Quote of the Day

"It's quite amazing that in the year where Financial Fair Play rules come in, the football world has gone completely crazy."
-- Arsenal Manager Arsene Wenger, on the exploding spending by football clubs in the current transfer market. (London DAILY MAIL, 8/4)
Monday August 5, 2013 Vol. 2 — No. 39 Print This Issue

Top Stories

  • FFP Fails To Curb Spending

    La Liga club FC Barcelona paid $76M to Brasileiro side Santos for Brazilian footballer Neymar.

    When UEFA came up with its Financial Fair Play rule, it "was expected that huge transfers would be rare and spending reduced," so there is no surprise Arsenal Manager Arsene Wenger has described Gareth Bale's impending £100M ($153M) move as "a joke," according to Thom Drake of the London DAILY MAIL. In the Premier League alone, close to £350M ($535M) has already been splashed, with smaller clubs like Cardiff, Norwich and Swansea joining Chelsea and Man City "in parting with their cash."

  • Going On Tour

    Tour of Britain '13 to be broadcast live by ITV4, British Eurosport.

  • Covering The Costs

    Bradford Bulls owner pays club's wage bill with $1.4M from his own pocket.

  • Suiting Up

    Nike extends kit deal with Indian football through '17.

  • Looking East

    Bundesliga's Bayern Munich sets plan to open first office in China.

  • Warning Shot

    FIFA investigator says he warned of problems with Qatar before selection.

  • Shot Down

    Coventry City faces liquidation after stadium owner rejects offer.

  • Good Business

    Barcelona will pocket $12M from preseason friendlies.

  • Language Barrier

    Star Sports to offer Premier League games with Hindi commentary.

  • Costs Going Up

    Rio 2016 organizers may need another $700M to meet budget.

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