The true cost of Man United’s £150m summer spree

first_img1 Louis van Gaal with Radamel Falcao and Daley Blind Following their incredible summer recruitment drive costing upwards of £150m and the subsequent publication of their most recent finances, one of the questions to arise out of Manchester United’s spending has been how it will it fall in line with UEFA’s financial fair play regulations?Indeed, while they have shown they certainly have the funds to spend extravagantly, even for a club the size of United’s their outlay this summer has been titanic. When the transfer fees and cumulative wage packets are amortised over the length of a player’s contract, however, then it becomes a much more manageable level of investment for the club.Clubs tend to use this approach to account for their spending by spreading the total cost of a player (transfer fee and wages) across the length of their contract. This makes it easier for accounting purposes and assumingly lessens the burden on the club’s future cashflow, making it easier for them to manoeuvre in the transfer market.Of course, there are instances when it is reported that clubs will be paid a proportion of a transfer fee up front. As far as United are concerned, this is not believed to be the case this summer, so scroll down to see how much the Red Devils’ summer spending has truly cost the club.Ander HerreraTransfer fee: £29mAnnual wage: £2.4mContract length: Four yearsAmortised cost: £9.75m-per-yearLuke ShawTransfer fee: £31.5mAnnual wage: £5.2mContract length: Four yearsAmortised cost: £13.075m-per-yearMarcos RojoTransfer fee: £16mAnnual wage: £3.9mContract length: Five yearsAmortised cost: £7.1m-a-yearAngel Di MariaTransfer fee: £59.7mAnnual wage: £10.4mContract length: Five yearsAmortised cost: £22.34m-a-yearDaley BlindTransfer fee: £14mAnnual wage: £3.9mContract length: Four yearsAmortised cost: £7.4m-a-yearRadamel FalcaoLoan fee: £6mAnnual wage: £10.3mContract length: One year loanAmortised cost: £16.3m-a-yearTotal: £75.965m (fees and wages for the season)Man United fans, are you pleased with your squad? What area(s) do you think need strengthening? Comment below…Sources: Man United club website; Manchester Evening News; The Guardian; The Telegraph; AS; The Independentlast_img read more

Drake Hosts Raise The Purse Luncheon

first_img“I would like to thank our chair members Suzie Burt, Irene Knapp and Ginny Knapp Haviland. Their support for this event really shows the power of philanthropy in the Des Moines area,” said Drake Associate Athletics Director Patrick Tomka. “The event helped us showcase Drake University and the athletic department to a new audience and it was fun to see everybody so engaged.” The luncheon closed with comments from Director of Athletics Sandy Hatfield Clubb and head women’s basketball coach Jennie Baranczyk, who shared the vision of Drake Athletics, which is to make world a better place one Bulldog leader at a time through living the Bulldog Way. The event began with a silent auction featuring more than 150 gently used designer and high-end purses and handbags and several Drake Athletics-themed bags. Following the lunch, a live auction, including a number of VIP packages took place. DES MOINES, Iowa – The Drake University Athletic Department partnered with the Old Bags® to host the Raise The Purse luncheon on Thursday in the Courtside Club of the Shrivers Basketball Practice Facility. The Old Bags Luncheon® is a national fundraising platform and thanks to the leadership of faithful supporter, Suzie Burt, Old Bags® partnered with the Bulldogs for their first ever fall fundraiser. Print Friendly Versionlast_img read more

‘Playing against men’ helping QPR youngster Furlong develop

first_imgQPR youngster Darnell Furlong believes his loan spell at Northampton will aid his development.The 19-year-old right-back has played seven times for the Cobblers, who are unbeaten in the league since he joined last month.His deal has been extended for a further month and Furlong says regular first-team football in League Two is better for him than playing for Rangers’ Under-21s.He said: “Instead of playing against people my age and a little bit younger, I’m playing against men who have been in the game for a long time now.“The team have been great. On the pitch, they’re always talking and giving me pointers. It’s a great experience.“For me personally it’s been a learning curve. I’ve been doing alright, I’ve enjoyed it and I’m going to continue to.”Furlong, the son of former Rangers forward Paul, has featured once for QPR’s first team this season, in the League Cup defeat at home to Carlisle.He made his senior debut against Hull City last season and has made a total of four first-team appearances for the R’s so far.See also:QPR’s Furlong makes loan moveNorthampton keen to extend Furlong loanLoan deals for two QPR youngstersFollow West London Sport on TwitterFind us on Facebooklast_img read more

Stephen Curry wished his latest milestone played out differently

first_imgKlay Thompson subscribes. You can too for just 11 cents a day for 11 months + receive a free Warriors Championship book. Sign me up!OAKLAND – As soon as Stephen Curry reached yet another milestone, the Warriors’ star showed his wide range of emotions.First, there was excitement. Curry surpassed Chris Mullin as the Warriors’ fourth all-time leading scorer by nailing a deep 3-pointer in the third quarter of the Warriors’ eventual win over the Denver Nuggets on Tuesday at Oracle Arena. After …last_img read more

Richie Incognito leaves Raiders HQ without signing, but deal still possible

first_imgVeteran offensive lineman Richie Incognito worked out for the Raiders at team headquarters on Monday, according to a source, and there’s mutual interest between the two sides. At 35 years old, Incognito is in “fantastic shape physically and mentally,” one source said.Incognito left the Raiders’ facility Monday afternoon without signing, according to a source, but a deal in the near future remains a possibility.Incognito has been in his fair share of headlines over the years, some far worse …last_img read more

