Finance

Adidas’ Financial Woes Continue as it Settles with Ex-Chief for Nearly €16mn

Published

3 years ago

March 8, 2023

Harry Williams

Adidas, the German multinational corporation known for its iconic three-stripe logo and sportswear apparel, has been making headlines lately – but not for reasons they would like. The company’s financial troubles have continued to mount with reports of a settlement made with their former CEO amounting to nearly €16mn. This setback is just one in a series of challenges Adidas has faced in recent years, leaving many wondering if this giant of the sports world can turn things around. Join us as we explore the latest news and what it means for the future of Adidas.

Adidas’ financial difficulties continue

Adidas’ financial difficulties continue as the company settles with its former chief executive for nearly €30 million. This is on top of the €4.3 billion that the company has already set aside to cover restructuring costs.

The settlement with Herbert Hainer is one of the largest ever paid by a German company to a former executive. It comes as Adidas struggles to turnaround its fortunes after a series of missteps in recent years.

The sportswear giant has been hit hard by the COVID-19 pandemic, with sales plummeting in the first quarter of 2020. The company has also been embroiled in a number of controversies, including allegations of racism and sexism.

Herbert Hainer was CEO of Adidas from 2001 to 2016, during which time he oversaw some of the company’s most successful periods. However, he was also criticized for some costly errors, such as the acquisition of Reebok.

The settlement with Hainer is likely to be just the latest in a string of financial challenges faced by Adidas. The company is facing difficult times ahead, but hopefully this settlement will help it put its past problems behind it and move forward.

Adidas settles with former chief for nearly €16mn

Adidas has agreed to settle with its former chief executive, Herbert Hainer, for nearly €16 million. The settlement comes as the company continues to struggle financially.

Hainer stepped down from his role as CEO in October 2015 after 15 years at the helm of Adidas. He was replaced by current CEO, Kasper Rorsted.

Under Hainer’s leadership, Adidas saw strong growth in sales and profits. However, the company has struggled in recent years, reporting a loss in 2016 and 2017.

Rorsted has undertaken a restructuring of the company in an effort to turnaround its fortunes. However, the company is still facing challenges, including intense competition from rivals Nike and Under Armour.

The reasons behind Adidas’ financial struggles

Adidas has been struggling financially in recent years, and it has now settled with its former chief executive for nearly €30 million. The company has been hit hard by the coronavirus pandemic, and its sales have declined significantly. Adidas’ financial woes began long before the pandemic, however. The company has been grappling with falling sales, rising costs, and a number of other issues.

Sales at Adidas have been declining for several years. In 2019, the company’s sales fell by 2% compared to the previous year. This decline was due to a number of factors, including competition from other sportswear companies, declining interest in physical activity, and the growth of online shopping. Adidas’ costs have also been rising in recent years. The company has been investing heavily in marketing and new product development, which has put pressure on its margins. In addition, labor costs have been rising in China, where most of Adidas’ products are manufactured.

The pandemic has exacerbated Adidas’ financial problems. The company’s stores have been closed for much of the year, and its sales have plummeted as a result. In the first half of 2020, Adidas’ sales fell by 43% compared to the same period last year. The company has cut jobs and costs in an effort to weather the storm, but it remains to be seen how long Adidas can continue to struggle.

What the future holds for Adidas

The future for Adidas is looking bleak as it settles with its former chief executive for nearly €1 million. The company has been struggling financially for some time, and this latest settlement is just another example of how Adidas is mismanaging its money.

Adidas has been in trouble for a while now, and its financial troubles have only gotten worse in recent years. In 2016, the company posted a loss of €340 million, and its sales have been declining since 2014. Adidas has been trying to turn things around by cutting costs and expanding into new markets, but so far these efforts have not been successful.

The company’s debt levels are also rising, and it now owes nearly €2 billion. With interest rates set to rise in the near future, Adidas’ debt problem is only going to get worse.

It is clear that Adidas is in a lot of trouble, and it is hard to see how the company will turn things around. Unless Adidas can start making some serious changes, it is likely that the company will continue to struggle financially in the years to come.

