Archive January 27, 2026

George Moghalu Resigns From Labour Party


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Former Labour Party governorship candidate in Anambra State, George Moghalu, has resigned his membership of the party.

Moghalu announced his resignation in a letter shared on his X handle on Tuesday.

In the letter, dated January 26, 2026 and  addressed to the Chairman of Ward 1, Labour Party, Uruagu, Nnewi, Moghalu said his decision took immediate effect.

“I bring you the good wishes of my family and to formally inform you of my resignation from the Labour Party, effective today, the 26th of January, 2026,” the letter read.

He thanked the party for the opportunity to contest the 2025 Anambra State governorship election on its platform.

READ ALSO: Anambra Election: Why I Lost In My Polling Unit – LP Candidate

Moghalu also requested that his regards be conveyed to party members, signing off the letter as “Ohamadike Na Nnewi.”

Before joining the Labour Party in October 2024, Moghalu was a chieftain of the All Progressives Congress (APC), where he served as National Auditor.

The former Managing Director of the National Inland Waterways Authority (NIWA), a position he held between 2019 and 2023, resigned from the APC in August 2024. He cited personal reasons and the need for a “better platform” to pursue his governorship ambition.

Moghalu later secured the Labour Party governorship ticket in April 2025 ahead of the Anambra State governorship election.

However, in the November 8, 2025, election, Chukwuma Soludo of the All Progressives Grand Alliance (APGA), defeated him and others to pick a return ticket as Anambra governor.

Benfica’s Jose to kill Real with love, says Madrid boss ‘like his child’


Benfica coach Jose Mourinho said his Real Madrid counterpart, Alvaro Arbeloa, was like a child to him, in the run-up to their Champions League meeting in the final round of league phase matches.

The veteran Portuguese manager, known for his fiery temper and fierce tongue, coached Arbeloa at Madrid during his time at the helm of Los Blancos between 2010-2013, and had a strong relationship with the former defender in a dressing room that was splintering.

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After a comment from Mourinho last week about being “surprised” when inexperienced managers lead big European clubs was viewed as a dig at new Madrid coach Arbeloa, he said he would never try to make life hard for his former charge.

Former Inter Milan coach Mourinho said in Italy that his words were also being taken as criticism of the appointment of Cristian Chivu at the Serie A side last year.

“There is one problem – both Chivu and Arbeloa are my children, they are not just ex-players of mine, but they are special,” Mourinho told a news conference on Tuesday.

“Speaking about Alvaro, I would say that he is one of the players – from a human point of view, from a personal point of view, and personal empathy – he is one of my favourites of them all.

“Obviously, he is not the best player who has played for Real Madrid, but he is certainly one of the best men who has played for me at Real Madrid.”

Mourinho said he was surprised when he himself was offered the chance to lead Benfica at the beginning of his coaching career in 2000, so his words could not be taken as an insult.

“The last thing I would do would be to put pressure on him,” explained the 63-year-old. “I want everything to go well for him, and for him to have a fantastic career as a coach.”

Mourinho said he had not spoken to Arbeloa since the 43-year-old replaced Xabi Alonso at the helm, but that there was no need to.

“My telephone number is very complicated, because there’s only the club’s number, and after that, only my family has it, and then my other phone is always changing, changing, changing,” explained Mourinho.

“People lose my contact, and I lose theirs too, and with Alvaro, it’s not necessary to have a call to say ‘good luck’, he knows it.

“In the same way that I [want Real Madrid to win games], Alvaro wants to beat Benfica, but then after that, he hopes Benfica always win, that’s for sure — no call is necessary.”

Mourinho admitted he could not speak for Arbeloa’s quality as a coach yet because he had not watched Madrid’s reserves or youth teams play.

“I cannot analyse him as a coach because I do not know him,” said Mourinho.

“I’ve only seen results, not followed with my own eyes the trajectory of the youngsters at Madrid.

“I have no advice to give him. The only thing that is important for me is that he is happy, that he likes it, because coaching these days is a very difficult mission.”

The GAA Social meets All-Ireland winner Danny Quinn

On this week’s GAA Social podcast, Thomas and Oisin catch up with Danny Quinn, an All-Ireland winner with Derry in 1993, whose life was turned upside down in May 2011 when his wife Catherine passed away at the age of 42.

Danny married Catherine in between the Oak Leafers’ Ulster final victory over Donegal and All-Ireland semi-final win over Dublin and they went on to have three children: Amy, Conor and Dara.

However, just weeks after Dara’s birth, Catherine became unwell with Quinn accepting “life went down a different path” as it was discovered she had pulmonary hypertension – a terminal lung disorder only treatable by transplant.

Despite a donor being found, a double transplant at Royal Papworth Hospital in England was unsuccessful, leaving the husband and wife to return home on the eve of Christmas to break the news to their children.

