Sunday, January 29, 2023

The Premier League and the record winter transfer market

The gross spending of powerful English Championship teams this Tuesday surpassed the previous record set by 15 local teams, which stood at £430 million in January 2018.

“January 2023 has already broken spending records throughout the winter window, with Premier League clubs looking to bolster their rosters ahead of the crucial second half of the season”Calum Ross, deputy director of Deloitte’s sports business group, explained.

Chelsea, bought by American billionaire Todd Bohly, has been particularly active in this window, spending an estimated £180 million (about $221 million) to sign up Ukrainian promise Mykhailo Mudrik (22) from Shakhtar Donetsk. The $108 million operation includes bonuses.

The London club bought the Ivorian from Molde David Fofana, the Frenchman and Portuguese Joao Felix from Monaco Benoit Badiachile on loan from Atlético de Madrid, without forgetting the young Brazilian Andrey Santos (18 years old) and the Englishman Noni Maduke (20 years old). ), Vasco da Gama and PSV Eindhoven respectively.

One of the big moves in January was Liverpool’s purchase of Dutch striker Cody Gakpo, the revelation of the previous World Cup, for which he paid PSV £44 million (about $54 million).

With just a week left for the transfer market to end, the record could still go up. Last year, investment was 105 million pounds in the final week, bringing the total to 295 million pounds ($363 million) when the window closes. One of the clubs that could push the figures even higher is, well, Chelsea, who want Enzo Fernandez at all costs.

“Clubs have invested heavily in their workforce in the 2022-2023 season and to date, Premier League clubs have spent more than £2.4bn ($2.96bn) on player transfers.” Including the amount of transactions during the summer window, Ross explained.

“The arrival of new owners and the availability of financial resources that allowed record amounts to be spent to maximize performance continue to contribute to record levels of spending”insisted the expert, for whom such investments show that English clubs have recovered financially following the Covid-19 pandemic.

Nation World News Desk
Nation World News Desk
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