Shakespeare Café

Who would benefit from a potential Marseille exclusion from Europa League?

· Yahoo Sports

Who would benefit from a potential Marseille exclusion from Europa League?

Olympique de Marseille are at risk of exclusion from European football for next season. Back in 2022, OM came to an agreement with UEFA regarding financial fair play, which had not been respected. In meetings with authorities this week, the Ligue 1 club can – and will – highlight the drastic effect of the decline in TV rights revenue in French football. 

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UEFA won’t announce their decision until the end of the week, however, Marseille could face severe sanctions, up to and including expulsion from European competition for next season. Habib Beye’s side finished fifth in Ligue 1, ensuring their qualification for next season’s UEFA Europa League.

However, should OM be excluded from the competition by the authorities, it is AS Monaco and RC Strasbourg Alsace who would stand to benefit. It would see the Principality club bumped up from the UEFA Europa Conference League into the Europa League, whilst Le Racing, who missed out on all forms of European football, would take ASM’s UECL spot.

GFFN | Luke Entwistle

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FlySafair is cutting its fuel surcharge – here is by how much

· Citizen

FlySafair’s tickets will be coming down as the airline has decided to cut its additional fuel levy.

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After conflict broke out in the Middle East in late February, FlySafair introduced a dynamic fuel surcharge to mitigate against expected fluctuations in the price of oil.

From this week, the levy will drop by just over 40% from their March-highs on the routes between Johannesburg, Cape Town and Durban.

FlySafair on Wednesday said the cost and availability of A1 jet fuel had improved in recent weeks, allowing for “refining margins” related to jet fuel and crude oil prices.

“We’re encouraged to see some relief in jet fuel prices, and we’re pleased to be able to pass that benefit on to our customers,” said FlySafair chief marketing officer Kirby Gordon.

“When we introduced the surcharge, we committed to reviewing it weekly and reducing it as soon as conditions allowed,” Gordon said.

Oil price fluctuations

In the week before the United States killed Iran’s Ayatollah Ali Khamenei, the price of Brent crude sat at US$70 per barrel.

The oil price reached highs of $118 on 29 April and $109 on 15 May, before gradually easing to $88 at the time of writing.

“FlySafair committed to applying the surcharge as a clearly itemised line item, calculated by route to reflect actual fuel consumption and reviewed weekly as market conditions changed,” the airline said.

The airline’s levy added as much as R1 600 to a return trip between Johannesburg and Cape Town and will this week fall to just over R490 per one-way ticket.

However, the conflict in the Middle East is not over, with international news outlets reporting sporadic strikes across the Gulf and difficulties in agreeing a peace deal.

“Jet fuel prices remain linked to global oil markets and geopolitical developments, and FlySafair will continue to review the surcharge weekly and adjust it in line with underlying fuel costs,” the airline said.

How the fuel surcharge has fluctuated since being implemented. Source: FlySafair

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DOJ opens investigation into George Santos for insider trading on Kalshi

· Engadget

The recently-incarcerated former congressman George Santos allegedly placed bets on himself, then acted to ensure he won.

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