Four clubs splash out but Premier League spending falls
Clubs in English soccer's Premier League spent a combined £1.23 billion ($1.57 billion) in the summer transfer window, down £200 million on the record shelled out a year ago, and marked the first fall in spending since 2010, according to Deloitte, the professional services firm.
Some 40 per cent of the spending came from just four clubs - Liverpool (£165 million), Chelsea (£120 million), Fulham (£105 million) and Leicester City (£100 million) - with Chelsea breaking the world transfer record for a goalkeeper, spending £71 million on Spanish goalkeeper Kepa (pictured).
In contrast, and an explanation for the year-on-year drop in spending, Tottenham Hotspur did not sign a single player in the window, the first time this has happened since the summer transfer window was introduced in 2003.
Tim Bridge, director in the Sports Business Group at Deloitte, said: “Premier League clubs’ gross player transfer expenditure of £1.2 billion continues to demonstrate the sheer purchasing power of the most commercially successful football league in the world. With Premier League clubs’ aggregate revenues forecast to reach £5 billion in 2018-19, clubs can well-afford to significantly invest in on-pitch talent in the quest for both success and survival.”
Premier League clubs' net expenditure was £865 million, compared with £665 million a year ago.
Of the players arriving, just £175 million - or 14 per cent - were deals between Premier League clubs, and almost £100 million of that was accounted for in Manchester City's purchase of Leicester's Riyad Mahrez and Everton's acquisition of Watford's Richarlison.
Across the other ‘big five’ top divisions in Europe, Serie A was the second-biggest spender in the latest summer transfer window, shelling out around £910 million to date, headlined by Cristiano Ronaldo's €100-million move to Juventus, ahead of LaLiga (£680m), the Bundesliga (£400m) and Ligue 1 (£350m).
However, those figures will rise, as the transfer window in Italy does not close until 17 August, while in German, Spain and France it closes on 31 August.