Premier League ALREADY hits €1 BILLION in spending

Carlo Garganese

• 12 Jul 2023 05:30 CDT
• 4 min read

The Premier League is already on the verge of spending €1 billion on incoming transfers this summer.

It is only July 12 and the European transfer window has been open for less than a fortnight but the English league is already blowing away the other leagues on the continent.

So far the Premier League has splashed out an incredible €837m on transfers this summer window.

READ MORE: Premier League 2023/24 summer transfers: All the Done Deals

By the end of the week it is very likely the Premier League will hit the €1bn mark.

In the next days West Ham midfielder Declan Rice will join Arsenal for €123m, while Inter Milan goalkeeper Andre Onana will move to Man Utd for €60m.

These two transfers alone will take the Premier League over the €1 billion mark.

READ MORE: Saudi Pro League summer transfers 2023: All the Done Deals

Still not a quarter of the way through the European window - and despite the new threat of the Saudi Pro League - the Premier League is well on its way to shattering spending records.

Arsenal will soon break the €200m mark on spending with Kai Havertz, Rice and Jurrien Timber. Tottenham are the current highest spenders in England, bringing in five players for €136m.

Liverpool have blown over €100m on two players in Alexis Mac Allister and Dominik Szobozlai. Man Utd will hit the €125m mark when Onana joins up with newboy Mason Mount.

Chelsea have barely got going but already are close to €100m in spending. Newcastle broke the transfer fee record for a Milan and Italian player by buying Sandro Tonali for €70m.

Brighton, Brenford and Wolves have all spent over €50m each so far, too.

In total, the Premier League has a net spend so far of -€382m. This is compared to Serie A’s -€71m, La Liga’s €-20m, while the Bundesliga is €187m in the green.

This all illustrates once again how the Premier League is in a different universe economically to every other European league, and just why so many fans outside of England are so unhappy with the lack of competitive balance and equality in club football today.

This is a trend only growing each year as the gap between the Premier League and the rest of Europe gets every bigger.

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