About 4 trillion won in spending in the summer alone
As of 11 p.m. on the 1st, the 2023-2024 English Premier League (EPL) summer transfer market closed. According to a BBC report, English clubs spent 2.36 billion pounds (about 3.926 trillion won) during the period, the highest ever. The previous record was 1.92 billion pounds (about 3.194 trillion won) set just a year ago. Spending has increased by about 700 billion won.
If you take a look at the numbers, you'll see a record summer scale. The transfer fee is about half (48%) of the total expenditure of La Liga (Spain), Serie A (Italy), Bundesliga (Germany), and League 1 (France), which are considered the five major leagues in Europe. Even though winter has not come, there is still more to be surprised as it has already achieved the amount equivalent to the total amount of Premier League summer and winter transfer market spending (£2.7 billion) last season.
On the last day of the transfer market alone, £255 million was released. It is more than double last season (120 million pounds). Midfielder Mateus Nunez (£55 million) who moved from Wolverhampton to Manchester City, Cole Palmer (£40 million) from Manchester City to Chelsea, and Ryan Hravenberg (£34.3 million) who changed his uniform from Bayern Munich (Germany) to Liverpool are considered big "D-Day" recruits. 스포츠토토
The recruitment of Muhammad Salah (Liverpool) of Saudi Arabia's Professional League Al-Etihad, which had knocked until the end, failed. Ritihad offered £150 million, but Liverpool refused at once. Saudi Arabia, which swept a large number of European star players such as Neymar (Alhilal) and Karim Benzema (Al-Etihad) this summer, has spent about 700 million pounds so far, and a third of them have been used to buy English Premier League players.
Saudi Oil Money's firepower was strong, but the big players in the Premier League spent three times more than that. The club that led this 'crazy' situation is Chelsea. Since taking over as American businessman Todd Bolley, Chelsea have spent £1bn in three transfer windows so far. This summer, he spent £380 million buying 10 players, the highest for a single club. Player sales were also the highest in European history at 295 million pounds.
Tim Bridge, accountant at Deloitte, a world-renowned accounting firm, said through BBC, "The Premier League's record spending for the second consecutive year contains the prospect of a recovery in earnings growth after the pandemic." Competition in the league is also getting fiercer," he said. Now that the investment is over, it's time to draw up a portfolio.