Premier League to See Record Summer Spending
Three days remain until Monday’s transfer deadline, but data released by professional services firm Deloitte already indicates that spending is expected the £500 million threshold.
As of this morning, according to the Belfast Telegraph, clubs had spent £430 million, which is £60 million shy of last year’s total. In 2008, teams spent a record £500 million.
Teams are flush with cash from the league’s £5.5 billion worth of new broadcast deals, which take effect this season.
The highest fees have included the £32 million Chelsea spent on Willian and Manchester City’s £30 million deal for Fernandinho.
FIFA Concerned About Rio Lab
Days after the World Anti-Doping Agency revoked the accreditation for the Rio de Janeiro lab scheduled to handle testing during next year’s World Cup, FIFA has expressed concern.
The lab known as LADETEC will not be authorized by WADA to carry out anti-doping activities after September 25, according to Bloomberg. It is the only accredited lab in Brazil.
“This is a problem,” said Michel D’Hooghe, the head of FIFA’s medical committee. “We look now at what WADA will decide.”
He went on to mention that there could be other possibilities, “perhaps Sao Paulo or perhaps an adaptation of the lab in Rio.”
The lab was previously suspended for nine months in 2012 after repeated warnings.
Michel Platini has again stated his support for shifting the 2022 World Cup to winter to avoid Qatar’s extreme summer heat, according to an AFP report.
FIFA has already expressed such a desire, but it has been met with strong opposition by many in Europe, especially in the English Premier League, who do not wish to see the calendar altered.
“I was very happy to learn that FIFA president Joseph Blatter wants to move the 2022 World Cup to the winter, something I’ve long advocated,” Platini said Friday. “It’s impossible to play in 50-degree heat in Qatar in the summer.”
FIFA plans to examine the issue at its executive committee meeting in October, and will likely rubberstamp a switch from summer to winter.
Munich has been chosen over Berlin as Germany’s candidate to host matches as part of the 2020 European Championship.
The German Football Federation (DFB) made the announcement on Friday.
“It was a tough decision because Munich and Berlin have already proved their capabilities in organizing events of this magnitude,” DFB president Wolfgang Niersbach was quoted in an AFP report.
The DFB will wait to see if Istanbul is awarded the 2020 Summer Olympics on September 7 before determining whether to push for Munich’s Allianz Arena to host the final.
UEFA’s secretary general says recently released figures show that the financial fair play policy is having its intended effect on club spending.
Gianni Infantino said players’ salaries had gone up by an average of 6.5 percent while club revenues had risen 6.9 percent.
“In this climate in Europe, a business which has increased by seven percent in one year is impressive and wages have increased less than revenue,” Infantino said at a news conference, according to Reuters.
Under the news rules, clubs are limited to spending only what they earn through broadcast rights, tickets, and sponsorship. The rules intend to stop rich owners from overloading their team with cash and distorting the market.
Penalties for violating the rules are stiff. Clubs who do not comply could be barred from European competition.
Your best source of news about the global football business is World Football INSIDER