Record €5.5bn spent on transfers in Europe’s big five leagues
‘Unprecedented level’ of spending driven by income from broadcasts and Uefa competitions
Spain’s Atlético Madrid signed 19-year-old Portuguese striker João Félix from Benfica for €126 million. Photograph: Pierre-Philippe Marcou/AFP/Getty Images
Spending by teams in Europe’s big five leagues totalled a record €5.5 billion during the close season transfer window, financial analyst Deloitte’s Sports Business Group said on Tuesday.
The outlay was €900 million more than the previous record set in 2018, with England’s Premier League clubs spending €1.55 billion with a net spend of €635 million.
Spain’s La Liga clubs spent €1.37 billion – exceeding €1 billion for the first time – while Italy’s Serie A (€1.17 billion) Germany’s Bundesliga (€740 million) and the French Ligue 1 (€670 million) all set new records.
“This unprecedented level of spend has been driven by a number of factors, including additional income from new league broadcast cycles, participation in, and subsequent distributions from, Uefa club competitions.”
Jones said club-specific factors such as management changes and improving playing squads to achieve on-pitch objectives were also contributing factors.
“The improved financial performance of European football clubs has also reduced the need for clubs to sell their best players,” he added.