Sunday, July 31, 2016

Premier League transfer fees poised to break record

With one month of the transfer window left remaining, English Premier League clubs are poised to push escalating fees closer to another new record this week. The projected move of France midfielder Paul Pogba from Juventus back to Manchester United for a world record one hundred million pounds ($132.3 million) would take spending by the 20 teams to almost £600m, adding to the £175m recorded by accountancy firm Deloitte in the January window. Last year was the first in which annual fees reached one billion pounds. So far this close-season Arsenal – criticised in the past by many supporters for not spending enough – have recorded the highest individual outlay by paying £35 million for Swiss midfielder Granit Xhaka. But Pogba's proposed return to Old Trafford would dwarf that and all other sums in the history of the sport, smashing the world record of £85.3 million that Real Madrid paid for Wales forward Gareth Bale three years ago. Arsenal manager Arsene Wenger is among those who are bemused by how high fees have risen but still believes there is no longer any limit. "Since I've been in the sport I always thought it can't go any higher up and I've always been wrong," he told...

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