Union Minister Prahlad Patel’s son arrested on attempt to murder charges

first_imgUnion Minister Prahlad Patel’s 26-year-old son has been arrested in an attempt to murder case, following an attack that left five people injured in this district of Madhya Pradesh, police said on Tuesday.Mr. Patel’s son Prabal was among the seven persons arrested in connection with the attack on a group of persons at Gotegaon town on Monday night, they added. The Union Minister’s nephew, Monu Patel, whose father is a sitting Bharatiya Janata Party MLA, has also been booked in the case, but not arrested yet. Prahlad Patel, the BJP MP from Damoh, was recently inducted in the Union Cabinet as the Minister of State (Independent Charge) for Tourism. “The victims have alleged that Prabal Patel (26), Monu Patel (27) and about a dozen others attacked them at Bailhai Bazaar around 11.30 p.m. on Monday. Gunshots were also fired, which hit one person. Seven persons, including Prabal Patel, were arrested in this connection,” Superintendent of Police Gurukaran Singh said.Yet to be arrestedMonu Patel was yet to be arrested and a search to nab all the other accused was under way, he said. Prabal Patel has been named as the main accused in the case, the police said. Monu is the son of Prahlad Patel’s younger brother Jalam Singh Patel, a ex-Minister and the sitting BJP MLA from Narsinghpur.last_img read more

Premier Touch Summer season starting soon

first_imgThe Summer season of Premier Touch in Brisbane is starting in early December. Eight competitions will be running over three nights weekly across four locations:Monday – Bardon, Chermside and FairfieldTuesday – Mt Gravatt and FairfieldWednesday – Bardon, Mt Gravatt and FairfieldFor more information, please visit www.premiertouch.com.au or contact the Premier Touch office on (07) 3373 8233 or [email protected] LinksSummer Season Startinglast_img

Idle No More protests continue from one community to another

first_imgAPTN National NewsHundreds more took the streets in Lethbridge and Regina as part of the ongoing protests against Bill C-45.The bill passed the Senate and received Royal Assent Friday.But First Nations across Canada say they’re not slowing down their protests.APTN National News reporter Noemi LoPinto has this story.last_img

Commentary The roar likely will never be restored for Tiger Woods

The man who electrified the sporting world when he won the 1997 Masters by a record 12 strokes at the age of 21 is not the player he once was. Tiger Woods is now 35 years old. He is still on pace to break Jack Nicklaus’ record of 18 major victories. However, Woods has gone 11 majors without winning, the longest streak of his career. Heck, he hasn’t won since Sept. 23, 2009. That’s not to say Woods still won’t break Nicklaus’ record. In early March, Nicklaus said it was too early to dismiss Woods’ chances. But that was before the Masters performance Woods turned in this past weekend. Yes, the literal “Tiger roar” returned to Augusta, Ga., as Woods made a Sunday charge on the front nine. In the past, Woods has made clutch putt after clutch putt to run away with the victory while others faded. That didn’t happen this weekend. He missed short putt after short putt. Even after leader Rory McIlroy collapsed, Woods couldn’t capitalize, and finished No. 33 in putting at the Masters. It’s fair to say the aura is gone. The younger players aren’t scared of Woods anymore. Sure, McIlroy buckled. But Jason Day, Adam Scott and the eventual Masters champion, Charl Schwartzel, all of whom are younger than Woods, didn’t blink. The 26-year-old Schwartzel birdied his last four holes on Sunday. How’s that for wilting under Woods’ pressure? Pressure is something Woods also puts on his body. Even his revamped swing involves incredible torque on his left leg. Shortly after he won the 91-hole 2008 U.S. Open, Woods revealed he’d been playing with a torn ACL in his left knee for more than 10 months, and had also suffered a double stress fracture in his left leg two weeks before the U.S. Open. Woods’ surgery to repair his left knee following the tournament was the third on his left knee since 2003. On Monday, Michael Wilbon, co-host of ESPN’s “Pardon the Interruption,” said Woods should play more in order to induce more muscle memory and that Woods can’t afford to take so many tournaments off in between majors anymore. But, it appears Woods has no plans of doing that. Early last month, Woods was asked why he’d only played nine competitive rounds so far in 2011. “Well, because I have a family. I’m divorced,” Woods said. “If you’ve been divorced with kids, then you would understand.” The only court Woods had to appear in following his personal transgressions was divorce court. He split from former wife Elin Nordegren on Aug. 23, 2010 — but he was executed in the court of public opinion. Perhaps he truly has become a family man. Whether it’s an incomplete game, a lost aura, an injury history or family devotion, it’s clear Woods is a different man. What remains to be seen is whether he can break Nicklaus’ record, something that’s always been his No. 1 goal. read more

Buffon nearly joined Barcelona – agent

first_imgThe agent of Gianluigi Buffon has revealed that his client was close to completing a transfer to Barcelona in the summer of 2001After being named the Serie A goalkeeper of the year for a second time at the end of the 2000/01 season for Parma, Buffon was being heavily pursued by Juventus in that summer transfer window.But his agent, Silvino Martina, has now revealed that the Turin side had only decided to step up their interest in signing Buffon, when they learned that Barcelona had tabled a bid for the then 23 year-old goalkeeper.“Barca looked to have bought Buffon, they had an agreement with Parma,” said Martina, according to Football-Espana.Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.“After that, Juve woke up and Gigi did not think twice. We also had a meeting with Bronzetti, a close friend of Florentino Perez, after the Juve-Real game in 2005.“Madrid were interested, but it didn’t amount to any real negotiations.”Buffon joined Juventus in July 2001 for a world-record fee of €51 for a goalkeeper and since gone on to win the Serie A title for the Turin side eight times.last_img read more