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Botafogo sacks coach Paiva after Club World Cup elimination

Botafogo sacks coach Paiva after Club World Cup elimination

Yahooa day ago
Botafogo's coach Renato Paiva watches the Club World Cup Group B soccer match between Atletico Madrid and Botafogo in Pasadena, Calif., Monday, June 23, 2025. (AP Photo/Jae Hong)
RIO DE JANEIRO (AP) — Botafogo sacked coach Renato Paiva on Monday, 48 hours after they were eliminated in the Club World Cup by Brazilian rival Palmeiras.
The Portuguese held the job for only four months but won Botafogo's first Copa Libertadores title.
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Botafogo said Paiva was informed on Sunday night.
Brazilian media say Botafogo chief John Textor made the decision because he wanted a more aggressive performance from the team in the 1-0 defeat to Palmeiras on Saturday in the round of 16.
TV Globo reported Paiva told Botafogo staffers that Textor was trying to interfere in his team selections, which the U.S. businessman denies.
Only 10 days ago, Botafogo beat Champions League titleholder Paris Saint-Germain 1-0, and Textor celebrated on the pitch with the 55-year-old Paiva.
Earlier, Textor relinquished his role as president of seven-time French champion Lyon to American businesswoman Michele Kang. Textor resigned following the club's relegation over financial irregularities.
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Textor has also resigned from Lyon's board of directors. He became Lyon president three years ago, taking over from longstanding incumbent Jean-Michel Aulas, who sold to Textor's Eagle Football Holdings after 35 years in charge.
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AP soccer: https://apnews.com/hub/soccer
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What now for Man City after Club World Cup exit?
What now for Man City after Club World Cup exit?

Yahoo

time34 minutes ago

  • Yahoo

What now for Man City after Club World Cup exit?

Manchester City suffered a shock defeat by Al-Hilal in the last 16 of the Club World Cup [Reuters] Manchester City are heading home from the Club World Cup after a shock defeat by Saudi Pro League side Al-Hilal in the last 16 in the United States. The squad are scheduled to fly back to Manchester on Tuesday night, bringing to an abrupt end a tournament which promised so much but instead delivered a stunning upset. Advertisement "We have been on an incredible journey together and were in a good place. The vibe was really good," manager Pep Guardiola told BBC Sport. "But we go home and now it is time to rest - rest our minds for the new season." Was it a worthwhile experience for Guardiola's squad or an unwanted extension to an already long season? And what happens next for City? What did Guardiola learn from trip? The sunny climes of City's Florida base appeared to refresh and rejuvenate a side that was so disappointing this season - but on Monday night their Club World Cup hopes fell apart. The new signings all played a significant part in the tournament and it was evident that Dutchman Tijjani Reijnders will bring much-needed energy and enthusiasm to the midfield. Advertisement France international Rayan Cherki got off the mark in the group stages and provided a glorious assist for Phil Foden's extra-time goal against Al-Hilal, but there are major concerns at the other end of the pitch. While Algerian full-back Rayan Ait-Nouri's attacking ability is undoubted, there are question marks over his defensive capabilities, having been caught out on occasion against the Saudi side. Matheus Nunes is a midfielder playing at right-back and though City managed to paper over it during the group stages, the square peg in a round hole was glaringly obvious once up against decent opposition. Sources had not ruled out the signing of a new right-back before the tournament and it remains to be seen whether the club make a move for one. Advertisement Guardiola also needs to address the lack of pace in the heart of the defence, with the two central defenders looking particularly sluggish when attempting to chase back the speedy Al-Hilal forwards. The Spanish boss has made it clear he needs to trim his squad heading into the new season and there may be question marks over the future of England international John Stones, who was the only outfield player not to see any minutes on the trip. Meanwhile, it remains to be seen whether midfielder Rodri, who missed most of the season through injury, has suffered a setback. Guardiola said he "complained about his situation" having come on as a second-half substitute before being taken off in extra-time. How much did City make? 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In addition, that quartet were regular starters for their country at Euro 2024 and, with the exception of former Germany midfielder Gundogan, continue to play international football. Meanwhile, only two outfield players in Europe's major leagues can top the 4,861 minutes racked up by City's recent signing Reijnders for AC Milan last season, while Josko Gvardiol, Bernardo Silva and Erling Haaland all rank in the top 13 among Premier League players. Advertisement Defeat by Al-Hilal brought to an end a season which began 325 days ago with the Community Shield against Manchester United on 10 August. City lost 17 games in all competitions, which is at least five more than in any other season since Guardiola's appointment and the club's highest total since 2008-09. While City scored 130 goals in 61 fixtures, the defensive lapses exposed in their Club World Cup exit have become increasingly common. They conceded 78 times this term, comfortably their worst record under Guardiola. 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Sebastian Mejia: The Soul Of Enduring Companies
Sebastian Mejia: The Soul Of Enduring Companies

