Wednesday, 1 February 2017

First transfer-window profit for Premier League clubs

English Premier League football clubs have once again the highest-spending league in European football during the January window. According to analysis by professional and financial services company Deloitte, the league spent a record total of almost £1.4bn (€1.6bn/$1.8bn) on transfers during the 2016-17 season.
Although the recently-closed January window saw teams record net transfer receipts of £40m, the gross spending figure of £1.4bn surpasses last season’s record of £1bn by a third.

This year’s January window marked the first time that Premier League clubs have received more in transfer fees from overseas clubs and English Football League clubs than they have paid out to those clubs.

Premier League teams spent £215m on new players in the January window, but big-money moves for the likes of Oscar from Chelsea, Dimitri Payet (pictured) from West Ham United and Odion Ighalo from Watford resulted in clubs recording net transfer receipts of £40m.

Clubs currently in the bottom six of the Premier League accounted for 50 per cent of total expenditure in January, with bottom-half sides spending £145m – 67 per cent of total expenditure. Expenditure on deadline day alone totalled £60m, an increase on last year’s figure of £40m and the highest deadline-day spend since 2011.

Dan Jones, partner in the Sports Business Group at Deloitte, said: "Spending by Premier League clubs in this January's transfer window totalled £215m, surpassing last year's total of £175m as the second-highest ever, behind January 2011.

"The sales of Oscar, Dmitri Payet, Odion Ighalo and Memphis Depay, as well as around £20m worth of sales to Championship clubs, have helped Premier League clubs record net receipts for the first time in a transfer window.

"As was the case last year, it is clubs in the bottom half of the table who have driven expenditure this January, investing in their squads in an attempt to secure survival. This is no surprise given clubs' reliance on the revenues generated from the Premier League's broadcast deals."

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