Liverpool net a Finance Package

Liverpool's financial troubles appear to be over - first Gillett sold up his NFL team, and then the new Chief-Exec managed to renegotiate their £400m debt with RBS to ensure the club can continue to spend lavishly! £17.5m has just been added to the pile of IOUs, with Portsmouth full-back Glen Johnson joining the club.

Man City's Carlos Tevez deal may hit a snag or two along the way before its completion, with the Premier League scrutinising the deal at each and every step to ensure Carlos becomes a player of the club, and is no longer owned by a less-than-transparent third-party. The new strike force of Craig Bellamy, Robinho, Santa Cruz and Tevez isn't exactly terrifying, but it should do well enough to scare the Big Four into making more acquisitions.

An as-yet-unnamed team has supposedly been taken over by some more Arabs from the UAE, in a deal unconnected to the people in charge of City, with a 'Premiership club' already having signed the paperwork to transfer ownership. Portsmouth are rumoured to be the club, but have denied the claims.

Ruud van Nistelrooy has urged his Dutch team-mates at Real to find a way out, and a new club, ahead of the World Cup 2010. He wants everyone to be fighting fit. With the arrivals of big-money signings Ronaldo and Kaka, the Dutch contingent are available at bargain prices.

The TV rights for the Premier League games lost by Setanta have already been snapped up at a knock down price, with US TV giants ESPN landing the rights to the Monday and Saturday night games packages for some £40m less than Setanta paid for them. The SPL has now followed suit by re-claiming the rights back off Setanta, who will struggle without the football to bring in viewers.

City start Spending

Manchester City have got their summer spending into full swing, with the club looking to finalise the £15m transfer of Roque Santa Cruz in the next day or so (he is in for a medical right now) as well as dot the i's and cross the t's on the new £25.5m contract with Carlos Tevez.

Chelsea seem to be missing out on big player after big player, with a late bid for Kaka turned dwon, and Tevez now opting to stay in Manchester. Ricardo Carvalho and deco have already said that they wantto join Mourinho at Inter Milan, and another of Chelsea's key men from last season, Didier Drogba, has reportedly been on the phone to Jose too. Things aren't looking so rosy at Stamford Bridge.

Arsenal completed the £10m signing of intelligent Ajax captain Thomas Vermaelen. The talented centre-back should shore up the centre of the pitch for Arsenal, behind Cesc Fabregas, and is another canny purchase by Arsene Wenger.

Manchester United, having lost both Tevez and Ronaldo, are set to splurgetheircash on Karim Benzema and Luis Valencia, with Brazilian wonderkid Douglas Costa thrown in for good measure. Zoran Tosic, the Serbian brought in to play on the wing in January, has revealed that they all knew Ronaldo would be leaving this summer - even before the Champions League Final loss to Barcelona. Tosic hopes to stake his claim for the vacancy in the pre-season.

Liverpool's woes off-the-field, with the Americans Gillett and Hicks, seem to have taken a turn for the better, with Gllett selling his stake in his NHL team.

Ronaldo nets pay-out

Cristiano Ronaldo looks set to have a lucrative summer ahead of him amid news that he actually does have a secret contract! Speaking on Spanish radio, one of the Real Madrid directors admitted that the contract does exist, and will see Cristiano take home a massive pay-out whether he moves to Real or not.

One of the contract’s penalty clauses states that Manchester United's Ronaldo will receive around 30 millions euros if Real Madrid do not come in for him in the summer – making him a whole lot richer! On the other hand, if the transfer goes through and he ends up in Madrid, he will pocket a healthy signing-on fee as well as seeing his wages DOUBLED (and he gets to play for his ‘dream club’.)

One club that might be short of cash this transfer window is Liverpool – after they announced a massive £42m operating loss – much of it caused by the £21m in interest payments that the American owners forced onto the club. Rumours that Rafa Benitez would be adding to the Spanish contingent may well prove wide of the mark, with winger David Silva currently in talks with both Barca and Real, and striker David Villa expected to cost a lot of money!

Manchester City are still dreaming of a strike-partnership of Samuel Eto’o and Carlos Tevez, whilst their central midfield may be boosted by Xabi Alonso.

Chelsea have yet to start their spending spree, and are intent instead on securing the futures of their best players. Ashley Cole will be the first to sign on the dotted line, with Frank Lampard and John Terry set to follow suit to ensure that the Stamford Bridge side retain an element of Englishness.

With Bruce installed at Sunderland, and given a £60m kitty to spend, he’ll return to his former club to take Lee Cattermole to the Stadium of Light, before heading to the Spurs bargain bin and picking up Darren Bent. Tom Huddlestone and David Bentley will be out of the door to Aston Villa, whilst Harry Redknapp will also sanction the sale of Didier Zokora to Villareal.