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Premier League clubs shatter summer spending record


London (AFP) – Premier League clubs have shattered their record for summer transfer window spending, according to analysis from sports finance experts Deloitte.

Gross spending by the 20 Premier League teams stood at £1.5 billion ($1.7 billion) on Thursday, surpassing the 2017 record of £1.43 billion spent by English clubs in the close-season window.

It is also more than the £1.44 billion spent in the whole of last season.

With a week to go until the window shuts on September 1, the all-time record for an entire Premier League season, £1.86 billion from 2017-18, could be beaten in the current summer window alone. 

“The record levels of spending that we’ve seen in this summer transfer window so far provides a sign that the business models of Premier League clubs are rebounding post-Covid,” Chris Wood, assistant director in Deloitte’s Sports Business Group said.

“Whilst this is encouraging, the importance of clubs establishing responsible and sustainable spending policies cannot be overstated. 

“Clubs must balance their desire to be competitive on-pitch with the need to protect long-term financial and operational viability.”

Premier League clubs have signed 135 players this summer, already more than in the 2019 or 2020 summer windows and closing on last August’s 148.

Two-thirds of those have seen a fee paid, including 14 separate players moving for reported fees in excess of £30 million.

That list is topped by Benfica forward Darwin Nunez’s £85.5 million move to Liverpool. 

Chelsea have spent £60 million on Marc Cucurella, £47.5 million on Raheem Sterling and £34 million on Kalidou Koulibaly.

Manchester United splashed out £60 million on Real Madrid midfielder Casemiro, while Manchester City paid £50 million for Borussia Dortmund striker Erling Haaland.

Arsenal spent a combined £77 million on Manchester City duo Gabriel Jesus and Oleksandr Zinchenko.

Tottenham laid out £60 million to bring Brazilian striker Richarlison from Everton, while West Ham, Nottingham Forest and Wolves have also engaged in substantial spending.

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8 Comments

8 Comments

  1. JP

    August 25, 2022 at 4:02 pm

    Aside from the Leicester miracle in 2016, EPL has had the same amount of champions as Ligue 1 and La Liga in that time frame…PSG/Monaco/Lille, Barca/Real/Atleti, City/Liverpool/Chelsea. The narrative of the EPL having so much parity at the top isn’t born out by the facts. Recently it’s resembled La Liga with two very dominant clubs (City/Liverpool) and the usual cast of characters floating around top 4 or 6….(Sevilla, Atleti, often Sociedad and Villarreal in the case of La Liga). The other leagues actually have more variety in the top 6 than EPL with the same number of different champions. Say you find EPL more exciting if you wish, but don’t perpetuate the false narrative that EPL is so unpredictable.

    • JP

      August 25, 2022 at 4:02 pm

      This was meant as a reply to @Hans.

  2. Roberto

    August 25, 2022 at 1:52 pm

    Chris and Kartik is spending vast amounts of money every year and vacuuming up much of the world’s talent actually good for football?
    You say the EPL is the best most exciting league. The same teams win every year! Yes, this year has started with some great games and some very poor games. The richest is not the same as the best, the money needs to be redistributed, so the bottom teams will be competitive at the end. Not just the contrived excitement of not going down, for some again, every other year.

    • Christopher Harris

      August 25, 2022 at 2:06 pm

      That’s fair. But in your opinion, what is the best and most exciting league to watch in the world?

    • Hans

      August 25, 2022 at 3:36 pm

      Many like the EPL because they offer two things that are not present in any other European league with perhaps Serie A being the exception. Exciting and unpredictable outcomes of matches. Just look at this years start newly promoted Forest are trying to make a statement and then who would have thought that Leicester would win the league, they were at > 1000:1 odds. Again a statement for youth development with elite managers and smart buy low sell high.
      .
      This does not happen in the Bundeslida (Bayern), La Liga (Real, Barca Athletico) or League 1 (PSG). Serie A in the last 3 years had three different champions. In the EPL their is a true fight for top 6 positions and any one who predicted a two horse race between Pool and City this season is scratching their head. That is why we love the EPL, yes money is being spend because that is the only way to attract the world’s best managers and coaches to present thrilling matches. You can’t have one without the other.

      • Roberto

        August 25, 2022 at 3:54 pm

        Chris* & Hans, let’s revisit this topic in January and see if this couple of weeks of excitement lasts into the new year.
        In January there will be probably another Billion spent to keep up the level of excitement, I can hardly wait.
        *Sure if enough money is spent, you should get top notch games but all this money has brought us some truly terrible games along the way.

        • Mercator

          August 25, 2022 at 4:18 pm

          @Roberto – My issue is more of a long term one, I cannot see how any club in Germany could ever compete with Bayern. They won’t just run away with it this year, you get the feeling its perpetual, they will win the league every year with a few exceptions until the league or Bayern is gone. It’s the same with PSG more or less. I do not get this feeling with the EPL. Arsenal won’t win this year, but I think we very well could in a year or two. There is hope and I watch in part to see that progress. City is rich and competent, and right now clearly the best, but there are 6-7 other rich clubs who with a bit of competence can knock City off as Liverpool has done. Even crazier, basically any PL or Championship team can be the next City with the right (rich) owner.
          .
          There is no one in Germany, no matter how competent, who can compete with Bayern unless Bayern seriously screws up. There are no other clubs with the financial resources, and unlike the EPL, there is no chance of an owner coming in and putting in the finances themselves to make other teams competitive long term. I like Frankfurt follow them a bit … but really what’s the point? There is nothing Frankfurt is can do to eclipse Bayern. Unlike Arsenal, I have NO hope they will every truly make it to the top.
          .
          I hated Chelsea for a decade, but the further away we get from their takeover the more I come to the view that actually it was a good thing for the league. It hurt because they basically threw Arsenal down a peg, but Arsenal were at the end of an era already then. Without Chelsea (and later City), I really think we could be in a situation where United just run the league like Bayern does and there is NO hope of any other club seriously catching them. City will go the way of United once Pep leaves – they are a very well run and managed club, as were Barca, but we know that cannot continue forever.

        • Hans

          August 25, 2022 at 5:06 pm

          You have not answered Chris’ question nor have you come with an alternative where to get ones football (soccer) fix. Easy to criticize without presenting an alternative. After all it is an entertainment, so who presents the most compelling entertainment will attract the best talent and that costs money. It is simple Economics 101 and has nothing to do with the sum of money being spent. In addition it is also an investment and that can be risky, just look at how governments spend their monetary resources.
          .
          So yes along the way I will be entertained and will celebrate when the Barca Mafiosos will see their club exit the Champions League early. Now there is a topic regarding irresponsible money spending that you could focus on.

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