Clubs from the English Premier League spent the second highest amount in history in the 2023/24 season – two and a half billion pounds (approximately 73 billion crowns). However, they spent most of it on reinforcements already in the summer. In the winter, they bought players for “only” one hundred million (approximately three billion crowns). According to Deloitte’s analysis, this is a drop of £715 million compared to the transfer window a year ago.
England’s top clubs didn’t rush into action on transfer deadline day either, bringing in seven players permanently and six on loan for a combined £30m. At last year’s deadline, representatives of Premier League teams spent £275 million.
In total, English teams made 30 signings in the winter window, of which 17 players arrived on transfer. “The high spending invested during the summer transfer window probably contributed to the more cautious approach,” reported specialist Tim Bridge from Deloitte’s Sports Business Group for the BBC. He added that concerns over Premier League financial regulations and points deductions could also be to blame.
Outside of the covid season, the last time England’s top clubs spent less on transfers was in the 2011/12 season, when they spent £60 million. The decrease in investment was also felt lower in the pyramid of professional competitions. Across the second, third and fourth leagues, clubs paid £15m for transfers – ten less than last season.
The rich Saudi Arabian teams didn’t spend much either – while they found 853 million pounds for reinforcements in the summer of 2023, they only spent 21.3 million in the winter. It is interesting that, of the TOP 5 European competitions, the most money was spent in the winter by the representatives of France, who gave 162 million pounds for transfers.
The rest of the “big five” without England, and with their contribution, spent a total of 388 million pounds on new players, which is more than last year. At that time, teams from Europe’s top four leagues spent £218 million.