Tuesday, May 24 2022

Premier League clubs splashed out nearly £300 million in January — the second-highest amount ever spent in the winter transfer window — boosted by a flurry of late big-money moves.

The arrivals of Luis Diaz, Bruno Guimaraes and Rodrigo Bentancur in the last few days of the month lifted the league’s gross spending to £295 million ($398 million) according to figures from finance company Deloitte.

January 2018’s figure of £430 million remains the record but this year’s outlay is more than four times higher than last year’s figure of £70 million, when the coronavirus crisis hit budgets.

The clubs’ net expenditure –. player purchases less player sales — of £180 million is the highest since the January transfer window was introduced in 2003.

The five clubs currently at the bottom of the Premier League spent around £150 million, more than 50 percent of the total.

Among the big moves, Liverpool signed Porto’s Colombia winger Diaz for a reported initial fee of £37.5 million while Newcastle paid an initial £35 million for Lyon’s Brazilian midfielder Guimaraes.

Newly wealthy Newcastle also paid Burnley £25 million for New Zealand international striker Chris Wood and signed England defender Kieran Trippier for £12 million from Atletico Madrid.

Dan Jones, head of Deloitte’s sports business group, said: “This transfer window indicates that the financial pressures of Covid on Premier League clubs are easing, with spending firmly back to pre-pandemic levels and remarkably among the highest we’ve ever seen in January.

“The Premier League continues to lead the way globally, retaining its status as the world’s biggest domestic football league in financial terms, once again supported by full stadia and securing strong overseas broadcast deals.

“Other large European leagues are also edging back to higher spending, but it is Premier League clubs that have notched up the largest total spend in this transfer window, spending almost £150 million more than Serie A clubs, the closest competitor.”

Total gross spending across Europe’s “big five” leagues (the Premier League, La Liga, Serie A, Bundesliga and Ligue 1) reached 735 million euros ($828 million), exceeding last January’s total by 460 million euros.

“In stark contrast to January 2021, the wider European transfer market appears buoyant,” said Calum Ross, assistant director at the sports business group.

“Many clubs are starting to bounce back from significant Covid-induced reductions, with rising revenues re-activating activity within the transfer market.”

jw/nr

Previous

Brock Boeser with a Goal vs. Chicago Blackhawks

Next

Revised NHL COVID protocol includes removal of daily testing

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Pro Sports Media

Trending Now

Cardinals vs. Pirates live on Peacock: How to watch, stream, start time, TV channel for MLB Sunday Leadoff game

It’s the St. Louis Cardinals vs the Pittsburgh Pirates live from PNC Park at 11:30 AM this Sunday on Peacock. 18 MLB games will be featured on the streaming service this season. Live coverage begins at 11:00 a.m ET. See below for additional information on how to watch the game. RELATED: MLB schedule 2022: Every […]

Read More

MLB odds: Best Rookie of the Year futures bets to make now

By Edward EgrosFOX Sports MLB Betting Analyst What better way to get your week started than to bet in the MLB futures markets? We’ve discussed World Series champions, MVP possibilities and Cy Young candidates. Now, let’s analyze the Rookie of the Year.    As we’ve discussed, FanGraphs WAR has been a reasonably good indicator of end-of-season awards. Rookie of the […]

Read More

Bulls vs. Wizards: Lineups, injuries, and broadcast info for Friday

The Chicago Bulls are back home to host the Washington Wizards on Friday night, and if you’re wondering how you can watch the action live, you’ve come to the right place. The Bulls (25-10) are coming off a 102-98 victory over the Orlando Magic on Monday. The Washington Wizards (19-19) are fresh off a 114-111 […]

Read More