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In Monte Carlo – where wealth is flaunted on Saudi scales – the powerbrokers of European football gathered to party and to plan the season ahead.

Publicly, many were dismissing any threat to the global supremacy of their competitions from the rising force.

But power is undeniably shifting.

The footballing landscape is being reshaped by Saudi Arabia, while some seem in denial about the heft of football’s new disruptors.

A turbo-charged spending splurge has enticed £700m of male talent from European clubs this summer alone to add a sheen to their state-funded clubs.

And there is still another week of the transfer window in the Gulf nation to go.

Another week to perhaps persuade Liverpool to part with Mohamed Salah if a fee of £150m proves too hard to resist – having already sold captain Jordan Henderson.

Perhaps only a Premier League could sacrifice such a windfall – even for the man relied on for goals.

Only England’s top division has outspent Saudi clubs in this transfer window, with their transfers’ totaliser ticking over £2bn for the first time.

How European clubs from the top nations have spent in this season's summer transfer window.
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How European clubs from the top nations have spent in this season’s summer transfer window

Few have done more transfer trades at more Premier League clubs than Damien Comolli – one of the game’s most experienced club executives.

Encountering the former Arsenal, Liverpool and Tottenham executive on the sidelines of the UEFA gatherings, he was in no doubt about the resolve in Riyadh to make a success of it.

Is that a threat to the Premier League?

Mr Comolli told Sky News: “I definitely do. I think people who deny it are either lying to themselves or they are a bit blind.

“But they’re here to stay and I think they’re going to invest more and more money, be more and more competitive, and be more and more aggressive.”

Damien Comolli - one of football's most experienced club executives.
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Damien Comolli – one of football’s most experienced club executives

He does think players still relish the chance to play in the Premier League or at the giants of the continent in Spain and Germany.

But then Saudi Arabia could prove irresistible.

Mr Comolli, currently president of French club Toulouse, said: “All the big clubs in Europe have got a challenge on their hands with the financial power of the Saudi clubs… which could have an impact on the Premier League.”

Those who have witnessed the growth of the Premier League are more cautious about readily ceding the standing as the world’s No 1 domestic competition.

Brighton chief executive Paul Barber told Sky News: “You never know what’s going to happen in the future.

“But I think at the moment, the Premier League’s brand, the quality of the clubs we have, the names of those clubs, just the respect that English football has around the world, I think the Premier League will continue to be the flagbearer for many years to come.”

Brighton chief executive Paul Barber
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Brighton chief executive Paul Barber

Read more:
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Mason Greenwood leaves Manchester United in loan move to Spanish club

A swagger that comes from vastly eclipsing spending across Europe.

Clubs in any rival league didn’t even collectively spend half of that – perhaps a sign of more astute financial management.

That is seen at Brighton which has made a success of turning players into profit with £110m and rising being banked from Chelsea for this summer’s British record sale of Moisés Caicedo.

 Chelsea Unveil New Signing Moises Caicedo at Chelsea Training Ground on August 14, 2023 in Cobham, England.
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Chelsea broke the British transfer record to sign Moises Caicedo from Brighton this summer

And Brighton are now preparing for their first ever foray into a European competition.

Speaking after Friday’s Europa League draw, Mr Barber said: “We’d all like to be more sustainable and even more profitable.

“But that’s tough when we’re competing in the world market for the best players. But hopefully this summer transfer window will show again that the Premier League will be even stronger.”

A Deloitte tally – provided to Sky News on Friday early evening – had the Premier League spending on £2.2bn.
Italy’s Serie A was on £720m, France’s Ligue 1 on £678m, Germany’s Bundesliga on £630m and Spain’s La Liga on £352m.

These are leagues that will benefit from the Saudi bailout as cash is unloaded on clubs to part with their prized assets.

The forward wore a scarf from his new club, Al Hilal
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Neymar arrives in Riyadh after signing for Al Hilal

Al-Ettifaq coach Steven Gerrard poses for a photograph with Jordan Henderson
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Al-Ettifaq coach Steven Gerrard poses for a photograph with Jordan Henderson

The Saudis are seen to some as the destabilising clubs in Europe as sport is used to distract from the kingdom’s human rights violations and reshape the country’s image.

This has been a summer transfer window – but it is one still dominated by the wealth of English clubs.

But for how much longer with the Saudis determined chip into the dominance of Europe funded by their oil wealth?

