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Speaker 1: Hi, I'm Jamie Rudd. Jose Mourinho is back at Real Madrid,

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and on his first public night in charge, the youngest

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star in the team made sure the headlines were not

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all about the manager. Real Madrid drew two to two

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with Fiorentina in preseason, but the result is not really

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the story. Mourinho returning to the Bernabeux is the story.

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Endrik opened the scoring in the twelfth minute with a

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powerful left footed finish. Madrid then went two goals ahead

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when youngster Syria added another. Fiorentina came back through the

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Moys Keen and Roberto Picoli, turning the match into a draw.

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There was also a debut for Denzel Dumfries, but let's

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be clear, this was a preseason friendly. It does not

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tell us who will win LaLiga, how Madrid will defend

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in big matches, or whether Mourinho can take the club

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back to the top of Europe. What it does tell

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us is that the second Mourinho era has begun and

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Madrid already have a young forward demanding attention. Endrick has

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spent much of the last year being discussed as a

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future star. Now he needs to become a present one.

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A goal in Mourinho's first public match is a very

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good way to begin. The challenge for Mourinho is managing

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the expectations around him. Real Madrid do not hire Jsse

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Mourinho for a quiet rebuild. They hire him to make

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the club feel dangerous again. That is the question hanging

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over this new era. Can Mourinho combine the intensity and

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defensive discipline that made him successful with a group of

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young players who need room to grow. Endrick Start suggests

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this Madrid team may have more than just a famous

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manager and a famous shirt. It may have the next

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generation ready to take over. Now. While Madrid are beginning

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a new chapter, Chelsea are spending like they are trying

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to write an entire book. Chelsea's reported summer deal under

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Shahbi ar Lonso include Morgan Rogers for one hundred thirty

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eight million euros, Plestra for fifty seven million, and Lacrois

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for sixty million. That is approximately two hundred fifty five

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million euros across three reported moves, and that is before

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we even start counting the rest of the activity around

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Stamford Bridge. Chelsea have become one of football's most reliable

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transfer stories because the question is never whether they will spend.

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The question is whether all that spending is producing a

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team with an identity. Ar Lonso is a major appointment.

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He has a clear reputation as a coach who wants

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his teams to control games, move the ball intelligently, and

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press with purpose. But a manager cannot build that identity

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if the squad keeps changing faster than the tactics can settle.

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The best version of this spending spree is a deliberate

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rebuild the rights, the right ages and enough quality to

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challenge at the top of the Premier League. The worst

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version is another enormous collection of expensive players all competing

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for the same places, with the manager eventually asked to

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make sense of it. Chelsea supporters have seen both versions

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of this story before the early matches will tell us

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whether Ahlon Sou has been given a squad or simply

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a shopping receipt. One club that has made a much

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cleaner statement is AC Milan. Milan have signed Gonsala Ramos

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from Paris Saint Germain for a reported club record fee

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of seventy million euros. Ramos was excellent for Portugal at

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the World Cup, and Milan are paying for a striker

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who arrives with a higher profile, more confidence and a

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major tournament behind him. For Milan, this is not just

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a signing for depth. It is a statement that the

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club wants a proper number nine, capable of leading the

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attack and carrying pressure in important matches. Ramos also gets

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a chance to reset his story. At PSG, the competition

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and expectations made it difficult for him to become the

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unquestioned center of the attack. At Milan, the role should

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be much clearer if he settles quickly. This could be

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one of the most important transfers of the summer in Italy.

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And then there is Newcastle, where the transfer window looks

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less like a rebuild and more like a fire sale.

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Arsenal are reportedly close to signing Bruno Gimmeres for twenty

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nine point two million euros. Newcastle have also reportedly agreed

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to send Anthony Gordon to Barcelona. Losing one important player

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can be explained. Losing two major players in the same

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window raises a much bigger question. What is happening at Newcastle?

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This is a club that was supposed to be building

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toward the top of English football. Bruno has been one

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of the team's most important midfielders, Gordon became one of

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its most dangerous attackers. If both departures happen, Newcastle will

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have to replace not just talent but personality. They will

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be losing players who set the tempo and carried responsibility.

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Maybe this is a financial reset, maybe it is a

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tactical change. Maybe Newcastle have decided the squad needs to

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be rebuilt around a different group. But from the outside

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it looks like a club moving backward at exactly the

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moment it was supposed to be moving forward. Elsewhere in England,

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Manchester City have reportedly signed Elliot Anderson for one hundred

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thirty five million euros, while Manchester United are building under

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Michael Carrick, with Andre Santos and Yuri Teelaman's also coming in.

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That tells you what kind of summer this is becoming.

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New managers, new sporting plans and enormous sums being committed

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before the season has even properly begun. Chelsea are spending

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the loudest. City are spending with a clear expectation of

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competing immediately. United are trying to build a new foundation.

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Newcastle may be trying to stop theirs from collapsing, and

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in Australia, Chelsea and Tottenham are meeting in the Sydney

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Super Cup as the preseason schedule rolls on. It is

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not the biggest story of the day, but it is

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a reminder that the clubs are already on the road,

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already testing new players and already trying to turn transfer

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window theories into something that works on a pitch. So

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that is Sunday's picture. Mourinho is back at Real Madrid

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and Endrick has already given him something to celebrate. Chelsea

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are spending at a breathtaking pace under Shabi r Lonso

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Milan have made Gonsolo Ramos their record signing. Newcastle may

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be losing the core of their attack and midfield, and

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across England new managers are being handed very expensive tools.

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The transfer window still has a month to run. That

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may be the most unsettling part for the messy effect.

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I'm Jamie Rudd.