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) football player transfers to another club during the course of a contract, 5% of any transfer fee, not including training compensation paid to his former club, shall be deducted from the total amount of this transfer fee and distributed by the new club as a solidarity contribution to the club(s) involved in his training and education over the years. This solidarity contribution reflects the number of years he was registered with the relevant club(s) between the seasons of his 12th and 23rd birthdays, as follows: As of July 2015, there is an ongoing controversy between several youth soccer clubs and