
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

Aston Martin, Lucid Surge After Saudi-Backed EV Supply Pact
Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting
2023-06-26 22:45

Hedge Funds Say It’s Too Risky to Short Dollar on US Rates Hazard
The dollar’s recent strength has confounded naysayers, and according to some hedge funds, the rally isn’t over. K2
2023-09-07 07:56

US Spy Chief Made a Secret Visit to China Last Month
CIA Director William Burns made a secret visit last month to Beijing, where he met with Chinese intelligence
2023-06-02 23:53

Govt and Fiat-owner Stellantis agree on need to boost car production in Italy
By Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Italy's Industry Minister and the head of Stellantis agreed on Monday on
2023-07-10 20:23

Asian stocks edge lower amid gloomy China data as US CPI looms
By Kevin Buckland TOKYO Asian stocks eased back from more than two-week highs on Tuesday as traders squared
2023-05-09 14:49

Auto tycoon Ghosn files $1 billion lawsuit in Lebanon against Nissan over his imprisonment in Japan
Lebanese officials say auto tycoon Carlos Ghosn has filed a $1 billion lawsuit against Nissan and about a dozen individuals in Beirut over his imprisonment in Japan and what he says is misinformation spread against him
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Ulta Beauty raises annual forecasts, longtime CFO Settersten to retire
Ulta Beauty on Thursday raised the lower end of its full-year profit and sales forecasts helped by buoyant
2023-12-01 06:47

German Budget Mess Could Inflict Big Growth Hit in 2024, BE Says
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as
2023-11-23 20:50

Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing
Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities
2023-05-16 23:48

Unleash the Best of Black Friday with Fanttik’s Exclusive Deals, Offering Up to 50% Off
HOUSTON--(BUSINESS WIRE)--Nov 13, 2023--
2023-11-13 16:22

Cambodian PM Walks Back on Pita Defeat Post After Twitter Storm
Cambodian Prime Minister Hun Sen landed in the middle of a social media hailstorm after he celebrated the
2023-07-14 18:48
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