Hobby Economists

Monday, July 19, 2010

Joe Cole Signed for Liverpool

Former Chelsea star Joe Cole has finally joined Liverpool on a four-year deal today (19 July 2010). The player would now have to go through medical before joining the pre-season Liverpool camp.

Joe Cole club future became the subject of intense speculation after the England international was released by Chelsea at the end of the last season. The 28-year-old left wing attracted interest from a host of European clubs including Arsenal, Tottenham Hotspur, Manchester United, Manchester City, AC Milan and Valencia.

A final decision from Joe Cole on his future looked just around the corner as Liverpool recently offered a £90,000-a-week salary, even though he was looking for a weekly salary of around £120,000. In fact, Joe Cole failed to extend his Chelsea contract mainly because of financial disagreement.

For Liverpool, the signing of Joe Cole is significant on a number of reasons. First of all, this has been the first major signing since Roy Hodgson took over the managerial role at the Merseyside club few weeks back.

Moreover, signing of Joe Cole could convince Liverpool stars like Steven Gerrard and Fernando Torres to stay at the club as it proves that the club is determined to make a serious bid for the Premier League title next season.

Joe Cole’s recent form at the World Cup 2010 with England was not satisfactory and he missed a lot of action for Chelsea during the last season due to injury. Still, he was one of the most attractive free agents mainly because of his quality as a player. Cole has been perhaps one of the most consistent performers of England national team over the last 4 or 5 years.

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