Friday, 1 February 2013

Glasgow Rangers: Crisis and new rules force clubs to sober up in January

Glasgow Rangers
Crisis and new rules force clubs to sober up in January
Feb 1st 2013, 11:33

LONDON (Reuters) - Europe's economic crisis and new financial rules have finally forced many clubs to do their sums before rushing into soccer's version of the January sales. England's Premier League, set for a fresh windfall from television deals this year, has once again led spending in the month-long transfer window which closed on Thursday. Queens Park Rangers and Newcastle United both invested heavily in an attempt to remain in the top flight, while U.S.-owned Liverpool also splashed out after a lacklustre first half of the season. ...

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