Premier League clubs spent 295 million pounds ($397 million) in the January transfer window, the most since 2018, a Deloitte report confirmed on Tuesday.
The bottom five teams accounted for more than 50% of spending, the report adds.
Gross spending in the English top flight was more than four times higher than in January 2021, when just £70million was spent by teams, making this year’s January transfer window the second highest spend since 2003.
The midfield pair of Donny van de Beek and Dele Alli had a chance to rebuild their shaky careers at 16th-placed Everton after making moves on Monday’s transfer deadline day.
Relegation-threatened Newcastle United have also been active following their takeover by Saudi Arabia’s Public Investment Fund, signing Brazilian Bruno Guimaraes from Olympique Lyonnais for around 40 million euros ($45.03 million), among other transactions.
Deloitte’s Sports Business Group added that Premier League spending accounted for almost 50% of gross spending in Europe’s “big five” leagues.
“This transfer window signals that the financial pressures of COVID on Premier League clubs are easing, with spending firmly back to pre-pandemic levels and remarkably among the highest we have seen in January,” he said. said Dan Jones, head of the Sports Business Group at Deloitte, said in a statement.
“The Premier League continues to lead the way globally, maintaining its status as the world’s largest domestic football league in financial terms, again supported by full stadiums and securing strong overseas broadcast deals.
“Other major European leagues are also returning to higher spending, but it is Premier League clubs that have had the biggest total spend in this transfer window, spending almost £150m more than clubs. of Serie A, the closest competitor.”
Premier League clubs signed 36 players in total in the window, down from an average of 42 in the January 2018-20 windows, but up 16 from 2021.