Revealed! Why Premier League clubs spent only £61.2m on transfer this winter
More facts have emerged why Premier League clubs were cautious to spend more on transfer matters this winter.
In the analysis published by the UK publications, Mirror, January transfer was nothing to write home about with clubs resisting to splash big money as the financial implications of the coronavirus pandemic are laid bare
Top flight English clubs have spent a combined total of £61.2m on new players in the winter transfer window.
That’s less than a third of the £218.3m they spent this time last year and the lowest in the last decade.
The previous record low was the £86.7m spent in January 2012.
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Premier League clubs also received £24.4m in transfer fees, working out at a net spend of £36.8m.
It takes total Premier League spending for 2020/21 to £1.26billion.
That’s the lowest amount since 2015/16 when £1.137billion was spent on new players.
It is perhaps no surprise that clubs have been cautious in their transfer spending this January.
The Covid-19 pandemic has meant no crowds have been at games since March 2020, depriving clubs of vital match day income.
The five current Premier League clubs to have released their 2019/20 accounts have reported an average drop in income of 12% – Brighton & Hove Albion (10%), Everton (1%), Manchester United (19%), Southampton (15%) and Tottenham Hotspur (15%).
Only six Premier League clubs spent any money on transfers this window.
West Ham United topped the list with the £20m spent to bring Said Benrahma to the club.
Manchester United spent the next most, £18.2m on Amad Diallo.
Aston Villa, meanwhile, spent £16m on Morgan Sanson, Brighton spent £4.5m on Moises Caicedo, Liverpool spent £2.0m on Ben Davies, and Arsenal spent £540,000 on Omar Rekik.