“That was some kick in the teeth,” Quinn, Principal of Anahorish Primary School, told the podcast.

Danny and Catherine Quinn on their wedding dayDanny Quinn

Following his wife’s passing, the Bellaghy native found comfort through his work, friends, family, GAA club and community.

There were challenges along the way as Quinn’s life, once dominated by Gaelic football, was now centred around raising his children and mastering the domestic tasks at home, but the can-do attitude Catherine lived by is carried on by Quinn, who says he was “very lucky to meet Catherine and I’m a better person to have met her”.

“This has not been easy. A mother going home to tell three children she is going to die is not easy. Sitting down to explain it hasn’t gone well is the worst experience of your life, but we came out the other side of it.

“It’s not a great experience and not one I want anyone to have to deal with, but it forms your character and makes you who you are. Life is to be enjoyed, so get out there and get on with it – that was Catherine’s attitude to it.

“Catherine never felt sorry for herself, just said it was one of the challenges you get and that’s how she was throughout the illness.

“What I’ve learned from this is the importance of life.”

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Brighton reject Dunk approach – Wednesday’s gossip

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Brighton have turned down an approach from Nottingham Forest for Lewis Dunk, Chelsea consider Cole Palmer to be “untouchable” and Raheem Sterling is expected to leave the Stamford Bridge club.

Brighton have turned down an approach from Nottingham Forest for 34-year-old England defender Lewis Dunk. (Sky Sports)

Chelsea consider playmaker Cole Palmer, 23, “untouchable” amid links with Manchester United and regard the England international, who is contracted until 2033, a key player in the club’s future. (Sky Sports)

But Chelsea forward Raheem Sterling is expected to leave before the winter transfer window closes, with both parties in talks about securing an exit for the 31-year-old former England international. (Fabrizio Romano)

West Ham are looking at loan deals for Tottenham‘s Czech keeper Antonin Kinsky, 22, and Chelsea‘s French defender Axel Disasi, 27, but the Hammers will have to send Brazilian defender Igor Julio, 27, back to Brighton to help make both deals happens. (Guardian)

The representatives of 29-year-old Manchester United keeper Andre Onana, who is on loan at Trabzonspor, have held talks about the Cameroon international returning to former club Inter Milan in the summer. (Mail)

Wolves are in talks to sign 25-year-old England midfielder Angel Gomes on loan from French club Marseille. (Talksport)

Auxerre striker Lassine Sinayoko is another target for Wolves, with Championship clubs Coventry City and Middlesbrough also interested in the 26-year-old Mali international. (Football Insider)

Burnley are in talks with West Ham over signing 31-year-old English midfielder James Ward-Prowse on loan. (Telegraph)

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Global brand in an EFL world – Wrexham’s £48m cash injection explained

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It has been a big week for Wrexham.

The club who have already made history with three successive promotions took a major step towards potentially their biggest jump yet when they moved into the Championship play-off places.

Premier League aspirations on the pitch have also been backed up in the boardroom after it was revealed recent investment has boosted finances by almost £50m.

That incoming money marks another milestone in a Disney-documented journey from non-league to the verge of elite status, with the investment deemed to be a nod to just how valuable an asset the north Wales club have become under Hollywood pair Ryan Reynolds and Rob Mac.

But where has the money come from, how does it compare to Wrexham’s rivals, and will financial fair play rules suddenly become an issue?

    • 31 March 2025
    • 7 August 2025

Is this the first time Wrexham have taken on such investment?

There has been big money involved in Wrexham before – but perhaps nothing quite on the level that is now being invested by Apollo Sports Capital (ASC), which is a US finance group.

How much is the club worth?

Reynolds and Mac – previously known as McElhenney – completed their takeover in February 2021 with a £2m investment.

Reports in the USA prior to the ASC deal suggested the club was being valued at £350m.

For comparison, reports suggested the December 2024 takeover at Sheffield United valued them at around £100m.

“Getting cash from investors is simply a function of acknowledgement from the investors that Wrexham Football Club is worth an awful lot of money in the current market,” says Kieran Maguire.

“When they bought it for £2m, they bought at the market price at the time, and they deserve an awful lot of credit for growing the brand.

Why is the club worth so much?

Former Wrexham player James McClean poses for a selfie with a fanGetty Images

The value hinges on the profile and the potential for more growth.

The Welcome to Wrexham documentary, screened around the world, brings in no revenue but acts as a huge marketing tool.

It has allowed the side’s popularity to skyrocket among football fans in North America, with every Wrexham game screened live in the USA last season.

A tour to Australia and New Zealand in the summer of 2025 brought sell-out crowds.

“Wrexham’s ability to generate money from commercial or sponsorship relationships with big hitters is very much part of the success story,” said Maguire.

“And it’s on the back of the success of Welcome to Wrexham, which is fantastic entertainment and independent of football.

