Tonali to Tottenham for £100m and more: who won and who lost in the summer window

The 2026 transfer window has barely begun and it has already produced deals that will be talked about for months. Sandro Tonali left Newcastle for Tottenham for £100 million, Mateus Fernandes made the same move for £85 million, and Gonçalo Ramos left PSG for Milan for 75 million euros. Not all of these deals can be considered good — someone always pays more than they should or sells for less than they could.

Newcastle: from euphoria to a quiet collapse

Not long ago, the Magpies were seen as the next big project funded by Gulf capital. A historic Champions League qualification, the Carabao Cup won over Liverpool. The fans dreamed big. Then came the tragedy: Alexander Isak was sold to the very rival they had beaten in the final, and the club finished the season in 12th place.

Tottenham bet big — but the reality is harsh

Roberto De Zerbi arrived at Spurs determined to reinvent the club, and the board is backing him. In 48 hours, London watched Tottenham close Mateus Fernandes for £85 million and, the very next day, break its own record with Tonali. Two of the best midfielders in Europe in a single week.