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
Hamas says to release US captive Edan Alexander.
Al Mayadeen's sources: Trump will announce that Hamas will release US captive Edan Alexander from Gaza.
Al Mayadeen correspondent: Israeli aircraft bombed the coastal province of Hodeidah on the Red Sea, west of Yemen.
The Israeli occupation military issues a bombing threat against the Yemeni ports of Ras Isa, Hodeidah, and Salif.
UKMTO says vessel reported a small craft colliding with it, attempting to collide with other vessels in the area
UKMTO says it received a report of an incident 80NM northwest of jebel Ali, UAE
Israeli Foreign Minister says 'Israel' fully endorses Trump plan for Gaza aid: Reuters
Iranian state media: The fourth round of nuclear talks between Tehran and Washington has kicked off in Oman
Senior Israeli intelligence official: Contacts are underway between Syria and "Israel" to retrieve the body of the spy Eli Cohen
Reuters: US and Chinese officials met again in Geneva to resume trade talks

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

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
A Yemeni gunman walks past paintings depicting rockets and scenes in solidarity with Gaza, displayed on a roadside fence in Sanaa, Yemen, Monday, May 5, 2025 (AP)

Oman brokers US-Yemen ceasefire, Israelis in dark regarding deal

  • Politics
  • 6 May 2025
Saree

Yemeni Armed Forces target key Israeli sites, USS Truman

  • MENA
  • 7 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Lindsay Hoyle kept nearly 300 gifts as Commons Speaker
Politics

300 gifts later, Speaker Hoyle sparks questions on MPs gifts rules

Echoes of nuclear safety in the age of artificial super intelligence
Technology

AI firms urged to calculate catastrophe odds like Oppenheimer

UK Lawyers for Israel under fire over Gaza obesity remarks
Europe

Advocacy group slammed for calling Gaza starvation a fix for obesity

Rep. Bonnie Watson Coleman, D-N.J., speaks with an officer demanding she be let into the ICE Detention office after the arrest of Newark Mayor Ras Baraka, Friday, May 9, 2025, in Newark, N.J. (AP)
Politics

Tensions escalate: DHS may arrest Congress members over ICE incident

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