EFL considering bank loan to help clubs survive with at least SIX teams struggling to see out season
4 years, 4 months ago

EFL considering bank loan to help clubs survive with at least SIX teams struggling to see out season

Daily Mail  

The Football League are considering taking out a commercial loan to help some of their clubs survive the season due to doubts over whether the Premier League will provide the financial bailout that has been demanded by the Government. The EFL, led by chief Rick Parry, are considering taking out a commercial loan to help clubs The clubs lost a combined £50m through missing gate receipts after lockdown at the end of last season. Premier League chief executive Richard Masters said in June the EFL had not asked for help The only assistance provided by the Premier League to date has been to advance the EFL this month’s £55m solidarity money that was paid earlier this summer and half of the next £55m payment due next January, which has been passed on the clubs, along with three months’ worth of Sky Sports TV rights fees to help the clubs start the season. Wigan were relegated after being hit with a points deduction for entering administration Given the uncertainty over crowds, a phased loan is likely to be more preferable to the EFL than a single lump sum, as they are hopeful that the clubs’ eventual losses will be significantly lower than their worst-case projection of £200m, a figure which will ultimately be determined by the percentage of fans that can attend matches in the upcoming season.

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History of this topic

Premier League agrees new spending cap - but three clubs vote against ‘anchoring’ approach
8 months, 1 week ago

Premier League agrees new spending cap - but three clubs vote against ‘anchoring’ approach

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Premier League clubs have agreed to bring an …

What is Premier League’s reportedly new spending cap and how is Man City involved?
8 months, 1 week ago

What is Premier League’s reportedly new spending cap and how is Man City involved?

The Hindu  

Premier League clubs have reportedly agreed in principle to introduce a spending cap to limit the gap in financial muscle between sides at the top and bottom of the English top flight. The Athletic reported “the anchoring” plan will be capped at five times the lowest earning side receives via the Premier League’s broadcast deals. Critics of a cap on …

Revealed: The TEN Premier League clubs who shot down the new £900m EFL deal... with top flight teams considering legal action if forced to pay the 'unpalatable' and 'unworkable' settlement
9 months, 4 weeks ago

Revealed: The TEN Premier League clubs who shot down the new £900m EFL deal... with top flight teams considering legal action if forced to pay the 'unpalatable' and 'unworkable' settlement

Daily Mail  

The outfits are considering taking legal action should they be forced to pay A growing number of Premier League clubs are considering ditching football’s ‘New Deal’ – and taking legal action should a government regulator try to force them to pay. Ten Premier League clubs have rejected a financial settlement for the EFL worth £900million Jurgen Klopp's Liverpool and Mikel …

Premier League clubs to prioritise new financial system
9 months, 4 weeks ago

Premier League clubs to prioritise new financial system

The Hindu  

The Premier League clubs agreed to prioritise their efforts around a new financial system, the league said on Monday, after no agreement was reached during shareholders’ meeting. “At a Premier League Shareholders’ meeting today clubs agreed to prioritise the swift development and implementation of a new League-wide financial system,” the league said in a statement. Premier League clubs today agreed …

Gary Neville hits out at Premier League over lack of new EFL funding agreement
9 months, 4 weeks ago

Gary Neville hits out at Premier League over lack of new EFL funding agreement

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Salford City co-owner Gary Neville has accused the …

EFL secures record deals for international TV rights
10 months ago

EFL secures record deals for international TV rights

New York Times  

The English Football League has secured record deals of at least £148million for its international TV rights across a four-season period. The new deals ensure record guaranteed international rights fees for EFL clubs, with two agencies, Pitch International and Relevent Sports, representing the organisation across global TV markets until the conclusion of the 2027-28 campaign. Under these deals, Pitch International …

The Premier League’s ‘new deal for football’ and what it means for the EFL
1 year, 2 months ago