Forbes

time38 minutes ago

  • Forbes

Sebastian Mejia: The Soul Of Enduring Companies

The visionary behind Rappi and now Tako, is building the operating system for the Pan American century. Sebastian Mejia Photo by Fadil Berisha, Courtesy of Sebastian Mejia What are the qualities of enduring companies, enterprises that can survive technology's creative destruction and the waves of progress that disrupt industries? Sebastian Mejia knows what it takes. Mejia is a co-founder of Rappi, an app that provides both delivery services and a local commerce ecosystem throughout Latin America. H also launched Tako in 2023 in Brazil as a workforce management AI System of Intelligence (SOI – more on that later). With Mejia's new venture, Zeal8 , he is planning to start or acquire high quality enterprises. Mejia's great strength has been in finding important market niches once resistant to digitization, such as groceries and food delivery, or payroll, that amass large amounts of user data that can be leveraged in other businesses uses, in a manner that compounds the value created. Mejia, who I interviewed recently in Santa Monica as well as over zoom, is very soulful, intense, and passionate about what it takes to launch a great business as well as his own criteria that make companies successful and enduring. In person, he looks more like a student backpacking his way around the world than the co-founder of a multi-billion dollar enterprise. As a founder, Mejia stands out as well-traveled, well-read, with a strong background in both economics and coding. He is a lifelong learner (always studying the trajectories of successful companies and business models), always reading several books (histories, fiction, business biographies), a music fan, and is a person who thinks deeply about business systems, technology, and what makes companies great. He thinks both micro, obsessing about the complexity his businesses must tackle; and macro, mapping out global futures for his companies and for Latin America itself. Mejia grew up in Cali, Colombia, a culturally rich city that is a center for salsa music and was also Colombia's sport capital. His father, who died when Mejia was in university, was 'larger than life,' a very outgoing and energetic businessman; and his mother, still living, also was an entrepreneur who started a popular magazine at the intersection of culture and business as well as launching a thriving show with salsa and circus artists. They divorced when he was a child. Mejia describes a happy childhood, always tinkering and creating. 'I l00000000000000000000000000oved physics, I loved math, I loved sports, and I loved music.' While his father was living in Spain, Mejia enrolled at Esade in Barcelona where he learned 'hardcore math, microeconomics, and coding inn Java.' As an immigrant Mejia felt like an outsider which also gave him 'the feeling of being an underdog and wanting to succeed… along with wanting to stand up for himself.' In the summer, he started a business selling iPods with custom-created playlists and also sold cold beverages on the beach which he describes as 'my first education in market dynamics.' After his father's sudden death, his mother wanted Mejia to return to Colombia. Instead, he remained in Spain to study economics at Universidad Autonoma de Madrid where he first investigated how innovation can wreak what Joseph Schumpeter called 'creative destruction' on a market, and how technology can drive 'waves of progress' disrupting industries and ways of doing things. 'That was a very, very important lesson for me,' he told me. 'I learned how entrepreneurs and innovation are the driving forces.' Mejia graduated in 2008 as the economic collapse was spreading through Spain, with youth unemployment reaching near 50%. He then spent six months working at a resort in Turkey learning about customer experience before embarking for New York, where he arrived in February 2009 in Greenpoint, Brooklyn in the middle of winter. In New York, Mejia worked at a variety of jobs including for a PR Agency, for a company that analyzed film production tax and rebate incentives, and then for a small private equity firm founded by some Guggenheim partners, through which Mejia met a German technology company hoping to make inroads in the US, B2B, He convinced them to hire him as their 'one-man Swiss Army Knife.' Following these experiences, Mejia decided to start his first software company. He realized that the largest category in retail, groceries, was 'the most underdeveloped category in e-commerce.' No one had really devised a great way for supermarkets to have their customers shop online. To develop the software, Mejia partnered with a friend in Colombia who was building a software studio company, which turned out to be a way to get closer to the engineering and coding talent in Latin America. They created an online, mobile first, shopping experience that was like going down the aisles of a supermarket and choosing products for your basket; and which they offered to white-label for companies. Among Mejia's first investors was Chris Burch (one of the founders of Guggenheim Partners who I profiled here). 'And until today, Chris is a very, very close friend of mine,' Mejia said, 'and we've done a lot of business together and investments together. He's someone that I love and respect a lot, and [that] has a very unique mind.' At one point, Mejia and his partner got an inquiry from India. Mejia assumed it was someone wanting to pirate their software. Instead, it turned out to be a legitimate approach from Reliance, which was then leading the largest investment in history to build Jio, a company to connect billions of people to the internet and to products and services. Three weeks later, Mejia and his partner were on their way to Mumbai. He was all in. 