English clubs break the record in the winter Mercato

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Total spending by English clubs surpassed the previous high of £430m in January 2018.

Chelsea tops the list

With generous financing from the new owners, Chelsea topped the list of top spenders, setting a record in the winter transfer market. The Blues spent around £180m after Ukrainian winger Mykhailo Modric joined from Shakhtar Donetsk in a £88.5m deal. Chelsea brought Ivory Coast David Fofana from his Norwegian birth, Frenchman Benoit Badiachel from Monaco, Brazilian Andre Santos from Vasco de Gama and Noni Madueki from Dutch Eindhoven. Dutch striker Kody Khakpo joined Liverpool from PSV Eindhoven for £44m in one of the biggest signings of the winter.

There is still one week left before the current window closes, which leaves room for a new record run.

Deloitte reported that Premier League clubs’ total spending in last year’s window was £105m, one week before the transfer window closed at £295m.

“January 2023 has surpassed the record-breaking month spent in any previous winter window as Premier League clubs look to bolster their ranks ahead of the crucial second half of the season,” said Calum Ross, assistant manager at Deloitte Group.

And he continued, “The 2022-23 season witnessed clubs investing heavily in their teams, and so far this season clubs have spent more than 2.4 billion pounds on player transfers.”

“This level of spending demonstrates the post-pandemic recovery of English Premier League clubs. The importance of long-term financial planning and a focus on financial sustainability must remain a priority,” he added.

And Deloitte stated that the total spending of Premier League clubs for the 2022-23 season has so far reached 2.

4 billion pounds, as the new winter record comes after the other record set last summer with 1.9 billion pounds.

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