So long, Boleyn Ground; West Ham agree to sell to developer as part of Olympic Stadium move

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West Ham United have agreed to sell the ground at Upton Park once they have completed their move to the Olympic Stadium in 2016.

Boleyn Ground will be sold to London developer Galliard Group, who were selected as purchaser from a number of national and international companies. Galliard is said to have impressed the club with their links to the local community and their pledge to honor the history of the ground, which has been West Ham’s home since 1904.

New homes, retail and leisure facilities, underground parking, art work and development of a central landscaped garden (to be named the “Bobby Moore Memorial Garden”) are all in the plans for Galliard. Each building in the development will be named after a West Ham player, with fans and local residents deciding who deserves the honor.

West Ham vice-chairman Karren Brady broke the news through West Ham’s official website: “We opted to reach an agreement with Galliard because they are a local London developer and employer with origins in east London.

“We know they are committed to working closely with the local community and Newham Council on proposals to transform the site into a residential and retail village, which will benefit the local community and east London’s regional economy.

“The deal demonstrates that we have been true to our word by securing the regeneration of two areas of east London through our move to the Olympic Stadium in 2016.

“In addition, and most importantly for us, we can see that Galliard are passionate about working with West Ham United to engage supporters to help deliver a fitting legacy that will honour the tradition of the famous ground.

“We are confident that West Ham United fans will be excited about their vision and the way they plan to respect more than 100 years of West Ham history at Upton Park.”

While moving to the Olympic Stadium will provide West Ham with a state-of-the-art stadium that has an 80,000 seat capacity, many will feel the decision to move the club and sell the ground represents all that’s evil in modern football.

Stadiums like Upton Park are what fans think of when talking about the history of the English game. More than history, Old English stadiums represent a sense of purity that has dissolved in the modern era of billionaire overseas owners and technologically advanced structures.

Some old school fans argue that places like Boleyn Ground should be restored rather than torn down and moved away from the location that’s been the club’s home for over 100 years. But realities like money (West Ham owners will pay only £15m towards the £600m cost of the Olympic Stadium’s 99-year lease) and an unstable infrastructure (the current 35,000 seats are barely supported) make restoration an impossibility.

The reality is that Upton Park is already a long, long way from the hey-days of terraces and the ‘Academy of Football.’ The evolution from old school to new school doesn’t happen overnight, it just tends to feel that way when a club announces the sale of such a hallowed ground.

Boleyn Ground, you will be missed.

How can PSG sign Neymar from Barcelona?

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The biggest transfer deal in soccer history is probably also going to be the most complex.

With UEFA’s Financial Fair Play rules halting Paris Saint-Germain, Manchester City and many others from spending even more cash over the past few seasons, talk of Neymar’s potential $255 million transfer from Barcelona to PSG boggles the mind.

How can PSG pull this off and not break UEFA’s FFP rules? Well, here’s a deeper look at the numbers and how it could work.

If Neymar’s transfer did go through and his wages are as astronomical as reported — all-in the transfer fee, wages and other fees would top $586 million, with wages of over $50 million per year — then PSG have to bring in some huge finances from sponsors, ticket sales and move on some other players, right?

Not quite.

Under the interpretations of FFP rules, the sums are added up each season and the players’ value is amortized over the length of their contract. So, if the contract for Neymar was split up over five years PSG would put that down as $50 million per season, plus whatever they owed on the transfer fee if they were paying it off in installments.

A little more manageable, if still absurd.

When it comes to Neymar’s release clause set to be triggered, that usually means all of the cash is needed straight up. Tricky. What is more likely is PSG will pay $100 million and then stagger the rest of the fee over a five-year period, if Barca agree to it.

There are always many, many complexities to these type of deals, and especially with Neymar’s former club Santos potentially having a sell-on clause and many other factors such as loyalty fees, bonuses, agent fees and more.

PSG chairman Nasser al Khelaifi will have plenty of work to do to get this deal done and there are also reports in Spain that the Qatari government could enter into a separate agreement to pay Neymar his wages.

That said, under the FFP rules, one thing to remember is key: clubs have to bring in what they are spending but they can still make losses of up to $34.9 million per season under the current rules.

With PSG owned by a company which is essentially the State of Qatar, UEFA will automatically investigate a team where 30 percent or more of their revenue is supplied by a company linked to the owner. PSG have already been sanctioned heavily in the past with huge fines, restrictions on how many players can play in a UCL season and having their spending capped in 2014-15.

It is likely PSG’s Qatari owners, Oryx Qatar Sports Investments, will have alternative revenue from sponsors and commercial deals already lined up to help deal with the issues Neymar’s arrival could have in terms of FFP.

