Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area

Premier League clubs spend £1.9 billion, break expenditure records

  • By Al Mayadeen English
  • Source: Agencies
  • 2 Sep 2022 14:51
3 Min Read

Premier League clubs broke their previous single-season expenditure record with a staggering £1.9 billion.

  • x
  • Premier League clubs break expenditure records, billions worth frenzy
    Premier League clubs break expenditure records, billions worth frenzy

In a staggering £1.9 billion ($2.1 billion) spending binge over the summer, Premier League clubs broke their previous single-season expenditure record.

The Sports Business Group at Deloitte assessed that the gross spending by the 20 English Premier League teams during the transfer window that closed on Thursday was the biggest in the competition's history.

A single transfer window was all it took for Premier League teams to surpass the $1.86 billion milestone established between the summer and winter transfer windows combined during the 2017–18 season, despite the cost-of-living crisis engulfing Britain.

The gross spending on a total of 169 players, as reported by Deloitte, was also 34% greater than the previous record for a single window, which was £1.4 billion in the summer of 2017. It was 67 % more than the £1.1 billion amount spent by the Premier League during the summer transfer window last year.

"Gross spend was so high among Premier League clubs this summer that, before this season's January transfer window had taken place, the 2022/23 season already has the highest transfer spend since the two-window season began, exceeding the previous record by 3% (2017/18's £1.86 billion)," Deloitte said. 

After spending declined for two seasons due to the financial effects of the coronavirus, nine Premier League teams together spent more than £100 million as spending surged back to pre-coronavirus levels. 

Related News

Netflix Estimates Squid Game Will Be Worth Almost $900 Million

Squid Game Could Become Netflix's Biggest Hit Ever

The Premier League spent more money than the Bundesliga, Serie A, and La Liga combined.

Deloitte's Sports Business Group lead partner Tim Bridge said that "The record level of spending during this transfer window is a clear indication of Premier League clubs' confidence, as fans return to stadia and a new broadcast cycle begins,” adding that “It's now become part and parcel of the Premier League that clubs are willing to pay significant sums to maximize performance.”

Furthermore, Bridge highlighted that "This season, the desire to acquire playing talent has reached new levels as the pressure for clubs to stay in the competition is higher than ever."

 The Chelsea Spree

The rise in expenditure was sparked by Chelsea's new ownership, Todd Boehly's consortium taking over from Roman Abramovich.

Chelsea spent more than any other team in the history of the Premier League in a single window with a £255 million splurge. They spent $53 million more than Manchester United, which spent $202 million, the next-highest amount during this window. The £70 million acquisition of French defender Wesley Fofana from Leicester by Chelsea represented the highest transaction made during the window.

Nottingham Forest, which returned to the Premier League for the first time since 1999, posted a gross expenditure of £126 million on an astounding 21 players. Only three clubs have been recorded by Deloitte to have spent more than £100 million right away after being promoted to the Premier League.

Read more: Klopp describes Parker's sacking after 9-0 defeat as 'unbelievable'

  • Chelsea
  • Premier League
  • English Premier League
  • La Liga
  • Bundesliga
  • Series
  • football

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS