• Loading stock data...
Sunday, November 17, 2024

Saudi Arabia’s Spending Power On Display In Transfer Market

  • Saudi Pro League clubs nearly spent $1 billion on transfers during the summer window.
  • Only the English Premier League spent more money on adding new players.
Geoff Burke-USA TODAY Sports

Saudi Pro League clubs spent nearly $1 billion on bringing new players to the competition in the recently concluded summer transfer window.

The $957 million spent by SPL clubs was a record for the league — more than any other except for the Premier League, which spent $1.39 billion, according to a new report from Deloitte. 

The SPL was responsible for almost half of overseas transfer fees received by EPL clubs, shelling out $312 million for players like Ruben Neve ($59 million), Aleksandar Mitrovic ($56 million), Fabinho ($50 million), and Riyad Mahrez ($37 million).

SPL clubs sent $148 million to Ligue 1, $122 million to Serie A, $116 million to La Liga, and $32 million to the Bundesliga.

Saudi Spending Just Getting Started

Saudi Arabia’s disruption of European soccer has been a major topic as new seasons began across the continent.

Liverpool manager Jurgen Klopp was particularly concerned with the SPL’s pursuit of his star player, Mohamed Salah. The attempts came shortly after Saudi club Al-Hilal paid $98.5 million to facilitate Neymar’s transfer from French side Paris Saint-Germain.

“The budgets are in place for a number of years,” SPL board member Peter Hutton said recently. “I don’t see this slowing down.”

Meanwhile, the SPL has been exploring potential paths to competing in the UEFA Champions League, and Saudi Arabia has asked European soccer leaders for assistance in the country’s bid for the 2034 FIFA World Cup.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Why Netflix Won Big Despite Tyson-Paul Streaming Issues

60 million households worldwide watched the match.

How Taylor Swift’s Tour Is Fueling Blue Jays Owner’s Sports Empire

There have been multiple intersections between the company’s sports assets and the pop icon’s Canadian concerts.

Rays to Call Yankee Territory ‘Home’ for 2025 Due to Tropicana Repairs

Extensive damage from Hurricane Milton to Tropicana Field forces the unusual solution.

Indy 500 Open for F1 Drivers After Monaco GP Date Shift

The Monaco GP will be in June starting in 2026.
podcast thumbnail mobile
Front Office Sports Today

The SEC and Big Ten Are Driving College Football

0:00

Featured Today

Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.
November 15, 2024

How Women’s Sports Could Change in the Next Trump Era

Under the president-elect, Title IX could change drastically.
Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion
November 9, 2024

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.

NFL’s Big Schedule Play: 18-Games, 16 International Matchups on the Table

The league wants to expand its regular season to 18 games, too.
November 14, 2024

NFL Warns Teams About Political Game Day Rules

The league forbids displaying personal messages on game day.
November 14, 2024

2025 Ryder Cup Tickets Sell Out Despite Outcry Over $750 Price

Next year’s event will be played at Bethpage Black in Farmingdale, N.Y.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Oct 18, 2024; Minneapolis, Minnesota, USA; Minnesota Lynx forward Napheesa Collier (24) shoots over New York Liberty forward Breanna Stewart (30) during the first half of game four of the 2024 WNBA Finals at Target Center.
November 14, 2024

Why One WNBA GM Left for Unrivaled

She’s joining her Lynx star’s new league after 11 seasons in Minnesota.
November 13, 2024

NBA Cup Courts Receive Mixed Reviews in Year 2 Debut

All 30 teams have special courts for the tournament games.
November 13, 2024

Joey Logano Defends NASCAR Playoffs As League Reviews Format

Joey Logano won his third NASCAR Cup Championship on Sunday.
November 13, 2024

Caitlin Clark Draws Huge Early-Morning Crowds at LPGA Event

Golf Channel aired Clark’s 18th hole live, after moving up its studio show.