“I think that’s where they have been very, very smart, that this is not a television programme about a football club, this is a television programme about people who happen to work with or support or have a stakeholder relationship with as far as the club is concerned.

Why aren’t they breaking FFP rules?

Because the EFL’s profit and sustainability rules are about trying to make sure clubs are not losing unsustainable amounts of money.

Despite going on a summer spending spree, paying about £30m for players and having one of the highest net spends around, Wrexham are well within the financial parameters because of the commercial revenue already being brought in thanks to deals with giants such as United Airlines and HP.

In League Two, they were already bringing in more than 20 of the 24 Championship clubs.

“Under the PSR rules, you’re allowed to lose £39m over three years,” said Maguire. “Looking at their two most recent sets of accounts, Wrexham lost around about £23m – but they’ve had substantial increases in broadcast revenue, from about £1.2m in TV money in League Two to about £12m this season.”

That is before taking into account a significant jump in sponsorship and commercial income, with chief executive Michael Williamson estimating they are already on a par with some top-flight clubs.

“We have a global brand, a Premier League brand in the Championship,” Williamson told Ben Foster’s Fozcast podcast in August 2025.

“What we don’t have is the broadcast revenue of Premier League clubs or the parachute payments.

Eric Allyn and Michael Williamson wearing dark suit jackets, open-necked white shirts and lanyardsGetty Images

What difference does the new money make?

Initial investment from the Hollywood owners helped push the club out of the National League, but the majority of the money that allowed Wrexham to outspend rivals in League Two and League One came from commercial income.

The personal wealth of Reynolds and Mac might be surpassed by many of the owners in the Championship, let alone the Premier League.

New investment has given the club access to greater funds, but it does not mean a transfer spree is ahead.

Wrexham would potentially be in breach of profit and sustainability rules (PSR) if £48m was suddenly spent simply on squad strengthening.

Instead, it is being seen as a way of also bringing the club up to speed with outlay on infrastructure, academy and women’s set-up not counted in PSR.

There is also the ongoing work to the new Kop Stand as well as future plans for the club’s stadium, with aims to expand and increase hospitality options.

What happens if they win promotion?

A new division would bring new rules – but also new riches.

“If Wrexham are promoted to the Premier League, then they will come under the umbrella of the new squad cost ratio, which effectively would allow Wrexham to only be allowed to spend 85% of their revenue on players,” said Maguire. “Because they’re coming from a fairly low base, Wrexham will have huge flexibility.

“They will also have commercial income which will – while probably still bottom half of the Premier League – still be higher than that of quite a few clubs.

“Their matchday income, given the capacity and the relative lack of hospitality boxes, won’t be particularly high, but their broadcast revenues will go from the £11m to £12m that they’re in receipt of this season to a minimum of £110m.

“I suspect it will be far higher than that because, from a broadcaster’s point of view, they will be an attractive proposition.

Is all of this sustainable?

Sustainability has been the aim of both of the A-listers, with Reynolds talking of a “multi-decade plan” at the time of the takeover.

The growing revenues suggest they are on course.

The owners also remain open to further investment, given their celebrity status does not bring with it the wealth of owners at some Premier League clubs.

But Reynolds and Mac maintain a significant majority stake, which Maguire says is key given the brand is still dependent on the involvement of the pair.

“If we take a look at the recent investments in Wrexham from fairly senior, very forensic-orientated investment houses, I’m pretty sure that there would have been some form of golden handcuffs,” Maguire said.

“Would the likes of Apollo put money into Wrexham Football Club had they not had cast-iron guarantees from Reynolds and McElhenney that they will be there for X years? And X is likely to be a significant number.”

Related topics

  • Welsh Football
  • Wrexham
  • Championship
  • Football

Global brand in an EFL world – Wrexham finances explained

  • 20 Comments

It has been a big week for Wrexham.

The club who have already made history with three successive promotions took a major step towards potentially their biggest jump yet when they moved into the Championship play-off places.

Premier League aspirations on the pitch have also been backed up in the boardroom after it was revealed recent investment has boosted finances by almost £50m.

That incoming money marks another milestone in a Disney-documented journey from non-league to the verge of elite status, with the investment deemed to be a nod to just how valuable an asset the north Wales club have become under Hollywood pair Ryan Reynolds and Rob Mac.

But where has the money come from, how does it compare to Wrexham’s rivals, and will financial fair play rules suddenly become an issue?

    • 31 March 2025
    • 7 August 2025

Is this the first time Wrexham have taken on such investment?

There has been big money involved in Wrexham before – but perhaps nothing quite on the level that is now being invested by Apollo Sports Capital (ASC), which is a US finance group.

How much is the club worth?

Reynolds and Mac – previously known as McElhenney – completed their takeover in February 2021 with a £2m investment.

