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Friday, June 14, 2024

Chelsea Paces Record Premier League Spending on Transfers

  • Chelsea made up 37% of the $1 billion spent by Premier League clubs in the January transfer window.
  • The club signed Enzo Fernandez for a British record of roughly $131.3 million.
Chelsea
Chelsea FC

Premier League clubs went on a shopping spree in January. 

Chelsea spent more than any other team in the January transfer window, making up 37% of the record $1 billion spent by Premier League clubs and more than all clubs in the Bundesliga, La Liga, Serie A, and Ligue 1 combined, according to an analysis from Deloitte’s Sports Business Group. 

  • On Tuesday’s transfer deadline, Chelsea signed Enzo Fernandez from Benfica for a British record £106.8 million ($131.3 million).
  • The fee surpasses the £100 million (currently $122.9 million) Manchester City paid for Jack Grealish in Summer 2021. 

Bournemouth spent the second-most. 

“Premier League clubs have outspent those within the rest of Europe’s ‘big five’ leagues by almost four-to-one in this transfer window,” said Tim Bridge, lead partner in Deloitte’s Sports Business Group. 

Competition Criticism 

The Premier League is receiving criticism from La Liga for its spending.

La Liga president Javier Tebas retweeted a video of corporate general director Javier Gomez explaining that Premier League clubs are “injecting money not generated by the club for it to spend, which puts the viability of the club at risk if the shareholder leaves. In our opinion, that is cheating, because it drags down the rest of the leagues.”

“That is our fight, demanding UEFA implements a new economic regulation,” he added.

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