Five questions answered on the cost of the premier league transfer list

Football is big business

Football clubs are often criticised for their extravagant spending on the ‘beautiful game’, and as another Premier League transfer deadline passes it’s been revealed clubs spent twice as much on players this year than last. We answer five questions on the cost of this year’s Premier League transfer list.

How much money has been spent during the course of this year’s transfer window?

After closing at 11pm yesterday about a £120 million had been spent, with £35 million of that frantically spent transfer deadline day.

Net spend this year, which includes money recouped on player sales, was £70m.

How does this compare to previous years?

Well, it’s double what was spent last year, £60 million, but a drop in the ocean compared to what was spent in 2011, which was a record £225m.

Who were the biggest spenders this year?

The biggest spenders were Liverpool, QPR and Newcastle, the three combined contributing to 50% of the January total.

On average the biggest spenders are Chelsea who has spent £12.3m on average since the transfer window tradition started 10 years ago, QPR £11m, Man City £10.9m, Tottenham £9.1m, Liverpool £8.1m and West Ham £5.71m.

Chelsea holds the record for the most ever spent in a transfer window when it dished out £75 million in 2011.

Who were the most expensive players this year?

Mario Balotelli, who went from Manchester City to Milan for £17m, plus £5m add-ons, followed by Christopher Samba from Anzhi Makhachkala to QPR  for £12.5m.

What have the experts said about this year’s transfer spend?

Dan Jones, partner in the sports business group at Deloitte told the BBC:

Clubs have been relatively restrained in their player transfer-fee spending, in spite of the upcoming uplift in their broadcasting revenues.
Clubs are now in a reporting period that will count towards the first assessment of Uefa's financial fair play break-even requirement for international competition, and Premier League clubs are also considering the implementation of additional cost-control regulation at a domestic level.

Harry Redknapp was quoted earlier in the week saying about the transfer process:

There's not that many deals happening. If someone can muscle in on a deal… it's a bit like ice cream sellers when someone has nicked their pitch… in Glasgow! Someone's going to shoot them or something!

Adding:

This transfer window, I have never seen anything like it. Every agent seems to be trying to screw one another. It's like gang warfare out there – it's scary. If you're trying to get a player another agent will try to scupper that deal if he's not involved in it, to try to get you to have one of his. It's unreal, unbelievable. They're all fighting for big money – that's the problem.

 

Photograph: Getty Images

Heidi Vella is a features writer for Nridigital.com

Photo: Getty
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Seven things we learnt from the Battle for Number 10

Jeremy Corbyn emerged the better as he and Theresa May faced a live studio audience and Jeremy Paxman. 

1. Jeremy Corbyn is a natural performer

The Labour leader put in a bravura performance in both the audience Q&A and in his tussle with Jeremy Paxman. He is often uncomfortable at Prime Minister’s Questions but outside of the Commons chamber he has the confidence of a veteran of countless panels, televised discussions and hustings.

If, like me, you watched him at more hustings in the Labour leadership contests of 2015 and 2016 than you care to count, this performance wasn’t a surprise. Corbyn has been doing this for a long time and it showed.

2. And he’s improving all the time

Jeremy Corbyn isn’t quite perfect in this format, however. He has a temper and is prone to the odd flash of irritation that looks bad on television in particular. None of the four candidates he has faced for the Labour leadership – not Yvette Cooper, not Andy Burnham, not Liz Kendall and not Owen Smith – have managed to get under his skin, but when an interviewer has done so, the results have never been pretty for the Labour leader.

The big fear going into tonight for Corbyn was that his temper would get the better of him. But he remained serene in the fact of Paxman’s attempts to rile him until quite close to the end. By that point, Paxman’s frequent interruptions meant that the studio audience, at least, was firmly on Corbyn’s side.

3. Theresa May was wise to swerve the debates

On Jeremy Corbyn’s performance, this validated Theresa May’s decision not to face him directly. He was fluent and assured, she was nervous and warbly.  It was a misstep even to agree to this event. Anyone who decides their vote as far as TV performances tonight will opt for Jeremy Corbyn, there’s no doubt of that.

But if she does make it back to Downing Street it will, in part, be because in one of the few good moves of her campaign she chose to avoid debating Corbyn directly.

4.…but she found a way to survive

Theresa May’s social care U-Turn and her misfiring campaign mean that the voters don’t love her as they once did. But she found an alternate route through the audience Q&A, smothering the audience with grimly dull answers that mostly bored the dissent out of listeners.

5. Theresa May’s manifesto has damaged her. The only question is how badly

It’s undeniable now that Theresa May’s election campaign has been a failure, but we still don’t know the extent of the failure. It may be that she manages to win a big majority by running against Jeremy Corbyn. She will be powerful as far as votes in the House of Commons but she will never again be seen as the electoral asset she once was at Westminster.

It could be that she ends up with a small majority in which case she may not last very much longer at Downing Street. And it could be that Jeremy Corbyn ends up defeating her on 8 June.

That the audience openly laughed when she talked of costings in her manifesto felt like the creaking of a rope bridge over a perilous ravine. Her path may well hold until 8 June, but you wouldn’t want to be in her shoes yourself and no-one would bet on the Conservative Party risking a repeat of the trip in 2022, no matter what happens in two weeks’ time.

6. Jeremy Paxman had a patchy night but can still pack a punch

If Jeremy Paxman ever does produce a collected Greatest Hits, this performance is unlikely to make the boxset. He tried and failed to rouse Jeremy Corbyn into anger and succeeded only in making the audience side with the Labour leader. So committed was he to cutting across Theresa May that he interrupted her while making a mistake.

He did, however, do a better job of damaging Theresa May than he did Jeremy Corbyn.  But not much better.

7. Theresa May may have opposed Brexit, but now she needs it to save her

It’s not a good sign for the sitting Prime Minister that the audience laughed at many of her statements. She had only one reliable set of applause lines: her commitment to getting the best Brexit deal.

In a supreme irony, the woman who opposed a Leave vote now needs the election to be a referendum re-run if she is to secure the big majority she dreams of. 

Stephen Bush is special correspondent at the New Statesman. His daily briefing, Morning Call, provides a quick and essential guide to British politics.

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