Reports in the USA prior to the ASC deal suggested the club was being valued at £350m.

For comparison, reports suggested the December 2024 takeover at Sheffield United valued them at around £100m.

“Getting cash from investors is simply a function of acknowledgement from the investors that Wrexham Football Club is worth an awful lot of money in the current market,” says Kieran Maguire.

“When they bought it for £2m, they bought at the market price at the time, and they deserve an awful lot of credit for growing the brand.

Why is the club worth so much?

Former Wrexham player James McClean poses for a selfie with a fanGetty Images

The value hinges on the profile and the potential for more growth.

The Welcome to Wrexham documentary, screened around the world, brings in no revenue but acts as a huge marketing tool.

It has allowed the side’s popularity to skyrocket among football fans in North America, with every Wrexham game screened live in the USA last season.

A tour to Australia and New Zealand in the summer of 2025 brought sell-out crowds.

“Wrexham’s ability to generate money from commercial or sponsorship relationships with big hitters is very much part of the success story,” said Maguire.

“And it’s on the back of the success of Welcome to Wrexham, which is fantastic entertainment and independent of football.

“I think that’s where they have been very, very smart, that this is not a television programme about a football club, this is a television programme about people who happen to work with or support or have a stakeholder relationship with as far as the club is concerned.

Why aren’t they breaking FFP rules?

Because the EFL’s profit and sustainability rules are about trying to make sure clubs are not losing unsustainable amounts of money.

Despite going on a summer spending spree, paying about £30m for players and having one of the highest net spends around, Wrexham are well within the financial parameters because of the commercial revenue already being brought in thanks to deals with giants such as United Airlines and HP.

In League Two, they were already bringing in more than 20 of the 24 Championship clubs.

“Under the PSR rules, you’re allowed to lose £39m over three years,” said Maguire. “Looking at their two most recent sets of accounts, Wrexham lost around about £23m – but they’ve had substantial increases in broadcast revenue, from about £1.2m in TV money in League Two to about £12m this season.”

That is before taking into account a significant jump in sponsorship and commercial income, with chief executive Michael Williamson estimating they are already on a par with some top-flight clubs.

“We have a global brand, a Premier League brand in the Championship,” Williamson told Ben Foster’s Fozcast podcast in August 2025.

“What we don’t have is the broadcast revenue of Premier League clubs or the parachute payments.

Eric Allyn and Michael Williamson wearing dark suit jackets, open-necked white shirts and lanyardsGetty Images

What difference does the new money make?

Initial investment from the Hollywood owners helped push the club out of the National League, but the majority of the money that allowed Wrexham to outspend rivals in League Two and League One came from commercial income.

The personal wealth of Reynolds and Mac might be surpassed by many of the owners in the Championship, let alone the Premier League.

New investment has given the club access to greater funds, but it does not mean a transfer spree is ahead.

Wrexham would potentially be in breach of profit and sustainability rules (PSR) if £48m was suddenly spent simply on squad strengthening.

Instead, it is being seen as a way of also bringing the club up to speed with outlay on infrastructure, academy and women’s set-up not counted in PSR.

There is also the ongoing work to the new Kop Stand as well as future plans for the club’s stadium, with aims to expand and increase hospitality options.

What happens if they win promotion?

A new division would bring new rules – but also new riches.

“If Wrexham are promoted to the Premier League, then they will come under the umbrella of the new squad cost ratio, which effectively would allow Wrexham to only be allowed to spend 85% of their revenue on players,” said Maguire. “Because they’re coming from a fairly low base, Wrexham will have huge flexibility.

“They will also have commercial income which will – while probably still bottom half of the Premier League – still be higher than that of quite a few clubs.

“Their matchday income, given the capacity and the relative lack of hospitality boxes, won’t be particularly high, but their broadcast revenues will go from the £11m to £12m that they’re in receipt of this season to a minimum of £110m.

“I suspect it will be far higher than that because, from a broadcaster’s point of view, they will be an attractive proposition.

Is all of this sustainable?

Sustainability has been the aim of both of the A-listers, with Reynolds talking of a “multi-decade plan” at the time of the takeover.

The growing revenues suggest they are on course.

The owners also remain open to further investment, given their celebrity status does not bring with it the wealth of owners at some Premier League clubs.

But Reynolds and Mac maintain a significant majority stake, which Maguire says is key given the brand is still dependent on the involvement of the pair.

“If we take a look at the recent investments in Wrexham from fairly senior, very forensic-orientated investment houses, I’m pretty sure that there would have been some form of golden handcuffs,” Maguire said.

“Would the likes of Apollo put money into Wrexham Football Club had they not had cast-iron guarantees from Reynolds and McElhenney that they will be there for X years? And X is likely to be a significant number.”

Related topics

  • Welsh Football
  • Wrexham
  • Championship
  • Football