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 began to issue paper money. The pound Scots once had much the same value as the pound sterling, but it suffered far higher devaluation until in the 17th century it was pegged to sterling at a value of 12 pounds Scots = 1 pound sterling. In 1707, the Kingdom of England and the Kingdom of Scotland merged to form the Kingdom of Great Britain. In accordance with the Treaty of Union, the currency of Great Britain was sterling, with the pound Scots soon being replaced by sterling at the pegged value. In 1801, Great Britain and the Kingdom of Ireland