Author

Harry Williams

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Business

Small Businesses: Practical Ways to Raise Money Without Loans

Published

4 hours ago

March 6, 2026

rxiltreds

Operating a small business frequently necessitates consistent access to capital. Businesses need money to purchase inventory, pay employees, invest in equipment, or expand operations. Many companies turn to business loans for these needs. However, loans also come with interest payments, strict approval processes, and long-term repayment commitments.

For many small businesses, especially MSMEs, relying only on loans can create financial pressure. Repayments must be made regardless of whether business revenue is stable or not. During slow periods, this can become difficult to manage.

Because of these challenges, many business owners are now exploring ways to raise money for business without loan. These funding options help businesses maintain cash flow while avoiding the burden of debt. By using alternative funding methods, companies can support growth while keeping their financial structure more flexible.

Common Financial Challenges Small Businesses Face

Before exploring funding options, it is important to understand the financial challenges that small businesses commonly experience.

Limited Access to Bank Loans

Banks often require detailed documentation, strong credit history, and collateral before approving loans. Many small businesses struggle to meet these requirements, especially during their early stages.

Cash Flow Gaps Caused by Delayed Payments

Many businesses supply goods or services to larger companies that take 30 to 90 days to pay invoices. While waiting for payments, small businesses still need to cover daily expenses such as salaries, rent, and operational costs.

Difficulty Maintaining Working Capital

Working capital refers to the funds required for daily business activities. When payments are delayed or sales fluctuate, maintaining sufficient working capital can become challenging.

Pressure of Loan Repayments During Slow Business Periods

Businesses that rely heavily on loans must continue paying instalments even during periods of low sales. This repayment pressure can affect financial stability and slow business growth.

Understanding Ways to Raise Money for Business Without Loan

Before exploring specific funding options, it is useful to understand what non-loan business funding means.

What Non-Loan Business Funding Means

Non-loan funding refers to financial resources that businesses can access without taking traditional loans. These options help companies obtain working capital without committing to long-term debt.

Some funding methods involve using existing business assets, while others involve investors or partnerships.

How These Funding Methods Support Business Growth

Alternative funding options allow businesses to:

Maintain steady cash flow
Access funds quickly when needed
Avoid heavy interest payments
Reduce financial risk

These benefits help businesses focus on growth and operations instead of worrying about debt repayments.

When Businesses Should Consider Alternative Financing

Businesses often consider ways to raise money for business without loan when:

Cash flow becomes tight due to delayed payments
Banks reject loan applications
Businesses want to avoid increasing debt
Companies need quick access to working capital

Exploring these options early can help businesses avoid financial stress.

Practical Ways to Raise Money for Business Without Loan

Several funding options are available that allow businesses to raise funds without traditional borrowing.

Invoice Discounting for Faster Access to Receivables

Invoice discounting allows businesses to receive early payment against unpaid invoices. Instead of waiting for customers to pay after 30 to 90 days, companies can access funds based on those invoices.

This helps businesses maintain cash flow and continue operations without borrowing money.

Crowdfunding Platforms for Raising Business Capital

Crowdfunding involves raising money from a large number of individuals through online platforms. Businesses present their ideas or products, and people contribute small amounts of funding.

This method is commonly used by startups and innovative businesses.

Angel Investors and Private Investors

Angel investors provide capital to businesses in exchange for ownership or equity. These investors usually support businesses with strong growth potential.

Unlike loans, this funding does not require monthly repayments.

Trade Credit from Suppliers

Trade credit allows businesses to receive goods or materials from suppliers and pay for them later. This arrangement provides temporary financial flexibility and helps businesses manage working capital.

Strategic Business Partnerships

Some companies collaborate with partners to fund business activities. For example, a distributor may partner with a manufacturer to share costs and profits.

Such partnerships can reduce the need for external borrowing.

Revenue-Based Financing

Revenue-based financing allows businesses to receive funding in exchange for a percentage of future revenue. Payments are linked to sales performance rather than fixed instalments.

This can help businesses manage payments more comfortably.

Government Support and MSME Schemes

Numerous governments provide initiatives aimed at assisting small enterprises. These schemes may include:

Financial assistance
Credit support
Subsidies
Development programs

Businesses should stay informed about available MSME schemes that may provide financial support.

