English Premier League outspends Europe's top five leagues in January transfer window
Posted: 1 February 2018 Time: 13:47
The English Premier League have taken their transfer spending to new heights following the end of the January transfer window on Wednesday evening with a reported R7 billion [€492.5m] spent this month on players.
Virgil van Dijk's world record transfer for a defender set Liverpool back €85m, Arsenal uncharacteristically forked out €63m on Pierre-Emerick Aubameyang and Manchester City activated defender Aymeric Laporte’s €65m release clause as the main transfers of the winter window in Europe.
Deloitte reported a total of R30 billion [€2 billion] was spent by England's top-tier club's over the last two transfer windows which has firmly highlighted the financial muscle the Premier League has gained over the rest of Europe's leagues during the modern era.
La Repubblica reported that the Italian Serie A reached a net spend of R296 million while the Spanish Primera League came close to the English top-flight due to Phillipe Coutinho's R2,37 billion transfer to Barcelona. A total of R4 billion was spent by all 20 La Liga teams.
Meanwhile in the German Bundesliga, the 16-teams achieved a net profit of R1.6 billion, mainly due to Aubameyang's departure to the Emirates.
The French League big spenders PSG were curbed last month due to the Financial Fair Play regulations after the massive transfers of Kylian Mbappe and Neymar in 2017 - so it came as no surprise as the league posted a profit of R222 million [€15 million] amongst the 20 sides in the division.