Word: transferals
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...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...
...What recession? Defying the downturn, Europe's clubs could well smash the transfer-spending record this close season. English Premier League teams - which, according to Deloitte, spent $280 million on new players during the January transfer window, more than the amount spent in any of Europe's next four biggest leagues - are again in the mood to shop. The benevolence of billionaires helps. London 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...
...small group of Guantánamo Bay detainees, life is moving from one island paradise to another. The United States announced Tuesday that it will transfer as many as 17 Chinese Muslims from the Cuba prison to Palau, a small Pacific island nation 500 miles east of the Philippines. While finding countries willing to take Guantanamo detainees has been daunting, the task of finding a new home for the seventeen Uighurs - a Turkic ethnic group from northwestern China - has been one of the most delicate. Thanks to conflicting rulings by U.S. courts, the Uighurs are stuck in legal limbo; meanwhile...
...This week's uproar is reminiscent of a similar situation that unfolded last summer after the state government decided to transfer about 100 acres of land to a Hindu consortium. The move was designed to improve amenities for the thousands of Hindus who come to Kashmir each year to worship at a local cave-shrine. More than 60 people were killed in the protests that followed that policy. Incidents like these take both a personal and an economic toll: Hundreds of Indian and foreign tourists were driven out of the Valley this week, and tour operators say that many bookings...
...minority investment, welcomed - at first, anyway - by Rio's management. There was the PR charm offensive by Xiong, who went to great pains to convince Rio's stakeholders that his aims were strictly commercial and that there was no hidden agenda to buy up supply in order to keep transfer prices down later, as many critics contended...