• Loading stock data...
Saturday, December 21, 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

Money Talks: Oklahoma Lands Top QB As CFB Portal Chaos Continues

Washington State transfer John Mateer is headed to Norman.

NFL vs. College Football Playoff: Two Giants Set to Clash for Viewers

Two sets of NFL and College Football Playoff games will clash Saturday.

Philadelphia Approves $1.55B Sixers Arena Despite Demonstrators

Despite protestor disruptions, Philadelphia’s city council approves the controversial project. 

The Yankees’ Expensive Effort to Replace Juan Soto’s Production

The Yankees’ spending hasn’t missed a beat since Juan Soto chose the Mets.

Featured Today

Texas Memorial Stadium

Inside the First On-Campus College Football Playoff Games

FOS is on the ground in Austin for Clemson-Texas.
Pat McAfee holds up the USC Gamecock during ESPN Gameday near Williams-Brice Stadium in Columbia, S.C. Saturday, September 14, 2024.
December 20, 2024

‘Traveling Circus’: How ‘College GameDay’ Plans to Visit Two Campuses in 24..

Inside the show’s grueling schedule for the expanded Playoff.
December 19, 2024

The Lawsuits That Defined the Business of Sports in 2024

Litigation was flying, and lawyers were busy this year.
Indiana's Elijah Sarratt (13) celebrates a touchdown during the Indiana versus Purdue football game at Memorial Stadium on Saturday, Nov. 30, 2024.
December 16, 2024

How College Football Entered an Unprecedented Era of Parity

The reason the expanded Playoff bracket includes new faces.
Dec 19, 2024; Memphis, Tennessee, USA; Golden State Warriors forward Lindy Waters III (43) shoots for three as Memphis Grizzlies guard Cam Spencer (24) defends during the fourth quarter at FedExForum.

Charles Barkley, JJ Redick, Magic Johnson Weigh In on NBA Ratings Decline

Adam Silver wasn’t ready to blame the threes, but others have.
December 18, 2024

NFL’s 12 Days of Christmas: Stretch Includes 9 Different Days of Games

Scheduling around the holidays is creating some unique circumstances.
LeBron James
December 19, 2024

Even LeBron James Admits NBA Might Have a Three-Point Problem

“Our game—there’s a lot of fucking threes being shot,” James said.
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.
December 18, 2024

Is NBA Ratings Dip a True Sign of Diminished Interest? It’s Complicated

The commissioner addresses on- and off-court issues in Las Vegas.
December 17, 2024

Red Bull Gives Youth a Chance, Promotes Lawson As Pérez Replacement

Sergio Pérez finished eighth in the drivers’ championship.
December 17, 2024

NBA Cup Needs Time, Tradition to Earn Fans’ Interest

The NBA Cup was inspired by European soccer tournaments.
December 17, 2024

Soccer’s Super League Back From Dead As Unify League

The UEFA challenger won an antitrust case last year.