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
Araghchi to Grossi: These parties will bear responsibility for the consequences of their actions
Araghchi to Grossi: Iran will respond to any unlawful action by European countries or parties attempting to turn the Agency into a tool for achieving their objectives
Araghchi to Grossi: We urge the Agency to warn against the consequences of any political move against Iran
Araghchi to Grossi: We call on the Agency to highlight Iran’s full cooperation during the upcoming Board of Governors meeting next week
Araghchi to Grossi: We demand that the Agency reflect the facts in a manner that prevents certain parties from exploiting it to advance their political agendas
Iranian Foreign Minister Abbas Araghchi holds a phone call with IAEA Director General Rafael Grossi
Trump envoy Witkoff has sent 'detailed and acceptable proposal' to Iran for nuclear deal; it's in their best interest to accept it: White House Press Secretary Leavitt
Hamas official says Witkoff's position toward group was 'unfair' and shows 'complete bias' to 'Israel'
Hamas official says it has considered Witkoff's proposal acceptable for negotiations, says 'Israel's' response was incompatible with what the group agreed on
Hamas official says group has not rejected Wikoff's proposal for Gaza ceasefire

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

US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025

Coverage

All
War on Gaza

Read Next

All
MIT bans class president who gave pro-Palestine speech
US & Canada

MIT bans class president over pro-Palestine speech

Arab ministers condemn Israel 'ban' on planned West Bank visit
Politics

Arab ministers condemn Israeli ban on planned West Bank visit

Major General Hu Gangfeng, Vice President, National Defense University, People's Liberation Army, China, leaves after a panel discussion during the 22nd Shangri-La Dialogue summit in Singapore, Saturday, May 31, 2025. (AP Photo/Anupam Nath)
Politics

China blasts Hegseth, calls US top 'troublemaker' in Asia-Pacific

US activists demand shutdown of Musk's 'dirty' supercomputer: Reports
Technology

US activists demand shutdown of Musk's 'dirty' supercomputer: NBC News

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