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) proportionate amount that equalled their 40% stake in the player; the investors of DIS had been paid only €9.7 million, which Moreno said meant the transfer fee Santos received was just €17 million. Moreno threatened legal action to those privy to the inside knowledge of the transfer deal, saying, "I am going to wait one more week and then I will open a case in court to get access to the information." The legal action was pursued, forcing Santos to produce a document as evidence in which they claimed, "As Santos FC well knows, the total transfer fee for all