Audio By Carbonatix
The top five leagues in Europe spent a combined record £5bn in the 2019 summer transfer window, an increase of £800m on the previous record set in 2018, according to Deloitte.
Premier League clubs spent £1.41bn, following a flurry of signings on their deadline day on 8 August.
Spanish top flight clubs paid £1.24bn in 2019, doubling spending from 2017.
Clubs in Italy's Serie A, Germany's Bundesliga and France's Ligue 1 all set new transfer records in their leagues.
La Liga sides spent a combined total of more than £1bn for the first time, with Antoine Griezmann moving from Atletico Madrid to Barcelona for £108m, Joao Felix switching from Benfica to Atletico for £113m and Eden Hazard transferring from Chelsea to Real Madrid for £90m.
Scottish Premiership sides spent an estimated £25m, with Old Firm rivals Celtic and Rangers making up the majority of that total, while other top teams utilised loan and free transfer methods for players.
Dan Jones, head of Deloitte's sport business group, says the record spending is "unprecedented" and has been driven by a number of factors, including additional money from new television contracts, and squad revamps resulting from managerial changes.
"The improved financial performance of European football clubs has also reduced the need for clubs to sell their best players," Jones said.
He added, though, that Premier League spending has fallen.
"Looking to the Premier League, this summer's player transfer expenditure fell narrowly short of record levels, and net spend was at its lowest level since summer 2015," he said.
"While this level of net spend as a proportion of revenue of 11% is the lowest since summer 2011, we still expect wages to increase at a greater rate than revenue in the next couple of seasons."
The European transfer window closed on 2 September.
| What Europe's top five leagues spent | ||
|---|---|---|
| Competition | Total spend | Biggest single purchase |
| Premier League | £1.41bn | Harry Maguire (Man Utd, £80m) |
| La Liga | £1.24bn | Joao Felix (Atletico Madrid, £113m) |
| Serie A | £1.06bn | Romelu Lukaku (Inter Milan, £74m) |
| Bundesliga | £670m | Lucas Hernandez (Bayern Munich, £68m) |
| Ligue 1 | £605m | Wissam Ben Yedder (Monaco, £36m) |
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
One killed in road crash at Anyaa Market
2 minutes -
China announces record $1tn trade surplus despite Trump tariffs
6 minutes -
Global temperatures dipped in 2025 but more heat records on way, scientists warn
6 minutes -
Police arrest man over alleged sale of 3-year-old son for GH¢1m
10 minutes -
Asiedu Nketia calls for investigation into cocoa sack procurement under ex-government
14 minutes -
Ghanaians divided over DStv upgrades as government ramps up anti-piracy war
18 minutes -
African exporters face tariff shock as U.S. eyes AGOA Extension Bill
27 minutes -
Vanity, Power, Greed, and the People We Forgot to empower
31 minutes -
Economic recovery puts Ghana on track to end IMF oversight
32 minutes -
Health Minister directs teaching hospitals to operate 24-hour OPD and lab services
52 minutes -
Drivers association warns against excessive sales targets, speeding amid rising road crashes
58 minutes -
Drivers association urges gov’t to invest in alternative transport to curb road crashes
1 hour -
Dollar demand picks up as businesses restock for the rest of the year
1 hour -
WHO urges higher taxes on tobacco, alcohol, sugary drinks
1 hour -
Legal and constitutional assessment of Ghana’s Gold-For-Reserves Programme
2 hours
