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Dazzling moves, ambitious targets and intense pressure - it must be off-season in European soccer. English Premier League champions Manchester United announced today that it accepted a $132 million offer from Real Madrid for fleet-footed winger Cristiano Ronaldo. The deal, which United expects to tie up before the end of the month, would smash a world transfer record set earlier this week when the same Spanish club lavished $92 million on AC Milan's midfield megastar...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...club Chelsea, bankrolled by Russian oligarch Roman Abramovich, reportedly bid $74 million on June 9 for Atletico Madrid striker Sergio Aguero. Manchester City, owned by Sheik Mansour bin Zayed al-Nahyan, a member of Abu Dhabi's royal family, is also keen to strengthen its squad. (See pictures of soccer's European championships...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...Absent its own benefactor, Real Madrid, the favored club of Spain's establishment, owes its deep pockets to a powerful brand and unrivaled commercial skills. Owned by 80,000 of its supporters, it's the richest soccer club in the world, with revenues of more than $500 million for the 2007-08 season, double the level of seven years ago. Free to negotiate its own broadcast-rights deal - top teams in England or Germany, say, must sell TV rights collectively - Madrid is halfway through a $1.4 billion, seven-year contract with broadcaster Mediapro. (See the 100 best TV shows...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...state of Victoria alone. That state also saw the disease spread in the community - outside schools and hospitals - which until now has happened most clearly in the U.S. and Mexico, the two nations that have so far been hit hardest by the H1N1 virus. (See pictures of soccer in the time of swine...

Author: /time Magazine | Title: The H1N1 Flu: Is This a Pandemic, or Isn't It? | 6/10/2009 | See Source »

...ground. Irate fans hurled missiles - plastic bottles, mostly - at the Iranian team. The scenes then were broadcast via satellite around the world, giving watchers of the isolated communist state a strange, unprecedented glimpse of what civil disturbance could look like in the hermit kingdom. (See pictures of soccer riots at LIFE.com...

Author: /time Magazine | Title: North Korea Wipes Out Iran (from the World Cup) | 6/7/2009 | See Source »

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