DEADLINE DAY DRAMA January 31, 2011 Chelsea land Torres and Luiz for £71m CHELSEA’S newest recruit Fernando Torres toasted his arrival at “one of the top clubs in the world” after completing a £50m move from Liverpool to become the most expensive signing ever by a British club. Torres last night clinched a five-and-a-half-year contract thought to be worth £175,000-a-week as [...]
Deadline day drama January 31, 2011 Reds tie up shock deal for £35m Carroll Liverpool make striker most expensive British footballer of all time and he’s joined by Suarez LIVERPOOL last night made Andy Carroll the most expensive British footballer of all time after they paid Newcastle an astonishing £35m for the services of the England striker. The St James’ Park [...]
Have European financial fair play rules gone out of the window? January 31, 2011 EUROPEAN chiefs may want clubs to start breaking even, but that did not stop a huge Premier League spree yesterday. With so-called Financial Fair Play (FFP) rules on the horizon, City A.M. asked Dan Jones, of Deloitte’s Sport Business Group, to explain. Q: Are clubs ignoring FFP rules? A: Liverpool are shipping out a high-wage earner [...]
Oil hits $100 due to Suez supply fears January 31, 2011 OIL surged over $100 a barrel for the first time in more than two years yesterday as investors feared the turmoil engulfing Egypt could disrupt shipments passing through the Suez canal and impact supply. Brent crude for March, the global benchmark, leapt by $1.59 to settle at $101.01 a barrel – the highest since Lehman [...]
Football clubs in record £215m transfer frenzy January 31, 2011 ENGLAND’S top football clubs last night defied the downturn by embarking on a record-breaking £215m transfer spending spree. Chelsea’s £50m signing of Fernando Torres and Liverpool’s £35m purchase of Andy Carroll were the day’s biggest deals as sides raced to recruit before the 11pm cut-off – their last chance to do business until the summer. [...]
Blues lose £68m – and that’s without yesterday January 31, 2011 CHELSEA’S £71m deadline-day splurge came as the club announced losses of more than £68m for last year. The Blues yesterday released their results, which had been expected last month, for the financial year ending June 2010, the season in which they won the Double. Despite their success they made an operating loss of £68.6m, slightly [...]
Directors face salary freeze January 31, 2011 CHAIRMEN and non-executive directors are facing a second year of frozen pay this year despite bearing bigger workloads and greater personal responsibility. Almost 80 per cent of chairmen believe they will receive no pay rise in 2011 – the second year without a rise for most, as 85 per cent received no increase in 2010, [...]
Coaching itch resurfaces for Murray January 31, 2011 BRITISH No1 Andy Murray is facing fresh calls to overhaul his coaching team after his grand slam final heartbreak continued at the Australian Open. Murray was swept aside by Novak Djokovic on Sunday, earning him the dubious distinction of becoming the first man to play three major finals without winning a set. The Scot has [...]
A smaller state means faster growth January 31, 2011 THERE are many reasons why the coalition is losing the public debate on austerity – but one of them is that it is conceding too much intellectually to its opponents. Neither Tories nor Lib Dems made the positive case for a smaller state and a stronger, larger private sector during the bubble years, and this [...]
What the other papers say this morning January 31, 2011 FINANCIAL TIMES WARNING AS BRIBERY LAW DELAYED British companies have been warned that they could be put on an export “blacklist” by the Organisation for Economic Co-operation and Development if the government continues to delay tough new anti-corruption laws. The warning came after Ken Clarke, the justice secretary, signalled on Monday that the implementation of [...]
