Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Lowest spend on January transfers at £30m

Tue 2nd Feb 2010 | Money & Finance

Premier League spending in the January transfer window has dropped to a record low as debt-laden clubs cut back on new acquisitions.

According to research by Deloitte’s Sports Business Group just £32 million ($50million) was spent in the month-long window, which closed at 5pm (01/02/2010)

After several years of continued rises in the amount spent during the window, this year’s figures show an astonishing drop in the value of transfers being made. With over £170 million splashed out in last year’s window, the drop of £140 million highlights the extent of the financial squeeze is having on the football industry.

The £30 million figure spent this year is £5 million less than was spent during the first January transfer window back in 2003 which saw £35 million change hands.

The news was met with mixed reactions. Given the financial turmoil that many clubs are finding themselves it was anticipated that there would be an austerity approach and make do with the resources they have. However, the likes of Manchester City, Arsenal and Manchester Utd were all expected to spend after the clubs made it clear that there was money there to be spent.

It seems however, that Premier League clubs have suddenly realised they cannot keep borrowing and spending, to fuel rampant transfer inflation.

Then there is Arsenal, the one club to have generated a large pot of cash, have a manager who resolutely, for reasons of principle, is declining to spend it.



Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

“Why Does Your Club Offer Discounts?” 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...

West Ham United announce record season ticket renewals

Thu 1st Jun 2017 | Money & Finance

West Ham United have announced a club record number of season ticket renewals for the 2017/18 Premier League campaign. At Wednesday's 5pm deadline, over 90% of the 52,000 season ticket holders at...

Footballers, their cars, and how many minutes of play it takes to pay for them

Thu 1st Jun 2017 | Money & Finance

Online used car dealership Carspring have researched the vehicles driven by more than 250 of the world’s leading football players. With this information, along with the estimated salaries of...