The Premier League’s ‘new deal for football’ and what it means for the EFL

New York Times  

The late Quentin Crisp is not quoted in many football stories, but the gay icon could have been talking about the negotiations between the English Football League and Premier League when he noted that “euphemisms are unpleasant truths wearing diplomatic cologne”. Last month, the EFL’s 72 clubs — the have-nots — met at Derby County’s stadium to discuss what the …

Transfer deadline day: The Premier League’s wild spending far from done after USD 2.5 billion spree
1 year, 4 months ago

Transfer deadline day: The Premier League’s wild spending far from done after USD 2.5 billion spree

The Hindu  

Premier League teams have spent over $2.5 billion on players in a record outlay during European football’s summer transfer window, leaving rival leagues across the continent in their wake. Friday is deadline day in the transfer market and many of England’s top teams are still looking to do business to finalize the reshaping of their squads for the first half …

Premier League clubs post record revenues as Europe recovers from COVID-19 impact
1 year, 6 months ago

Premier League clubs post record revenues as Europe recovers from COVID-19 impact

The Hindu  

Premier League club revenues rose by 12 per cent to a record 5.5 billion pounds in the 2021-22 season as European football capitalised on fans returning to stadiums after the COVID-19 pandemic, according to analysis from Deloitte. In its Annual Review of Football Finance, Deloitte’s Sports Business Group said the “big five” leagues in England, Spain, Germany, Italy and France …

Premier League clubs agree to negotiate improved finance deal with EFL
2 years, 2 months ago

Premier League clubs agree to negotiate improved finance deal with EFL

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The PA news agency understands the ‘New Deal For Football’, which would …

Football league clubs have been MAKING MONEY from supporters' gambling losses
2 years, 3 months ago

Football league clubs have been MAKING MONEY from supporters' gambling losses

Daily Mail  

The scheme was discontinued in 2020 but some EFL sides are still benefitting An affiliate scheme with Sky Bet saw clubs pocket a percentage of losses Football League clubs have been making money from their supporters’ gambling losses, it has emerged. EFL clubs have been making money from their own fans' gambling losses with Sky Bet However, the EFL have …

English football’s great reform debate: A ‘good day for fans’ or a ‘kick in the teeth’ with frustrating delays
2 years, 8 months ago

English football’s great reform debate: A ‘good day for fans’ or a ‘kick in the teeth’ with frustrating delays

New York Times  

In the moments that followed sports minister Nigel Huddleston’s statement to the House of Commons yesterday, Tracey Crouch took to her feet from the back benches and called it a “good day for football fans”. Not only is the Premier League spending time “reviewing” its Owners’ & Directors’ Test, it plans to introduce “a number of measures” that will give …

Everton will not be taking up offer of £30m local authority loan for new stadium
2 years, 10 months ago

Everton will not be taking up offer of £30m local authority loan for new stadium

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Everton will not be taking up the offer …

Derby's administrators tell EFL that the club DOES have enough money in place to complete the season
2 years, 10 months ago

Derby's administrators tell EFL that the club DOES have enough money in place to complete the season

Daily Mail  

The English Football League has been told by the administrators of Derby that the Sky Bet Championship club have enough funding in place for the remainder of the season. Wayne Rooney has worked miracles and Derby still have a chance of avoiding relegation While Derby still face 'a number of challenges' according to the EFL, Wayne Rooney's side look set …

Premier League clubs spend almost £300m in January transfer window
2 years, 11 months ago

Premier League clubs spend almost £300m in January transfer window

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Premier League gross spending in January window" data-source="Deloitte"> The window two years …

Derby: EFL give Championship club extra month to prove they can complete season after £1.25m boost
2 years, 11 months ago

Derby: EFL give Championship club extra month to prove they can complete season after £1.25m boost

Daily Mail  

Derby's future could be decided in court after the crisis-torn Championship club were given a one-month reprieve by EFL chiefs on Thursday night. The joint statement from the EFL and administrators Quantuma confirmed Sportsmail's report on Wednesday that the club was likely to be granted extra time beyond the initial February 1 deadline to prove they had the funds to …

Premier League and EFL still to commission advice over parachute payment row
2 years, 11 months ago

