1987–88 in English football The "Today" newspaper cancels its sponsorship of the Football League after just one year, and less than two weeks before the new season is due to begin. 6 August 1987 – Peter Beardsley becomes the most expensive player to move between British clubs when he joins Liverpool in a £1.9 million deal from Newcastle United. Britain's first million-pound player, Trevor Francis, returns to Britain when Graeme Souness signs him for Rangers in a £70,000 deal from Atalanta of Italy. 7 August 1987 – Portsmouth midfielder Mick Kennedy is fined £5,000 for claiming in a national newspaper that he was "the
Transfer (association football) to negotiate the fee down, Arsenal manager Herbert Chapman got the Bolton representatives drunk. Arsenal paid £10,890 after Bolton had asked for £13,000, which was double the previous record made when Sunderland signed Burnley's Bob Kelly a fee of for £6,500. The first player from outside Great Britain to break the record was Bernabé Ferreyra, a player known as "La Fiera" for his powerful shot. His 1932 transfer from Tigre to River Plate cost £23,000, and the record would last for 17 years (the longest the record has lasted) until it was broken by Manchester United's sale of Johnny Morris