“I think you’ve got to take any competition for your players and your talent seriously,” Mr Barber said.

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“I don’t know where their end point is, what their overall ambition is, but certainly they are making a statement and we have to respect that.

“But at the moment, I think there are a lot more players that want to be in the Premier League than any other league in the world.

“And that hopefully will continue to make our league the most popular of the most watched and the most compelling.”

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Ukraine peace plan ‘not final offer’ Trump says, ahead of crisis talks in Geneva

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Ukraine peace plan 'not final offer' Trump says, ahead of crisis talks in Geneva

Donald Trump has said that his 28-point peace plan for Ukraine is “by far” not the “final offer”, ahead of crisis talks in Geneva.

Meeting on the sidelines of a G20 summit in South Africa, European and other Western leaders scrambled to respond to the US president’s demand for Ukraine to accept the plan drawn up by the Trump administration and the Kremlin.

In a joint statement on Saturday, they said the plan announced on Friday could serve as a basis for talks to end Russia’s war in Ukraine but required “additional work”.

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How Ukraine peace plan came about

Follow the latest on the Ukraine peace plan

As a result, a meeting has been hastily convened in Geneva, Switzerland, on Sunday, where national security advisers from the E3 – France, Britain and Germany – will meet EU, US and Ukrainian officials for further discussions.

Ahead of the talks, Volodymyr Zelenskyy said in a video address to his nation that Ukrainian representatives at the talks “know how to protect Ukrainian national interests and exactly what is needed to prevent Russia from carrying out” another invasion.

“Real peace is always based on security and justice,” the Ukrainian leader added.

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PM: ‘More to do’ on US Ukraine peace plan

The 28-point peace plan closely resembles the list of demands repeatedly stated by the Kremlin since it launched its full-scale invasion of Ukraine nearly four years ago and if adopted, would see Ukraine cede territory to Russia – and cut the size of its military.

Mr Trump has said he wants a response from Ukraine by Thursday, while suggesting an extension could be possible.

On Saturday, Mr Trump told reporters outside the White House that the plan was not the “final offer” when asked.

He said: “We’d like to get the peace, it should’ve happened a long time ago. The Ukraine war with Russia should’ve never happened. If I was president, it would have never happened. We’re trying to get it ended. One way or another, we have to get it ended.”

His secretary of state Marco Rubio insisted that the peace proposal was authored by the US, despite what a handful of senators have alleged.

“It is based on input from the Russian side. But it is also based on previous and ongoing input from Ukraine,” he said.

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The 28-point peace plan explained

Leaders have sought to balance praise for President Trump’s attempt to end the war with recognition that some terms in his proposal are unpalatable for Kyiv.

“There are many things that cannot simply be an American proposal, which requires broader consultation,” French
President Emmanuel Macron said on the sidelines of the G20, adding that an agreement had to allow for peace for Ukrainians and “security for all Europeans”.

German Chancellor Friedrich Merz underlined the importance to Europe of supporting Ukraine.

“If Ukraine loses this war and possibly collapses, it will have an impact on European politics as a whole, on the entire European continent. And that is why we are so committed to this issue,” he said.

“There is currently an opportunity to end this war, but we are still quite a long way from a good outcome for everyone.”

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Keir Starmer calls for growth plan at G20

Prime Minister Sir Keir Starmer told reporters in Johannesburg: “We are concerned about [caps on military], because it’s fundamental that Ukraine has to be able to defend itself if there’s a ceasefire.”

He said the proposal “requires additional work”, adding: “And that’s why there’s been the agreement that in Geneva tomorrow [Sunday], you’ll have senior US personnel, you’ll have European NSAs [national security advisers], including the UK NSA, and obviously Ukrainians there to work further on the draft.”

Sir Keir also spoke to Mr Trump, relaying discussions held at G20 to the US leader, according to a Downing Street spokesperson, who added that the two leaders would speak again on Sunday.

Meanwhile, Sir Keir, who has defended his decision to fly to the G20 days before a difficult budget, said the role of the G20 is “critical at this moment”.

“The G20 has worked together before to fix fundamental problems in the global economy. We need to find ways to play a constructive role again today in the face of the world challenges,” he said.

“I’d like to see us come together around a five-point plan for growth that leaves no one behind.”

