Premier League transfer spending falls for first time in seven years

Premier League,Premier League Clubs,Premier League transfers,top six Premier League clubs,Premier League transfer spent
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Premier League has recorded its lowest spending during the January transfer window in seven years.

According to a Deloitte report, released on Friday, the Premier League clubs have not even spent 50% of the £430 million ($608 million) gross trade during January 2018. The fall occurs shortly after the year that has reportedly accounted for a record more than $7 billion spent on global FIFA transfers.

Also read: ‘Over $7 billion spent on global FIFA transfers in 2018’

Premier League spending in the January transfer window reportedly fell for the first time since 2012 after three of the top six clubs decided not to add players to the squad, states a Deloitte report published on Friday.

The total spending d on Thursday (January 31), the last day of the transfer window, has been recorded at £ 50 million pounds ($65.49 million). The closed the month’s spending at  £180 million pounds ($235.6 million). Almost 30% of the total expenditure was accounted for by Chelsea’s £55 million ($ 72 million) spent for Christian Pulisic from Borussia Dortmund.

According to a SkySports report, most of the major transactions this January saw players leaving Premier League sides, with Brahim Diaz moving from Manchester City to Real Madrid for £15.5m, Mousa Dembele moving to Guangzhou R&F from Tottenham for £11m, and Schalke shelling out £9.6m for Manchester City’s Rabbi Matondo.

The total spending during the period is less than half of January 2018 spending of £430 million pounds ($608 million). The deals last year included Liverpool signing Virgil van Dijk from Southampton for a world record deal fee for a defender.

The top six Premier League clubs – Liverpool, Manchester City, Tottenham Hotspur, Arsenal, Chelsea and Manchester United – accounted for 43 percent of expenditure, lower than January last year when this figure stood at 62 percent.

Tottenham are set to play the entire 2018-19 campaign without recruiting players, having failed to add new faces over the last two transfer windows. Liverpool, United, Everton and Southampton also chose not to sign anyone in January.

The Deloitte report also confirmed that clubs in the bottom six of the standings recorded spending of 20 million pounds, compared to 90 million pounds in the same period last year.

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