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
Pound sterling in 22‑carat gold, it contained of gold and replaced the guinea as the standard British gold coin without changing the gold standard. In 1825, the Irish pound, which had been pegged to sterling since 1801 at a rate of 13 Irish pounds = 12 pounds sterling, was replaced, at the same rate, with sterling. By the 19th century the pound sterling was widely accepted outside Britain. The American Nellie Bly carried Bank of England notes on her 1889–1890 trip around the world in 72 days. During the late 19th and early 20th centuries, many other countries adopted the gold standard.