By Tony Attwood
The transfer window is far from over in Europe, but with the exception of taking on out-of-contract players, the Premier League is done and dusted. So I thought I might put together a state of play index showing all the Premier League’s clubs along with a few of the major European clubs in terms of money spent or, in a few cases (indicated by a + sign) a profit.
All the figures in what follows come from the Guardian’s chart of transfers and reflect the officially released prices for each player moving to the club.
One thing to say before we go on, there have been a number of attempts to re-write Arsenal’s expenditure to bring it in line with, or even below, the definitive statement made by Arsenal Supporters Trust who claimed that Arsenal would have a net spend of £45m.
In response to this the Swiss Ramble twitter account gave us ten different ways of calculating Arsenal’s spend this summer, and indeed by finding your favourite accounting approach, the total can be taken down to £40m. But then, to make this comperable, we’d have to adjust everyone else’s summer spend in the same way, and that would leave Arsenal in the same position as we see here – second in the Premier League’s expenditure league, but behind Europe’s big spenders – Real Madrid, Barcelona, and Inter Milan.
However the approach adopted is much simpler – taking the amount declared as the cost of each player, irrespective of whether it is to be paid in one go or over time – and it applies to each club, irrespective of how and when they intend to pay the money.
Looking at the top of the Net Expenditure table we can see just three teams that have (so far at least, given that their windows are still open) exceeded the spend of the English clubs.
In the Premier League, top of the table are Aston Villa, who after three years outside of the top division seem to be determined to stay in the top league and not slip back again. Indeed Villa clearly see themselves as a PL club with a top division heritage, reflecting the fact that in 1990 and 1993 Villa came second in the top division and in 1981 won the league, winning the European Cup the following season. Including wins in the early days of the competitions Villa have won the league and the cup seven times each. But many of these were a very long time ago.
At the other end of the English scale there is Norwich, also promoted, who look to be quite happy to see how things go, and if necessary take the money and a relegation, presumably with the aim of building up the club over time.
The window in France, Germany and Spain closes on 2 September, so they have a lot of time to play with. I’ll try and remember to update this table when it is all over.
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|Net loss table||Net expenditure||Selected European||Net expenditure|
|Manchester C||£72.8m||AC Milan||£74.1m|
|Totttenham H||£64.4m||Bayern Munich||£62.5m|
|Brighton & HA||£60,5m|
|Net Profit Table||PSG||+£0.8m|
Obviously anything can still happen on the European front.