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Ashton Ryan, former President and CEO of First NBC Bank, indicted

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Ashton Ryan, former President and CEO of First NBC Bank, indicted


A major indictment in the First NBC Bank fraud case.Former president and CEO Ashton Ryan has been indicted by the federal government.The charges are conspiracy to commit bank fraud and bank fraud.The bank collapsed in 2017 and since then Ryan has been the target of a federal probe.The indictment includes 46 counts.Here’s the press release from the U.S. Attorney’s Office in New Orleans:The United States Attorney’s Office announced that a grand jury indicted ASHTON J. RYAN, age 72, of Kenner; WILLIAM BURNELL, age 70, of Kenner; ROBERT BRAD CALLOWAY, age 60, of Metairie; and FRANK J. ADOLPH, age 60, of Kenner, for defrauding First NBC Bank, the New Orleans-based bank that failed in April 2017. According to the 46-count Indictment, from 2006 through April 2017, RYAN, BURNELL, CALLOWAY, and ADOLPH conspired to defraud First NBC Bank (the “Bank”) through a variety of schemes. RYAN was the President and CEO of the Bank for most of its existence. BURNELL was the Chief Credit Officer. CALLOWAY was an Executive Vice President. ADOLPH was a borrower at the Bank who was charged with conspiring with the three Bank executives to obtain loans based on false statements and forged documents. The Indictment alleges that RYAN, BURNELL, CALLOWAY, ADOLPH, and others conspired to defraud First NBC Bank by disguising the true financial status of certain borrowers and their troubled loans, concealing the true financial condition of the Bank from the Board, auditors, and examiners. The borrowers included real estate developer Gary Gibbs, real estate developer Kenneth Charity, Bank general counsel Gregory St. Angelo, factoring business owner FRANKADOLPH, hotel owner Arvind “Mike” Vira, contractor Warren Treme, and contractor Jeffrey Dunlap. CALLOWAY was Gibbs’s loan officer, and RYAN served as the loan officer or oversaw the loan officers for all of those borrowers. BURNELL approved the risk rating for all of these borrowers’ loans and was the gatekeeper tasked with protecting the safety and soundness of the Bank’s loan portfolio. Dunlap, Charity, and St. Angelo have previously been charged in individual Bills of Information with conspiracy to commit bank fraud, and all three have pled guilty. Vira, Gibbs, and Treme have been charged more recently, in their own individual Bills of Information, with conspiring to defraud First NBC Bank. All six of these borrowers are listed in the Indictment as members of the bank fraud conspiracy with RYAN, BURNELL, CALLOWAY, and ADOLPH. During the course of the conspiracy, RYAN, BURNELL, and CALLOWAY repeatedly extended loans to borrowers who were unable to pay their loans without relying on loan payments to keep them current. To hide this practice, RYAN, BURNELL, and CALLOWAY made false statements in loan documents and elsewhere about the purposes of loans, the borrowers’ abilities to repay those loans, and the sources of funds used to pay those loans. When the borrowers were unable to pay those loans, RYAN, BURNELL, and CALLOWAY made new loans to these same borrowers and then used the proceeds from those new loans to pay the existing loans. This created the false impression that the borrowers were able to pay their loans, when in fact they would not have been able to pay their loans without going further into debt through new borrowing from the Bank. The new loans prevented these borrowers from appearing on lists that RYANand BURNELL gave the Bank’s Board each month, which would have highlighted that the borrowers were unable to make loan payments or had cash flow problems. RYAN, BURNELL, and CALLOWAY also made false statements about the purpose of those loans, misrepresenting in Bank documents that the borrowers were able to pay loans with cash generated from the borrowers’ businesses, when in fact the borrowers were only able to pay those loans with proceeds from new Bank loans. The borrowers often spent the proceeds of these business loans on unrelated personal expenses, including by overdrawing their checking accounts at the Bank, and RYAN, BURNELL, and CALLOWAY paid these overdrafts by issuing new loans to the borrowers. This practice kept the borrowers off of month-end overdraft reports to the Board and hid the borrowers’ inability to pay their own expenses without new loan proceeds. For certain loans, RYAN, BURNELL, and CALLOWAY included borrower documents in loan files despite knowing that the documents were false. For example, even after RYAN and BURNELL learned that ADOLPH was submitting falsified documents to the Bank to inflate his collateral, RYAN and BURNELL continued