Al-Sisi, Cypriot president discuss Gaza ceasefire deal, bilateral cooperation    Egypt, EU discuss CBAM impact, green transition cooperation    Egypt's Health Minister showcases Women's Health Initiative at Berlin Innovation Forum    North Korea displays new 'Hwasong-20' ICBM at major military parade    Trump declares 100% tariffs on China, sending global markets tumbling    Egypt's balance of payments shows positive trends in FY 2024/25: CBE    Egypt's net international reserves rise $2.8bn to record $49.5bn in September 2025    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Nobel: The Prize That Honours Conscience, Not Power — and María Corina Machado, Who Changed the Equation    Egypt reconstitutes board of State Information Service    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's Sisi: Gaza ceasefire embodies 'triumph of the will for peace over the logic of war'    URGENT: Egypt's annual core inflation hits 11.3% in Sept – CBE    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Sisi invites Trump to Egypt to sign Gaza peace deal if talks succeed    Egypt's oil sector posts $598.3m net FDI inflow in FY2024/25 – CBE    Egyptian Open Amateur Golf Championship 2025 to see record participation    Egypt to meet IMF next week to set date for fifth, sixth reviews – PM    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    Al-Sisi reviews education reforms, orders new teacher bonus starting November    Egypt's Cabinet approves decree featuring Queen Margaret, Edinburgh Napier campuses    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    URGENT: Egypt's Khaled El-Anany unanimously elected UNESCO director-general    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt's Al-Sisi commemorates October War, discusses national security with top brass    Egypt screens 22.9m women in national breast cancer initiative since July 2019    Egypt's ministry of housing hails Arab Contractors for 5 ENR global project awards    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Premier League transfer fees poised to break record
Published in Ahram Online on 31 - 07 - 2016

With one month of the transfer window left remaining, Premier League clubs are poised to push escalating fees closer to another new record this week.
The projected move of France midfielder Paul Pogba from Juventus back to Manchester United for a world record one hundred million pounds ($132.3 million) would take spending by the 20 teams to almost 600m, adding to the 175m recorded by accountancy firm Deloitte in the January window.
Last year was the first in which annual fees reached one billion pounds.
So far this close-season Arsenal -- criticised in the past by many supporters for not spending enough -- have recorded the highest individual outlay by paying 35 million pounds for Swiss midfielder Granit Xhaka.
But Pogba's proposed return to Old Trafford would dwarf that and all other sums in the history of the sport, smashing the world record of 85.3 million pounds that Real Madrid paid for Wales forward Gareth Bale three years ago.
Arsenal manager Arsene Wenger is among those who are bemused by how high fees have risen but still believes there is no longer any limit.
"Since I've been in the sport I always thought it can't go any higher up and I've always been wrong," he told reporters.
"Maybe it will be 200 or 300m, who knows?"
Trevor Francis, the first million-pound player in English football back in 1979, said he was surprised the new world record might be set by a midfield player.
"I really thought if (100m) was paid, it was going to be for a striker who could be a match-winner and probably provide you with 30 goals a season," he told BBC Radio.
"Possibly the only two I thought could command that figure were Cristiano Ronaldo and Lionel Messi because people realise they are exceptional talents that will go down in the history of the game."
BROADCASTING DEAL
With a lucrative new broadcasting deal coming into effect this season and new managers taking over at Chelsea and the two Manchester clubs, it is perhaps not surprising that a spending spree has materialised.
Under Antonio Conte, Italy's head coach at Euro 2016, Chelsea paid more than 30 million pounds for beach of Marseille's Michy Batshuayi and Leicester City's N'Golo Kante.
The fee for Kante, who helped Leicester become surprise Premier League champions, clearly illustrated football's inflation rate -- a year ago the midlands club paid barely one-sixth as much for him.
Former Chelsea manager Jose Mourinho was always likely to spend big in attempting to revive Manchester United, with Pogba expected to become his fourth major signing.
Ironically, the most exciting of them could be Zlatan Ibrahimovic, who arrived on a free transfer from Paris St Germain and scored a spectacular goal on Saturday four minutes into his debut.
Pep Guardiola, having already spent 35 million pounds at Manchester City, was reported by British media on Sunday to be on the verge of almost doubling that by signing German forward Leroy Sane from Schalke 04.
At the other end of the spectrum, Burnley and managerless Hull City, two of the newly promoted clubs, have hardly begun recruiting.
Once they do over the next 31 days, the amount of money shelled out will only increase.
($1 = 0.7559 pounds)
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)


Clic here to read the story from its source.