'I was blown away by that ambition,' Mejia said. 'And my immediate next question [was]: What if you apply the same idea back to Latin America?' Logo for Rappi Courtesy of Rappi and Sebastian Mejia In 2015, along with two partners, Simon Borrero and Felipe Villamarin, Mejia launched Rappi, a consumer app offering groceries, restaurants and other products. This was not a business that was top-down but rather built with passion from the ground up and that pivoted to meet its customers' needs. It caught fire and began to expand exponentially. Rappi attracted capital from SoftBank, Sequoia, Andreessen Horowitz, and participated in Y Combinator. Rappi became Latin America's 'everything app.' Over the last decade, Rappi has grown to be an incubator for mobile first Latin American companies, a source of income for couriers of all sorts, a financial and banking platform, as well as having a philanthropic arm. In 2021, the company had a valuation of $5.25 Billion. Recently, Mejía stepped away from Rappi. He is now focused on building enduring, high-quality companies like Tako, while continuing to invest—but in a more concentrated and operationally involved way, including buying into or backing companies he can help shape directly. 'I know how to invest and I know how to allocate resources,' Mejía said. 'But at the core, I'm a builder. I know how to build teams, build products, sell, think in systems and remove bottlenecks.' Mejia believes that one of the most important aspects of a great company is their focus on exceptional technical / engineering talent. In building companies, he feels it is critical to give employees a mission, to give them purpose, to create a great place to work, filled with peers who are outstanding, because, Mejia says 'that's what any talented individual wants: to work with someone special.' Doing so makes a company more than an algorithm-driven enterprise. It becomes a place with soul that people feel part of – employees and customers alike. In company founders, he is looking for resilience, which he believes is essential to creating truly transformative and innovative products. Doing so is hard, so Mejia believes you need motivated mission critical founders who are crazy enough to want to be part of a team that is solving a unique problem. And who are goal-oriented to the point of disagreeableness. Mejia describes AI as a new paradigm. 'Everything changed.' Mejia said. 'How companies are built, how products get built, what great talent looks like to embrace this technology. You need to be a lifelong learner, be able to reinvent yourself and look for companies that leverage this technology and also have traits of defensibility.' logo for Tako Courtesy of Tako and Sebastian Mejia Tako, Mejia's recent venture, which launched in Brazil in 2023, takes advantage of Brazil's unique digital infrastructure. There is an old saying that most companies' most valuable asset, their people, goes home every night. Employees are the largest cost of many businesses. Software companies, from Oracle to Salesforce, to Microsoft's Nimble, are all what is called 'CRM's Customer Relationship Managers. Tako's payroll-related database is a sort of 'ERM' – an employee relationship manager. The people Tako services are its greatest commodity. According to Mejia, Brazil has 'some of the best fintechs on the planet,' as well as 'the most forward thinking central bank on the planet.' Brazil's laws are dense, dynamic, and enforced— making digital mastery and deployment of all the requirements a complex dataset to process. However, Mejia told me, ' If you can build a system that works in Brazil, you can build one that works anywhere.' However, Mejia believes that 'to endure, companies must be systems—not just features. Mission is more powerful than momentum.' Mejia describes Tako as 'a system of intelligence,' which is built on three pillars: Applications, which are deterministic software (for example a program that can organize a company's payroll). The second is a database of customer (or employee) information. Added to that is other available information about the individuals (that are public or which they offer up). And the third pillar is using AI to process information and complete the mission of the software. On that foundation new services and uses are engineered, Mejia said, while 'using the AI to develop predictive information that informs the customization and offerings to the individual or corporate user.' Tako. powered by large language models that integrate legal logic, regulations, and real-time company data, allows small and midsize businesses to stay compliant without building a large back office and provides large enterprises with the ability to manage complex payroll and people operations Backed by Ribbit Capital, a16z (Andreesen Horowitz), and long-term builders, Tako has already processed hundreds of millions in payroll, saving Brazilian companies time, money, while remaining in compliance with Brazil's myriad rules and regulations. But, in the end, it is a people-driven business. Tako has its roots in Brazil, but Mejía is a global citizen who now resides in the US and his ambitions are global. Mejia envisions a Panamerican awakening—a cross-continental coalition of talent, infrastructure, and entrepreneurship that can compete with China, defend digital sovereignty, and export innovation—not just commodities. 'A hundred percent of Mexico's telecom infrastructure is Huawei,' Mejía warns. 'The Chinese aren't coming—they're already here. If we don't build enduring platforms, someone else will. It's time to build bridges among us.' And do so with high quality companies that endure. That is the soul of Mejia's vision.

