The Summer transfer window has barely been opened and huge signings have already been made across the European continent. Real Madrid and Barcelona have so far been dominant in this regard.
Nairametrics has been tracking the list of summer signings made across all the European teams, whilst rating the top highest paid fee. Based on our findings, Real Madrid has five signings of which four is part of this ranking. The club’s total signing fee so far sums up to £267 million.
Below are the top ten football signings across European clubs.
10. Thorgan Harzard (Borussia Monchengladbach to Borussia Dortmund) £30 million
After months of speculation, Borussia Dortmund has officially secured the signing of Borussia Mönchengladbach’s forward, Thorgan Hazard, on a five-year contract.
The Belgian international has already spent half a decade making a name for himself in the Bundesliga. Yet, very little is known about the 26-year-old (Eden Hazard’s little brother, as most people know him) outside of Germany.
9. Raul Jimenez (Benfica to Wolverhampton Wanderers) – £30million
Wolves have confirmed the club‑record £30 million signing of Raúl Jiménez from Benfica. The striker’s move will become a permanent one in the summer of 2019 when his season-long loan expires at the end of June. Jiménez, who has been a revelation for Wolves this season, has agreed to a four‑year contract.
8. Benjamin Pavard (Stuttgart to Bayern Munich) £31.4 million
The 22-year-old defender has signed a five-year deal with the record-holding German champions, as announced by the club’s sporting director Hasan Salihamidzic at Bayern’s winter training camp in Doha. According to Salihamidzic;
“He’s a young player and a world champion. We’re glad and proud to have gained such a player for FC Bayern.”
Pavard, who can operate across the back line as well as in defensive midfield, joined Stuttgart from French side Lille in 2016. He made 21 appearances in the Swabians’ Bundesliga 2 promotion campaign before playing every single minute of his maiden Bundesliga season in 2017/18.
7. Rodrygo (Santos to Real Madrid) – £40 million
The Spanish giants are intent on snapping up the best young South American talents. Having already landed Vinicius Junior, they will now get another left winger with huge potential. He’s already made more than 80 appearances across all competitions at just 17 years old and has netted nine times in 41 Serie A appearances.
6. Eder Militao (FC Porto to Real Madrid) – £45 million
This was announced back in March but is still technically a summer transfer since the deal was never ratified until June. The Brazilian defender’s rise to the top has been extraordinary given he only joined Porto last summer for just £5 million. He has increased his value by 800% in just one year. He initially played at right-back in Portugal but then excelled in the centre of defense, where he is likely to operate for Zinedine Zidane.
5. Ferland Mendy (Lyon to Real Madrid) – £47 million
The French International who is just 24 years old, has signed a six-year deal at the Bernabeu. Former Paris St-Germain youngster joined Lyon from Le Havre in 2017 and made 79 appearances for the Ligue 1 club in two seasons. He played in every game of their Champions League run to the last-16 last season.
4. Luka Jovic (Eintracht Frankfurt to Real Madrid) – £58 million
One of the finest young poachers in world football today, the Serbian was an inspired loan signing from Benfica by the Germans two summers ago. After 34 goals in 70 games, they jumped at the chance to activate a £7 million clause in his contract back in April. Just two months later they have sold him for almost ten times that amount – although around £10 million is set to go to Benfica as part of their arrangement.
3. Frenkie de Jong (Ajax to Barcelona) – £65 milllion
De Jong showed Real Madrid, Juventus, and Tottenham his class in the Champions League. He is now set to become a key player in Ernesto Valverde’s team almost immediately.
2. Lucas Hernandez (Atletico Madrid to Bayern Munich) – £80 million
The 23-year-old French defender was a part of the 2018 World Cup winning team. He now joins Bayern for a record-breaking fee. He is one of the most powerful defenders in the game, although he has plenty of room to grow. The £80 million fee makes him the most expensive Bundesliga player of all time and the most expensive defender ever too. It’s also the first time in a long time that Lucas Hernandez has made a big change.
1. Eden Hazard (Chelsea to Real Madrid) – £88 million
The Ex-Chelsea skipper is the highest signing in this year summer transfer window so far. After he led Chelsea to a Europa final win over Arsenal, where he scored two goals in what eventually was his last match for the blues. The Belgian forward could still cost as much as £100 million and is up to double his wages. This move could also rank him among the football big boys with the likes of C. Ronaldo, Lionel Messi, and Neymar.
US government to ban WeChat and TikTok from app stores
Chinese-owned social media apps are facing a ban in the US over national security concerns.
The United States government says it will ban the services of Chinese tech giants, WeChat and TikTok, from online mobile application stores in the U.S. It also plans to prohibit any funds transfer/payment services through the WeChat mobile application.
This was announced by the U.S Commerce Secretary, Wilbur Ross, in a statement on Friday, following President Donald Trump’s Executive Orders (E.O.) 13942 and E.O. 13943, on the 6th of August.
“In response to President Trump’s Executive Orders signed August 6, 2020, the Department of Commerce (Commerce) today announced prohibitions on transactions relating to mobile applications (apps) WeChat and TikTok to safeguard the national security of the United States,” said Wilbur Ross.
He added that the Chinese Communist Party (CCP), has proven it has the means and the motive to use Chinese tech apps, to threaten America’s national security foreign policy, and the economy of the U.S.
