Rafael Leao ended a difficult week with the only goal in Saturday's 1-0 win over Verona which drew AC Milan level with Serie A leaders Inter Milan, while Juventus fell to their first...

Mauricio Pochettino reveals the latest on Man Utd's interest in Chelsea left-back Marc Cucurella.

Ukraine and its allies will be at the whim of American voters once again next year if the winner of the US election is not as enthusiastic about defending democracy on the European continent as President Joe Biden has been over the last fifteen months.

BOSTON--(BUSINESS WIRE)--Oct 25, 2023--

Championship clubs’ spending on wages exceeded revenue for a fifth successive season in 2021-22, according to a new report. Deloitte’s Annual Review of Football Finance found second-tier teams’ combined wages-to-revenue ratio was an astonishing 108 per cent, as clubs continued to chase the dream of reaching the Premier League. Nottingham Forest, who ultimately succeeded in reaching the top flight at the end of the 2021-22 season via the play-offs, spent almost 200 per cent more on wages than they earned in revenue – £58.6million compared to £29.3m – in their promotion year, according to figures in the Deloitte report. Championship clubs’ total revenue was up 13 per cent in 2021-22 compared to the season before, reaching £676million. However, while wage costs fell for a second consecutive year, they remained higher than revenue for the fifth season in a row. Tim Bridge, lead partner in Deloitte’s Sports Business Group, said: “The glamour of Premier League promotion is spearheading the continual drive for investment in Championship clubs, often in an unsustainable manner, driving some clubs to overstretch financially. “It is critical that long-term decisions are now made by clubs’ owners and, with the introduction of the independent regulator, focus will turn to improving the distribution mechanism of revenues between the leagues and clubs. “This must be accompanied by appropriate governance and financial controls to ensure that any proposed solution is suitable and sustainable.” EFL chairman Rick Parry believes the disparity in revenue between the Premier League and the Championship has created a “cliff edge” between the leagues, and argues parachute payments are also fuelling inequality within the Championship. Deloitte’s report underlines the value to clubs of reaching the Premier League. Relative to the 2022-23 season, it says revenue from broadcasters is expected to provide a minimum uplift of more than £90m for Luton, approximately £84m for Sheffield United and £54m for Burnley, with both of those two clubs in receipt of parachute payments whilst participating in the Championship. The report said that should a club suffer immediate relegation, assuming they are not in receipt of parachute payments at that point, under existing arrangements the parachute payments from the Premier League will continue to provide an uplift over the following two seasons of at least £80m. For a Championship club not otherwise in receipt of parachute payments, the value of promotion will be at least £170m across the next three seasons and, if a club survives their first season in the Premier League, they will be entitled to three seasons of parachute payments and the incremental revenue will be over £290m across five years. Discussions over a new financial settlement between the two leagues are ongoing. The Government said in its White Paper on football governance that a new regulator will be given backstop powers to impose a settlement if one cannot be agreed, but it is unlikely the regulator will be up and running until 2024-25 at the earliest. Parry accepts that reform of the distribution package has to go hand in hand with cost control measures, which are also part of the ongoing ‘New Deal For Football’ talks between the EFL, the Premier League and the Football Association. What we really want to see in the English game is a variety and diversity of clubs coming through the league at different points in time Tim Bridge, lead partner in Deloitte’s Sports Business Group Bridge believes it is vital for the leagues to see the common ground they share to resolve the dispute on distribution. “The point I would make is that the longevity of the Premier League and the ability for clubs to move up and down between the Premier League and the Championship and to achieve variety in those clubs is a good thing for the overall brand and the marketing position of English football,” he said. “Part of the beauty of the Premier League is always that any team can beat any other team. And so at any one point in time, what we really want to see in the English game is a variety and diversity of clubs coming through the league at different points in time, bringing new storylines, bringing new faces to the league because frankly that keeps it fresh.” Wage spending in the Premier League in 2021-22 grew by £192m compared to the previous season, but this was outpaced by a £586m increase in revenue, meaning the top flight’s wages-to-revenue ratio fell for the second consecutive season from 71 per cent to 67 per cent. That is still a significantly higher ratio than the average of the three seasons pre-pandemic up to 2018-19 – 58 per cent. Across Europe’s ‘Big Five’ leagues as a whole however, revenue growth was outpaced by wages, which stood at 12.3 billion euros (£10.5bn). This comes at a time when the continent’s football governing body UEFA has introduced new financial sustainability regulations, including a cost control rule which by 2025-26 will limit a club’s spending on wages, transfer fees and other player and coach costs at 70 per cent of turnover. UEFA could go even further in the future, with president Aleksander Ceferin raising the possibility of a Europe-wide salary cap in an interview in April.

