Live

Repeat: Off The Ball

02:00 AM-05:00 AM

Repeat: Off The Ball
Advertisement
Soccer

Premier League clubs net profit in transfer window

Sky Sports presenter Jim White might have been disappointed that major last-minute transfer ...



Premier League clubs net profi...
Soccer

Premier League clubs net profit in transfer window

Sky Sports presenter Jim White might have been disappointed that major last-minute transfer sagas were thin on the ground on transfer deadline day, but the Premier League will certainly be pleased with how things went overall.

Despite spending a six-year January window high of £215m, teams in England's top division actually took in a total of £40m more than they shelled out in fees, according to Deloitte. This marked the first time they made a transfer window profit.

The January spending – which saw Southampton part with £14m for Napoli forward Manolo Gabbiadini and Burnley bringing Ireland's Robbie Brady in for an undisclosed club record fee – is the second biggest since the window was introduced in 2003. It places just behind the record outlay of £225m six years ago, the BBC reports.

A mere £35m was spent in January 2003, owing to inflating player prices since then and teams adjusting to the new mid-season opportunity to freshen up their squads.

Former Watford player Odion Ighalo. Picture by Adam Davy PA Wire/PA Images

Combined with last summer's business, Premier League clubs have spent a record £1.38bn on transfers for the 2016/17 season.

When it comes to big moves in the opposite direction, Watford was a notable financial beneficiary as Odion Ighalo headed for China's Changchun Yatai for £20m, while the wantaway Dimitri Payet's Marseilles return earned West Ham £25m, though they would have preferred to retain the services of the 29-year-old Frenchman.

Download the brand new OffTheBall App in the Play Store & App Store right now! We've got you covered!

Subscribe to OffTheBall's YouTube channel for more videos, like us on Facebook or follow us on Twitter for the latest sporting news and content.


Read more about

Soccer