to submit loans for ADOLPH that included the false documents. Similarly, even though RYAN, BURNELL, and CALLOWAY knew that Gibbs could not pay his loans with cash generated from his businesses, they continued to submit loan documents that included false documents showing that Gibbs’s business earned enough cash to pay his loans at the Bank. When members of the Board or the Bank’s outside auditors or examiners asked about loans to these borrowers, RYAN, BURNELL, and CALLOWAY made false statements about the borrowers and their loans, and left out the truth about the borrowers’ inability to pay their debts without getting new loans. As a result, the balance on these borrowers’ loans continued to grow. By the time regulators closed First NBC Bank in April of 2017, Gibbs owed the Bank $123 million; Charity owed $18 million; St. Angelo owed $46 million; ADOLPH owed $6 million; Vira owed $39 million; Treme owed $6 million; and Dunlap owed $22 million. The Bank’s failure cost the Federal Deposit Insurance Corporation deposit insurance fund just under $1 billion. RYAN, BURNELL, and CALLOWAY each received millions of dollars in compensation from the Bank during the course of the conspiracy. RYAN also received personal benefits from three of the borrower relationships. Vira lent millions of dollars to RYAN at the same time Vira was a borrower at the Bank, and RYAN and Vira conspired to hide their business dealings from the Board, auditors, and examiners. Treme was RYAN’s partner in several businesses and real estate development projects, and RYAN used Treme’s borrowing from the Bank as a way to spend Bank loan proceeds on RYAN’s own projects. Even when parts of RYAN’s business dealings with Vira and Treme were revealed to regulators, RYAN continued to conceal from regulators that he exercised authority over loans to Vira and Treme. Dunlap was a contractor for a business that RYAN and Treme ran, and RYAN used loan proceeds from Dunlap’s business to benefit his own development project, Wadsworth Estates. RYAN never disclosed his business relationship with Dunlap to the Board, auditors, or examiners. BURNELL was aware of this business relationship and also never disclosed it to the Board, auditors, or examiners.“Along with our partners, the FBI has dedicated significant time and resources toward investigating the failure of First NBC Bank, which resulted in nearly a billion dollar loss to the FDIC,” stated FBI New Orleans Special Agent in Charge Bryan Vorndran. “This should be a deterrent for others interested in participating in fraudulent schemes that affect our financial system.”“Today’s indictment sends a clear message that bank executives who engage in fraud that impacts the safety and soundness of financial institutions will be held accountable for their actions,” said Stephen Donnelly, Acting Special Agent in Charge, Eastern Region, Office of Inspector General for the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.“This indictment is the product of a complex investigation involving multiple agencies over a long period,” said Laurie Younger, Special Agent in Charge, Dallas Region, Office of Inspector General for the Federal Deposit Insurance Corporation. “It sends an important message to those who would attempt to unlawfully manipulate the nation’s banking system.”RYAN, BURNELL, CALLOWAY, and ADOLPH are each charged in Count 1 of the Indictment with conspiracy to commit bank fraud, in violation of Title 18, United States Code, Sections 1344 and 1349. RYAN, BURNELL, CALLOWAY, and ADOLPH are also charged with multiple instances of bank fraud, as listed in Counts 2 through 37, in violation of Title 18, United States Code, Section 1344. RYAN, BURNELL, and CALLOWAYare charged with making false entries in bank records, in violation of Title 18, United States Code, Section 1005, as listed in Counts 38 through 46. For each of the charged counts, the maximum penalties that may be imposed upon conviction are thirty years in prison; a fine of $1,000,000, or the greater of twice the gain to a defendant or twice the loss to any victim; up to five years of supervised release; and a $100 mandatory special assessment.The United States Attorney’s Office stated that an Indictment is merely an accusation and that the guilt of the defendants must be proven beyond a reasonable doubt.This case is being investigated by the Federal Bureau of Investigation; the Federal Deposit Insurance Corporation, Office of Inspector General; and the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Office of Inspector General. Assistant U.S. Attorneys Sharan E. Lieberman, Matthew R. Payne, Nicholas D. Moses, and J. Ryan McLaren are in charge of the prosecution.

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A major indictment in the First NBC Bank fraud case.

