When news happens, text SDE and your photos or videos to 80360. Or contact us by email and phone.
Saints' spending is up there with the big boys
Saints ended the transfer window as the sixth biggest spenders in England, helping push the amount of money splashed out by Premier League clubs this summer to a record-breaking £630m.
Only Tottenham, Manchester City, Chelsea, Liverpool and Arsenal paid out more in transfer fees during the window and, in terms of net spending, Saints were fifth in the country.
Since returning to the Premier League in 2012, the club have shelled out somewhere in the region of £70m on signing new players.
Predictably, with the advent of the new blockbuster television deal, spending in the top-flight reached record levels this summer.
Analysis by business advisory firm Deloitte showed that the £630m figure was a 29 per cent increase on the £490m from a year ago.
It was also £130m more than the previous record of £500m, which was set in 2008.
Overall net spending also came in at a new high, at £400m.
A significant proportion of the money that went out from the Premier League, as well as that which came into it, was related to Gareth Bale’s world-record transfer to Real Madrid.
The Saints academy graduate completed an £86m move to the Spanish giants on Sunday, in a deal that helped allow Tottenham to spend in excess of £100m themselves this summer, while also playing a part in Real allowing Mesut Özil to join Arsenal in a £42.4m transfer.
Dan Jones, partner in the sports business group at Deloitte, said: “The story of this summer transfer window is of new records; a new record for Premier League spending, as well as a new world transfer record fee.
“Premier League clubs’ gross spending this summer is £630m, beating the previous record of £500m, set in 2008. Whilst the sale of Gareth Bale brought £85m into the Premier League, net spending is also a record, at £400m.”
Jones added: “As the financial rewards for participation and success in the Premier League increase, so it follows that clubs are investing on the pitch to ensure they continue to benefit from the remarkable Premier League growth story.”
Top-flight clubs spent around £140m on deadline day, compared to £110m on the same day last year. Saints, however, did not contribute anything to that figure, as they remained quiet in the hours before the window shut.
The four English clubs competing in this season’s Champions League – Arsenal, Chelsea, Manchester City and Manchester United – accounted for £230m, or 37 per cent of the overall total.
Including Tottenham’s outlay, the leading five clubs from last season made up more than half of all spending.
It was a different story in Europe, however.
In both Spain and Italy the total spent was £335m. However, the Primera Division (£95m) and Serie A (£10m) generated net surpluses, even with Bale’s transfer included.
In Germany's Bundesliga, the net spend was only £50m.
The introduction of UEFA’s financial fair play measures, plus economic difficulties in those countries, appears to have contributed to a more prudent approach.
Alex Thorpe, consultant in Deloitte’s sports business group, said each Premier League club is benefiting from a share of an extra £600m of television revenues this season alone.
“Whereas many clubs around Europe have been reliant on selling players in order to spend, the financial advantages Premier League clubs enjoy has enabled net spending of £400m across the league,” he said.
“Many clubs, including new entrants to the league, have successfully competed in the European transfer market to attract high-profile foreign talent.”
Comments are closed on this article.