Macron Wants to Create a National Sports Day as France Bids Farewell to Olympics

Paris 2024 Olympics - Athletics - Men's Marathon - Paris, France - August 10, 2024. Athletes run past the Eiffel Tower during the race. REUTERS/Piroschka Van De Wouw/File Photo Purchase Licensing Rights
Paris 2024 Olympics - Athletics - Men's Marathon - Paris, France - August 10, 2024. Athletes run past the Eiffel Tower during the race. REUTERS/Piroschka Van De Wouw/File Photo Purchase Licensing Rights
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Macron Wants to Create a National Sports Day as France Bids Farewell to Olympics

Paris 2024 Olympics - Athletics - Men's Marathon - Paris, France - August 10, 2024. Athletes run past the Eiffel Tower during the race. REUTERS/Piroschka Van De Wouw/File Photo Purchase Licensing Rights
Paris 2024 Olympics - Athletics - Men's Marathon - Paris, France - August 10, 2024. Athletes run past the Eiffel Tower during the race. REUTERS/Piroschka Van De Wouw/File Photo Purchase Licensing Rights

As France prepares to bid a final farewell to the Paris Olympics on Saturday with a parade on the Champs-Elysees, President Emmanuel Macron announced his intention to create a "national day of sport" every year on Sept. 14.

"We need to come together around a popular sports festival that takes place in the streets, schools, and dedicated sports centres," Macron told Le Parisien newspaper in an interview, Reuters reported.

France already has an annual music festival held on June 21 and known as the "Fete de la Musique", which offers free concerts and allows budding musicians to express themselves.

Some 70,000 spectators are expected to attend a parade of Olympic and Paralympic athletes, volunteers and public sector workers from 1400 GMT on Saturday which will be followed by a free open-air concert on the Place de l'Etoile, home to the Arc de Triomphe monument.

After the parade, which takes place nearly a week after the end of the Paralympics, Macron will decorate many of France's medal winners with the country's top award, the Legion d'Honneur.

Around 4,000 police will be on duty, with security services facing one final test after making the Paris Games safe for thousands of athletes and their 12 million spectators.

The French team finished with a record medals haul of 64, including 16 golds, securing fifth place on the table.



Barcelona Has its Spending Limit Increased but Remains Well Below Real Madrid's Cap

Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)
Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)
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Barcelona Has its Spending Limit Increased but Remains Well Below Real Madrid's Cap

Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)
Pedestrians walk on the Gran Via street in downtown Madrid, as a thermometer reads 35 degrees Celsius, on September 12, 2024. (Photo by Thomas COEX / AFP)

Real Madrid remains with the Spanish league's highest spending limit following the summer transfer window, while Barcelona improved significantly but remained well below its rival's cap, The Associated Press reported.
The league released the cost limits for each team on Thursday, with Madrid's cap reaching nearly 755 million euros ($833 million), up from 727 million euros ($803 million).
Barcelona's limit more than doubled from 204 million euros ($225 million) after the winter transfer market to 426 million euros ($470 million), but the Catalan club could still be in a delicate situation going into the next transfer window if it doesn't make moves to improve its finances.
Atletico Madrid is the Spanish club with the third-highest spending limit at 310 million euros ($342 million), up from 303 million euros ($334 million).
Sevilla was among the teams struggling the most, with its limit being reduced from more than 150 million euros ($165 million) to only 2.5 million euros ($2.7 million).
The cost limit represents the maximum amount each club can spend on players, coaches and other staff. It also includes spending on reserves, the youth system and other areas.
Each Spanish league club has a different spending limit based on factors such as revenues, costs and debts. It is proportional to roughly 70% of a club’s revenues. Clubs that are overspending need to find ways to either reduce costs or attract new investment.