Former president and CEO Ashton Ryan has been indicted by the federal government.

The charges are conspiracy to commit bank fraud and bank fraud.

The bank collapsed in 2017 and since then Ryan has been the target of a federal probe.

The indictment includes 46 counts.

Here’s the press release from the U.S. Attorney’s Office in New Orleans:

The United States Attorney’s Office announced that a grand jury indicted ASHTON J. RYAN, age 72, of Kenner; WILLIAM BURNELL, age 70, of Kenner; ROBERT BRAD CALLOWAY, age 60, of Metairie; and FRANK J. ADOLPH, age 60, of Kenner, for defrauding First NBC Bank, the New Orleans-based bank that failed in April 2017.

According to the 46-count Indictment, from 2006 through April 2017, RYAN, BURNELL, CALLOWAY, and ADOLPH conspired to defraud First NBC Bank (the “Bank”) through a variety of schemes. RYAN was the President and CEO of the Bank for most of its existence. BURNELL was the Chief Credit Officer. CALLOWAY was an Executive Vice President. ADOLPH was a borrower at the Bank who was charged with conspiring with the three Bank executives to obtain loans based on false statements and forged documents.

The Indictment alleges that RYAN, BURNELL, CALLOWAY, ADOLPH, and others conspired to defraud First NBC Bank by disguising the true financial status of certain borrowers and their troubled loans, concealing the true financial condition of the Bank from the Board, auditors, and examiners. The borrowers included real estate developer Gary Gibbs, real estate developer Kenneth Charity, Bank general counsel Gregory St. Angelo, factoring business owner FRANKADOLPH, hotel owner Arvind “Mike” Vira, contractor Warren Treme, and contractor Jeffrey Dunlap. CALLOWAY was Gibbs’s loan officer, and RYAN served as the loan officer or oversaw the loan officers for all of those borrowers. BURNELL approved the risk rating for all of these borrowers’ loans and was the gatekeeper tasked with protecting the safety and soundness of the Bank’s loan portfolio. Dunlap, Charity, and St. Angelo have previously been charged in individual Bills of Information with conspiracy to commit bank fraud, and all three have pled guilty. Vira, Gibbs, and Treme have been charged more recently, in their own individual Bills of Information, with conspiring to defraud First NBC Bank. All six of these borrowers are listed in the Indictment as members of the bank fraud conspiracy with RYAN, BURNELL, CALLOWAY, and ADOLPH.

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During the course of the conspiracy, RYAN, BURNELL, and CALLOWAY repeatedly extended loans to borrowers who were unable to pay their loans without relying on loan payments to keep them current. To hide this practice, RYAN, BURNELL, and CALLOWAY made false statements in loan documents and elsewhere about the purposes of loans, the borrowers’ abilities to repay those loans, and the sources of funds used to pay those loans. When the borrowers were unable to pay those loans, RYAN, BURNELL, and CALLOWAY made new loans to these same borrowers and then used the proceeds from those new loans to pay the existing loans. This created the false impression that the borrowers were able to pay their loans, when in fact they would not have been able to pay their loans without going further into debt through new borrowing from the Bank. The new loans prevented these borrowers from appearing on lists that RYANand BURNELL gave the Bank’s Board each month, which would have highlighted that the borrowers were unable to make loan payments or had cash flow problems. RYAN, BURNELL, and CALLOWAY also made false statements about the purpose of those loans, misrepresenting in Bank documents that the borrowers were able to pay loans with cash generated from the borrowers’ businesses, when in fact the borrowers were only able to pay those loans with proceeds from new Bank loans. The borrowers often spent the proceeds of these business loans on unrelated personal expenses, including by overdrawing their checking accounts at the Bank, and RYAN, BURNELL, and CALLOWAY paid these overdrafts by issuing new loans to the borrowers. This practice kept the borrowers off of month-end overdraft reports to the Board and hid the borrowers’ inability to pay their own expenses without new loan proceeds.

For certain loans, RYAN, BURNELL, and CALLOWAY included borrower documents in loan files despite knowing that the documents were false. For example, even after RYAN and BURNELL learned that ADOLPH was submitting falsified documents to the Bank to inflate his collateral, RYAN and BURNELL continued to submit loans for ADOLPH that included the false documents. Similarly, even though RYAN, BURNELL, and CALLOWAY knew that Gibbs could not pay his loans with cash generated from his businesses, they continued to submit loan documents that included false documents showing that Gibbs’s business earned enough cash to pay his loans at the Bank.

