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Premier League clubs eye all-time transfer record despite cost of living crisis

London (AFP) – The cost of living crisis in England has passed Premier League clubs by with the all-time record for an entire season, £1.86 billion ($2.15 billion) from 2017-18, under threat of being broken come the closing of the transfer window later on Thursday.

Cristiano Ronaldo’s 37-year-old legs and sky-high wages have deterred Europe’s aristocracy from signing him from Manchester United and granting his wish for Champions League football.

However, in contrast United and their domestic rivals have found no outlandish fee or wage demands beyond them.

As of last Thursday, gross spending by the 20 Premier League teams stood at £1.5 billion, surpassing the 2017 record of £1.43 billion spent by English clubs in the close-season window.

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

Manchester United helped reduce the gap further early on Thursday as Erik ten Hag was reunited with another of his former Ajax proteges, Antony.

The 22-year-old was prised away for a reported 95 million euros, making the Brazilian forward the fourth most expensive player in Premier League history.

“This is an incredible moment in my career to be joining one of the most iconic clubs in the world,” Antony said in a statement on United’s website.

His fee is a record for an Eredivisie player, demoting former Ajax team-mate Frenkie de Jong’s 86-million-euro move to Barcelona to second. Ironically, United have pursued the latter throughout the close season without success.        

Antony is likely to be United’s last big money signing of this window, with a reported £60 million for 30-year-old Brazilian midfielder Casemiro their other eye-catching capture.

“As a manager you always want more,” said Ten Hag.

“You always want to maximise but at a certain point you also have to be satisfied with what is there.”

– ‘Best for the club’ –

His spending pales into insignificance compared to that of Chelsea, whose indifferent start to the campaign mirrors that of United’s.

Thomas Tuchel has outlaid around £250 million of the American owners’ money, receiving similar backing to that of former owner Roman Abramovich in the transfer market.

Having finally got French defender Wesley Fofana for a reported £70 million on Wednesday, Tuchel is still keen to sign veteran Gabonese striker Pierre-Emerick Aubameyang from Barcelona.

The 33-year-old would cost around £7.5 million with Chelsea defender Marcos Alonso also part of the package.

This despite Aubameyang being sidelined for several weeks after having his jaw broken in a break-in at his house earlier this week.

There are also rumours that Tuchel is keen to denude Ajax of another star, Edson Alvarez, who would be considerably more expensive than Aubameyang.

Liverpool have been relatively parsimonious in the transfer market, but Jurgen Klopp is known to want a midfielder — even more so with Jordan Henderson going off injured in the 2-1 win over Newcastle on Wednesday.

Klopp is a known admirer of Aston Villa’s Brazilian midfielder Douglas Luiz, who has a year left on his contract.

Villa could do with him as they have made a poor start to the season — they are second from bottom after five matches — but their manager and former Liverpool captain Steven Gerrard admits the matter is out of his hands.

“There’s more than two people that are in control of that but I’m certainly not one of them,” said Gerrard.

“That will be Douglas, that will be his agent and that will be what happens around that.

“We are not in a position where we need to lose top players.

“But at the same time, Douglas has got a year to go and it is really one of those really touchy situations where the club has to do what is best for the club, not necessarily what is best for me.”

Liverpool are also trying to bring in Brazilian midfielder Arthur Melo on loan from Juventus.

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  1. Roberto

    September 2, 2022 at 10:01 am

    The final tally was almost 2 Billion dollars. The EPL spent more then the German, Spanish and Italian leagues COMBINED! Chelsea broke the record for the most spent by a single team. In total the European leagues spent almost 4 billion.
    Forest who I had hoped would stay up bought the most players. It may have been better if they went for quality rather then quantity.
    Hope the people of the U.K. who may freeze this winter appreciate all the money spent on football! The big tax breaks for the rich here in the U.S. and the U.K. has gone to money well spent.

    • Mercator

      September 2, 2022 at 12:30 pm

      The Financial Times has a pretty good article of the EPL and transfer market today. 15 of the 20 most expensive signings went to EPL clubs, EPL clubs spent almost half of all transfer fees (2bn v 4.5bn total), 7 of the 10 highest spending clubs are in the EPL. Devastating numbers if you aren’t in England – this obviously will have a huge on field impact over time.

      Good quotes:

      “The bulk of Premier League spending has gone overseas, with just £155mn going on signings from lower [English] leagues.”

      “Some clubs have been encouraged to spend more this summer ahead of tighter financial restrictions coming in ahead of next season, while new investors and managers have helped boost transfer market activity.”

      “The Premier League transfer market is where the money is at. And if I’m a European club, I want to sell my player to the English market because I will maximise my transfer fees,” said Marlon Fleischman, an agent at Unique Sports Group.

  2. jason

    September 1, 2022 at 9:56 pm

    The perspective really comes into view watching the Welcome Wrexham series so far. The money that the Premier League is dealing with here is unfair. All the way to the bottom of the table now. No wonder Norwich and Fulham trade places in the league every other season.

  3. Mercator

    September 1, 2022 at 9:32 am

    They will smash it. Fulham just signed half the Brazilian over 30 team.

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