Moody's upgrades Saudi Arabia's credit rating to Aa3 with stable outlook    Riyadh Metro to begin partial operations next Wednesday: Report    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Mahrez leads Al Ahli to victory over Al Fayha in Saudi Pro League    Al Qadsiah hands Al Nassr their first defeat in the Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Downing Street indicates Netanyahu faces arrest if he enters UK    London's Gatwick airport reopens terminal after bomb scare evacuation    Civil Defense warns of thunderstorms across Saudi Arabia until Tuesday    Saudi Arabia, Japan strengthen cultural collaboration with new MoU    Slovak president meets Saudi delegation to bolster trade and investment ties    Saudi defense minister meets with Swedish state secretary    Navigating healthcare's future: Solutions for a sustainable system    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Sixth foreign tourist dies of suspected methanol poisoning in Laos    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Trump picks Pam Bondi as attorney general after Matt Gaetz withdraws    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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



English clubs smash transfer window record
Published in The Saudi Gazette on 03 - 09 - 2008

breaking 500 million pounds ($894 million) was spent by Premier League clubs on players in the mid-year transfer window, according to a report by consultancy firm Deloitte.
Last-minute deals on Monday including Robinho's move from Real Madrid to Manchester City for an estimated 32.5 million pounds and Dimitar Berbatov's transfer from Tottenham Hotspur to Manchester United for 30.75 million pounds raised total spending to around 500 million pounds.
That was around 30 million pounds more than the same transfer window last year.
“This level of transfer spending is far in excess of spending by other European leagues,” Deloitte's Paul Rawnsley said in a statement on Tuesday. “With the majority of their revenue streams already contractually secured, English football clubs are proving resilient to the current challenging economic environment,” added Rawnsley, director of the company's sports business group. “While football is not recession-proof it is recession-resistant.”
Deloitte said Premier League clubs spent around £215m buying players from each other, representing more than 40 percent of the transfer activity during the window.
Ronaldinho, Robinho
top transfers
Ronaldinho, who left Barcelona for AC Milan, and Manchester City-bound Robinho were the two top names to have completed transfers.
Manchester United's Cristiano Ronaldo and Andrei Arshavin of Zenit St. Petersburg had been tipped for big-money moves but they came to nothing. The transfer deadline passed at midnight on Sept. 1, meaning players cannot now move clubs till the winter transfer window opens in January.
AC Milan's 20-million-euro purchase of the 2005 European Footballer of the Year could prove a rebirth in the career of Ronaldinho, who teams up with Brazilian compatriots Kaka and Pato at the San Siro.
Andrei Shevchenko has also returned to AC Milan from Chelsea.
Manchester City signed Robinho from Real Madrid for a fee of around 42 million euros. Brazilian international Robinho agreed a four-year contract with Mark Hughes' side shortly before the close of the transfer window.
Juventus contented itself with the 22.8 million-euro capture of Brazilian striker Amauri from Palermo as its top signing.
Coach Jose Mourinho was the big investment by Inter Milan who brought him in as a replacement to Roberto Mancini and their major signing of the season was made on Monday when they took on board FC Porto winger Ricardo Quaresma for around 17 million euros.
Inter also landed Roma's Brazilian midfielder Mancini and Ghana midfielder Sulley Muntari.
In Spain, Real Madrid purchased striker Dutch midfielder Rafael van der Vaart from Hamburg, joining up with fellow Dutchmen Ruud van Nistelrooy, Arjen Robben, Royston Drenthe and Wesley Sneijder at the Santiago-Bernabeu stadium. Van der Vaart's inclusion no doubted consoled the Meringues somewhat having failed to prise Euro 2008 top scorer David Villa from Valencia.
Barcelona opened its wallet wide to pay for the incoming players of Daniel Alves, Alexander Hleb and Seydou Keita.
Manchester United beat the transfer deadline to complete a 37.7 million-euro deal for Tottenham striker Dimitar Berbatov. Berbatov, 27, agreed a four-year contract with United and Tottenham confirmed the deal on its website 45 minutes after the transfer window shut.
Arsenal's Arsene Wenger brought in Marseille's midfield maestro Sami Nasri and defender Mikael Silvestre from Manchester United.
Liverpool however splashed out 24 million euros to buy Tottenham striker Roy Keane to create a new strike partnership at Anfield with Fernando Torres.
Chelsea's new coach Luiz Felipe Scolari brought in midfielder playmaker Deco from Brazil.
$210m for Ronaldo: City
Manchester City's new billionaire Arab owners say they are willing to pay £135 million ($210 million) to land Cristiano Ronaldo from the Red side of the city.
According to the report Tuesday, City also wants to track down other major stars, including Thierry Henry and David Villa as City heads for the footballing stratosphere.


Clic here to read the story from its source.