Premier League clubs spend 230 million pounds in January despite the discrete deadline day
Premier league the clubs spent 230 million pounds ($ 302 million) on January transfers, the second highest total for the mid-season window, the Sports Business Group said in Deloitte in a report.
The total gross expenditure for the 2019-20 season, including the season closing window, has been 1.6 billion pounds, only surpassed by the record 1.9 billion pounds set in the 2017-18 campaign .
But only 25 million were spent on the day of Friday's deadline, as short-term loan agreements dominated the holders.
None of the four best clubs entered the market on the last day, while the fifth place United Manchester He made a surprise addition to his team by bringing Nigerian striker Odion Ighalo on loan from Shanghai Shenhua Chinese club.
After a record shopping spree in January worth 430 million pounds in 2018, the clubs appear to have modified their recruitment strategy mid-season.
Clubs focus on long-term financial stability and, therefore, are less willing to spend more than predefined transfer budgets in search of short-term success, said Tim Bridge, director of the Deloitte Sports Business Group.
This is further evidenced by the importance of more agile transfer strategies, such as the use of loan transfers often with a purchase option, as well as by focusing attention on the promotion of young talents from club academies in recent years.
The January window saw the total spending of the six major clubs: Liverpool , Manchester city , Tottenham Hotspur , Arsenal, United Manchester and Chelsea - account for 52% of the league's total spending in the month.
All five major leagues in Europe spent more in January than last year.
Italian Serie A clubs spent 180 million pounds, German Bundesliga clubs paid 165 million pounds, the Spanish League made transfer agreements worth 110 million and the French Ligue 1 spent 100 million pounds, Deloitte said .