Premier League and EFL still to commission advice over parachute payment row

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Premier League and the EFL have not …

EFL chair Rick Parry hopes review helps lead to a sustainable football pyramid
3 years, 1 month ago

EFL chair Rick Parry hopes review helps lead to a sustainable football pyramid

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy English Football League chair Rick Parry hopes the …

Premier League and EFL no closer to agreement on financial distribution and parachute payments
3 years, 2 months ago

Premier League and EFL no closer to agreement on financial distribution and parachute payments

Daily Mail  

The Premier League and EFL are no closer to resolving key differences on how to share the wealth of the game with just a week before a major review of football governance is set to be published. Pundits Gary Neville, Gary Lineker and Jamie Carragher want a new regulator for football The Premier League currently shares approximately £250M in parachute …

Self interest of Premier League will destroy the EFL or force two to split, insists Accrington owner
3 years, 2 months ago

Self interest of Premier League will destroy the EFL or force two to split, insists Accrington owner

Daily Mail  

Andy Holt may not be a household name among fans of English football, and he is certainly not one of the inner circles around those who dominate the game, like the Glazers at Manchester United or John Henry at Liverpool. Accrington Stanley owner Andy Holt believes the Premier League is threatening the future of clubs throughout the EFL, as sides …

EFL chief Rick Parry: Why English football needs a reset
3 years, 3 months ago

EFL chief Rick Parry: Why English football needs a reset

New York Times  

At the grimmest point in the pandemic for football, when nobody knew for certain what the future looked like across the entire game, it was predicted that a lot of clubs in the EFL — as many as a quarter by some estimates — would go out of business. Parry calls investment at that level, with the incentive of promotion …

Tottenham repays COVID loan, frees up funds for signings
3 years, 6 months ago

Tottenham repays COVID loan, frees up funds for signings

The Hindu  

Tottenham announced on Friday that it had paid back the 175 million pounds it borrowed from the Bank of England as part of a coronavirus loan scheme, freeing up cash that could help the Premier League club sign players and a new manager. "The club's ability to manage effectively throughout the COVID period led to discussions with the same institutions …

Tottenham delay repaying taxpayer-backed loan of £175m for another year as Arsenal vow to repay debt
3 years, 8 months ago

Tottenham delay repaying taxpayer-backed loan of £175m for another year as Arsenal vow to repay debt

Daily Mail  

Tottenham rolled over a taxpayer-backed loan worth £175million weeks before joining the botched European Super League. Spurs owner Joe Lewis is estimated to be worth £3.6billion but chairman Daniel Levy announced the loan last June amid fears the coronavirus pandemic could cost the club up to £200m in lost revenue. Tottenham have rolled over a taxpayer-backed loan £175million for another …

English second-tier club secure more than USD 160M in funding
3 years, 9 months ago

English second-tier club secure more than USD 160M in funding

The Hindu  

England's second-tier Championship secured a funding package worth more than USD 160 million that will enable club to meet their tax liabilities amid a downturn in revenues during the pandemic. There have been no spectators for matches in the division for the equivalent of a full season since the coronavirus outbreak, meaning clubs in the 24-team league have lost around …

English Football League secures $160M in funding for Championship clubs amid coronavirus-led financial crisis
3 years, 9 months ago

English Football League secures $160M in funding for Championship clubs amid coronavirus-led financial crisis

Firstpost  

England’s second-tier Championship secured a funding package worth more than $160 million on Monday that will enable clubs to meet their tax liabilities amid a downturn in revenues during the pandemic. There have been no spectators for matches in the division for the equivalent of a full season since the coronavirus outbreak, meaning clubs in the 24-team league have lost …

EFL Clubs Accept Premier League Rescue Package For League One And Two
4 years, 1 month ago

EFL Clubs Accept Premier League Rescue Package For League One And Two

News 18  

English Football League clubs on Thursday agreed for League One and League Two teams to receive the rescue package proposed by the Premier League in order to cover gate losses for the 2019-20 and 2020-21 seasons amid the COVID-19 pandemic. The EFL, which represents the three divisions below the Premier League, last month rejected a 50 million-pound offer from the …