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When members of the Board or the Bank’s outside auditors or examiners asked about loans to these borrowers, RYAN, BURNELL, and CALLOWAY made false statements about the borrowers and their loans, and left out the truth about the borrowers’ inability to pay their debts without getting new loans. As a result, the balance on these borrowers’ loans continued to grow. By the time regulators closed First NBC Bank in April of 2017, Gibbs owed the Bank $123 million; Charity owed $18 million; St. Angelo owed $46 million; ADOLPH owed $6 million; Vira owed $39 million; Treme owed $6 million; and Dunlap owed $22 million. The Bank’s failure cost the Federal Deposit Insurance Corporation deposit insurance fund just under $1 billion.

RYAN, BURNELL, and CALLOWAY each received millions of dollars in compensation from the Bank during the course of the conspiracy. RYAN also received personal benefits from three of the borrower relationships. Vira lent millions of dollars to RYAN at the same time Vira was a borrower at the Bank, and RYAN and Vira conspired to hide their business dealings from the Board, auditors, and examiners. Treme was RYAN’s partner in several businesses and real estate development projects, and RYAN used Treme’s borrowing from the Bank as a way to spend Bank loan proceeds on RYAN’s own projects. Even when parts of RYAN’s business dealings with Vira and Treme were revealed to regulators, RYAN continued to conceal from regulators that he exercised authority over loans to Vira and Treme. Dunlap was a contractor for a business that RYAN and Treme ran, and RYAN used loan proceeds from Dunlap’s business to benefit his own development project, Wadsworth Estates. RYAN never disclosed his business relationship with Dunlap to the Board, auditors, or examiners. BURNELL was aware of this business relationship and also never disclosed it to the Board, auditors, or examiners.

“Along with our partners, the FBI has dedicated significant time and resources toward investigating the failure of First NBC Bank, which resulted in nearly a billion dollar loss to the FDIC,” stated FBI New Orleans Special Agent in Charge Bryan Vorndran. “This should be a deterrent for others interested in participating in fraudulent schemes that affect our financial system.”

“Today’s indictment sends a clear message that bank executives who engage in fraud that impacts the safety and soundness of financial institutions will be held accountable for their actions,” said Stephen Donnelly, Acting Special Agent in Charge, Eastern Region, Office of Inspector General for the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.

“This indictment is the product of a complex investigation involving multiple agencies over a long period,” said Laurie Younger, Special Agent in Charge, Dallas Region, Office of Inspector General for the Federal Deposit Insurance Corporation. “It sends an important message to those who would attempt to unlawfully manipulate the nation’s banking system.”

RYAN, BURNELL, CALLOWAY, and ADOLPH are each charged in Count 1 of the Indictment with conspiracy to commit bank fraud, in violation of Title 18, United States Code, Sections 1344 and 1349. RYAN, BURNELL, CALLOWAY, and ADOLPH are also charged with multiple instances of bank fraud, as listed in Counts 2 through 37, in violation of Title 18, United States Code, Section 1344. RYAN, BURNELL, and CALLOWAYare charged with making false entries in bank records, in violation of Title 18, United States Code, Section 1005, as listed in Counts 38 through 46. For each of the charged counts, the maximum penalties that may be imposed upon conviction are thirty years in prison; a fine of $1,000,000, or the greater of twice the gain to a defendant or twice the loss to any victim; up to five years of supervised release; and a $100 mandatory special assessment.

The United States Attorney’s Office stated that an Indictment is merely an accusation and that the guilt of the defendants must be proven beyond a reasonable doubt.

This case is being investigated by the Federal Bureau of Investigation; the Federal Deposit Insurance Corporation, Office of Inspector General; and the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Office of Inspector General. Assistant U.S. Attorneys Sharan E. Lieberman, Matthew R. Payne, Nicholas D. Moses, and J. Ryan McLaren are in charge of the prosecution.

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Study points to need for ‘structural cultural change’ in Portuguese sport – DNOTICIAS.PT

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Study points to need for 'structural cultural change' in Portuguese sport - DNOTICIAS.PT

The Portuguese sports sector is in need of a “structural cultural change”, according to a study commissioned by PricewaterhouseCoopers commissioned by the Portuguese Olympic Committee (COP), the Portuguese Paralympic Committee (CPP) and the Portuguese Sports Confederation (CDP).

