Revealed – How much Premier League, La Liga and Serie A clubs spent during 2020 summer transfer window
Ligalive takes a look at how much money Premier League, La Liga and Serie A clubs spent during 2020 summer transfer window.
The money spent by top three leagues across Europe makes it clear that COVID-19 pandemic has made an impact on the club’s finances.
Premier League clubs spent $1.2bn on transfer fees during the 2020 summer transfer window, resources put together by FIFA show.
The summer transfer window was unlike any other for top clubs across England as they had to deal with the multiple whammies of COVID-19 pandemic and subsequent empty stadiums, sponsors eager to renegotiate deals and rebates offered to TV companies.Ligalive had reported a few days ago that the 20 top clubs across England have lost around £1bn due to the factors cited above, with the likes of Manchester United (£116.4m), Manchester City (£109.3m) and Liverpool (£102.6m) losing more money than other English sides.
Yet, as the likes of Manchester City and Chelsea showed with their transfer dealings, English top-flight clubs did what they had to do in the transfer market to strengthen their squad ahead of a season that is going to be jam-packed with matches almost every three days.This shouldn’t come as a surprise given that Real Madrid chose to sit out of the transfer market to soften the financial blow of the pandemic.
Spanish top-flight clubs spent less than half of what their counterparts in England spent on transfer fees during the 2020 summer transfer window.
Real Madrid, who spent over €160m on Eden Hazard last summer, had an unusually quite transfer window. Los Blancos failed to sign a single player for the first time in years and reduced their wage bill by offloading the likes of Gareth Bale, James Rodriguez and Sergio Reguilon, among others.
That wasn’t the case with Barcelona. The Camp Nou outfit splashed 1/4th of all the money spent by La Liga clubs during the transfer window, as the signings of Miralem Pjanic, Trincao, Sergino Dest, Mattheus Fernandes and Pedri ended up costing Barca €124m in transfer fees.
What is perhaps more interesting is that Spanish clubs made more money from departures than they spent on new signings. FIFA’s data shows that that La Liga made a transfer fee net profit of £142m during the recently concluded window.The Italian top-flight was the first major football league across Europe that was suspended due to the pandemic earlier this year.
Serie A clubs spent more than half-a-billion dollars on transfer fees during the 2020 summer transfer window, with Juventus leading the way by spending €110m on new faces.
Andrea Pirlo’s side might have spent €72m on acquiring Arthur from Barcelona but they got most of that money back by recouping €60m from the departure of Pjanic. The Old Lady saw fewer faces leave the club than those coming in through its doors and made a net loss of €13.7m on transfers.Inter Milan, the 2nd biggest spenders in Serie A, followed the same route as that of the side that pipped them to the Scudetto last season. The Nerazzurri spent €97m on new signings and got €84m back by getting players off their payroll.
Parma’s position as the 3rd biggest spenders in the Italian top-flight is surprising given that Fabio Liverani’s side finished out of the top half last season but still managed to outspend the likes of Napoli and Roma in the subsequent transfer window.