VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
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

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017 Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors...

Leicester City make pre-tax profit of 16.4m after winning Premier League

Thu 2nd Mar 2017 | Money & Finance

Leicester City today announced its financial results for the year ending 31 May, 2016 – a period of continued growth and unprecedented success for the Football Club. An historic, captivating...

Liverpool FC announces financial results for year to May 2016

Wed 1st Mar 2017 | Money & Finance

Liverpool FC has filed its annual accounts for the year to May 31, 2016 reporting that revenues are continuing to grow, creating further financial stability for the club. Overall revenue increased to...

Wolverhampton Wanderers Post 5m Profit

Tue 28th Feb 2017 | Money & Finance

Wolverhampton Wanderers have posted a profit of over £5m in their latest accounts. The club’s headline financial information shows a pre-tax profit of £5.831m for the year ending 31...