It's too early to say – Pep Guardiola hoping Man City can challenge next season
It's too early to say – Pep Guardiola hoping Man City can challenge next season

Yahoo

timean hour ago

  • Yahoo

It's too early to say – Pep Guardiola hoping Man City can challenge next season

Pep Guardiola feels it is 'too early to say' whether Manchester City will be back competing for the biggest prizes next season. City's hopes of using the Club World Cup to kickstart a revival after an underwhelming 2024-25 campaign ended prematurely as they crashed out to Saudi side Al-Hilal in Orlando on Monday night. Advertisement With new signings catching the eye in an impressive group phase that culminated with a 5-2 thrashing of Juventus, City appeared to have turned a corner. But old defensive failings returned as Al-Hilal produced a stunning upset at the Camping World Stadium, edging a pulsating last-16 encounter 4-3 after extra time. 'I don't know,' said City manager Guardiola afterwards when asked if his team had convinced him they could challenge next term. 'It's too early to say but I saw many, many good things that I didn't see in the past, especially from where we were. 'The relation between the players and our captains helps a lot, and the backroom staff. Advertisement 'It's sad because I felt that we were happy here. The training sessions had been really, really good – all of them. 'But the level in these competitions, Club World Cup, (is high).' City looked on course for the quarter-finals after taking an early lead through Bernardo Silva but they paid the price for missing a series of chances to increase their advantage. Marcos Leonardo and Malcom turned the game around for Al-Hilal early in the second half. Erling Haaland forced extra time but City required a Phil Foden volley to level again after Kalidou Koulibaly headed Al-Hilal back in front. City could not regain the initiative and Leonardo settled an eventful contest – securing a statement victory for Saudi football in the process – after 112 minutes. Advertisement Question marks remain over the size of City's squad ahead of the new season with Guardiola having previously suggested some players could leave. Kyle Walker and Jack Grealish, who were not involved in the United States, have been the subject of the most speculation. Guardiola said: 'We will see with the club, we will talk to the players as well. The players are really good but the season will be so long, so many things can happen. That is the reality, that is the truth.' Rodri (left) came off the bench against Al-Hilal but did not complete extra time (Phelan Ebenhack/AP) Rodri, who was being eased back into action after missing most of the 2024-25 campaign, came off the bench against Al-Hilal only to be substituted in extra time. John Stones, after another injury-hit campaign, did not make an appearance in the tournament. Advertisement Guardiola said: 'We have to see how Rodri is. He was good but later complained about his situation. 'We have to wait for players to come back. I'm so sorry for John, not to give him minutes, but the game was so demanding. 'I did not want (a setback) after being four or five months out.'

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