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Transfer spending by leading clubs

Arsenal’s £112m gross spend was their lowest since the 2018/19 season, which was not overly surprising, given that they had splashed out around half a billion pounds in the previous two seasons.

The Gunners also sold well, as their £92m was the highest the club has made from player sales since 2017/18, including two Academy products, Emile Smith Rowe to Fulham and Eddie Nketiah to Crystal Palace, plus Aaron Ramsdale to Southampton.

Their net spend was only £19m, which was firmly in the bottom half of the Premier League. You have to go back as far as 2012/13 for the last time it was this low.

Aston Villa

Villa spent big this summer, but also recouped a lot of money via player sales.The £183m gross spend was their second highest ever, only surpassed by £204m in 2021/22, and the fourth highest in the Premier League this summer.

However, they set a new club record for sales with £172m, which was much more than the previous peak of £103m in 2021/22 that included the mega sale of Jack Grealish to Manchester City. Also the second highest in the Premier League this summer.

They were the masters of the mutually beneficial two way deals in June, whereby clubs did not swap players (definitely not), but did just happen to buy and sell at the same time in separate agreements. Villa had such arrangements with Juventus, Chelsea and Everton.

Brentford

Brentford had gross spend of £100m for the first time in the club’s history, but this was largely After two years when they made big money from player sales, Brighton really went for it this summer, splashing out £235m on player purchases. They only generated £49m from player sales, so their net spend was a substantial £186m, which was not only the highest in the Premier League, but also the highest worldwide.

As would be expected, the Bees have ramped up their spending in the transfer market since promotion to the top flight, especially in the last three years, when their outlay added up to £260m. However, this was still firmly in the bottom half of the Premier League.

Brighton and Hove Albion

After two years when they made big money from player sales, Brighton really went for it this summer, splashing out £235m on player purchases. They only generated £49m from player sales, so their net spend was a substantial £186m, which was not only the highest in the Premier League, but also the highest worldwide.

Although Brighton were the big spenders this summer, their net spend over the last three years was only £20m, as they posted large net sales in each of the previous two seasons (£82m in 2022/23 and £84m in 2023/24). In fact, only four clubs in the Premier League had lower net spend (or net sales) in this period.

Chelsea

Once again, Chelsea had the highest gross spend in the Premier League with £265m, though they also had the highest sales of £210m. The Blues have topped both of these rankings three years in a row.

As always, they sold well, making good money from Ian Maatsen to Aston Villa, Conor Gallagher to Atlético Madrid, Lewis Hall to Newcastle United, Romelu Lukaku to Napoli and Omari Hutchinson to Ipswich Town. They also sold Angelo to Al-Nassr after the end of the Premier League deadline, as the Saudi transfer window only closed on 2nd September.

Everton

Everton’s transfer spend over the last few years helps explain why they have had issues with the Premier League’s Profitability and Sustainability Regulations (PSR), but also the impact on their activity since then.

In the four years between 2017/18 and 2020/21, they splashed out a sizeable £555m, but this has more than halved in the subsequent four seasons to £240m. In that period, they have had net sales on three occasions, including this summer’s £34m.

Everton’s £48m net sales over the last three years are the highest in the Premier League, while they are the only club in England’s top flight to have had net sales over the last five years.

Liverpool

Liverpool only spent £43m, which is their lowest since 2019/20 and was the second smallest in the Premier League this summer. They ame £60m of sales, so ended up with net sales of £17m.

This was in contrast to the previous two seasons, when they spent £133m in 2022/23 and £179m in 2023/24. Neverthelss, their £369m outlay in the last three years was only 13th highest in the Premier League, while the top five places were filled by the other five members of the Big Six.

Manchester City

Manchester City only spent £25m this summer, bringing in Savinho from Troyes, part of the City Football Group portfolio, while they had the third highest sales in the Premier League with £168m.

This resulted in £143m net sales, the highest in England’s top flight. This was the first time that City have had net sales for 19 years.

Over the last five years, City have spent £860m, which was the fourth highest in the Premier League. However, in the same period, they also made £680m sales, which was the second highest in England. As a result, their £180m net spend was only 12th highest.

Manchester United

Manchester United spent £219m on player purchases, which was the third highest in the Premier League this summer. This was partly offset by £106m sales, but this still led to £113m net sales, again the third highest in England.

United have splashed out more than £200m three years in a row, adding up to £678m, which is only second to Chelsea’s unprecedented spending spree. It’s the same story over the last five years, as United’s outlay was a hefty £945m, again only below Chelsea.

Newcastle United

After three years when their player purchases were more than £150m, Newcastle United only spent £70m this summer, entirely offset by £77m of sales to give £7m net sales.

This was partly due to the PSR challenges that the club has built up with its previous high outlay, but that did not prevent the lengthy pursuit of Crystal Palace’s Marc Guéhi, though that ultimately proved fruitless.

Newcastle’s issues with PSR have not been helped by making very little money from player sales in the three years between 2020/21 and 2022/23, which contributed to a relatively high net spend of £438m in the last five years. This was the fifth highest in the Premier League, ahead of both Liverpool and Manchester City.

Nottingham Forest

Having spent less than £80m in their last ten years in the Championship, Forest had to spend a lot following promotion, so they have splashed out a total of £420m in their three years in the top flight, which is actually the seventh highest in the Premier League in this period.

They have had more than £100m of player purchases each year, though this peaked at £170m in 2022/23, falling to £137 last season, then to £113m this summer. However, this was still in the Premier League’s top ten.

Forest offset that outlay with £91m of sales, which is a new club record, just above last season’s £86m, so their net spend was only £23m.

Tottenham Hotspur

Daniel Levy is famous for running a tight ship, but the reality is that Tottenham have spent a lot of money in the transfer market, splashing out more than £100m in each of the last six seasons in an attempt to win some elusive silverware.

This summer’s £147m gross spend was the fifth highest in the Premier League, as was their £87m net spend (net of £60m sales). However, this was only around half of the huge £284m outlay last season.

In the last five years, Spurs have spent £853m, which was the fifth highest in the Premier League, almost exactly the same amount as Manchester City. Their £588m net spend was actually fourth highest.

West Ham

It might have gone unnoticed, but West Ham have quietly ramped up their transfer activity, spending well over £100m in each of the last three seasons. In fact, the Hammers have the sixth highest gross spend in England over that period with £482m.

This summer’s outlay was £147m with only £46m sales, leading to a substantial £101m net spend, the fourth highest in the Premier League. This was in contrast to last season’s £27m net sales, which was driven by the massive sale of Declan Rice to Arsenal.

Despite the huge sums invested in the transfer market, there is not always a great correlation with success on the pitch, otherwise Chelsea and Manchester United would be mounting strong challenges in the Champions League, but in fact neither of them managed to qualify for this season’s competition.

 

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