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Financial Fair Play? For the first time ever, Premier League spending tops £1 billion
THOUGH JANUARY’S TRANSFER window was possibly quieter than a lot of fans would have liked, a spend of £175 million brings the total spending of Premier League clubs to over £1 billion according to business advisory firm Deloitte.
It surpasses the previous record of £965m set just last season and was driven in large part by clubs in the bottom half of the table with the combined spending of the bottom six clubs hitting £90m.
By comparison, last year those clubs that found themselves in the bottom six on transfer deadline day had a gross transfer spend of only £20m during that window.
Alexander Thorpe, senior manager in the Sports Business Group at Deloitte said:
This January also saw the highest ever total spend by Premier League clubs on players from overseas clubs with £110m spent compared with £65m in January 2015.
3 winners and 3 losers from the January Transfer Window
23 Irish players who moved during the January Transfer Window
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