Premier League football clubs cut back from last summer’s record transfer outlay, as financial rules constrained spending and previously spendthrift Saudi Arabia showed greater restraint.
England’s top 20 clubs, which dominate spending in the window for trading players, spent roughly €2.35bn during the summer transfer season, according to football data website transfermarkt. That was a 16 per cent drop from the same period last year.
But Premier League clubs narrowed their net spend — the difference in the price of players bought and sold — markedly. This summer they spent €764mn more than they received for players, shrinking from a deficit of almost €1.3bn last year.
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