Premier League teams broke the record during the transfer window in the summer, spending a total of approximately £1.9 billion.
According to Deloitte’s Sports Business Group, this total exceeds the previous high of £487.8 million in the January and summer windows combined during the 2017-2018 season.
As per Deloitte’s reports, the gross spending is 67% greater than the previous transfer window in the summer which was £1.1Bn, and 34% greater than the previous peak (£1.4Bn in the Summer of 2017).
“Gross expenditure among Premier League teams was so high this summer that, even before this season’s January transfer window opened, the 2022/23 season already has the greatest transfer spend since the two-window season began, surpassing the previous record by 3% (2017/18’s £1.86bn),” the organization claimed.
Chelsea spent the highest among any Premier League team this summer, spending £157.8 million higher than their spending during the last summer (£255.3 million in 2022; £97.5 million in 2021), and £53.3 million higher than the nearest largest spenders (£202Mn by Manchester United).
Premier League Clubs With Heavy Spenders
The flagship acquisition of summer, Erling Haaland, and he’s already shown to be a wise investment, becoming the 1st EPL player in the tournament’s history to score 9 goals in his starting five games, including 2 hat-tricks. The champions also brought in Kalvin Phillips, the English midfielder, and Sergio Gomez, the 21-year-old defender from Spain, while Manuel Akanji, the center-back, came on the final day to reinforce Pep Guardiola’s side.
Following a disastrous beginning of the era of Erik Ten Hag, Manchester United finished the window in summer having strengthened quite a few areas and winning their third consecutive Premier League match. Antony finished his 95 million euro (£82.1 million) departure from Ajax during the blockbuster deadline day move, but Cristiano Ronaldo decided to stay put. Antony, the Brazil international, joined Old Trafford with midfielder Casmeiro, Lisandro Martinez, Tyrell Malacia, Christian Eriksen (the playmaker from Denmark), and Newcastle goalie Martin Dubravka joining on loan.