How Small Businesses Can Use Invoice Financing to Improve Cash Flow

One of the most practical solutions for businesses facing delayed payments is invoice financing.

How Invoice Financing Works

When a business issues an invoice to a customer, it normally waits until the payment due date. With invoice financing, the business can receive funds against that invoice earlier.

A financing platform or financial institution provides a percentage of the invoice value immediately.

Benefits for Businesses with Delayed Payments

Invoice financing can help businesses:

Access working capital faster
Continue operations smoothly
Reduce dependency on loans
Manage cash flow more effectively

This solution is particularly useful for businesses that work with large companies that take longer to process payments.

When This Funding Option Is Useful

Invoice financing is helpful when:

Businesses experience long payment cycles
Working capital needs increase
Companies want to avoid taking additional loans

It can be a practical option among the many ways to raise money for business without loan.

Advantages of Raising Business Funds Without Taking Loans

Using non-loan funding methods offers several benefits for small businesses.

No Long-Term Debt Burden

Without loans, businesses do not have to worry about long repayment schedules or accumulating interest.

Improved Cash Flow Management

Alternative funding options often provide quicker access to funds, which helps businesses maintain steady operations.

Greater Financial Flexibility

Businesses that avoid heavy debt have more flexibility in making financial decisions.

Lower Financial Risk During Business Downturns

If revenue declines temporarily, businesses without large loan repayments may find it easier to manage expenses.

How to Choose the Right Funding Option for Your Business

Not every funding option works for every business. Choosing the right method requires careful evaluation.

Consider the Stage of Your Business

Startups, growing companies, and established businesses may require different funding solutions.

Evaluate Funding Requirements

Businesses should clearly estimate how much capital they need and how long they will need it.

Understand the Cost of Funding

Even non-loan funding options may involve fees or revenue sharing. Businesses should understand the full cost before making decisions.

Assess Cash Flow Cycles

Companies with long payment cycles may benefit from funding methods such as invoice financing or trade credit.

Financial Practices That Help Businesses Grow Without Debt

Strong financial management practices help businesses reduce the need for borrowing.

Improving Cash Flow Management

Monitoring incoming and outgoing cash regularly helps businesses anticipate financial gaps before they occur.

Maintaining Strong Financial Records

Accurate financial records help businesses understand profitability and make better financial decisions.

Encouraging Faster Customer Payments

Businesses can offer small discounts for early payments or set clear payment terms to reduce delays.

Managing Operational Costs

Regular cost reviews help identify unnecessary expenses and improve financial efficiency.

These practices can support long-term growth without increasing debt.

Common Mistakes Businesses Make When Looking for Funding

When searching for funding, businesses sometimes make decisions that create financial problems later.

Depending Only on Bank Loans

Many businesses assume loans are the only available funding option. This can limit financial flexibility.

Ignoring Alternative Funding Options

Some businesses do not explore other ways to raise money for business without loan, which may be more suitable for their needs.

Poor Financial Planning

Without clear financial planning, businesses may borrow more than necessary or choose unsuitable funding methods.

Not Exploring Ways to Raise Money for Business Without Loan

Businesses that fail to explore alternative funding methods may miss opportunities to manage cash flow more effectively.

Conclusion

Funding is an important part of business growth, but it does not always have to involve loans. Many small businesses today are discovering practical ways to raise money for business without loan.

By exploring options such as invoice financing, trade credit, crowdfunding, partnerships, and investor support, businesses can access capital without increasing debt.

At the same time, improving financial management practices such as cash flow monitoring, cost control, and better payment management can help businesses maintain stability.

With the right funding strategy and careful financial planning, small businesses can grow sustainably while avoiding unnecessary financial pressure.

Author

rxiltreds

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Development

Financial Management in Saudi Arabia: Strategic Integration

Published

3 days ago

March 3, 2026

arthursilias

Saudi Arabia is currently navigating a definitive turning point in the world of financial management. As the Kingdom moves closer to the targets set by Vision 2030, the role of finance is undergoing a total metamorphosis. It is no longer enough for a finance department to simply handle bookkeeping, tax filings, and basic reporting. Instead, the modern finance function has become the strategic heartbeat of the enterprise. For local businesses, family-owned conglomerates, and global entities operating within the Kingdom, the challenge is now clear. They must balance strict regulatory compliance with the agility required to thrive in a high-velocity economy.

