Manchester United may have massive debt but it continues to head one direction – down.
In a ground-breaking deal United has reached an eight year $183m agreement with AON for the naming rights to the Red Devils’ Carrington training ground. Beginning on July 1st the training ground will be known as the “AON Training Complex.” The training ground name rights further buttresses AON’s commercial relationship with United, which includes sponsorship of United’s training kit, their annual summer tours and friendly matches.
The AON deal compliments other major sponsorship agreements that United has procured including the seven year $546m deal they signed with General Motors to have “Chevrolet” on their shirts starting in 2014. An AON source said the company were delighted with the training ground deal. “We are very aware and respectful of the fact some people will continue to call the training complex Carrington but in time, we hope they come to understand what the AON brand stands for,” said the source.
The sale of the Carrington sale prompted suggestions that United could end up selling the name rights to Old Trafford. That worry, however, was quickly dismissed by Ed Woodward, United’s executive vice-chairman, who confirmed that “Old Trafford will not be sold.”
Since borrowing $787m to complete their $1.2b takeover of the club seven years ago the Glazer family has become increasingly active in reducing Manchester United’s debt. In addition to massive sponsorship deals the decision to go public on the New York Stock Exchange last August has (as of February 2013) already cut the club’s debt to $550m, down 17 percent from a year earlier.
Manchester United supporters will hope that the next major sponsorship deal the club agrees to is an extension of the current $463m kit supply deal with Nike. February marked the start of an exclusive six-month negotiating period between United and Nike where part of the alleged agenda was to fund a bid to sign Cristiano Ronaldo from Real Madrid.
For now the new AON deal ensures that if the Portuguese winger does make a dramatic return to Old Trafford, United already have an additional $23m per year to fund his wages.
In a shocking twist, Chelsea could be prepared to bring back a former defender.
The Blues are reportedly lining up a bid for Brazilian central defender David Luiz, who exited the club two years ago to head to Paris Saint-Germain in Ligue 1. According to Daily Mail, Chelsea would pay up to roughly $41 million for the PSG centerback.
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Back in 2014, Chelsea received an astounding $65 million for Luiz from the French champions, but he has quickly grown out of favor with the club.
New manager Antonio Conte is looking to sure up the backline before end of the transfer window, and Luiz appears to be a final effort to do that after missing out on several defenders, including Napoli’s Kalidou Koulibaly.
AS is reporting that Tottenham could be in for Real Madrid midfielder Isco.
While Spurs currently boast one of the youngest and most promising teams in the Premier League, Mauricio Pochettino is reportedly keen on adding another playmaker into the fold as Isco’s future in Madrid is unknown.
Isco would leave on a loan deal, and while Spurs are seen as a contender for the Spaniard, Malaga is said to be interested in the player as well.
Manchester City defender Eliaquim Mangala could be on his way to Porto after joining the English side two years ago.
According to the Guardian, the 25-year-old would likely return to the Portuguese side on loan after disappointing for the Citizens since his arrival in 2014.
With the addition of John Stones this summer, Mangala has fallen further down the pecking order with new manager Pep Guardiola.
Middlesbrough has impressed at times during its return to the Premier League this season, and now the club looks to bolster its backline as the transfer window closes.
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The club announced the loan signing of Arsenal defender Calum Chambers on Tuesday, providing the Boro with a promising young player to contribute in the back.
Chambers, 21, has made 58 appearances in the PL with both the Gunners and Southampton, while also earning three caps for England.
Middlesbrough manager Aitor Karanka revaled his excitement over the signing, while also stating that the player addresses a big need on the backline.
“I’m really pleased,” said Karanka. “It’s a position where we’ve been working towards bringing the right player in. We haven’t been in a hurry because Calum was the player we were waiting for, and he’s going to help us a lot.”
The Gunners have been heavily criticized for not spending enough during the transfer season, however, Arsene Wenger has gotten the man he wanted to help out defensively.
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Arsenal announced the signing of Valencia defender Shkodran Mustafi on Tuesday, after the German centerback had been previously been linked to the club for some time as their top transfer target.
Mustafi will likely figure immediately into the Arsenal defense, which has also added Rob Holding this summer. The 24-year-old made over 64 appearances for Valencia while in La Liga after beginning his academy career in England with Everton.
Hope Solo hasn’t had the best couple of weeks since the U.S. Women’s National Team bailed out of the 2016 Olympics.
On Tuesday, the U.S. keeper announced her decision to take a step back from her club team as well after receiving a six-month ban from U.S. Soccer.
The veteran American shot stopper took to Twitter to make her decision known, leaving her status unknown with the Seattle Reign in the future. Solo remains under contract until the end of the current campaign, however, it is not known as to how her decision to sit out will affect her financially.
Solo wil be eligible to return to the USWNT in February, but it will be up to head coach Jill Ellis to reintroduce the 35-year-old into the fold.