Liverpool pulled off a second transfer coup in the space of two days after agreeing a deal to sign Diogo Jota from Wolves.
Just hours after Thiago Alcantara's move from Bayern Munich was confirmed, the Reds tied up a £41million (Dh195m) transfer – potentially rising to £45m – for the 23-year-old who has spent the last three years at Molineux.
It took Liverpool's spending in just over 24 hours to £70m – although £9m will be recouped with the sale of teenage defender Ki-Jana Hoever to Wolves with the prospect of the whole deal being worth £13.5m plus a 15 per cent sell-on clause.
Wolves manager Nuno Espirito Santo says Jota is "going to the right place" after confirming the player will join the Premier League champions.
"Diogo is amazing and everybody knows the relationship we built. What Diogo did for us is absolutely fantastic," said Nuno.
"I think Diogo is going to the right place and we wish him all the best, knowing that it never be forgotten, especially by our fans, all the memorable moments that Diogo provided."
Nuno hopes to swiftly recruit a direct replacement for Jota having already identified an unnamed target.
"We still have to adjust the squad. It's clear that we need to balance our squad better," he said.
"We already identified the targets, we know the player we want to bring and now we hope that our plan continues as it previously did.
"Jeff [Shi, Wolves' executive chairman] knows who is our target and where we need to work on our squad."
Speaking about 18-year-old Dutchman Hoever, Nuno said: "Ki will join us. He's a young player, a player that I think really has potential, has talent. And it's up to us to take the best out of him.
"First of all he has to integrate in to the squad, integrate into the dynamics we want inside of the team but this is what's happening – Diogo will join Liverpool and Ki will join us."
It is understood Wolves have agreed to flexible payment terms which will see Liverpool pay as little as 10 per cent of the initial £41m fee over the next 12 months.
Liverpool turned their attention to the Portuguese after Watford quoted them in excess of £40m for Ismaila Sarr.
Jota, who can play across the forward line, will provide important back-up for Mohamed Salah, Roberto Firmino and Sadio Mane.
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
Ant-Man%20and%20the%20Wasp%3A%20Quantumania
ICC T20 Team of 2021
Jos Buttler, Mohammad Rizwan, Babar Azam, Aiden Markram, Mitchell Marsh, David Miller, Tabraiz Shamsi, Josh Hazlewood, Wanindu Hasaranga, Mustafizur Rahman, Shaheen Afridi
T20 SQUADS
Australia: Aaron Finch (c), Mitchell Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, D’Arcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa.
Pakistan: Sarfraz Ahmed (c), Fakhar Zaman, Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Hussain Talat, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shinwari, Hassan Ali, Imad Wasim, Waqas Maqsood, Faheem Ashraf.
The biog
Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
Company Profile
Company name: OneOrder
Started: October 2021
Founders: Tamer Amer and Karim Maurice
Based: Cairo, Egypt
Industry: technology, logistics
Investors: A15 and self-funded
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
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2. England - 265 points
3. Pakistan - 261 points
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Top 10 locations for inquiries from US house hunters, according to Rightmove
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If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
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Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
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Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
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9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
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Lexus LX700h specs
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