He said the following transactions will be prohibited from September 20th for WeChat and November 12th for TikTok
- Any provision of service to distribute or maintain the WeChat or TikTok mobile applications, constituent code, or application updates, through an online mobile application store in the U.S.
- Any provision of services through the WeChat mobile application, for the purpose of transferring funds or processing payments within the U.S.
Mr. Ross said that with the Executive Order, the US government has taken a ‘significant action’ in fighting China’s malicious personal data breach on American citizens, and also promote democratic rule-based norms, and aggressive enforcement of U.S. laws and regulations.
The U.S government announced that further prohibitive measures, relating to both companies may be announced in the future.
“Should the U.S. Government determine that WeChat’s or TikTok’s illicit behavior is being replicated by another app somehow outside the scope of these executive orders, the President has the authority to consider whether additional orders may be appropriate to address such activities.”
President Trump has given until November 12, to resolve the TikTok security concerns of the US. He added that the prohibitions may be lifted, if they are addressed.
WTO: Okonjo-Iweala still in contention as 3 candidates depart race for DG
Okonjo-Iweala and the remaining 4 other candidates hope to succeed the current DG, Mr Roberto Azevêdo.
Three candidates running for the post of the Director-General of the World Trade Organisation have fallen out of the race after failing to secure enough votes in the first rounds of voting, leaving only 5 candidates left, including Nigeria’s Ngozi Okonjo-Iweala.
This was disclosed by Bloomberg on Thursday, before the meeting on Friday. The Candidates that are out of the race are Jesus Seade (Mexico), Tudor Ulianovschi (Moldova), and Hamid Mamdouh (Egypt). The candidates were not able to secure the support needed for the first round of 3 rounds of voting.
Dr. Ngozi Okonjo Iweal joins 4 other candidates for the next round of voting. The candidates are; Liam Fox (UK), Amina Chawahir Mohamed Jibril (Kenya), Yoo Myung-hee ( South Korea), and Mohammad Maziad Al-Tuwaijri ( Saudi Arabia).
Ngozi Okonjo-Iweala disclosed last month some of her plans for the Organization if made President. Nairametrics reported she noted that part of her vision is to build a trade institution where there is greater trust among its members. She also stressed that the WTO, at this critical time, is needed to ensure that trade and global markets remain open.
On healing the rift between the US and China, Okonjo-Iweala admitted that it is going to be challenging and not be easy. She said:
“Well, this is not going to be easy, if it was easy, it could have been done a long time since. So it would be very challenging but it is not an impossible job. It is very clear that both the US and China have been helped and benefitted from the multilateral trading system in the past. Hundreds of millions have been lifted out of poverty. They have experienced shared prosperity in the economies and their countries.’’
She added she would listen to both countries to find out what really are the issues causing distrust among them. She said that she will not want to be involved in the larger political problems, but will rather separate the trade issues and focus on them and build this trust.
“You need to begin to find areas where there can be confidence-building and trade. Building trust is not talking about it, you have to have areas where both can work together and agree and we have a golden opportunity in the fisheries subsidies negotiations that are going on now because the US is a party to it, China is a party, the EU, all other members,’’ she said.
Okonjo-Iweala and the 4 other candidates will present themselves to the members of the global trade body for the later stages of voting in the hopes of securing the highest number of votes to succeed the current DG, Mr. Roberto Azevêdo.
WTO: Selection of new DG might be tied to the upcoming US presidential election
The eventual winner could be dependent on the outcome of the November 3 US Presidential elections.
The WTO’s effort to select a new leader entered a new stage this week, as the ambassadors from 164-member countries met for private consultations, on who they would support.
Six former WTO officials and trade experts revealed that the politicking in Geneva, Switzerland – WTO headquarters, could be a wild goose chase, as the decisive developments that will shape the future of the embattled global trade organization, are unfolding miles away in Washington, ahead of the November 3 presidential elections.
Although, the support of a particular candidate by the United States is critical; 4 trade experts, including former WTO employees, believe that the Trump administration is unlikely to breathe life into a multilateral body that he once threatened to leave. Donald Trump launched a trade war with China, repeatedly imposed tariffs on US allies, and destroyed WTO’s ability to intervene in disputes, by blocking the appointment of members to its Appellate Body.
David Tinline, a former adviser to Azevedo said, “I find it hard to imagine that the Trump administration would shift tack and do something very positive for the system.’’
The US Trade Representative (USTR), Robert Lighthizer, had in June told US lawmakers that, “the WTO needed a reform-driven leader and that he would veto any candidate who showed any whiff of anti-Americanism.”
The former WTO officials and trade experts said that the US-China economic conflict is a further divisive factor, as both countries will likely reject any candidate backed by the other.
The 8 candidates in contention for the top job, are expected to be trimmed down to 5 after the first confessional meetings on September 16. This will be further cut down to 2, and the final decision designed to be taken by convention before the November 7 deadline – just four days after the US elections.
Aside from the two influential African women vying for the role, Liam Fox, Britain’s former Trade Secretary, is a force to reckon with. If a favorite candidate does not emerge, some WTO members might prefer to wait until after the US election in case Joe Biden wins the US presidential election; especially, as Voting, seen as a last resort, has never occurred in WTO’s history.
A former member of WTO, Peter Van Den Bossche said, “They could play a waiting game, but that would push the decision until at least February or March 2021.”
Even though WTO is member-led, a strong leader who can facilitate decision making, and galvanize its 164 member nations, is crucial to reviving a severely embattled global organization.