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2023-08-24 17:00
Leeds gamble on £100m loan spree highlights broken transfer market
The £100m spending spree has lost its novelty value. When it may only yield a solitary player, when the biggest buyers’ summer expenditure could be double or even triple that, when £100m was far less than promoted Nottingham Forest paid out last summer, it may not feel like such an extraordinary event after all. But the £100m loaning spree represents an altogether newer development. The dynamic is different, too: the nine-figure sum may reflect the purchase prices of the players being borrowed, not the amounts their temporary employers will have to fork out to acquire their services for the season. Leeds United spent well over £100m buying players last season. The chances are that, by the time the window closes, they will have loaned out some £100m of signings – in terms of transfer fees paid rather than resale value now – this year. Which, in part, reflects the reality they could not sell them all, and perhaps any, for similar sums now. But Rasmus Kristensen, who cost around £10m, has joined Roma. Marc Roca, an £11m addition, headed to Real Betis for the season. The £13m defender Robin Koch has sealed his move to Eintracht Frankfurt. The £18m centre-back Diego Llorente is back at Roma, where he spent the second half of last season. The £25m Brenden Aaronson has gone to Union Berlin for the campaign, trading the Championship for the Champions League. Between them, they cost around £77m of Leeds’ Premier League revenue. Another loan or two – and if, for different reasons, Tyler Adams, Luis Sinisterra, Jack Harrison, Junior Firpo and Georginio Rutter might be expected to either be sold or stay but could yet prove contenders – then maybe Helder Costa and Dan James could take the total over £100m. All of which would reflect a shift in the transfer market. Relegated clubs have long been raided for players, sometimes for cut-price fees, but they tended to be bought, not borrowed. So far, Leeds’ only sale is Rodrigo, a scorer of 13 Premier League goals last season leaving – albeit in his thirties and with a lone year left on his contract – for just £3m. But they have been busier in a newer market: for loanees. It highlights several elements. Premier League clubs have had increasing difficulty selling to mainland Europe for meaningful fees in recent seasons; Championship clubs with footballers acquired for the top flight and caps for major countries stand still less chance of trading on their preferred terms. Perhaps Leeds came to that pragmatic conclusion early in the window; certainly opportunistic continental clubs realise they can acquire high-calibre players for nothing more than their salary and the occasional loan fee. In addition, there seems a recognition that players who signed up for a newly promoted outfit – as Koch and Llorente did in 2020 – or one who had just dodged the drop, as Leeds had when Aaronson, Kristensen and Roca joined in 2022, would not be expected to brave the EFL. With a dramatic drop in income, even with parachute payments softening their fall into the lower leagues, Leeds needed to reduce the wage bill. In some circumstances, it can be more of a priority than the prospect of transfer fees. Leeds will not recoup £77m for the quintet, but there are different tales among them: with Koch entering the last year of his deal, his Leeds career is in effect over; Llorente signed a new deal until 2026 in December, when demotion was a possibility and shortly before being loaned out; Aaronson, a 22-year-old, with four years left on his contract, could yet have plenty of Premier League football ahead of him at Elland Road. If part of the gamble is that Leeds can come back up, perhaps allowing them to inject loanees back into their squad with their (supposedly) greater quality in 12 months’ time, there is also the prospect that if they do not, then they are sent out for a further year elsewhere in 2024 because there are no buyers. It underlines an economy of risk: if some purchases don’t just lose some but all of their transfer value when a club is relegated, the money spent by the bottom-half Premier League clubs is likelier to end up wasted. In the meantime, there is a logic to Leeds’ actions, disposing of players who may not want to play in the lower divisions early in the window, to rebuild around their core of Championship stalwarts, young players and Brits, to giving new manager Daniel Farke something of a clean slate. For now, their squad is looking slender. There is a way to alter that. Because the recent history of the Championship shows one of the keys to exiting it in the right direction is to make astute loan signings – as Burnley did with Nathan Tella, Taylor Harwood-Bellis and Ian Maatsen, Sheffield United with Tommy Doyle and James McAteer or Luton with Ethan Horvath, Marvelous Nakamba and Leeds’ Cody Drameh last season – from Premier League clubs. If the age-old wisdom was to neither a borrower nor a lender be, Leeds may hope it will pay to be both. Read More Harry Maguire’s fall from grace shows Manchester United captaincy is a hospital pass Looking back with pride and forward with anticipation – Friday’s sporting social NBA star Russell Westbrook joins Leeds United ownership group It’s done – Jordan Spieth and Justin Thomas take minority stake in Leeds
2023-07-18 15:06
On this day in 2011: Liverpool sign Jordan Henderson from Sunderland
Liverpool signed Jordan Henderson from Sunderland on this day in 2011. The deal for the 20-year-old England midfielder was reported to be worth £16million. “Obviously it’s hard to leave your local club. I’m a Sunderland lad, I’ve supported them all my life,” Henderson told the Liverpool website. “But this is a massive opportunity for me. I’m really excited by it. “Coming to a massive club like Liverpool, there is always going to be competition. “Hopefully I can keep working hard, keep improving, and get my chance on the pitch.” Henderson picked up a winners’ medal in his first season at Anfield as Liverpool beat Cardiff in a Wembley penalty shoot-out to win the 2012 League Cup. He became Liverpool’s vice-captain in September 2014 and was appointed skipper the following July after Steven Gerrard’s departure. Henderson has gone on to lift seven trophies as Liverpool captain under Jurgen Klopp – the Premier League, Champions League, FA Cup, Carabao Cup, FIFA Club World Cup, UEFA Super Cup and Community Shield. He was named the 2019-20 Football Writers’ Association’s Footballer of the Year as Liverpool ended a 30-year wait to become champions of England. The 75-times capped Henderson has played 492 games for Liverpool, with only Jamie Carragher and Gerrard making more Premier League appearances for the club. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-09 13:00
