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!
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.