The second part of this report, published today, on the state of the sector in Portugal compared to other European countries and after the covid-19 pandemic, speaks of the desire to “carry out structural cultural changes”, towards a “society that recognizes the social and economic importance of sport and regularly engages in physical and sports activities.

In particular, the problems of the Portuguese sports system are numerous and have several “long-standing structural vulnerabilities”.

A “poor funding structure” with underfunding and heavy reliance on the public sector “by local authorities”, as well as the “short” cost of the central government and gambling, betting operators and other arrangements, exposes the sector to difficulties.

Other weaknesses range from low levels of professionalism to “alarming levels of participation in sports” with historic lows without effective government action, with disinterest “particularly among women, ethnic minorities, people with disabilities and the elderly”, in addition to “levels of concern about physical motor illiteracy among children.

Other cited factors are “weak awareness of innovation in sport” and issues of ethics and integrity, as well as “various scandals involving corruption, match-fixing, organized violence and money laundering”.

“In short, the structural deficiencies of Portuguese sport reflect a general lack of sports culture in society. Portuguese sport has deep structural problems that ultimately affect the public’s perception of sport. the socio-economic impact of sports, while, on the other hand, sports organizations have shown a limited ability to respond to challenges due to their low level of professionalism.

Despite the difficulties, the report notes a “positive evolution” in recent decades “with increased national adoption of sport thanks to factors such as regulatory reforms and investment in infrastructure”, but still far from the European average in most countries. indicators.

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“Portuguese governments have failed to place sport on the political agenda and enhance its socio-economic impact, which goes far beyond health benefits,” the summary says.

Thus, the alarming situation shown in the report calls for leading “cultural change and engaging the entire society in recognizing the importance of sport at all levels.”

“[Para isso] sports system partners should improve their strategic alignment and take concerted action,” the report notes.

By identifying six priority areas, which are themselves divided into more than a dozen recommendations, a “comprehensive end-to-end catalyst” is required, which includes, among other things, the development of a National Sports Strategy.

This should “connect all its aspects, improving coordination among stakeholders and enhancing its relevance to the political agenda”, promoting a sector that should be “sustainable” and whose decisions are based on evidence.

Increasing the funding channeled to the sector, with the link between “government funding and sporting success”, reducing bureaucracy and efficient resource management are the consultant’s comments in this area.

Professionalizing the sector, sustainability, increasing physical activity, promoting sports in the education system and in the social inclusion system, promoting the digital transition and linking with the scientific and academic sector are other recommendations, also keeping in mind the issues of social responsibility and honesty.

The first part of the study, presented in July 2021, noted the loss of 16,000 jobs, 3,100 clubs and 595 million euros in this sector due to the impact of the covid-19 pandemic, with a decrease in the number of practitioners by 110,000, with only partially compensate for the damage.

The President of the Constitutional Court calls for a change in the state policy on sports

The President of the Portuguese Olympic Committee (COP) asks in an interview with Lusa to change the paradigm of public policy and investment in sports in the country in order to counter the “unfavorable situation” in this sector.

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José Manuel Constantino spoke to Lusa about the second part of a study commissioned by COP, the Portuguese Paralympic Committee (CPP) and the Portuguese Sports Confederation (CdP), on the state of the industry in Portugal compared to other European countries and after the covid-19 pandemic.

“[O estudo é] confirmation that there is a huge imbalance in the amount of public investment in sport between what is practiced in Portugal and what is predicted in most of the European countries in which the comparative study was carried out,” he emphasizes.

According to the director, this “more comprehensive and in-depth work” in the second part by PricewaterhouseCoopers “clearly reflects the underfunding from a public point of view that the sports sector in Portugal has.”

“The study gives a picture of the situation and offers a number of suggestions on how we can restore the distance we have with most European countries. This will, of course, depend on public policy. […] This is a challenge to public policy,” he adds.

Moreover, the SC is ready to continue to submit proposals to the country, in particular “those who are responsible for governance”, and to cooperate in the search for a new strategy and path for the development of national sports.

