• Loading stock data...
Saturday, July 27, 2024
Join us this September for Tuned In Request to Attend

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

AC Milan CEO: U.S. Investment Is ‘Professionalizing’ Euro Soccer

The club is playing friendlies in American sports venues.

Streaming’s Next Step: Amazon Acquires Rights to WNBA Finals

History could repeat itself when it comes to the move from cable to streaming.

Olympics: Despite Concerns, Star Athletes and Paris Spark Hope

Hope rises for a resurgent event after two pandemic-marred Olympics.

Bulls and Blackhawks Owners’ $7 Billion Plan to Transform Chicago

The project is going to be backed by private investments.
podcast thumbnail mobile
Front Office Sports Today

Olympics Open: What Athletes Can Do With 15 Minutes of Fame

0:00

Featured Today

Olympic rings in Paris

The Biggest Betting Moment in Olympic History

‘If you put a line on anything that’s televised, people will bet.’
Teahupo'o Tahiti Surfing
July 26, 2024

Olympic Surfing Crashes on Tahiti Like a Wave

For Teahupo‘o’s locals, the Olympics are a mixed blessing.
July 24, 2024

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.
July 22, 2024

The FTC Noncompete Ruling Could Change MMA As We Know It

Fighters could see their options—and earnings—grow.

Is Red Bull’s Dynasty in Danger?

Max Verstappen and Red Bull are no longer in complete control.
July 25, 2024

San Francisco WNBA Team Already Smashing Women’s Ticket Records

The WNBA’s newest team has received more than 15,000 deposits.
July 26, 2024

WBD Takes NBA to Court Over Media-Rights Dispute With Amazon

The NBA’s media future could be decided in court.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 24, 2024

WNBA Signs $2.2B Deal With Disney, NBC, Amazon

WNBA signed new media agreements; ESPN won’t have exclusive rights to WNBA Finals.
July 24, 2024

Salt Lake City’s Olympic Host Deal Includes Last-Minute Doping Clause

Utah officials are now mandated to uphold the ‘supreme authority’ of the World Anti-Doping Agency.
July 22, 2024

Sports TV Ratings Tend to Dip During Election Season, but Money Will Flow

Prior history suggests the upcoming election season will again prove disruptive to sports viewership.
July 22, 2024

WNBA All-Star Weekend Signals League’s Growth, Delivers Action

The WNBA All-Star weekend was a showcase of the league’s rise driven by rookies.