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Premier League spending broke records, £1.9bn for the summer window

Premier League summer transfer record

Several new spending records were set during the amazing summer transfer window in the Premier League, which came to an end on Thursday.

Manchester United’s £82 million acquisition of Antony was the most expensive deadline-day signing in history. By surpassing the previous record of £1.4 billion set in 2017 and dwarfing the rest of Europe, that deal enabled the Premier League reach a new spending high of approximately £1.9 billion.

Following two seasons of declining spending due to Covid, nine of the 20 top-flight clubs spent more than £100 million. Clubs in the Premier League spend more than all of Germany’s Bundesliga, Italy’s Serie A, and Spain’s La Liga combined.

The sum of the 20 teams’ expenditures during the window, which was open from 10 June to 1 September, exceeded the previous summer’s total of £1.1 billion by 67%. The 2022–23 season has already seen the greatest transfer spend since the two–window season began, surpassing the previous record of £1.86 billion, established in 2017–18, by 3%, according to financial services company Deloitte.

The greatest percentage since summer 2008 and over three times that of the second-highest spenders in Serie A (£646m) came from Premier League teams, who were responsible for 49% of that spending.

Premier League teams recruited 169 players, up from 148 in the summer of 2021 and 132 in the summer of 2020, as their net transfer spending reached £1 billion for the first time ever.

From 45% in summer 2021, the percentage of players signed for a fee rose to 66% in summer 2022.

Although gross spending by Championship clubs more than doubled from the previous summer to £86 million (2017-19 three-year average: £169.4 million), it was still much below pre-Covid levels.

The Premier League deadline day signings of the 2022/23 summer transfer window

Premier League deadline day summer transfer window 2022/23
Source: BBC

On deadline day, at least one new signing was made by 14 of the 20 Premier League clubs. Highlights consist of:

Manuel Akanji, a Swiss international, joined Manchester City on a five-year contract from Borussia Dortmund, strengthening their defence.

Along with acquiring Antony, Manchester United also agreed to Martin Dubravka’s season-long loan from Newcastle.

Idrissa Gueye, a midfielder for Senegal, returned to the Toffees from Paris Saint-Germain, and James Garner moved from Manchester United to Everton.

Arthur Melo, a Brazilian international who formerly played for Juventus, joined Liverpool on a season-long loan.

Wesley Fofana, who joined Chelsea on Wednesday for roughly £70 million, was replaced by Belgium centre back Wout Faes, who Leicester acquired from French club Reims on a five-year agreement.

This summer, Nottingham Forest added 21 new faces with the signing of three players, with defender Loic Bade being the final to come and coming on loan from Rennes.

Willian, a former midfielder for Chelsea and Arsenal, was one of four players Fulham acquired on the final day of the transfer window.

Pierre-Emerick Aubameyang, who joins Chelsea from Barcelona on a two-year agreement, and Switzerland midfielder Denis Zakaria, who joins on a one-year loan from Juventus, are the night’s final two signings.

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