The top five leagues of Europe has spent more than ever in this summer transfer window. According to Deloitte’s Sports Business Group teams of Europe’s top five leagues spent a record of 5.5 Billion Euros as every club eyes to strengthen their squad by signing in big names.
Premier League which is referred to as the toughest league to win has spent an overall 1.55 Billion Euros. Everton, Wolves, West Ham all spent more than 90 Billion Euros with the most expensive move was Harry Maguire the Leicester City defender who joined the Red Devils for 97 Million Dollars, making him the most expensive defender ever. Not only that Aston Villa the newly promoted side spent more than 150 million Euro to compete with the
big clubs. Arsenal and Spurs, both the North London clubs broke their transfer record by signing Nicolas Pepe and Tanguy Ndombele respectively. No wonder why everyone calls premier league the richest league.
On the other hand, Barcelona signing Griezmann for 134 million dollars and Atletico Madrid grabbing the Ex-Benfica teenager Joao Felix for 141 million dollars to replace him, the La Liga clubs collectively spent 1.37 Billion Euros becoming the second-highest spenders. The top 3 teams of La Liga dominated the transfer window where Atletico Madrid spent an estimated amount of 265 million dollars, the most by any La Liga side. Seria A clubs stands third on overall spending, paying 1.17 Billion Euros, Bundesliga and Ligue 1 being the
fourth and fifth respectively.
According to many pundits, with the ever ending demands of the football fans and the pressure to win silverware every season, the clubs are bound to make big money moves. The increase of overall spending by the top five leagues is small up around 0.9 Billion Euros on the record set last summer but it indicates the continuous increase in the wealth of those at football’s top table.