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 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