Premier League committed to EFL rescue package despite resource crunch
4 years, 2 months ago

Premier League committed to EFL rescue package despite resource crunch

The Hindu  

Premier League Chief Executive Richard Masters has defended the organisation's current COVID-19 bail-out offer for English Football League teams, saying “scarce resources” among elite clubs is a reason for deadlock over the funding package. The EFL, which represents the three divisions below the Premier League, last month rejected a 50 million pounds offer from the top flight for League One …

EFL planning to lift sanctions against clubs that don't pay their tax bills as debts spiral
4 years, 2 months ago

EFL planning to lift sanctions against clubs that don't pay their tax bills as debts spiral

Daily Mail  

The EFL is dropping sanctions against teams that don't pay their tax bills as it tries to protect clubs from the growing financial crisis and turns up the heat on the Government to help. EFL is planning to lift sanctions on clubs that default on tax bills as financial crisis deepens The EFL has become increasingly frustrated with Culture Secretary …

Premier League, EFL to face panel over lack of COVID-19 rescue package
4 years, 2 months ago

Premier League, EFL to face panel over lack of COVID-19 rescue package

The Hindu  

England's football chiefs are set to face members of parliament next week to discuss why no agreement has been reached on a bail-out package for lower-tier clubs facing financial strain amid the COVID-19 pandemic. The English Football League, representing the three divisions below the Premier League, last month rejected a 50 million pounds offer from the top flight saying it …

Premier League, EFL to Face Panel Over Lack of Coronavirus Rescue Package
4 years, 2 months ago

Premier League, EFL to Face Panel Over Lack of Coronavirus Rescue Package

News 18  

England’s football chiefs are set to face members of parliament next week to discuss why no agreement has been reached on a bail-out package for lower-tier clubs facing financial strain amid the COVID-19 pandemic. The English Football League, representing the three divisions below the Premier League, last month rejected a 50 million pounds offer from the top flight saying it …

Premier League's new bailout offer will not be enough to save ailing EFL clubs
4 years, 2 months ago

Premier League's new bailout offer will not be enough to save ailing EFL clubs

Daily Mail  

The EFL board is set to consider a new bailout offer from the Premier League on Thursday, but officials believe it will still not be enough to save many clubs – or thousands of jobs in the national game. EFL clubs are desperate for financial support as the ban on fans has resulted in huge losses The EFL board is …

Gary Neville makes plea to UK Government to bail out EFL clubs amid coronavirus cash crisis
4 years, 2 months ago

Gary Neville makes plea to UK Government to bail out EFL clubs amid coronavirus cash crisis

Daily Mail  

Gary Neville made an impassioned plea to the UK government to help bail out EFL clubs amid the financial crisis caused by coronavirus. Gary Neville made an impassioned plea to the government to help bail out struggling EFL clubs A number of Championship clubs are grappling with the looming pay day at the end of October Calls for the Premier …

Premier League keep £50m rescue package for League One and Two on the table after EFL shun this week
4 years, 2 months ago

Premier League keep £50m rescue package for League One and Two on the table after EFL shun this week

Daily Mail  

The Premier League has said that its £50million rescue package to League One and League Two clubs remains available. The Premier League claim their £50m aid to League One and League Two clubs is still available The EFL rejected the rescue package designed to assist clubs affected by the global pandemic The EFL's statement described the Premier League's offer as …

AHEAD OF THE GAME: EFL worry over Leeds owner Andrea Radrizzani's role in rejected £300m buyout
4 years, 2 months ago

AHEAD OF THE GAME: EFL worry over Leeds owner Andrea Radrizzani's role in rejected £300m buyout

