Welcome to the latest World Soccer newsletter. This month we bring you interviews with Carlo Ancelotti, the Milan coach with the magic touch. Plus we speak to Freddy Adu, a fallen wonder kid looking for redemption in Europe, and we hear from Franck Ribery about his early impressions of Bayern Munich.

The new issue of World Soccer looks back on the major transfers that took place over the summer in Europe, and asks whether all the money spent will represent value for money for the continent’s big hitters. There’s an exclusive interview with Golden Boot winner Francesco Totti, and we speak to Real Madrid new boy Wesley Sneijder.

Brian Glanville tries to unravel the recent comings and goings at Chelsea, while the club’s chief executive Peter Kenyon outlines his long-term vision for the club. Plus, Redondo one of the more controversial players of his generation pulls no punches with his assessment of the current state of Argentinian football. There’s an in-depth study of Michel Platini’s proposals to revamp the Champions League and David Conn explains why David Dein is itching to return to the Arsenal boardroom.

This month’s country spotlight focuses on Venezuela a nation making rapid advances both on and off the pitch, while our travel feature looks at the delights on offer in Valencia.

Our Memories section looks back on England’s doomed qualification campaign for the 1974 World Cup finals, which marked the end of Sir Alf Ramsey’s reign, while the Pros’ Pro focuses on Jose Reina.

Remember, you can discuss all the latest developments in the game, give your opinion on anything in World Soccer and keep up to date with all the latest news at www.worldsoccer.com