Title: 10-1 Relegation: 200-1 Sack Race: 20-1
C Poulsen (Juventus, £4.5m), D Wilson (Rangers, £2m), J Shelvey (Charlton, £1.7m), J Cole (Chelsea, free), M Jovanovic (Standard Liège, free)
total spent: £8.2m
Y Benayoun (Chelsea, £5.5m), A Riera (Olympiacos, £5m), D Martin (MK Dons, free), P Degen (VfB Stuttgart, loan)
total made: £10.5 m
Player to watch
Joe Cole. Feeling loved again, he has already made a good impression and will benefit from playing regularly.
Left-back is a weakness, as re-signing Fabio Aurelio shows. As ever, losing Fernando Torres or Steven Gerrard to injury is the main worry.
Roy Hodgson was a prophet without much honour in his own country until taking Fulham from the brink of relegation to a European final. Now he has the big chance he craved.
Story of the summer
Fans gave up on last season before Christmas, but Cole’s arrival and the retention of Torres and Gerrard point to a manager who knows what he wants, rather than Benitez’s dithering.
Last season 7th
Lowest position since 1999 amid ownership crisis.
This season 5th
“Getting better all the time. Can’t get no worse.” (Beatles)