How Much Did Premier League Clubs Spend This Summer?

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Premier League clubs have spent an unprecedented sum this summer. This record surpasses gross transfer expenditure across Europe’s Big Five leagues combined.

There are various reasons for this trend, from Chelsea’s lavish Todd Boehly spending to Newcastle United receiving funds from Saudi PIF in order to stay in the Premier League.

1. Manchester City

Manchester City owners led by Sheikh Mansour have spared no expense when it comes to creating one of the world’s premier football clubs. Their current squad cost over $1.1 billion to assemble; including spending an eye-watering PS51 million this summer on goalkeeper Erling Haaland who’s quickly become one of their star performers.

But while many may argue that wealth breeds success, Manchester City’s success has come with relatively minimal net 10-year spending compared to many Premier League teams; only three teams rank ahead of City when all sales and outgoings expenses are considered; these are Chelsea under new president Todd Boehly and Liverpool who have been more prudent recently.

2. Manchester United

Manchester United have spent millions on players who have not lived up to their price tags, with Paul Pogba being purchased at an unprecedented world record fee in 2016. While Pogba displayed some promise when fit, his struggles in an ineffective team left little chance for his presence to shine through.

Erik ten Hag has narrowed the gap with Manchester City under Erik ten Hag, and could even finish as second this weekend; but this won’t come cheaply as signings like Jadon Sancho and Raphael Varane have driven spending since Sir Alex Ferguson departed to over PS1billion.

United has long been valued by its Glazer family as being at a fair value, though investment or sale remains available options.

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3. Liverpool

The Premier League is one of the world’s premier competitive and watched leagues. Each season, clubs spend large sums of money strengthening their squads so as to achieve success on the pitch.

Liverpool have come under criticism from fans for failing to match Manchester City’s spending over recent seasons and have suffered this season, occupying fifth spot in the Premier League table.

Since Fenway Sports Group assumed ownership, they have seen increases in matchday income, broadcast revenue and commercial revenue. Philippe Coutinho’s departure has helped finance acquisitions such as Virgil van Dijk and Alisson Becker.

4. Chelsea

Big-spending in the Premier League appears to have resumed after a brief dip, yet in unexpected places.

Todd Boehly and his ownership group have increased spending since taking control of Chelsea in May.

Since 2012, the Blues have spent almost $1 billion in player purchases.

But they did it while staying within UEFA’s current Financial Fair Play regulations thanks to sales such as Kai Havertz and Mason Mount to Arsenal.

Mudryk, Felix, Badiashile, Fofana and Fernandez all signed eight-year deals, helping spread out the cost of transfers over an extended period of time.

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5. Arsenal

Arsenal had limited funds left after selling Ozil and Aubameyang, yet managed to land some excellent bargains like Morgan Gibbs-White and Yves Bissouma for relatively reasonable sums of money.

The Gunners made their presence known with several eye-catching signings such as Gabriel Jesus and Oleksandr Zinchenko from Manchester City, who may prove worth their price in performance; whether or not it’s good value will depend on Mikel Arteta, but the board have certainly given him plenty of room.

Swiss Ramble’s Twitter feed offers insight into this and other football transfers. His analysis makes the sometimes complicated financial data clubs are required to disclose easier to digest.

6. Tottenham

The usual suspects from the “Big Six” have dominated summer spending, yet Tottenham have made some impressive moves this summer. James Maddison for PS40 million from Leicester City looks an excellent value purchase while Guglielmo Viacario and Manor Solomon could prove beneficial additions for Spurs in north London.

Tottenham are one of 17 clubs across Europe to have seen an increase in the value of their fixed assets since 2008. Their investments include investing in a new stadium and seeing land values soar by nearly EUR257m since last year – this enabled them to increase transfer spending significantly – perhaps signalling they intend to compete again among Europe’s elite clubs.