From the Back Office to the Strategic Command Center

Historically, finance was seen as a “gatekeeper” or a transactional support unit. However, in 2026, this perception has vanished. CFOs across Saudi Arabia are now positioned at the center of the decision-making process. They are expected to provide high-level guidance on investment planning, capital efficiency, and even pricing strategies.

This shift is particularly evident in booming sectors such as construction, healthcare, and renewable energy. In these industries, the finance team acts as a strategic command center. Rather than just reporting what happened last month, they use data to explain why it happened. They provide forward-looking insights that help CEOs pivot quickly when market conditions change. Consequently, the finance function has moved from being a cost center to a value-creation engine.

The Acceleration of Integrated Finance Intelligence

Digital transformation in the Kingdom has moved past the initial phase of “going paperless.” Today, the focus has shifted toward integrated finance intelligence. Many organizations have already migrated from fragmented spreadsheets to sophisticated ERP platforms. The next logical step, which we are seeing across the Saudi market, is the unification of data.

Finance data is now being connected to procurement, sales, HR, and supply chain logistics. This creates a “single source of truth” for the entire company. Furthermore, automation is taking over the repetitive aspects of accounts payable and bank reconciliations. This is not just about saving time; it is about precision. By removing human error from the equation, Saudi firms are significantly improving their audit readiness and management visibility. Teams that continue to rely on manual processes will find themselves unable to keep up with the rising transaction volumes of a growing economy.

Governance as a Competitive Advantage

Saudi Arabia’s business environment is becoming increasingly structured and transparent. This is a very positive signal for international investors. However, it also means that regulatory readiness is no longer an occasional project. Instead, it must be embedded into the daily DNA of the finance department.

For many businesses, governance maturity is now a competitive edge. Robust internal controls, documented policies, and disciplined reporting practices build trust with lenders and board members. In this context, proactive organizations are building “compliance-by-design” into their workflows. This ensures that every transaction is documented and every tax submission is timely. This level of discipline reduces risk and improves the company’s reputation in a market that rewards transparency.

Moving Beyond Static Budgets

The traditional annual budget is becoming obsolete in the face of rapid economic shifts. In a market as dynamic as Saudi Arabia, a budget created in January may be irrelevant by June. Therefore, finance teams are adopting more adaptive planning methods.

Static budgets are being replaced by rolling forecasts and driver-based planning. By using these modern tools, organizations can test multiple “what-if” scenarios. They can model the impact of cost inflation, funding changes, or project delays in real-time. This approach allows leadership to respond to market shifts with confidence rather than reacting under pressure. The future-ready finance team needs strong analytical skills to manage these complex simulations.

The Strategic Priority of Cash Flow and Liquidity

As Saudi businesses diversify and expand into new regions, managing cash flow has become a top-tier priority. Rapid growth often puts immense pressure on liquidity, especially in project-based industries with long payment cycles. As a result, companies that actively manage their working capital gain a massive operational advantage.

Future-focused financial management in KSA places a heavy emphasis on real-time cash visibility. Finance leaders are now expected to coordinate closely with sales and procurement teams to shorten the cash conversion cycle. Ultimately, boards are no longer just looking at accounting profits; they are assessing whether the finance function is preserving the liquidity needed to support sustainable scaling.

The Rise of ESG and Sustainability Reporting

Environmental, Social, and Governance (ESG) factors are now a core part of the finance agenda in Saudi Arabia. As the Kingdom aligns with global sustainability standards, finance teams are taking the lead in reporting non-financial data. Because finance professionals already understand control environments and reporting standards, they are uniquely positioned to manage ESG metrics.

This requires new frameworks for capturing data across various business units. Organizations that embrace sustainability reporting early will find it much easier to access international capital. Moreover, this alignment helps firms contribute more effectively to the Kingdom’s long-term national development goals.

Human Capital: The Need for Hybrid Skills

The workforce in the Saudi finance sector is changing. Technical accounting knowledge is still the foundation, but it is no longer enough on its own. Nowadays, employers are looking for finance professionals who possess “hybrid” skills.

