult game.

“For many different reasons, a debut in the World Cup might not end up as expected. The goal is to qualify, move on to the next round and improve over time.”

With uncertainty over how much Neymar will be able to contribute at this tournament, Brazil need Vinicius to step up, and the Real Madrid forward demonstrated his quality with a wonderful run and finish to restore parity.

It marked Vinicius’ 10th goal for Brazil, with three of those coming on American soil.

“We started on a really bad note,” Vinicius said. “For certain, we got to hold on to the ball. We have to move better.”

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Revealed: Why Yamal Lost Spain’s No.10 Shirt To Olmo At The Mundia

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According to The Athletic, Yamal will not wear the No. 10 jersey for Spain; it will belong to teammate Olmo.

 

Pelé, Diego Maradona, Zinedine Zidane, Messi, and Roberto Baggio have all delivered superstar-level performances at the FIFA World Cup.

What do they have in common? They all wore the No. 10 jersey at the time.

Historically, this number typically belongs to the most creative player on the team, usually an attacking midfielder, and sometimes even a forward. It is also part of a player’s personal brand, an honor reserved for a special type of player.

Spain is one of the favorites to win this summer’s North American tournament, and there is no bigger name in the squad than Yamal. But he will not wear the No. 10 for Spain; instead, he will wear No. 19, the same number he wore in the summer of 2024 when he helped Spain win the European Championship in Germany.

So, why can’t the 18-year-old, who wears this legendary number at Barcelona—a number most easily associated with the club’s all-time leading goal scorer and appearance record holder Messi—enjoy the same treatment with the Spanish national team?

Spain’s No. 10 this summer will be Olmo, who is also one of Yamal’s teammates at Barcelona.

Olmo wears No. 20 at Barcelona, but for the national team, a simple factor puts him ahead of the young player when deciding numbers: seniority.

Spain’s system for assigning squad numbers dictates that the player with the most national team appearances gets priority in choosing from available numbers.

Yamal has made 25 appearances for the national team since his debut in 2023; Olmo has 50 national team appearances and was already wearing the No. 10 before Yamal joined the Spanish squad.

Yamal has proven capable of handling the challenge of wearing the No. 10 at Barcelona. When Messi left the club in a painful manner in the summer of 2021, it left Barcelona with several issues to resolve, one of which was who would inherit the No. 10 and bear the pressure of the legacy left by the Argentinian.

Ansu Fati, one of the brightest talents to emerge from Barcelona’s La Masia academy in recent years, did not succeed. After Messi’s departure, he inherited the No. 10 but suffered multiple injuries and could not meet expectations.

Barcelona sources believe that giving the number to Fati was a mistake because it placed too much pressure on the young player. Like all quoted sources in this article, they requested anonymity to protect their relationships.

But Yamal’s situation is different. He took over Fati’s No. 10 last summer and hasn’t looked back since. Last season, he achieved his career-best statistics, scoring 24 goals and providing 17 assists in 45 games.

Not wearing the Spanish No. 10 has also not affected Yamal’s progress with the national team.

This is not seen as a problem, but rather as part of the young player’s development. Everyone in the Spanish squad understands the rules, and sources close to Yamal and the team insist that Yamal holds no resentment towards Olmo.

It can also be argued that, besides international recognition, there are commercial factors for jersey numbers that should not be overlooked. Giving Yamal the No. 10 would certainly boost sales of the Spanish team’s jerseys and bring a more significant commercial impact from the star player.

However, respect among teammates, especially for more senior players, is a key tenet for Spain’s coach Luis de la Fuente and the foundation of the culture he is building for this Spanish team.

No individual is important enough to be above this team spirit, not even Yamal. The young player is considered the most important attacking player for Spain and is highly respected in the locker room, but breaking the seniority policy to take a teammate’s number is simply not allowed in this team.

Gavi should also be mentioned. The 21-year-old player has primarily played as a central midfielder for Barcelona this season, even playing as a defensive midfielder, but he will wear No. 9 for Spain, a number more commonly associated with central forwards.

There’s a story behind this too. When Gavi made his Spain debut in 2021, No. 9 was the last available number when he chose.

That year, he made his debut in the Nations League semi-final win against Italy, with an impressive performance, and Gavi has stuck with that number ever since. Whenever the national team’s No. 9 is available, he always chooses it.

Spain’s starting forward Oyarzabal actually began his career as a winger, but he has always chosen No. 21 and decided to keep this number throughout his national team career.

Another forward included in Luis de la Fuente’s FIFA World Cup squad, Celta player Borja Iglesias, has 8 national team appearances, fewer than Gavi’s 30, so he cannot get the No. 9.

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