Sir Keir Starmer, Emmanuel Macron and Friedrich Merz at the G20 summit. Pic: PA
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Sir Keir Starmer, Emmanuel Macron and Friedrich Merz at the G20 summit. Pic: PA

The US, however, is boycotting the talks.

The Trump administration made its opposition to South Africa’s G20 agenda clear earlier this year when the country started holding meetings ahead of the summit. South Africa gets to set the agenda as the country holding the rotating G20 presidency.

G20 leaders broke with tradition and adopted a declaration at the start of their summit – despite opposition from the US.

Vincent Magwenya, spokesman for South African president Cyril Ramaphosa, said a leaders’ declaration was adopted unanimously in Johannesburg.

The White House later accused South Africa of refusing to facilitate a smooth transition of the G20 presidency.

Pic: AP
Image:
Pic: AP

Read more:
Analysis: Europe scrambles at G20 over Ukraine peace plane
G20 lands in South Africa: But who feels forgotten?

The G20 bloc was formed in 1999 as a bridge between rich and poor nations to confront global financial crises.

While it often operates in the shadow of the powerful Group of Seven nations, G20 members represent around 85% of the world’s economy, 75% of international trade and more than half the global population.

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COP30: Countries reach draft deal to help speed up climate action

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COP30: Countries reach draft deal to help speed up climate action

Countries attending COP30, the biggest climate meeting of the year, have agreed steps to help speed up climate action, according to a draft deal.

The meeting of leaders in the Brazilian city of Belem also saw them agree to reviewing related trade barriers and triple the money given to developing countries to help them withstand extreme weather events, according to the draft.

However, the summit’s president Correa do Lago said “roadmaps” on fossil fuels and forests would be published as there was no consensus on these issues.

The annual United Nations conference brings together world leaders, scientists, campaigners, and negotiators from across the globe, who agree on collective next steps for tackling climate change.

The two-week conference in the Amazon city of Belem was due to end at 6pm local time (9pm UK time) on Friday, but it dragged into overtime.

The standoff was between the EU, which pressed for language on transitioning away from fossil fuels, and the Arab Group of nations, including major oil exporter Saudi Arabia, which opposed it.

The impasse was resolved following all-night negotiations led by Brazil, negotiators said.

More on Cop30

The European Union’s climate commissioner, Wopke Hoekstra, said on Saturday that the proposed accord was acceptable, even though the bloc would have liked more.

“We should support it because at least it is going in the right direction,” he said.

The Brazilian presidency scheduled a closing plenary session.

Brazil’s President Luiz Inacio Lula da Silva and about 80 countries, including the UK and coal-rich Colombia, had been pushing for a plan on how to “transition away from fossil fuels”.

This is a pledge all countries agreed to two years ago at COP28 – then did very little about since.

But scores of countries – including major oil and gas producers like Saudi Arabia and Russia – see this push as too prescriptive or a threat to their economies.

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Israel launches strikes on Gaza in further test of fragile ceasefire

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Israel launches strikes on Gaza in further test of fragile ceasefire

Israel says it has begun striking Hamas targets in Gaza, reportedly killing at least nine people, after what it called a “blatant violation of the ceasefire agreement”.

Local health authorities in Gaza said there had been three separate airstrikes, one hit a car in the densely populated Rimal neighbourhood, killing five people and wounding several others.

Shortly after the attack on the car, the Israeli air force hit two more targets in the central Gaza Strip, medics said.

They said at least four people died when two houses were struck in Deir Al-Balah city and Nuseirat camp.

The Israeli military said there had been a “blatant violation of the ceasefire agreement”.

It claimed a gunman had crossed into Israeli-held territory after exploiting “the humanitarian road in the area through which humanitarian aid enters southern Gaza”.

A Hamas official rejected the Israeli military’s allegations as baseless, calling them an “excuse to kill”, adding the Palestinian group was committed to the ceasefire agreement.

More on Gaza

The Israeli airstrikes are a further test of a fragile ceasefire with Hamas, which has held since 10 October following the two-year Gaza war.

Israel pulled back its troops, and the flow of aid into the territory has increased. But violence has not completely halted.

Palestinian health authorities say Israeli forces have killed 316 people in strikes on Gaza since the truce.

Meanwhile, Israel says three of its soldiers have been killed since the ceasefire began and it has attacked scores of militants.

This breaking news story is being updated and more details will be published shortly.

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