Premier League clubs break transfer record with £1.9bn spending

Premier League clubs have broken their record for transfer spending in the summer window alone for a season.

Deloitte’s Sports Business Group estimates gross spending this summer was $1.9 billion.

According to Deloitte, gross spend is 67% higher than the previous summer transfer window of £1.1bn and 34% higher than the previous record (£1.4bn in summer 2017).

“Gross spending has been so high for Premier League clubs this summer that the 2022/23 season, before this season’s January transfer window took place, already boasts the highest transfer spend since the start of the two-window season and the previous record exceeded by 3%. (2017/18 £1.86bn),” the group said.

New ownership structures acted as a catalyst for higher spending this summer, with Chelsea spending more than any other Premier League club; £157.8m more than last summer (£255.3m 2022; £97.5m 2021) and £53.3m more than second-biggest spend (£202m from Manchester United).

Liverpool and Manchester United’s respective moves for strikers Darwin Nunez and Antony are the most expensive this summer, both worth around £85m, with Chelsea signing defender Wesley Fofana from Leicester for an initial £70m.

The Blues and United have been two of the league’s biggest donors, with Chelsea’s new owner Todd Boehly also funding moves for Marc Cucurella (£60m), Raheem Sterling (£47.5m) and Kalidou Koulibaly (£34m), while Casemiro (£60m) and Lisandro Martinez (£57m) joins Antony in United’s top 10 most expensive signings of all time.

Raheem Sterling (centre), Marc Cucurella (second right) and Kalidou Koulibaly (right) are summer big bucks at Chelsea (Steven Paston/PA)

(PA wire)

Zal Udwadia, deputy director of Deloitte’s Sports Business Group, told the PA news agency earlier in the Window: “What you’ve really seen this summer is that you’ve brought full-scale return of fans and new broadcast deals into play. You really have clubs with a high level of confidence and assurance going into that window.

“The start of a new broadcast cycle, with the international share of rights exceeding domestic rights for the first time, once again underscoring the global appeal of the Premier League.”

Premier League clubs have signed 19 players from Football League clubs, up from just six in summer 2021, with 68% of those players signing for fee.

Newcastle striker Alexander Isak and West Ham’s new midfielder Lucas Paqueta were among seven players signed for over £50m this summer, while 19 players have been signed for £30m or more, with nine different clubs contributing to that list.

This summer’s transfer window also saw a different demographic group of top spending clubs compared to previous years, with newly promoted Nottingham Forest gross spending of £126.0m to the Premier League (Aston Villa, 2019: £124.9m) £; Fulham, 2018: £104.3m).

It’s a new look Nottingham Forest team (Peter Byrne/PA)

(PA wire)

Udwadia added: “The ‘Big Six’ clubs (spend) to consolidate or reach those four Champions League spots. You’ve got another group trying to get into European football and reaping the rewards that brings and you’ve got a whole bunch of clubs just spending money to stay in the Premier League because the The cost of going down is so high.

£1.43billion was spent in the summer of 2017, a record until it was broken a week before this year’s deadline, including Romelu Lukaku’s £75million move to Manchester United and Alvaro Morata’s capture of £60m from Chelsea while Manchester City spent big on Kyle Walker Bernardo Silva, Benjamin Mendy and Ederson.

A further £430m followed in January 2018 with big moves for centre-backs Virgil van Dijk and Aymeric Laporte to Liverpool and City respectively and striker Pierre-Emerick Aubameyang to Arsenal.

https://www.independent.co.uk/sport/football/premier-league-summer-wesley-fofana-alexander-isak-todd-boehly-b2158077.html Premier League clubs break transfer record with £1.9bn spending

Fry Electronics Team

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