Radical proposals to change English football backed by heavyweights Liverpool and Manchester United have been met with swift criticism but Football League (EFL) chairman Rick Parry insists he will push forward with the plan.
BERN — The amount of money spent on international transfers in the window which closed on Monday dropped by more than 30 percent compared to the corresponding period last year amid the COVID-19 pandemic, global soccer body FIFA said in a report on Friday.
FIFA announced that a total of $3.92 billion was spent by clubs worldwide between June 1 and Oct. 5 in the transfer window this year, compared to $5.8 billion a year ago.
Barcelona must press on with plans to renovate Camp Nou in order to replenish revenues lost because of the COVID-19 pandemic, vice-president Jordi Moix told Reuters, adding that the $957 million project will pay for itself.
The club announced a financing deal with Goldman Sachs on Monday to modernize their iconic but run down stadium and raise its capacity from 99,000 to 105,000. Should the plan be approved by club members next year, building work can begin by June 2021 and will take around five years to complete.