Progression of the British football transfer fee record to £142 million with various clauses being met. Progression of the British football transfer fee record The progression of the British football transfer fee record tracks the increases in the record for the highest transfer fee paid or received by British association football clubs. A transfer fee is the sum of money paid by one club to purchase the contract, and therefore the playing services, of a professional footballer. Fees are not generally formally disclosed by the clubs involved, and discrepancies can occur in figures quoted in the press. Trevor Francis, for example, is regarded as Britain's first £1m player
Pound sterling Britain was effectively quashed for over a hundred years. However, the pound sterling was decimalised in various British colonial territories before the United Kingdom (and in several cases in line with William Brown's proposal that the pound be divided into 1,000 parts, called mils). These included Hong Kong from 1863 to 1866; Cyprus from 1955 until 1960 (and continued on the island as the division of the Cypriot pound until 1983); and the Palestine Mandate from 1926 until 1948. Towards the end of the Second World War, various attempts to decimalise the pound sterling in the United Kingdom were made.