MANCHESTER, Aug 31 — Premier League clubs’ net spend during the transfer window nearly halved as fears of sanctions for breaches of financial sustainability rules resulted in...
Premier League clubs’ net spend during the transfer window nearly halved as fears of sanctions for breaches of financial sustainability rules resulted in more fiscal discipline. — Reuters picMANCHESTER, Aug 31 — Premier League clubs’ net spend during the transfer window nearly halved as fears of sanctions for breaches of financial sustainability rules resulted in more fiscal discipline.
Overall spend from Premier League clubs broke the £2 billion mark for the third consecutive season, but dipped significantly from the nearly £2.5 billion 12 months ago with few star names on the market. The sale of players who came through the youth system is particularly helpful for clubs to comply with financial regulations as the full transfer fee is recorded as a profit in the books.
But the Blues have bucked the trend of financial prudence in another chaotic few months of comings and goings at Stamford Bridge. Newcastle had to sell youngsters Yankuba Minteh and Elliott Anderson before the end of their financial year in June to avoid a breach and have been unable to strengthen as a series of bids for Marc Guehi fell short of Crystal Palace’s valuation.
Defending champions City were content to stick largely with what they had despite banking a huge profit from Julian Alvarez’s move to Atletico Madrid.
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