They need people who can work with advanced data tools, communicate with non-financial stakeholders, and contribute to high-level strategy. Consequently, there is a massive push for upskilling in areas like financial analytics and digital systems. The most successful organizations in KSA will be those that redesign their finance roles to support speed and insight generation at scale.

AI as an Enhancer, Not a Replacement

Artificial Intelligence is playing an increasingly influential role in Saudi financial management. Its value lies in detecting anomalies, monitoring transactions, and improving the accuracy of forecasts. However, AI is not here to replace finance leadership.

Instead, the future is about “augmented decision-making.” AI can uncover patterns that are difficult for humans to see, but leadership judgment remains essential for interpreting those patterns. In the KSA context, the best results come when clean data and strong governance are combined with the intuition of skilled professionals.

Conclusion: Building a Resilient Finance Ecosystem

In conclusion, the future of financial management in Saudi Arabia is defined by integration. Finance is becoming more interconnected with tax, legal, procurement, and operations than ever before. Companies that continue to manage these functions in isolation will struggle with inconsistency and slow decision cycles.

Conversely, those that build digitally enabled, insight-driven finance functions will thrive. The next generation of financial management in the Kingdom will be measured not just by its efficiency, but by its ability to create measurable strategic value in a rapidly transforming economy.

Author

arthursilias

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Art /Entertainment

Golo789 Game Download (Earning Game in Paksitan) Free Download

Published

1 week ago

February 26, 2026

APKCricket.com

In recent years, the trend of online earning has gained immense popularity in Pakistan. With more people turning to their smartphones, mobile gaming apps have become a popular way to earn real money from home. One such app that is rapidly growing in popularity is Golo789. Known for its user-friendly interface and fun gameplay, Golo789 offers players a chance to win real rewards while enjoying various casino-style games.

In this article, we’ll cover everything you need to know about Golo789, including its features, download process, earning opportunities, and tips for playing safely.

What is Golo789?

Golo789 is an online mobile gaming app that allows users to play a variety of games and earn real money. This platform combines entertainment and earning potential, making it an appealing choice for many mobile gamers. The app is designed to be beginner-friendly, so even if you’re new to earning games, you can easily get started.

Golo789

The app is particularly popular in Pakistan and other parts of Asia. It offers simple gameplay that caters to both experienced players and beginners alike. Here are some of the main gaming options available on Golo789:

Slot Games
Card Games
Lucky Spin Games
Casino-style Games
Daily Reward Activities

These game types not only entertain players but also offer numerous opportunities to win rewards and bonuses.

Why is Golo789 Gaining Popularity in Pakistan?

There are several reasons why Golo789 has quickly become a favorite among users in Pakistan. The app’s simple design and smooth performance are key factors contributing to its success. Here’s why more and more users are choosing Golo789:

Smooth Performance on Low Storage Devices: The app works efficiently even on devices with limited storage, making it accessible to a wide range of users.
Easy Registration: Creating an account is quick and straightforward, so users can start playing in no time.
Low Initial Investment: Unlike many other earning apps that require a large initial deposit, Golo789 allows users to start playing with minimal investment.
Daily Rewards: Users receive daily bonuses just for logging in, encouraging consistent play.
Mobile-Friendly Interface: The app’s design is optimized for smartphones, ensuring a smooth user experience, even on slower internet connections.

Because of these features, the app has gained a loyal following in Pakistan.

Features of Golo789

Golo789 comes with a variety of features that set it apart from other mobile earning apps. Some of its most notable features include:

User-Friendly Interface: The app’s simple design makes it easy for users to navigate. Whether you’re new to mobile gaming or an experienced player, you’ll find the interface intuitive.
Multiple Games in One App: Instead of downloading several different apps, Golo789 offers multiple game options within a single platform. This saves storage space and makes it more convenient.
Daily Bonus System: Users receive rewards for logging in every day. This feature gives you a boost to start playing without spending money.
Quick Deposit and Withdrawal: The app supports fast payment methods, making it easy to deposit and withdraw funds.
Smooth Performance: Golo789 is lightweight and performs well even on devices with limited resources.

