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Transfer window shows Premier League club’s no longer have deep pockets

Submitted by Anonymous on Wed, 09/01/2010 - 19:05

Premier League clubs spending in this summer’s transfer window has decreased 22 per cent on last year to £350 million – the lowest since £263 million in 2006, reports Sport Business.

According to a study by consultancy firm Deloitte, Manchester City accounted for 36 per cent of this summer’s spending, paying £126 million in transfer fees.

“In general, an absence of new owners and clubs striving to improve their financial balance has diminished the vibrancy of the transfer market,” said Dan Jones, a Partner in the Sports Business Group at Deloitte.

The top European leagues combined have curbed their transfer investment by up to 40 per cent this summer compared to last year.

“One of the main reasons for this is that clubs are striving to bring a better balance in the amount they spend particularly on player wages and transfer fees,” Paul Rawnsley, a Director with the Sports Business Group told news agency Reuters. “Maybe UEFA’s fair play financial regulations have helped encourage this financial restraint,” he added.

The new regulations will limit external investment from owners and require clubs to break even over a three-year period.

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Comments (4)

Submitted by Frontal Lobotomy (not verified) on Thu, 09/02/2010 - 01:01.

Serie A was ruined by extensive borrowing and the bigger clubs holding the monopoly through being able to negotiate their own TV deals. The Premier League has had some big casualties over the years, such as Leeds, but for the most part the big clubs run a sustainable business model. Liverpool are in trouble til someone buys them, and Man Utd's well publicised debts have done nothing to increase its' worth as a franchise. The lower spending this summer simply shows that the sport is not recession proof. That, and there have been a lot of smaller transfer fees paid this year, outside of Man City that is.

Submitted by a (not verified) on Wed, 09/01/2010 - 23:47.

The new regulations will limit external investment from owners and require clubs to break even over a three-year period....lol ***** are ***** then spend heaps for no return ,massive wage bill they have to pay to get anyone to play for them if foreign investment is limited their is no chance a nothing club like ***** can make enough to break even against the hundreds of millions spent for a carling cup semi lol...

Submitted by Anonymous (not verified) on Wed, 09/01/2010 - 22:38.

seria A the most financially stable league? You must be kidding me!? Bundesliga correct, but certainly not the serie A

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