- How spending a fortune on transfers is not always a good idea.
- The significant success of Arsenal’s recent signings recognised
By Sir Hardly Anyone
There is a little chart which makes rather interesting reading in my view, but which is not being shown in any of the newspapers or websites I’ve seen (but I may well have missed it what with staying up late last night to collect the last minute stories). So I’ve created it.
Not just a list of how much each club spent, but also how much it received both this window and last summer’s window. And then where it is in the league.
And it is a list that confirms what I gathered from watching the transfers roll in. The top clubs in the Premier League were not selling. Not to other English club nor to anyone else.
What’s more, we can also see that league position didn’t have too much to do wiith the amount spent – with one very big exception, Chelsea.
To give a broader perspective we’ve also included in the final column the net amount spent last summer. Figures are rounded up or down to the nearest million pounds, A minus sign means the club received more than it spent.
|Club||Lge pos||Spent||Received||January net Spend||Summer net spend||Total net spend||Total net spend pos|
Arsenal turned out to be the second biggest spender among the big seven clubs in January, having been only the fifth biggest spender last summer. Which when one comes to think about it, is rather interesting. The fifth biggest spender out of the big seven clubs last summer has moved from being fifth in the league last season to top, which suggests success is not just about spending money, as the media seem to suggest.
Meanwhile Chelsea, who were the biggest spenders last summer, are languishing in tenth, and so having failed to use money to push themsevles up the league they have decided to use money to push themselves up the league. I guess on the basis that it has to work in the end – otherwise why would clubs keep doing it?
So overall does spending lots of money over two windows raise a club up the league? In fact although I normally tend to answer that question with a resounding “no” maybe there is a hint that it can do – although clearly not yet in Chelsea’s case. If it did, Arsenal would be fourth and Manchester City seventh.
|League position now||Club||League position last season||Spend position 2022/23||Spend minus lge position|
Clearly, there is some sort of link between the overall spend in the last two windows and the positions of these clubs in the league, but Chelsea’s spending last summer shows that throwing vast amounts of money at a problem doesn’t always solve it – or at least doesn’t always solve it quickly. So having discovered that, they are doing it again.
The figures do show just how right Manchester City have got it, in terms of using a sovereign wealth fund only surpassed by that available to Newcastle.
But more than anything the table does show that spending is not a guarantee of rising up the table. For Newcastle, it has worked. They were 11th last season, third in the spending table for this season and are third in the league.
For Chelsea the reverse is true. They were third in the league last season, are top of the spending table and are now… 10th.
There is also a suggestion of financial problems ahead. Liverpool and Tottenham Hots have been spending less than we might otherwise expect, and tales of a lack of money surround Tottenham. How long will this non-spend policy continue?
Our last column (Spend minus league position) is somewhat fanciful but it does give a bit of an indication of success in the transfer market. If spending equalled league success the club that spent the most would be top of the league. Clubs that are doing better than their amount of spending might suggest get a positive number. Clubs that are doing worse get a negative number.
Of course all the money just spent in January hasn’t had an effect yet, but the table will allow us to see, come May, just how much impact all this spending has had.
Arsenal are three places higher than the spending might suggest. Chelsea are nine places lower. Who’d have thought it!
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