Michael Owen is now a Manchester United player. The striker has signed a two-year deal and no transfer has been paid as the former Liverpool, Real Madrid and Newcastle forward is a free agent. As soon as medical was passed, the deal was struck.
Pasquale Cannatelli, the general manager of Fininvest, the financial holding company owned by Silvio Berlusconi, insists Milan are not up for sale.
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In reaction to Real Madrid's lavish summer spending spree, UEFA President Michel Platini has called for a salary cap to be introduced in three years time.
David Beckham can expect a frosty welcome when he returns to the MLS this month after having his commitment to the cause questioned by Landon Donovan.
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