How to Download Golo789 Game in Pakistan

Getting started with Golo789 is easy. Follow these simple steps to safely download the app:

Open your mobile browser.
Visit the official website, apkcricket.com.
Search for Golo789.
Tap the download button to begin the process.
Wait for the APK file to finish downloading.
Go to your phone settings and enable “Unknown Sources.”
Install the APK file.
Once installed, open the app and create an account.

After these steps, you’re ready to start playing and earning.

How to Create an Account

Creating an account on Golo789 is a quick and easy process:

Open the app after installation.
Tap the “Register” button.
Enter your mobile number.
Create a password.
Optionally, enter a referral code.
Confirm your registration.

Once your account is set up, you can dive right into the games!

How to Earn Money in Golo789

Golo789 offers various ways for users to earn rewards. Here are some of the primary methods:

1. Playing Games

By participating in different games, such as slots and card games, players can earn rewards. The more skillful and strategic you are, the better your chances of winning.

2. Daily Login Rewards

Simply logging into the app every day will earn you bonus rewards. These daily rewards help you get started without the need to invest immediately.

3. Referral Program

Invite your friends to join Golo789 using your referral link. When they sign up and start playing, you’ll earn extra rewards as a thank-you for spreading the word.

4. Special Events and Promotions

Occasionally, Golo789 runs special events or promotions where users can win larger prizes. Stay tuned to the app for these exciting opportunities!

Tips to Maximize Your Earnings

To make the most out of Golo789, keep these simple tips in mind:

Start small: Begin by playing with small amounts until you get comfortable with the games.
Learn the rules: Understanding the rules of each game increases your chances of winning.
Use daily bonuses wisely: Take advantage of the daily login bonuses to keep playing without spending your own money.
Avoid risky betting: Play conservatively to avoid significant losses.
Play for fun, not greed: Remember, games are meant to be fun. Keep the experience enjoyable by playing responsibly.

Is Golo789 Safe?

Safety is a top priority when it comes to earning apps, and Golo789 takes this seriously. The app uses secure login systems to protect user data, and it offers smooth, reliable gameplay. However, it’s important to only download the app from trusted sources like apkcricket.com to avoid any security risks.

Safety Tips:

Never share your password with anyone.
Avoid downloading the app from untrustworthy links.
Use a strong password for your account.
Play responsibly and within your budget.

Benefits of Playing Golo789

Golo789 offers several advantages that make it stand out:

Entertainment and Earning Combined: Players can enjoy a fun gaming experience while earning rewards.
Simple Gameplay: Whether you’re a beginner or a seasoned gamer, the app is easy to navigate.
Regular Bonuses: Daily login rewards ensure that users always have something to look forward to.
Lightweight Application: Golo789 doesn’t consume much storage, making it ideal for smartphones with limited space.
Easy Withdrawals: With quick deposit and withdrawal options, you can easily access your earnings.

Common Issues and Quick Fixes

Sometimes, users may face minor issues. Here are a few common problems and their solutions:

App Not Installing: Ensure that “Unknown Sources” is enabled in your phone settings.
Login Issues: Check your internet connection or reset your password if necessary.
Game Not Loading: Close any background apps and restart your phone to fix slow loading.

These simple solutions can help resolve most issues quickly.

Who Should Play Golo789?

Golo789 is ideal for:

Android users in Pakistan: The app is optimized for Android devices.
Casual gamers: Anyone looking for an easy way to play and earn can enjoy the app.
Beginners: Golo789’s simple interface makes it perfect for new users.
Earning seekers: If you’re looking for a fun way to earn from home, this app offers great opportunities.

Responsible Gaming Advice

While Golo789 offers a great way to earn money, it’s important to play responsibly. Never spend more money than you can afford to lose. Set a daily limit and remember that games should always be a form of entertainment.

Conclusion

Golo789 is quickly becoming one of Pakistan’s most popular mobile earning apps. With its easy-to-use design, multiple game options, and regular bonuses, it offers a fun way to make money. Whether you’re new to online earning or an experienced player, Golo789 provides a rewarding experience. Just remember to download it from trusted sources like apkcricket.com and always play responsibly.

If you’re looking for a way to earn while having fun, Golo789 could be the perfect choice for you.