News

Report: Premier League’s 2023 transfer spend decreases by £715m

The data released by Deloitte reveals interesting trends in transfer spending across European football leagues. While the Premier League saw a significant decrease in transfer spending compared to the previous year, other top leagues in Europe saw an increase in spending. The report also highlights the impact of Financial Fair Play regulations and profit and sustainability regulations on club spending, with examples of clubs being charged for breaching these regulations. Additionally, the data sheds light on the transfer activity in the Women’s Super League, showing a decrease in transfers completed in the January window compared to the previous year, but an overall increase in transfers across the 2023-24 season. Overall, the report provides valuable insights into the financial aspects of football and the impact of regulations on club spending.
The spending of Premier League clubs on transfers in January totaled £100 million ($127.7m), according to new data released by Deloitte. This figure is significantly lower than the record amount of £815m spent during the 2023 transfer window. Apart from January 2021, when spending was restricted due to the COVID-19 pandemic, the only other time clubs have spent less on new players in a single window was in January 2012, which totaled £60m.

Meanwhile, spending by clubs in Europe’s “top five” leagues increased from €255m in January 2023 to €455m in January 2024. Ligue 1 clubs in France had the highest gross transfer spend, totaling €190m, marking a 53% increase from the previous year. Serie A, LaLiga, and the Bundesliga also experienced year-on-year increases in gross transfer spend.

Despite the relatively quiet window, with Tottenham’s signing of defender Radu Dragusin from Genoa as the most expensive new acquisition, Premier League clubs have spent a total of £2.5 billion across the 2023-24 season’s summer and winter transfer windows, making it the second-highest figure in the competition’s history.

The decrease in expenditure on transfers may be attributed to the growing influence of Financial Fair Play regulations and the willingness of leagues and governing bodies to enforce profit and sustainability regulations (PSR). For instance, Everton has been charged twice by the Premier League this season for breaching PSR regulations and has been docked 10 points as a result. Nottingham Forest also faces charges for breaching the competition’s financial policies.

Deloitte also found that the 44 transfers completed by Women’s Super League (WSL) clubs in January represented a 14% fall from the amount of business conducted in the 2023 January transfer window. However, the 226 transfers by WSL clubs across the two windows in the 2023-24 season exceed the amount completed across each of the previous three campaigns.

David Richard

Hello, I am David. I have worked in several sports magazines specializing in football, and I have a great love for this sport and a passion for following itI will do my best to bring you the latest news.