Among the topics that José Manuel Constantino lists for “increasing the degree of competitiveness not only externally but also internally” are expanding the base of practitioners and strengthening the associative fabric, among other things, to “implement reforms in the sports system that can help it grow and develop” .

“When we say that a strategy is needed, we are not talking about a special plan, special plans that we had in the past, and, unfortunately, they are in the drawers of departments. In terms of path. We are fully prepared to continue cooperation,” he notes.

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From political power, he hopes that she will look at the study presented today and “make an assessment that she understands and can extract some consequences”, because “it is not enough to do more of the same, we need to do more and differently.” “.

“This is what the study points to and suggests. […] This is not about maintaining the line of succession, but about changing it, and if we want a significant leap, as envisaged in the government’s program, then in 10 years to bring Portugal into the 15 most active European countries in terms of sports,” he comments.

The Portuguese sports sector is in need of a “structural cultural change”, according to the second part of the report released today.

The document emphasizes the desire to “carry out structural cultural changes” towards “a society that recognizes the social and economic importance of sport and regularly engages in physical and sporting activities.”

In particular, the problems of the Portuguese sports system are numerous and have several “long-standing structural vulnerabilities”.

A “poor funding structure” with underfunding and heavy reliance on the public sector “by local authorities”, as well as the “short” cost of the central government and gambling, betting operators and other arrangements, exposes the sector to difficulties.

Thus, the alarming situation referred to in the report calls for leading “cultural change and engaging the entire society in recognizing the importance of sport at all levels.”

Increasing funding directed to this sector, with a link between “government funding and sporting success”, reducing bureaucracy and efficient resource management are some of the consultant’s comments in this area.

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Portuguese newspaper highlights Botafogo’s ‘desire’ for Cristiano Ronaldo after Rafael’s interview

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Portuguese newspaper highlights Botafogo's 'desire' for Cristiano Ronaldo after Rafael's interview

Botafogo

During an interview with the podcast, the side talked about the possibility of hiring an ace, since after the arrival of Textor, the purchasing power of the team has become higher.

Portuguese newspaper highlights Cristiano Ronaldo's 'desire' Botafogo
© Photo: Bryn Lennon / TeamPortuguese newspaper highlights Cristiano Ronaldo’s ‘desire’ Botafogo

During the podcast interview ‘Sports club “Flow”‘, right back Raphael joked about the possibility Cristiano Ronaldo play for Botafogo next season. This statement caused a resonance in Portugal. sports newspaper of the country, ‘A Bola‘, associated the name CR7 with Glorioso.

The report had the following title “Cristiano Ronaldo wants to… Botafogo‘. However, from the article it becomes clear that this was nothing more than a joke on the part of the alvinegro player. OUR portuguese portalalso emphasizes that the persistence of the player in Manchester United for the next season, something is considered uncertain.

In social networks Raphael amused by the headline in the newspaper and joked aboutpossibility‘, which is clear from the title of the article. “You will become the bench of Erison and Matheus (Nascimento), there is no way”, wrote Raphael o’Twitter‘. The party also talked about donating the number 7 shirt to the player. Cristiano Ronaldo. “Not for him, he’s out of shape.”

Raphael was a clubmate Cristiano Ronaldo the first time the player passes through Manchester United. The contract of the 37-year-old Portuguese with the English club runs until June 2023. This season, he has scored 24 goals in 38 games played, in addition to three assists.

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Portugal’s Alexandre Santos returns the title to Petro de Luanda

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Portugal's Alexandre Santos returns the title to Petro de Luanda

Quinito in the 34th minute, Thiago Azulau in the 60th minute and Ito in the 76th minute scored the goals that secured Pétro de Luanda’s 16th title and Alexandre Santos’ first title in Angola. Working Patience at 90+4 reduced the disadvantage.

Petro de Luanda won his last title in 2009 under Portuguese coach Bernardino Pedroto.

New champions Angola scored 68 points ahead of Sagrada Esperanza in second place with 59 points.

Progresso do Sambizanga with 18 points in 14th place, Kabuscorp do Palanca with 14 in 15th place and Sporting de Benguela with nine points in last place can no longer remain in the Angolan First Division. football.

Sagrada Esperanza’s Depu tops Girabola’s top scorers with 19 goals, followed by Thiago Azulao of Petro de Luanda with 17 goals.

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