Last night brought the end to yet another Premier League silly season of transfer activity. Premier League clubs had a gross transfer spend of c£1.9bn in the summer transfer window eclipsing the previous high of £1.4bn and even surpassing the full season transfer spending record of £1.86bn from the 2017/18 season. Net summer transfer spend was £1bn in the period. To put the summer transfer spend into context; spending was 6 times the average Premier League clubs expected revenue for the 2022/23 season of £302m. What’s more is that spending exceeded the combined total of spend of Spanish La Liga sides, Italy’s Serie A clubs and German Bundesliga spend. All of this reaffirms the Premier League’s dominance as top of the spenders’ league.
Source: Deloitte Annual Review of Football Finance 2022, BBC.