Premier League clubs set new record for January spending

accreditation
0:00
play article
Subscribers can listen to this article
Cody Gakpo and Jurgen Klopp
Cody Gakpo and Jurgen Klopp
Liverpool website

Premier League clubs have broken the record for transfer spending during the January window with a £440 million ($542 million) spree, according to sports finance experts Deloitte. 

By 17:00 (SA time) on Tuesday, the gross spend by Premier League sides had surpassed the competition's previous high of £430 million in January 2018. 

Funded by their new owners, Chelsea have fuelled the English top-flight's record-breaking January. 

The Blues have spent around £180 million this month, with Ukraine winger Mykhailo Mudryk joining from Shakhtar Donetsk in a deal reportedly worth £88.5 million. 

Chelsea also brought in David Fofana from Molde, Monaco's Benoit Badiashile from Monaco, Andrey Santos from Vasco da Gama and PSV Eindhoven's Noni Madueke. 

Netherlands forward Cody Gakpo joined Liverpool from PSV for £44 million in another of the big January deals. 

There is still one week left before the January window closes, leaving room for the new record to rise even higher. 

In the January 2022 window, Deloitte said Premier League clubs' gross spend was £105 million with one week to go and finished up at £295 million. 

"January 2023 has already surpassed the record spent during any previous winter window as Premier League clubs look to reinforce their squads ahead of a crucial second half of the season," said Calum Ross, assistant director in Deloitte's Sports Business Group. 

"The 2022-23 season has seen clubs invest heavily in their squads, and to date this season Premier League clubs have spent more than £2.4 billion on player transfers. 

"New ownership and an availability of financial resources to pay significant sums to maximise performance continue to be key contributors towards record spending levels. 

"While this level of spending illustrates Premier League clubs' recovery post-pandemic, the importance of long-term financial planning and focus on financial sustainability should continue to be a priority." 

Deloitte said that gross spending by Premier League clubs for the 2022-23 season so far is £2.4 billion, with the new winter record following the record-breaking £1.9 billion spend last summer. 


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Fixtures
Wed 08 Feb 23 22:00 PM (SAST)
Manchester United
Manchester United
Leeds
Leeds
Old Trafford
SuperSport
Sat 11 Feb 23 14:30 PM (SAST)
West Ham
West Ham
Chelsea
Chelsea
London Stadium
SuperSport
Sat 11 Feb 23 17:00 PM (SAST)
Fulham
Fulham
Forest
Forest
Craven Cottage
SuperSport
Results
Sun 05 Feb 23
Tottenham Hotspur
Tottenham Hotspur 1
Manchester City
Manchester City 0
Sun 05 Feb 23
Forest
Forest 1
Leeds
Leeds 0
Sat 04 Feb 23
Newcastle
Newcastle 1
West Ham
West Ham 1
Logs
Team
P
W
PTS
Team Logo
1. Arsenal
20
16
50
Team Logo
2. Manchester City
21
14
45
Team Logo
3. Manchester United
21
13
42
Team Logo
4. Newcastle
21
10
40