These sums are huge and the complexity of this deal is obvious, but if Neymar did join PSG then his marketability would surely see them recoup plenty of cash in other ways.

Therein lies the golden rule to all of this: you have to speculate to accumulate.

Somehow PSG believe this transfer fee and Neymar’s wages would be money well spent. Whether or not that is the case we will have to wait and see, but the answer is that this deal could happen, even under the rigid restrictions of FFP.

PSG would have to work hard to balance the books and bring in extra revenue, but their owners are better placed than most to make that happen.

Chelsea’s Pedro suffers “multiple fractures” to face after collision

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Chelsea are confident that Pedro will not be out for an extended period of time even though the Spanish winger suffered “multiple fractures” to his face.

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Pedro, 29, collided with Arsenal’s David Ospina in Chelsea’s 3-0 win against the Gunners in Beijing on Saturday and it turns out his injury is worse than first feared.

Speaking ahead of Chelsea’s International Champions Cup game in Singapore against Bayern Munich on Tuesday, Antonio Conte revealed that Pedro has returned to London.

“The situation was more serious than I thought because I hoped it would only be concussion and instead he had multiple fractures,” Conte said. “With a mask, and in around 10 days, he can come back to work with us.”

Plenty of Chelsea players have been forced to wear a protective mask in recent years with Cesar Azpilicueta, Gary Cahill, John Terry and Pedro all donning the Zoro look after suffering facial injuries.

The Spaniard could be ready for the FA Community Shield against Arsenal at Wembly on Aug. 6 but with Eden Hazard already out injured for the opening weeks of the season after requiring ankle surgery this summer, Conte won’t want to risk Pedro unless he needs to.

With Alvaro Morata set for his first minutes in a Chelsea shirt against Bayern, plus Michy Batshuayi and Willian in good form against Arsenal with fine goals, Conte should have enough to keep things ticking over for the time being and the opening weeks of the season.

Liverpool target Naby Keita involved in horror tackle

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This could be quite disturbing.

RB Leipzig’s training session was cut short on Monday after Liverpool target Naby Keita, who Leipzig insist is not for sale, reportedly clattered into Diego Demme with a “horror tackle.”

The challenge was so bad it ended the session and photos have shown Demme leaving the pitch with the help of others and his knee bandaged up.

Keita, 22, is said to want out of Leizpig and the Guinea international wants to join Liverpool who have reportedly had a $85.9 million bid turned down from the box-to-box midfielder. Keita has a release clause of $62.5 million in his contract, but that doesn’t kick in until next summer.

Until we know all the facts about what happened, this could have just been a routine training ground tackle which Keita mistimed.

That said, given all of the current speculation around his future and the player also said to be extremely frustrated with Leipzig’s stance, cynics out there are suggesting this could be one way of Keita forcing through a move to Liverpool.


 

 

Man City sign Benjamin Mendy from Monaco for $68 million

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Manchester City continues to splash cash like it’s going out of fashion.

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Left back Benjamin Mendy, 23, has arrived from AS Monaco for $68 million and he has linked up with his new team in Los Angeles as they continue their preseason tour of the U.S. with a game against Real Madrid.

Pep Guardiola has now brought in five new players this summer with goalkeeper Ederson, right backs Kyle Walker and Danilo, playmaker Bernardo Silva and now Mendy costing over $267 million combined.

Here’s what the French international defender had to say after agreeing a five-year deal at City.

“I am absolutely delighted to be joining Manchester City,” Mendy said. “They are one of Europe’s leading clubs and in Pep Guardiola they have a manager committed to playing attacking football. I am sure that over the next few years we will be successful.”

City’s Director of Football, Txiki Begiristain, said Mendy was “undoubtedly one of the world’s best full-backs” and their “number one target in this position.”

Mendy has burst onto the scene at Monaco over the past 12 months, helping them to win the French title last season and also reach the semifinals of the UEFA Champions League.

The powerful left back makes surging runs forward and is as adept in attack as he is in defense. That’s obviously important in a Guardiola side as he expects his full backs to come inside, possess the ball and offer an attacking threat. Mendy ticks all the boxes.

City were knocked out of the UCL at the Round of 16 stage by Monaco with Mendy and fellow new signing Silva obviously impressing Guardiola, while Tiemoue Bakayoko has joined Chelsea for $55 million as a fine Monaco team has been broken up once again.

Monaco’s loss is the Premier League’s gain.

With Walker and Danilo at right back, plus Mendy at left back and Ederson in goal, City have strengthened their defense considerably this offseason. Ederson’s debut against Manchester United left plenty to be desired last week, but there’s no doubting City’s full back areas have been upgraded considerably.