MX23RW : Wednesday, February 5 01:50:26| >> :600:363086:363086:

Premier League spending passes £1.5bn mark for 2019-20

Premier League spending passes £1.5bn mark for 2019-20
© Reuters
The £1.5b mark has only been topped once before in the Premier League.

The desire of clubs at both ends of the table to obtain a "competitive advantage" is behind this season's Premier League transfer spending topping the £1.5billion mark for just the second time, according to Deloitte.

Although the January window has been relatively quiet, the gross spend for the 2019-20 campaign is expected to sail past £1.6bn once it closes and produce the second-highest figure since the introduction of the transfer window system in 2003, after 2017-18's estimated total of £1.9bn.

That is largely down to a summer window which saw Manchester United make Harry Maguire the world's most expensive defender at £80m and Arsenal spend £72m on Nicolas Pepe; moves which contributed to a spend of £1.41bn.

United got their cheque book out again in January, bringing in Bruno Fernandes in a big-money move from Sporting Lisbon on Thursday.

— Sheffield United (@SheffieldUnited) January 30, 2020

But it is not just the Premier League's 'big six' sides who have splashed the cash this season, with newly-promoted Aston Villa shelling out over £100m and more than half of the top-flight clubs breaking their transfer records in the summer window.

Meanwhile, Sheffield United, who have impressed on their return to the Premier League, shattered their transfer record in January as Sander Berge joined from Genk.

Tim Bridge, director in Deloitte's Sports Business Group, believes the need to be competitive in a high-stakes division is the main reason Premier League clubs have spent so much.

He told the PA news agency: "It fundamentally comes down to competitive advantage being such an important factor for Premier League clubs at all levels.

"So if you are competing up towards the top of the league, then getting an advantage over your rivals to win trophies and qualify for the Champions League is absolutely critical.

— Manchester United (@ManUtd) January 31, 2020

"And we've seen over the years with the calibre of managers that we have in the Premier League that they require the best players almost in order to try and achieve their objectives – and those players come with an associated price tag.

"If you then flick to the clubs who are newly promoted and trying to survive, we've seen Sheffield United break their transfer record in January now – in an attempt to really solidify their position in the Premier League.

"And if you look back at last summer, you had Aston Villa spending an awful lot of money in order to try and make sure that they secure their position in the Premier League for the long term.

"Because whilst being in the Premier League for one year is very lucrative – I think the last time we looked at it, it was around £170million, the amount that you would generate for being in the Premier League for just one year – actually if you're there for two, three, four or five years it can really underpin the business models of these clubs."

body check tags ::

Click here for more stories about Harry Maguire

Click here for more stories about Manchester United

Share this article now:
New Instagram promo
General view of Easter Road, home to Hibernian, from 2014
Read Next:
John McGinn's brother Paul signs for Hibernian
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.

rhs 2.0
2Manchester CityMan City25163665293651
3Leicester CityLeicester25154654262849
5Tottenham HotspurSpurs2510784032837
6Sheffield UnitedSheff Utd259972623336
7Manchester UnitedMan Utd259883629735
8Wolverhampton WanderersWolves2581163532335
12Newcastle UnitedNewcastle2587102436-1231
14Crystal Palace257992229-730
15Brighton & Hove AlbionBrighton2568113037-726
17Aston Villa2574143247-1525
18West Ham UnitedWest Ham2566133043-1324
20Norwich CityNorwich2546152447-2318

Subscribe to our Newsletter

Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!