Daily Mail  

Leeds owner Andrea Radrizzani was involved in the offer of a £300million partial buyout of the EFL by American firm TPG Capital, which was rejected by chairman Rick Parry last week. Leeds owner Andrea Radrizzani was involved in the offer of a rejected partial buyout of the EFL COVID-19 CLAMPS DOWN ON CHAMPIONSHIP The financial impact of Covid-19 is biting …

Lower-division clubs reject Premier League bailout
4 years, 2 months ago

Lower-division clubs reject Premier League bailout

India TV News  

The rifts in English football grew Thursday when lower-league clubs rejected a proposed rescue package of 50 million pounds from the Premier League as they seek more cash without conditions. The money is on top of 27.2 million pounds already advanced in solidarity payments, but the English Football League said the bailout was insufficient while insisting that clubs in the …

Lower-division football clubs reject Premier League's 50 million pounds bailout package
4 years, 2 months ago

Lower-division football clubs reject Premier League's 50 million pounds bailout package

Firstpost  

A package of loans and grants was offered to clubs in tiers three and four, which are struggling without matchday income due to coronavirus. The rifts in English football grew Thursday when lower-league clubs rejected a proposed rescue package of 50 million pounds from the Premier League as they seek more cash without conditions. The money is on top of …

EFL clubs reject Premier League's 'rescue' offer - Football News - Sportstar
4 years, 2 months ago

EFL clubs reject Premier League's 'rescue' offer - Football News - Sportstar

The Hindu  

The English Football League, representing the three divisions below the Premier League, has rejected a GBP 50 million COVID-19 bail-out offer from the top flight, the EFL said on Thursday. “The League has been very clear in its discussions of the financial requirements needed to address lost gate receipts in 2019/20 and 2020/21, and while EFL clubs are appreciative that …

Lower-division Clubs Reject Premier League's Proposed Rescue Package, Seeking More Cash Without Conditions
4 years, 2 months ago

Lower-division Clubs Reject Premier League's Proposed Rescue Package, Seeking More Cash Without Conditions

News 18  

The rifts in English soccer grew Thursday when lower-league clubs rejected a proposed rescue package of 50 million pounds from the Premier League as they seek more cash without conditions. The money is on top of 27.2 million pounds already advanced in solidarity payments, but the English Football League said the bailout was insufficient while insisting that clubs in the …

Derby owner Mel Morris urges Premier League clubs to back Project Big Picture
4 years, 2 months ago

Derby owner Mel Morris urges Premier League clubs to back Project Big Picture

Daily Mail  

Derby owner Mel Morris has begged Premier League clubs to unite behind Project Big Picture and save EFL counterparts from oblivion. Under proposals put forward by Liverpool and Manchester United, the EFL would be given an immediate £250m bailout and the promise of a 25 per cent share in future Premier League television revenues. Derby County owner Mel Morris has …

MATT BARLOW: The financial incentives are seductive but the EFL must not sell its soul
4 years, 2 months ago

MATT BARLOW: The financial incentives are seductive but the EFL must not sell its soul

Daily Mail  

Desperate times these may be — the pressure is on and the money is seductive — but what exactly are Steve Gibson and the Championship chairmen proposing to sell? The 72 clubs in tiers two, three and four will receive a rescue package worth £250 million and a promise of a quarter of future TV cash as part of the …

Premier League Reform Plan for 'Greater Good of English Football'
4 years, 2 months ago

Premier League Reform Plan for 'Greater Good of English Football'

News 18  

English Football League chairman Rick Parry has praised Liverpool and Manchester United for “showing leadership” after they came up with a radical plan to overhaul the Premier League that he believes will benefit the whole game. The Premier League said the plans would have a “damaging impact on the whole game” while the Department for Digital, Culture, Media and Sport …

Premier League Reform Plan Looks Like Power Grab, UK Minister Says
4 years, 2 months ago

Premier League Reform Plan Looks Like Power Grab, UK Minister Says

News 18  

The minister who oversees sport in Britain said on Monday he feared a plan by Liverpool and Manchester United to restructure the English Premier League was a power grab that could prompt a deeper look at the governance of the sport. The plan would see the Premier League commit to providing 25% of the league’s revenue to English Football League …

