Euro/sterling kicks off

So far, English premier league clubs have spent a minimum of £110 million ($200 million) on players from European clubs. Given the undisclosed payments, and the domestic transfer window remaining open until the end of August, this amount could be far higher. This has left sterling playing in a hole as far as seriously testing the euro is concerned.

The main premiership clubs may thus be scoring an own goal, leaving the pound to hug the sidelines, although the phasing of payments will minimise the

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