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How will the Euro crisis affect football?

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Usually if there is a political issue being debated or discussed, then I normally tune in to something else. Whatever is the issue is you tend to think it won’t affect us to much. Then I happened to watch some of the EU treaty news over the weekend. I can’t help but wonder how Premier League institutions like Arsenal, Chelsea, Liverpool, Tottenham, Manchester United and Manchester City will be affected.

The first thing that came across was a sense of well done to David Cameron. For years politicians have tiptoed around trying to please everyone in Europe. It was only last month that the FA backed down over the England team wearing a poppy on their shirts for the friendlies against Spain and Sweden. That’s before you even begin to argue whether England were sold short or out bunged in the bids for the 2014 and 2018 world cups.

Anyway the upshot of what I can make out from the weekends talks is that the Euro is in crisis and the UK is now on its own. It seems from early reports that the European financial situation hasn’t reacted as positively as first hoped which is leaving many countries in crisis. This also gives the powers that make the decisions in UEFA and FIFA ammunition that we are a bitter nation.

Teams in England who have a jewel that the top teams are chasing will need to hang on to them until the end of the season. It is more value for the smaller teams to keep hold of their star man until the summer and hope to avoid relegation than sell a star name and end up in the Championship.

>There will be a lot of transfers involving players coming into the last 6 months of their contracts however. Players like Gary Cahill will feel he needs a move to avoid becoming a forgotten man for England. Relegation form isn’t going to get you into Capello’s Euro 2012 squad.

Swap deals seem to be popular as teams try to save on their spending. A deal with Frank Lampard and Real Madrid’s Spanish Under-21 midfielder Esteban Granero has been reported this morning and there may be others in the pipeline. That may come in the form of the buying club offering the selling club any loan signing.

So what affect will this have on the English transfer window. Well first it’s worth bearing in mind that English Premier League clubs spent around £485m in the summer transfer period. So it will be unlikely that even half that will be spent in January. The reports of Arsenal spending £35m on a player and Manchester United forking out £50m are stories that are coming from Europe. These sums of money can make the difference to economies not just ailing football clubs. More to do with raising morale than actual transfer moves. I doubt Wenger or Fergie would dream of spending those figures in January.

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