Premier League clubs splash out in biggest January spend in four years

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Premier League clubs spent 295 million pounds ($397 million) in the January transfer window, the most since 2018, with the bottom five teams accounting for more than 50% of the spend, Deloitte said in a report published. on Tuesday.

Gross spending in the English top flight was more than four times higher than in January 2021, where teams spent just £70m, making this year’s January transfer window the second highest since 2003.

The midfield pairing of Donny van de Beek and Dele Alli had a chance to rebuild their faltering careers at 16th-ranked Everton after making moves on Monday, the day of the transfer deadline.

Relegation-threatened Newcastle United were also active following their takeover by the Saudi Arabian Public Investment Fund, signing Brazilian Bruno Guimaraes from Olympique Lyonnais for around €40 million ($45.03 million). , among other agreements.

Deloitte’s Sports Business Group added that Premier League spending accounted for nearly 50% of gross spending across Europe’s ‘big five’ leagues.

“This transfer window indicates that financial pressures from COVID on Premier League clubs are easing, with spending firmly back at pre-pandemic levels and notably among the highest we have seen in January,” Dan Jones, head of the Sports Business Group at Deloitte, said in a statement.

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

“Other major European leagues are also spending more again, but it is the Premier League clubs that have achieved the highest total spend in this transfer window, spending nearly £150m more than Serie A clubs, the closest competitor.

Premier League clubs recruited 36 players overall in the window, compared to an average of 42 during the January 2018-20 windows, but 16 more than in 2021.

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