Your morning summary for Sunday October 10.

Newcastle buyout has resulted in an increase in transfers of £ 200million, but they have a gap of £ 560million to close

Following the buyout of Newcastle United by the Saudi Public Investment Fund, high profile players were quickly reluctantly suggested as potential transfer targets.

While some fans were quick to celebrate their owners’ wealth, the North East club might not be able to spend the money the way Manchester City did in 2008.

Due to Financial Fair Play rules stating that a club must not suffer losses of more than £ 105million over a three-year period, this means Newcastle will have to spend money gradually, improving at the both its players and the general infrastructure of the club over a period of time.

Liverpoolthe current workforce of has been estimated by CIES will be worth £ 742million, a difference of nearly £ 560million to Newcastle, leaving the club with a lot of work to do before they can compete with the Reds.

READ THE FULL STORY HERE.

Paul Scholes predicts Liverpool trophy, explains Manchester United ‘difference’

The former Manchester United midfielder reluctantly admitted that he believes Liverpool are one of the favorites for the Champions League.

Alongside Manchester City, Scholes believes United’s two big rivals are European Cup favorites and has pointed out the difference between the Reds and Ole Gunnar Solskjaer’s side.

Manchester United lost their first group game to Swiss club Young Boys, before needing a last-minute goal from Cristiano Ronaldo to secure a win over Villarreal – and Scholes thinks he understands why he thinks that Liverpool are a much stronger proposition.

“It’s the difference between United and, I think, Liverpool and City. They are much more aggressive and have the spirit of attack, ”he said.

READ THE FULL STORY HERE.