Progression of the British football transfer fee record lagged behind those paid by clubs in Italy, France and Spain to take British players abroad until 1995, when Manchester United paid Newcastle United £7,000,000 for Andy Cole. The fees paid by the Premier League's top clubs began to increase at a rapid rate, with Alan Shearer commanding the first £15,000,000 fee in 1996, and the new millennium heralding the first £30,000,000 transfer, although sources differ as to whether this barrier was broken by Rio Ferdinand's move to Manchester United in 2002 or Andriy Shevchenko's transfer to Chelsea four years later for some reason, however Veron' s transfer to United
Rafael Benítez his club's new owners had to back him in the transfer market in order for Liverpool to progress following his side's 2–1 loss to Milan in the final. It was reported Benítez did not feel he had the complete support of the new owners, a thought that was compounded by Liverpool's initial lack of activity in the transfer window, although the club played these rumours down. Benítez's spending was, eventually, significant, breaking Liverpool's transfer record when signing Spanish striker Fernando Torres from Atlético Madrid as well as signing Ryan Babel, Yossi Benayoun, Lucas Leiva and Andriy Voronin. Among those Benítez