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 [...]
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 [...]
Clubs smash Jan records January 31, 2011 THE £215m spent by Premier League clubs before last night’s deadline set a new record for the January window – and fulfilled one of City A.M.’s predictions. More than £130m was spent yesterday alone – four times the entire sum shelled out in January 2010 and topping the previous best of 2008. Six deals topped £20m [...]
Redknapp pays the penalty January 30, 2011 Murphy eases Fulham through as Spurs boss says hopes of signing a striker look to be over FULHAM (4) vs TOTTENHAM (0) TOTTENHAM manager Harry Redknapp admits he’s run out of time to bolster his side’s forward line with the addition of Newcastle’s Andy Carroll or Atletico Madrid’s Sergio Aguero. Redknapp watched Jermain Defoe and [...]
HAMMER BLOW Gardner strike sends Blues to Wembley January 26, 2011 BIRMINGHAM 3 vs WEST HAM 1 WEST HAM manager Avram Grant admitted his players were left devastated after Birmingham came from behind to deny the east London side a place in the Carling Cup final. Leading 2-1 from the first leg at Upton Park, Carlton Cole’s long-range effort put the visitors further ahead and was [...]
Long-awaited glory would vindicate Wenger method January 26, 2011 ONLY one team stands between Arsenal and silverware following their progress to the Carling Cup final. Whatever happens at Wembley, it is sure to boost their confidence that they can catch Manchester United in the Premier League title race. In the past this Gunners team has been guilty of hitting a brick wall at crucial [...]
Pantsil’s present keeps Dalglish’s winning run going January 26, 2011 LIVERPOOL’S recovery under Kenny Dalglish gathered further momentum last night as John Pantsil’s own goal gifted the Reds a 1-0 win over Fulham at Anfield. The three points moved the Merseysiders up into seventh in the Premier League table, their highest position of the season, and victory secured back-to-back wins for the first time since [...]
West Ham could sue over stadium ruling, say lawyers January 25, 2011 WEST HAM would have a strong argument for seeking a judicial review and could even claim damages if they lose out to Tottenham in the battle for the Olympic Stadium, legal experts have told City A.M. The Hammers could argue for a review on the grounds that such a decision would be unfair, say lawyers, [...]
Wenger: Arsenal are ready to deliver January 25, 2011 ARSENAL 3 vs IPSWICH 0 Arsenal win 3-1 on aggregate ARSENAL manager Arsene Wenger has told his players that an end to their six-year trophy drought is theirs for the taking after they swept Ipswich aside to reach the Carling Cup final. A superb strike from Nicklas Bendtner, a Laurent Koscielny header and a breakaway [...]