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Chelsea negotiating for Romeo Lavia transfer to take Todd Boehly’s spending past £900m
Chelsea negotiating for Romeo Lavia transfer to take Todd Boehly’s spending past £900m
Chelsea are negotiating a fee of £50m with add-ons for Romeo Lavia, after the midfielder signalled his intention to leave Southampton for Stamford Bridge rather than Liverpool. The Anfield club had earlier on Monday had a £60m bid accepted for the 19-year-old and, while he was interested in going north, moving to London has proved a more favourable option. There was some frustration given that it was felt Liverpool could have had a deal done last week, but Southampton absolutely refused to drop their asking price from £50m, in what has proved a seller's market. The signing will take Chelsea's expenditure to over £900m gross since the takeover in May 2022, and raised questions over how they will meet Financial Fair Play requirements. While the spending has inevitably been the subject of a lot of discussion at the top levels of clubs, just as it has been in the wider game, there has been no contact with the Premier League about it. Chelsea are likely to still have a number of outgoings in the two weeks left of the window - although that does raise the issue of clubs knowing they need to sell. The Premier League are expected to change their rules to bring them in line with Uefa's, closing a loophole that allows transfer fees to be spread over a longer-period and setting a limit at five years, but that will not affect the last year's spending. The regulations are also dependent on the year-end date for signings and which year the transactions go into. Chelsea completed the signing of Moises Caicedo for an initial £100m from Brighton earlier on Monday. Read More Chelsea end Caicedo saga by signing Brighton midfielder for initial £100m Chelsea’s £1bn spending spree still isn’t enough Chelsea and Liverpool trial football without defensive midfielders
2023-08-15 05:29
Yamaha Continues Support for Conch Republic Marine Army
Yamaha Continues Support for Conch Republic Marine Army
KENNESAW, Ga.--(BUSINESS WIRE)--Nov 15, 2023--
2023-11-15 21:25
How BOE Went From Warning About 5% Rates to Closing In on Them
How BOE Went From Warning About 5% Rates to Closing In on Them
The Bank of England has changed its outlook dramatically since inflation first breached the 2% target in May
2023-05-13 13:51
Global Rate-Hike Marathon May Keep Going in Nordics
Global Rate-Hike Marathon May Keep Going in Nordics
Central banks in the US, euro zone and the UK are done raising interest rates for now, but
2023-11-19 05:57
Crowdfunded Real Estate Deals Unravel as Investor Funds Vanish
Crowdfunded Real Estate Deals Unravel as Investor Funds Vanish
Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial
2023-07-19 01:48
Okta says hackers stole data for all customer support users in cyber breach
Okta says hackers stole data for all customer support users in cyber breach
Okta said on Tuesday that hackers stole information on all users of its customer support system in a
2023-11-30 05:58
Exceptional rains in drought-struck northern Italy kill 6, cancel Formula One Grand Prix
Exceptional rains in drought-struck northern Italy kill 6, cancel Formula One Grand Prix
Officials say six people are now confirmed dead in northern Italy following floods from rain-swollen rivers
2023-05-17 20:53
Even Brief UAW Strike Seen Causing Billions in US Economic Damage
Even Brief UAW Strike Seen Causing Billions in US Economic Damage
Just when US automakers and the broader economy were shaking off the effects of the pandemic and semiconductor
2023-09-11 03:48
Jeffrey Epstein suicide blamed on jail guard negligence and misconduct: Justice Department watchdog
Jeffrey Epstein suicide blamed on jail guard negligence and misconduct: Justice Department watchdog
The Justice Department’s watchdog says “a combination of negligence and misconduct” enabled financier Jeffrey Epstein to take his own life at a federal jail in New York City while awaiting trial on sex trafficking charges
2023-06-27 22:20
Mitsubishi Motors Says Sticking With China Despite Poor Sales
Mitsubishi Motors Says Sticking With China Despite Poor Sales
Mitsubishi Motors Corp. has refuted reports that it plans to bow out of China as competition among automakers
2023-05-09 18:51
Bank of Canada holds interest rate 5%, warns of more tightening
Bank of Canada holds interest rate 5%, warns of more tightening
TORONTO The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy
2023-09-06 22:29
Weak auto production drives down 2024 platinum, palladium forecasts - Reuters poll
Weak auto production drives down 2024 platinum, palladium forecasts - Reuters poll
By Harshit Verma and Polina Devitt LONDON Analysts and traders have lowered their price forecasts for platinum and
2023-11-01 20:29