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

The 2026 transfer window had barely begun and already brought deals that will be discussed for months. Sandro Tonali left Newcastle for Tottenham for £100 million, Matheus Fernandes followed the same path 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 cheaper than possible.

Newcastle: from euphoria to quiet collapse

Recently the Magpies were seen as the next big project funded by Persian Gulf capital. An unprecedented qualification for the Champions League, the Carabao Cup over Liverpool. Fans were dreaming big. Then came the tragedy: Alexander Isak was sold to the rival they had defeated in the final, and the club ended the season in 12th place.

Tottenham bet high — but reality is harsh

Roberto De Zerbi arrived at Spurs determined to reinvent the club, and the board supports him. Within 48 hours, London witnessed Tottenham close Matheus Fernandes for £85 million and, the next day, break their own record with Tonali. Two of Europe’s best midfielders in one week.