Premier League summer spending exceeds £2bn for the first time
The Premier League’s summer spending of £2.36billion demonstrates the “incredible pace of growth” in the league’s wealth, according to finance company Deloitte. The £2bn milestone was surpassed for the first time in advance of Friday’s deadline with moves such as Manchester City’s £53million capture of Wolves’ Matheus Nunes then driving the total to new heights. Calum Ross, assistant director in Deloitte’s Sports Business Group, told the PA news agency: “It took 14 summer transfer windows to exceed £1bn and it’s only taken seven more to surpass £2bn, so that just reflects the incredible pace of growth that we’re seeing.” Deloitte’s analysis showed the 2023 summer transfer window exceeded the previous record of £1.92bn, set only last summer, by almost £440m. Chelsea’s spending under Todd Boehly’s ownership group has continued with the £100m signing of midfielder Moises Caicedo from Brighton, £63m for forward Christopher Nkunku and Friday’s £40m capture of Cole Palmer from Manchester City. With Newcastle beating the Blues, Tottenham and Liverpool to a place in this season’s Champions League and Brighton – who pulled off a deadline-day coup with a loan deal for Barcelona star Ansu Fati – also challenging, there are as many as eight teams with realistic top-four ambitions. Arsenal signed West Ham captain Declan Rice for a similar fee to that for Caicedo and Manchester City spent £77m on Croatia defender Josko Gvardiol, while Spurs’ £47.5m move for Nottingham Forest forward Brennan Johnson was another standout move on deadline day. Ross said: “You’ve got that intensity of competition across the league. There are 10 clubs that have spent more than £100m so it’s not all those top clubs. “I think at the moment, more than half of the clubs have spent more than they did last season.” England’s top flight has spent almost as much as the other members of Europe’s ‘big five’ leagues – LaLiga in Spain, Italy’s Serie A, the French Ligue 1 and Germany’s Bundesliga – combined this summer. But a new challenge has emerged with the Saudi Pro League attracting the likes of Neymar, Karim Benzema and Riyad Mahrez to follow Cristiano Ronaldo’s January move to Al Nassr. I think almost half of the transfer fees received by Premier League clubs came from the Saudi Pro League Calum Ross of Deloitte’s Sports Business Group The fees and wages on offer in Saudi Arabia are eye-watering with Liverpool rejecting a £150m deadline-day bid from Al-Ittihad for attacking talisman Mohamed Salah. Ross said: “This is the first time since the summer window of 2016 that one of the big five leagues, LaLiga, doesn’t appear in the top five spenders globally. The Saudi Pro League’s replaced them, I think they’re the second highest at the moment with over 850million euros (£728m). “Also it’s another source of funding though – I think almost half of the transfer fees received by Premier League clubs came from the Saudi Pro League. So having that extra funding from Saudi Pro League clubs and other overseas markets is then providing them with additional funds to redistribute to their transfer targets.” The Saudi window remains open until next Thursday and while clubs could be reluctant to sell with no opportunity to replace departed talent, Ross said: “There is still a chance over the next week or so that we will see further outgoings. “Being able to operate in a financially sustainable manner, as well as complying with the relevant financial regulations, is a key part of their activity. “It’s balancing that need for financial sustainability and profitability with the desire for on-pitch success.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Ireland boss Andy Farrell says ability to ‘roll with punches’ key for World Cup Mason Greenwood will begin to rebuild career with loan move to Getafe David Moyes enjoying West Ham topping Premier League after Luton win
2023-09-02 10:26
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Angels focus on youth movement after waiving 5 players and overhauling roster with young talent
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2023-09-02 09:56
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Manager Terry Francona was among those surprised when Guardians claimed 3 pitchers from Angels
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UNC's Brown has issues with NCAA over eligibility of transfer wide receiver
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Chad Green poised to make Blue Jays debut after rehabbing from Tommy John surgery
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Alabama starting quarterback for season opener revealed
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Ireland boss Andy Farrell says ability to ‘roll with punches’ key for World Cup
Andy Farrell believes Ireland must remain calm and “roll with the punches” to realise their potential at the Rugby World Cup. Former dual code international Farrell is preparing for his first global tournament as head coach having previously been involved as a player and an assistant coach. Six Nations champions Ireland have topped the world rankings for more than a year and arrived in France on Thursday among the favourites to go all the way. Englishman Farrell has welcomed setbacks during his tenure to challenge his players and prevent them becoming fazed on the biggest stage. “The key learnings are the scenarios that we’ve tried to put ourselves through in the last few years,” the 48-year-old said of his previous World Cup experiences in both rugby union and rugby league. “You hear me say constantly ‘best laid plans and all that’, it’s 100 per cent that at a World Cup. “The ones that get flustered with all that because they’re not ready for all different types of permutations are the ones that lose the plot. The key to progressing in a competition like this is staying calm, keeping your feet under you and making sure that you just roll with the punches. Andy Farrell “The key to progressing in a competition like this is staying calm, keeping your feet under you and making sure that you just roll with the punches and be the best version of yourself no matter what happens and have no-excuse mentality. “We’ve tried to put ourselves in those type of positions before and we know what’s coming through.” Ireland have been placed in the tougher half of the draw and begin their campaign next Saturday against Romania in Bordeaux. Farrell’s men then face Tonga, reigning champions South Africa and Scotland in Pool B, with hosts France or New Zealand likely opponents should they progress to the quarter-finals. Asked if this is the most competitive and open World Cup, Farrell said: “I think everyone loves to say that anyway. “Everyone wants it to be like that because there’s so many good teams that can beat each other on any given day. “The pressures of the competition within itself, the history of all that shows that it is going to be a wide-open competition. So one step at a time. Let’s see if we can build some momentum.” Farrell assisted Joe Schmidt at the 2019 World Cup before stepping up to become Ireland boss following a quarter-final exit against the All Blacks. The opening year of his reign, amid the coronavirus pandemic, brought mixed results but his side have won 25 of 27 Tests dating back to round three of the 2021 Six Nations. “I’m not surprised,” Farrell said of the progress. “If you’re talking four years ago then we probably didn’t know the total plan as in what we’ve been through and what we’re going through. “The process has always been for the here and now, and the medium term, and the long term. “A lot tend to go from cycle to cycle and chop a few and carry on. “I think the right way, for me anyway, is to grow and develop competition as we go and then when we get to something like this (World Cup) watch and learn and let’s pick accordingly on what’s right on the team.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Mason Greenwood will begin to rebuild career with loan move to Getafe David Moyes enjoying West Ham topping Premier League after Luton win Sofyan Amrabat ‘will put everything’ into playing for Manchester United
2023-09-02 08:25