Manchester City chief executive Ferran Soriano calls for Premier League B teams as part of EFL revamp
4 years, 3 months ago

Manchester City chief executive Ferran Soriano calls for Premier League B teams as part of EFL revamp

Firstpost  

Soriano suggested following the Spanish model of having B teams in the lower leagues to aid the development of players and halt the number of young English players moving to Germany for more first-team opportunities. Manchester City chief executive Ferran Soriano believes Premier League B teams could form part of a revamp for the “not sustainable” English Football League. The …

UK Sports Minister confident Premier League will help EFL clubs
4 years, 3 months ago

UK Sports Minister confident Premier League will help EFL clubs

The Hindu  

The British government is confident the Premier League will play its part in helping lower tier clubs survive the financial ravages of the COVID-19 pandemic, Minister for Sport Nigel Huddleston said on Wednesday. READ: European football review: Controversies and early upsets Clubs in the three tiers below the Premier League rely heavily on spectator attendance, with forecast losses of around …

Premier League yet to agree bailout for lower league clubs - Football News - Sportstar
4 years, 3 months ago

Premier League yet to agree bailout for lower league clubs - Football News - Sportstar

The Hindu  

Premier League clubs are yet to agree to a financial bailout for England’s lower-division clubs, who are struggling to cope with games being played without fans. The 20 topflight clubs held a virtual meeting on Tuesday, two days after the government asked the world’s richest league to play its part with support for the English Football League. The Premier League …

Clarke Carlisle tells Piers Morgan lower league clubs WILL go bust without government cash
4 years, 3 months ago

Clarke Carlisle tells Piers Morgan lower league clubs WILL go bust without government cash

Daily Mail  

The former PFA chairman Clarke Carlisle has laid bare the bleak financial situation facing lower-league clubs and insists sides will go bust without Government help. The delayed return of fans to stadiums has hit the finances of lower-league clubs very hard Culture Secretary Oliver Dowden has received a letter - signed by MPs, football administrators and directors - warning clubs …

English football structure faces 'collapse' unless clubs receive emergency help, letter warns government
4 years, 3 months ago

English football structure faces 'collapse' unless clubs receive emergency help, letter warns government

Firstpost  

The government announced last week that plans for spectators to return to sports venues from 1 October had been scrapped due to a spike in coronavirus infections. London: English football is facing the “collapse of the national league structure” unless clubs receive emergency help, ministers were warned on Monday. A letter to culture secretary Oliver Dowden co-signed by a group …

Premier League asked by government to help struggling clubs - Football News - Sportstar
4 years, 3 months ago

Premier League asked by government to help struggling clubs - Football News - Sportstar

The Hindu  

The British government increased the pressure on the Premier League on Sunday to provide financial assistance for football clubs struggling financially in lower divisions, with supporters still not allowed into stadiums. Premier League clubs will hold a virtual meeting on Tuesday to discuss whether to provide further funds to the English Football League, which features 72 clubs across three divisions. …

Government urge Premier League to 'step up to the plate' for struggling EFL clubs
4 years, 3 months ago

Government urge Premier League to 'step up to the plate' for struggling EFL clubs

Daily Mail  

Culture secretary Oliver Dowden has called for the Premier League to 'step up to the plate' and provide financial support for EFL clubs through the coronavirus crisis. Culture secretary Oliver Dowden has urged Premier League clubs to support EFL teams Dowden said that he expects a financial support deal to be finalised later this week 'The first thing we need …

Premier League clubs see duty to help struggling lower-level sides - Football News - Sportstar
4 years, 3 months ago

Premier League clubs see duty to help struggling lower-level sides - Football News - Sportstar

The Hindu  

Chelsea has spent more than any other English Premier League team in a summer transfer window at well over $300 million. "Now when the rate is going up and fans aren’t coming in, it’s even worse for football and society in general,” Manchester United manager Ole Gunnar Solskjaer said. and it’s not a nice situation to be in.” The English …

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