Premier League clubs spent more money this summer than they have ever before in a transfer window, surpassing £3 billion.
By the end of August, a total of £2.73 billion had been spent, but big-money deadline day deals, like Alexander Isak’s move from Newcastle to Liverpool for a British record £125 million, increased the total to £3.087 billion.
The spending was significantly higher than the previous summer, when top-flight teams spent £1.96 billion.
What significant deals were there on the deadline day?
The major deals weren’t officially announced until after the window shut at 19:00 BST, though moves could still be completed two hours later if deal sheets were submitted in time.
Although an expected move for England defender Marc Guehi failed in the end because Crystal Palace refused to approve the move because they had trouble finding a replacement for their captain, Isak’s move was confirmed at 21:30 BST.
Newcastle made the announcement that Yoane Wissa would join them for £55 million after Isak’s departure was confirmed.
Other notable signings included Fulham’s completion of the club-record £34.6 million deal to sign Brazilian winger Kevin from Shakhtar Donetsk.
Belgian international Senne Lammens was signed for an initial sum of £18.1 million from Royal Antwerp, while Aston Villa’s Jadon Sancho signed for a season-long loan on a permanent basis. He also signed Liverpool’s Harvey Elliott on loan with a buy option.
Randal Kolo Muani, a striker for Paris St-Germain, was signed on a season-long loan deal, while Piero Hincapie was signed on a season-long loan deal by Arsenal from Bayer Leverkusen.
With the signing of Ajax players Brian Brobbey and Bertrand Traore, as well as RB Leipzig defender Lutsharel Geertruida on a season-long loan, Sunderland continued its summer of spending.
Who made the most money?
Liverpool have gone the exact opposite way this time around after barely surviving Arne Slot’s first transfer window last year.
Isak’s summer spending increased to £415 million, breaking the previous record for the amount a single club spent in a single window.
Chelsea broke the previous record for the summer of 2023 (£400m).
This is almost twice as much as the total money spent in other European leagues, not to mention that this is more than any other club in Europe.
Former Manchester City goalkeeper Joe Hart described his move on BBC Radio 5 Live’s Monday Night Club as “a humongous flex by Liverpool.”
“They have brought in some brilliant players, and they have made some phenomenal moves and money.”
Chelsea and Arsenal both invested a lot of money in recent years in order to strengthen their squad and increase their chances of winning the title.
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How the spending in the Premier League outstrips that in other countries.
While Isak made a move between Premier League clubs, many of the major summer deals involved signings from Europe.
For instance, Liverpool signed keeper Giorgi Mamardashvili from Valencia for £29 million, while also signing keeper Giovanni Leoni from Parma for £26 million. Florian Wirtz from Bayer Leverkusen for £116 million, Hugo Ekitike from Eintracht Frankfurt for £79 million, and Jeremie Frimpong from Bayer Leverkusen for £29.5 million.
In addition to signing strikers Benjamin Sesko from RB Leipzig for £73.7 million, Manchester United signed a total of £114.5 million while Sporting spent a total of £114.5 million on signings Viktor Gyokeres and Martin Zubimendi from Real Sociedad and Arsenal signed a total of £114.5 million.
Premier League clubs signing players from European competitions will have made a contribution to the Bundesliga, La Liga, and Ligue 1 coming out of the window with a net profit of more than £400m.
The remaining “big five” competitions are becoming feeder leagues, according to Paul MacDonald of FootballTransfers.com, “because the Premier League spending is so far ahead of the others and is so crucial to the transfer market ecosystem.”
“La Liga, Serie A, Bundesliga, and Ligue 1 all spent money this summer, but it was already revenue.”
Promoted clubs offer incentives to advance survival combat.
All three Championship-winning teams have immediately returned after the past two seasons.
All three newly promoted clubs have taken action to alter the outcome of the Premier League’s growing competition.
More than half of the other Premier League clubs have spent money at Sunderland, which is now back in the top flight after eight years of abstention.
Their spending total of £162 million was the eighth-highest, even surpassing that of Manchester City, despite Pep Guardiola’s side having yet to confirm a deal proposed for Italy goalkeeper Gianluigi Donnarumma on Monday night.
Former Premier League striker Chris Sutton remarked, “In the last couple of years, the promoted clubs have gone right back.”
Sunderland have given themselves an opportunity to stay up, but I’m surprised by how much money they’ve spent.
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- Premier League
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Source: BBC
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