da premier bet: Premier League clubs tightened their purse strings in January which saw a huge dip in the winter transfer window spending.
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The lowest outlay in a non-Covid season since 2011-12Just 17 permanent transfers and 13 loan dealsLigue 1 clubs had the highest gross transfer in JanuaryWHAT HAPPENED?
There has been a reported decrease of £715 million ($912m) in spending compared to the previous winter window in 2023. The collective expenditure by the 20 top-flight clubs amounted to £100 million ($128m), marking the lowest January spend in a non-Covid season since the 2011-12 period when it was £60 million ($77m). This figure is notably lower than the £815 ($10140m) million spent in the corresponding window last year, as reported by financial services firm Deloitte.
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Tim Bridge, lead partner in Deloitte's Sports Business Group, said: "After record-breaking spending in the last three transfer windows, Premier League clubs' spending this January has been subdued.
"The more prudent approach is likely driven by the high level of spend invested during the summer window but may also have been influenced by a heightened awareness of the Premier League's financial regulations and the potential repercussions of non-compliance.
"Securing the highest quality player talent remains pivotal for Premier League clubs, but we've seen in this window that retention has been of higher priority than attraction."
THE BIGGER PICTURE
The window witnessed 17 permanent transfers and an additional 13 loan deals, including seven permanent and six loan deals on the final day. Deadline day transactions saw only £30 million ($38.27m) in disclosed fees, a substantial drop from the £275 million ($351m) spent on the same day a year ago.
DID YOU KNOW?
Despite the modest January total, the 2023-24 season remains the second-highest transfer spend ever, reaching £2.5 billion ($3.19 billion) across both transfer windows. This overall spending surge was driven by the record-breaking expenditures made by clubs in the summer.