By Devayani Sathyan BENGALURU The Reserve Bank of Australia will keep its key interest rate unchanged at 4.10%

Jill Scott has sent a message of encouragement to the Lionesses ahead of their World Cup semi-final showdown against co-hosts Australia. The former England midfielder - who was part of the Euro 2022 winning squad last year - told the current crop of stars to be themselves and “put on a show”. “Keep doing what you’re doing, you’ve got so many fans from around the world,” Scott said. “Go out there, put on a show for the fans, we’re all so proud of you. A massive good luck from me.”

Tua Tagovailoa suffered a gross gash on his arm.

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A meeting between the presidents of the US and China is necessary and can help dial down tensions

Gareth Southgate says facing “revitalised” Italy will be a great test of where England are at as they attempt to seal European Championship qualification with two matches to spare. The Euro 2020 runners-up can wrap up their place at next summer’s finals in Germany in Tuesday evening’s mouthwatering Group C clash against the Azzurri at a sold-out Wembley. It will be the nations’ fourth meeting since Italy beat England on spot-kicks in the Euros final just over two years ago but their first reunion under the arch, with their previous meetings coming in Wolverhampton, Milan and Naples. The Azzurri return to Wembley a far different side from when they became continental champions there, with Luciano Spalletti in charge of a new-look team that host Malta on Saturday evening before heading to London. “Italy look revitalised under Spalletti,” Southgate said. “They were excellent against Ukraine last month. They’re a top-10 nation. “We’ve talked about these top-10 games and the importance of them, the challenge of them. “We have the chance to qualify for the European Championships with two games to spare. “But also it’s a great test of where we are as a team and, yeah, it’s a challenge we’re really looking forward to.” The Euro 2024 qualifier completes England’s October doubleheader at Wembley after securing an unconvincing 1-0 friendly win against unfancied Australia on Friday. Returning Ollie Watkins secured Southgate’s much-changed side victory against the surprisingly dangerous Socceroos on a night when stand-in skipper Jordan Henderson was booed off the field. The England boss defended the Al-Ettifaq midfielder and felt his experience was key having taken a risk by making 10 alterations in an experimental line-up against the Aussies. “I don’t think it was a win because of how we played,” Southgate said. “We had enough quality on the pitch to be able to create a couple of important moments. “But we know that all the changes, the inexperience of the team, made it was really tough for the players that played. I set them a really difficult challenge. “It was great that they got the win. It was important to keep winning because if we if we lose the game or you give a goal away at the end then you leave here on a bit of a low. It sets the game up now with Italy. “In the end, it’s very hard to prepare the squad when they know ultimately this week really is about the Italy game and it’s impossible to dress that up any other way. “But for the players that played, for some of them their Wembley debut, for some of them their England debut. Massively important nights for them.” Arsenal striker Eddie Nketiah made his England debut as a second-half substitute against Australia, while versatile Chelsea defender Levi Colwill made his bow from the start. “Important first steps for them,” Southgate said of the debutants. “I mean, Levi is a young defender. We know he’s not a left-back first choice, but he’s filling that slot for his club. “What we tried to do is start with a team where everybody was pretty much in the roles they’re playing with their clubs, so that it was as smooth as it could be. “But in the knowledge that we didn’t have a lot of caps on the field, we didn’t have a lot of leadership. “Normally, we’d be putting one or two of those lads in with a lot more experience and a lot more continuity, so it was extremely hard for that group of players.” Southgate came away from a challenging friendly pleased with a number of individual displays, highlighting Trent Alexander-Arnold’s problem-solving as he learns more about being a midfielder. Matchwinner Watkins’ movement and positioning was praised after scoring on his first England appearance since March 2022, while Lewis Dunk’s development continues to impress his boss. The Brighton defender won his third cap in central defence alongside Fikayo Tomori, who was replaced by John Stones in the 62nd minute as he continues his recovery from a hip issue. “Thirty minutes for John Stones was very important for us, to get him onto the pitch,” Southgate said of the Manchester City defender, who made his first Premier League appearance last weekend. “We’re managing that recovery carefully, we’re combining really well with his club on all of that. “But he’s a world-class player, and it was great to get him up and running.” Read More Chelsea defender Levi Colwill looking to build on ‘amazing’ England debut Home advantage key after Turkey shake up group – Wales v Croatia talking points Ollie Watkins credits Unai Emery for helping him return to England squad Talking points as England face Fiji in World Cup quarter-finals Daniel James insists Wales can still qualify for Euro 2024 I feel sorry for the manager – Chiedozie Ogbene sympathises with Stephen Kenny