Old but more than old school, Dusty Baker and Bruce Bochy shining as MLB's oldest managers
Dusty Baker and Bruce Bochy are the two oldest managers in the majors and are facing off in the AL Championship Series
2023-10-17 18:00
How did Johnny Ruffo die? Tributes pour in for 'Home and Away' and 'The X Factor' star who was 35
Johnny Ruffo died following cancer battle
2023-11-10 14:27
South African factory activity contracts further in July - Absa PMI
JOHANNESBURG South African manufacturing activity contracted for the sixth consecutive month in July, driven by an increase in
2023-08-01 17:01
Argentina market analysts see silver lining in Peronist election win
By Jorge Otaola and Walter Bianchi BUENOS AIRES A surprise first place for Argentina's ruling Peronists in a
2023-10-23 11:34
Uber Eats will now let you order from multiple locations at once without fees
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2023-10-11 21:00
Nearly a fifth of parents fear children will ignore health issues while at university
Nearly a fifth of parents fear their teenager will ignore a health issue while at university, as many self-diagnose on Google, research has found. Just 13 per cent of the 2,000 parents polled think their son or daughter would consult a proper doctor as soon as they feel unwell. More than one in 10 (12 per cent) think their offspring would be too lazy to seek medical attention, and 11 per cent fear they do not make their health a priority. The study of parents whose children either attend university, have done in the past or plan to soon, by Bupa Family+, also found that many (53 per cent) said their child thinks they are ‘invincible’ and nothing bad will ever happen to them. And as thousands of students prepare to start university, 56 per cent of parents feel excited for their child while 41 per cent are anxious. Dr Naveen Puri, GP and spokesperson for Bupa Family+, which commissioned the research to support the launch of its Family+ insurance proposition built around savings on health insurance for families, said: “All parents worry about their children, whatever their age. “But it can be especially difficult when they move out for the first time and become more independent – and you are no longer nearby to help them. “As a child and even a young adult, when you are unwell or have a health issue, your parents are often your first port of call, or even the ones spotting something is wrong in the first place. “They are usually the ones pointing you in the right direction, sorting appointments and arranging medication you might need. “Moving out or going to university is both an exciting and daunting time for all the family and we hope our new Family+ cover, which also insures older children, will help provide peace of mind to parents and their children alike.” It also emerged that parents’ top fears for their children as they embark on life away from the family home include their financial situation (44 per cent), their mental health (43 per cent), and whether they will be lonely (43 per cent). Others worry about who they will be spending time with (31 per cent), if they’ll know how to look after themselves (32 per cent) and what they’ll do when they feel unwell (23 per cent). And 64 per cent of those who have a child who has already left home admitted they have even lost sleep worrying about them. It emerged that 55 per cent think they would still be the first port of call for help or advice if their child felt unwell despite no longer living under the same roof. Ahead of them moving out, 63 per cent of parents will teach them how to manage their finances, while 59 per cent give tips on how to cook healthy meals. Others show their child how to use a washing machine (56 per cent), how to drink responsibly (40 per cent) and how to deal with mental health concerns (43 per cent). The study, carried out via OnePoll, also revealed girls are considered more likely to take care of their physical (43 per cent) and mental (41 per cent) health than boys (13 per cent and 11 per cent). Dr Naveen Puri, GP and spokesperson for Bupa Family+ said: “Our health is so important, and it can be worrying for parents that their child may be unwell when they aren’t there to help. “Making sure they have the knowledge about what to do in different health situations is a great way of not only ensuring they can look after themselves but also allows you to relax a little knowing they have the tools they need.” Here are the top reasons why parents worry their child would ignore health issues: 1. Googling and self-diagnosing 2. Being too lazy 3. Health is not a priority 4. Embarrassed to talk about their health 5. Worried a GP would judge them Read More ‘It can be hard when your kids leave the nest,’ mother says as study finds parents want their children back How to cope with anxiety during university How often should you wash your pyjamas? ‘My baby’s blue eyes drew praise – but their colour was a warning sign’ Brits get itchy feet in their home after five years, study finds
2023-09-19 22:12
Bond Managers of $2.5 Trillion Make Case for Leaving Cash Behind
For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit
2023-11-21 18:00
Mumbai air worse than Delhi this week
Withdrawing monsoon rains and constructions work have caused the air quality to deteriorate, officials say.
2023-10-20 14:38
Don't assume rates and inflation will settle back down - BoE's Greene
LONDON Megan Greene, who is due to join the Bank of England's Monetary Policy Committee this week, said
2023-07-03 21:40
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