Man Utd make contact with Brighton over Moises Caicedo transfer
Manchester United make contact with Brighton over the potential signing of Moises Caicedo. The Ecuadorian is a primary transfer target for Chelsea and is valued by the Seagulls at £100m - a price based on West Ham's sale of Declan Rice.
1970-01-01 08:00
UEFA to prevent clubs spreading cost of transfers with lengthy contracts
Chelsea and other European clubs will no longer be able to spread a transfer fee across more than five years of a player’s initial contract after UEFA closed a loophole in its regulations. The Blues have signed a number of players on lengthy deals over the last two transfer windows, including handing eight-and-a-half-year contracts to Enzo Fernandez and Mykhailo Mudryk in January. The transfer fees are then spread evenly over the course of that contract, meaning the longer it is, the smaller the annual payments recorded on the club’s accounts. For instance, a £100million fee would be amortised at £20million a year with a five-year contract, but at only £12.5m a year if a deal was eight years. There is still nothing in the rules – which come into force from July 1 – preventing a club from spreading the cost by extending a contract, but for amortisation purposes that extension itself could not be for more than five years either. Clubs can still sign players to longer contracts if their national associations allow it, but the cost of the transfer fee must be amortised over the first five years unless the contract is extended. UEFA said the new regulations would not apply to deals already done, but would “ensure equal treatment of all clubs and improve financial sustainability”. European football’s governing body has also moved to prevent clubs colluding to inflate the value of players for accounting purposes. This follows the capital gains scandal involving clubs in Italy, which led to the entire Juventus board resigning in November last year. Clubs must assess whether a transaction counts as a straight swap, in which case it must be accounted for in line with international standards. International Accounting Standard (IAS) 38 states that if it is not possible to calculate the fair value of a player, profit on a sale cannot be recognised. UEFA confirmed Lisbon’s Jose Alvalade Stadium would host the 2025 Women’s Champions League final, and announced plans for a minimum standards framework for women’s national teams to ensure equality of player welfare standards and travel and training conditions. UEFA said the detail would be announced in due course. The 2024 and 2025 Europa Conference League finals are set to be staged in Athens and Wroclaw in Poland respectively. The Athens venue is a new arena, so will be assessed during AEK Athens’ European competition matches and Greece’s Euro qualifiers before being confirmed officially in December. Europe’s third-tier men’s club competition will be rebranded as the UEFA Conference League from 2024-25, dropping the word ‘Europa’ from its title following research among fans and commercial partners to further distinguish it from the Europa League. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Jonny Bairstow steals the show at Lord’s – Wednesday’s sporting social Everton to consult with fans about potential midseason stadium switch in 2024-25 Josh Tongue enjoys taste of Ashes but Australia in control at Lord’s
1970-01-01 08:00
Stefany Shaheen Co-Founder of Good Measures Appointed to President’s Council on Sports, Fitness & Nutrition
BOSTON--(BUSINESS WIRE)--Jun 28, 2023--
1970-01-01 08:00
Nigeria Vote Damaged Public Confidence in Democracy, EU Says
Nigeria’s elections this year were marred by problems that undermined public trust in democracy, European Union observers said.
1970-01-01 08:00
The first battery-powered trains have arrived in Europe
The Masaccio trains by Hitachi are Europe's first battery-powered trains, and are already running on regional routes in Italy. The hybrid trains can cut emissions and fuel consumption by 50%, with even more effective ones due to debut in two years time.
1970-01-01 08:00
Swiss National Bank's Maechler says inflation proving persistent
ZURICH Swiss inflation is broad based and more persistent than anticipated, Swiss National Bank Governing Board member Andrea
1970-01-01 08:00
NBA insider names 4 big free agents all likely to re-sign with their old team
Some of the major free agents could change the power structure of the league by switching teams. But one NBA insider pegs four big names who are staying put.According to NBA insider Howard Beck, four major free agents are looking to re-sign with their teams on long-term deals. Khris Middleton, D...
1970-01-01 08:00
Sparks vs. Sky prediction and odds for Wednesday, June 28 (Sky are must fade)
The Chicago Sky are in a massive slump, losing six straight games to fall to 5-9 on the season heading into their home matchup on Wednesday night against the Los Angeles Sparks.The Sky have been without a few key players Isabelle Harrison and Rebekah Gardner, and they’ve gone just 2-8 over...
1970-01-01 08:00
NHL Draft 2023: Everything to know about the likely top-3 picks
The NHL Draft will take place on Wednesday night, with Connor Bedard likely going No. 1 overall. Here's everything to know about the top-3 picks.The NHL season is now over. The Las Vegas Golden Knights are the Stanley Cup champions after a complete domination of the Florida Panthers. We hav...
1970-01-01 08:00
Best NRFI and YRFI bets today (Fade Boston's bats)
It’s that time of the summer when the sports world turns all of its attention to Major League Baseball. Even the College World Series is over, so for gamblers this is the time to lock in on the MLB and cash in because we have half a season’s worth of data to help make out picks.Tonig...
1970-01-01 08:00
BlackRock Joins AI Mania, Calling It a Potential ‘Mega Force’
BlackRock Inc. is betting on the AI boom as it latches onto the promise of productivity gains from
1970-01-01 08:00
Pittsburgh air quality: Will Pirates play today during Canadian wildfire smoke?
Smoke has blown over to the Eastern side of the United States after stnading in the midwest on Tuesday. Will it impact the Pirates game on Wednesday?On Wednesday, the Pittsburgh area is being impacted by smoke from the Canadian wildfire smoke polluting the air. The smoke hit the midwestern porti...
1970-01-01 08:00
