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Premier League Spending In Transfer Window The Lowest Since 2006
Net spending still up on last year's summer transfer total.
Aug 31, 2010 4:04:00 PM
By Michael Landon
Premier League clubs have spent £350 million in the 2010 summer transfer window, according to business advisory firm Deloitte.
Overall, spending was down by 22% on last summer's Premier League total, despite heavy investment in the transfer market from Manchester City.
The billionaire-owned Manchester club have been a key driver in this transfer window, with the club’s acquisitions of around £125m representing 36% of total spending.
“Premier League clubs’ spending in this transfer window has been restrained at around £350m, after three years in which the clubs had spent £450-500m each summer," explained Dan Jones, Partner in the Sports Business Group at Deloitte.
"In general, an absence of new owners and clubs striving to improve their financial balance has diminished the vibrancy of the transfer market.”
Despite total spending being down, net spending by England's top flight clubs has actually increased by a large margin from the same period in 2009.
“Whilst the headline figure for player transfer spending is 22% down, the level of net spending by Premier League clubs of £190m is actually more than double that in summer 2009 and similar to the levels in each of 2008 and 2007.
"Last year’s net transfer spending of £80m was lower in particular due to Premier League clubs in receipt of £110m in transfer fees from Real Madrid alone.” Jones added.
Whilst new Premier League rules have come into effect concerning home-grown players, the values of player transfers between Premier League clubs and player transfers from Football League clubs are much reduced compared to each of 2007 to 2009. Premier League clubs have spent around £70m on players from other Premier League clubs.
Also interesting to note is an increase in the value of total transfer fees to overseas clubs, which was around £260m, up 66% on the level in summer 2009. This represents around three-quarters of total transfer fees committed by Premier League clubs (34% in summer 2009). This level of spending significantly exceeded transfer fees received from overseas clubs.
Compared to the top leagues in other countries, the Premier League generates significantly more revenue and continues to redistribute significant financial value to overseas clubs through the player transfer market.
For all the latest transfer news visit Goal.com's Transfer Zone and join Goal.com USA's Facebook fan page!
Overall, spending was down by 22% on last summer's Premier League total, despite heavy investment in the transfer market from Manchester City.
The billionaire-owned Manchester club have been a key driver in this transfer window, with the club’s acquisitions of around £125m representing 36% of total spending.
“Premier League clubs’ spending in this transfer window has been restrained at around £350m, after three years in which the clubs had spent £450-500m each summer," explained Dan Jones, Partner in the Sports Business Group at Deloitte.
"In general, an absence of new owners and clubs striving to improve their financial balance has diminished the vibrancy of the transfer market.”
Despite total spending being down, net spending by England's top flight clubs has actually increased by a large margin from the same period in 2009.
“Whilst the headline figure for player transfer spending is 22% down, the level of net spending by Premier League clubs of £190m is actually more than double that in summer 2009 and similar to the levels in each of 2008 and 2007.
| James Milner |
David Silva | Yaya Toure |
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"Last year’s net transfer spending of £80m was lower in particular due to Premier League clubs in receipt of £110m in transfer fees from Real Madrid alone.” Jones added.
Whilst new Premier League rules have come into effect concerning home-grown players, the values of player transfers between Premier League clubs and player transfers from Football League clubs are much reduced compared to each of 2007 to 2009. Premier League clubs have spent around £70m on players from other Premier League clubs.
Also interesting to note is an increase in the value of total transfer fees to overseas clubs, which was around £260m, up 66% on the level in summer 2009. This represents around three-quarters of total transfer fees committed by Premier League clubs (34% in summer 2009). This level of spending significantly exceeded transfer fees received from overseas clubs.
Compared to the top leagues in other countries, the Premier League generates significantly more revenue and continues to redistribute significant financial value to overseas clubs through the player transfer market.
For all the latest transfer news visit Goal.com's Transfer Zone and join Goal.com USA's Facebook fan page!
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