Premier League clubs spent the second-most money in January in history, totaling £295 million, with Tottenham making the largest moves on deadline day.
A total of 12 Premier League transfers on deadline day increased spending to the highest level since £430 million in 2018, as clubs look to have recovered from the financial effects of Covid.
Premier League clubs spent only £70 million in January 2021, and less than £10 million on deadline day.
Spurs signed two Juventus players for at least £24 million, traded England midfielder Dele Alli to Frank Lampard’s Everton for a cost of up to £40 million, and loaned away three players in the past year.
Newcastle signed two Premier League defenders, while Manchester City and Burnley spent more than £10 million on forwards.
On a free transfer, Arsenal’s Pierre-Emerick Aubameyang joined Barcelona, while Juventus loaned Aaron Ramsey to Scottish champions Rangers.
Over half of Premier League clubs’ spending (£150 million) came from the bottom five clubs: Everton, Norwich, Newcastle, Watford, and Burnley. The poorest five spent a total of £5 million last year.
“This transfer window indicates that the financial demands of Covid on Premier League teams are lifting, with expenditure firmly back to pre-pandemic levels and astonishingly among the highest we’ve ever seen in January,” said Dan Jones, partner and head of the Sports Business Group at Deloitte.
“The Premier League maintains its position as the world’s largest domestic football league in terms of revenue, once again bolstered by full stadia and securing good overseas television deals.”
Europe’s other top four leagues spent 380 million euros (£317 million), only £2 million more than the Premier League and EFL combined.
The net spending of Premier League clubs (the cost of purchases minus sales) of £180 million is the highest since the January transfer window was inaugurated in 2003.
How did the January deadline day go?
Spurs have signed Uruguay midfielder Rodrigo Bentancur for £15.9 million (with a £5 million buyout clause), while Antonio Conte’s side have paid an £8.3 million loan fee for Sweden winger Dejan Kulusevski, with a £29.2 million buyout clause.
Tanguy Ndombele (Lyon), Bryan Gil (Valencia), and Giovani lo Celso (Villarreal), all record signings, have all gone on a temporary basis.
Manchester City paid £14.1 million for River Plate attacker Julian Alvarez, who will return to the Argentine club on loan until the summer.
Burnley paid £12 million to sign Wolfsburg striker Wout Weghorst.
Donny van de Beek, a teammate from the Netherlands, became Lampard’s first signing as Everton manager, completing a loan move from Manchester United, while Alli became his first permanent signing on an initial free transfer.
Crystal Palace signed two attackers, Jean-Philippe Mateta (on loan from Mainz) for £9 million and Luke Plange (on loan from Derby) for £1 million.
Brighton reportedly paid £6 million for Royale Union Saint-Gilloise attacker Deniz Undav, but loaned him back to the Belgian club.
Brentford made their first signing of the day when they signed Christian Eriksen on a free transfer from Denmark.
Bournemouth, who are chasing promotion to the Premier League, have made five additions. For an undisclosed amount, they signed Norwich midfielder Todd Cantwell, Liverpool defender Nat Phillips, and Newcastle goalkeeper Freddie Woodman on loan, as well as strikers Kieffer Moore and Siriki Dembele.
Tino Anjorin (Chelsea to Huddersfield), Jed Steer (Aston Villa to Luton Town), and Charlie Goode were also loaned out from the Premier League (Brentford to Sheffield United).
What happened in the remaining days of January?
Liverpool made the biggest acquisition of the transfer season in England the day before deadline day, bringing in Porto’s Colombian winger Luis Diaz in a deal worth 45 million euros (£37.5 million), with a further 15 million euros (£12.5 million) in potential bonuses.
Newcastle had already agreed to pay £35 million for Lyon’s Brazilian midfielder Bruno Guimaraes, plus £6.6 million in add-ons, £25 million for Burnley striker Chris Wood, and £12 million for Atletico Madrid and England right-back Kieran Trippier.
Four additional Premier League signings were worth £10 million or more.
Aston Villa paid £25 million for Everton left-back Lucas Digne, while Everton paid £27 million for two defenders, Rangers’ Nathan Patterson and Dynamo Kyiv’s Vitalii Mykolenko.
Wolves completed the permanent loan signing of RB Leipzig attacker Hwang Hee-chan for £14 million.
The highest signing in Europe came when Juventus paid £58 million for Fiorentina attacker Dusan Vlahovic, who had been a target for numerous Premier League clubs.
Villa signed Philippe Coutinho on loan from Barcelona, while Adama Traore (Wolves to Barcelona), Anthony Martial (Manchester United to Sevilla), and Amad Diallo (Manchester United to Rangers) all left the Premier League on loan.