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2013/14 sets a new record for Premier League spending

1 February 2014

Premier League clubs spent around £130m in the January transfer window, according to analysis by the Sports Business Group at Deloitte. This figure is above the amount spent in January 2013 (£120m), but less than the record level seen in January 2011 (£225m).

Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “This January window has seen Premier League clubs spend a total of £130m. Despite this being short of the record, the 2013/14 season as a whole is a new record. Premier League clubs have spent a total of £760m, breaking the £700m barrier for the first time. This is significantly higher than the previous record of £670m in 2008/09.

“It is important to put this in context; the transfer spending is supported by the record level of revenues of Premier League clubs, driven primarily by new broadcast agreements. This gives Premier League clubs the ability to continue to invest significantly in their playing talent.

“Spending has again been driven by a minority of clubs, with just two accounting for more than 60% of the league’s total spending. Around half of Premier League clubs chose not to spend this month.”

Some of the key findings from the analysis of the January 2014 transfer window by Deloitte include:

  • Premier League clubs spent £130m to acquire new players in the January 2014 transfer window (2013: £120m; 2012: £60m; 2011: £225m). A summary of Premier League clubs’ player transfer fees spending for each of the previous January transfer windows (2003-14) is set out in the chart below.
  • The acquisition of new players from overseas clubs accounted for £65m (50%) of Premier League clubs’ gross transfer spending, followed by acquisitions from fellow Premier League clubs (£55m, 42%), and acquisitions from Football League clubs (£10m, 8%).
  • Premier League clubs concluded around £35m of player transfer fees on deadline day, the same amount that was spent on deadline day in January 2013. The equivalent deadline day figure in January 2012 was £30m.
  • Manchester United and Chelsea have been the biggest gross spenders in this window, accounting for over 60% of the total Premier League spend. These two clubs have spent nearly four times as much this month as they did in the January 2013 window.
  • In aggregate, Premier League clubs have now spent over £1.1 billion to acquire new players in the 12 January transfer windows (2003-14). On average, the clubs’ transfer spending in January is equivalent to around one-fifth of total transfer spending in each year.
  • Premier League clubs’ net transfer spend was around £35m (2013: £70m; 2012: £25m; 2011: £90m), being the net amount that flows to overseas clubs and Football League clubs. Player transfers out of the Premier League generated around £40m of receivables for the clubs, most significantly from the transfers of Yohan Cabaye to Paris Saint-Germain and Kevin De Bruyne to Wolfsburg.
  • Over the past decade, Premier League clubs’ January transfer spending has typically exceeded that in other European leagues. This is due in part to the Premier League’s long-established mechanism that distributes broadcasting revenues on a more equal basis compared to the top divisions of the other big five leagues.
  • Top division clubs in France are the second highest spenders this January, with total reported transfer spending of around 40% of the Premier League total. Total transfer spending by top division clubs in Italy was around 30% and Germany around 20% of that by Premier League clubs. Transfer spending by Spanish clubs was limited in this window and exceeded by the amounts spent by clubs in emerging markets, such as Russia and Turkey.

2013/14 sets a new record for Premier League spending

2013/14 sets a new record for Premier League spending

End

Notes to editors
Basis of preparation
The Sports Business Group at Deloitte has published their analysis of transfer spending following the close of every transfer window since 2003. Each year the Sports Business Group at Deloitte also release the Deloitte Football Money League and Deloitte Annual Review of Football Finance.

The information on player transfers is based on publicly available information in respect of the acquisition of players’ registrations by clubs, including from www.bbc.co.uk and www.premierleague.com, and further analysis carried out by the Sports Business Group at Deloitte. The information is based on reported transfers as at 23:59 on 31 January 2014, following the close of the January transfer window at 23:00 on 31 January 2014. Further commentary about the transfer market is included in the Deloitte Annual Review of Football Finance. The figures contained in this release will not necessarily be the same as the cost of acquiring players’ registrations as recognised in the financial statements of each club. Under accounting requirements, the cost of acquiring a player’s registration includes the transfer fee payable (including any probable contingent amounts), plus other direct costs such as transfer fee levy and fees to agents.

About the Sports Business Group at Deloitte
Over the last 20 years Deloitte has developed a unique focus on the business of sport. Our specialist Sports Business Group offers a multi-disciplined expert service with dedicated people and skills capable of adding significant value to the business of sport. Whether it is benchmarking or strategic business reviews, operational turnarounds, revenue enhancement strategies or stadium/venue development plans, business planning, market and demand analysis, acquisitions, due diligence, expert witness, audits or tax planning; we have worked with more clubs, leagues, governing bodies, stadia developers, event organisers, commercial partners, financiers and investors than any other adviser.

For further information on our services you can access our website at www.deloitte.co.uk/sportsbusinessgroup.

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

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