The Premier League’s summer spending of £2.36billion demonstrates the “incredible pace of growth” in the league’s wealth, according to finance company Deloitte.
The £2bn milestone was surpassed for the first time in advance of Friday’s deadline with moves such as Manchester City’s £53million capture of Wolves’ Matheus Nunes then driving the total to new heights.
Calum Ross, assistant director in Deloitte’s Sports Business Group, told the PA news agency: “It took 14 summer transfer windows to exceed £1bn and it’s only taken seven more to surpass £2bn, so that just reflects the incredible pace of growth that we’re seeing.”
Deloitte’s analysis showed the 2023 summer transfer window exceeded the previous record of £1.92bn, set only last summer, by almost £440m.
Chelsea’s spending under Todd Boehly’s ownership group has continued with the £100m signing of midfielder Moises Caicedo from Brighton, £63m for forward Christopher Nkunku and Friday’s £40m capture of Cole Palmer from Manchester City.
With Newcastle beating the Blues, Tottenham and Liverpool to a place in this season’s Champions League and Brighton – who pulled off a deadline-day coup with a loan deal for Barcelona star Ansu Fati – also challenging, there are as many as eight teams with realistic top-four ambitions.
Arsenal signed West Ham captain Declan Rice for a similar fee to that for Caicedo and Manchester City spent £77m on Croatia defender Josko Gvardiol, while Spurs’ £47.5m move for Nottingham Forest forward Brennan Johnson was another standout move on deadline day.
Ross said: “You’ve got that intensity of competition across the league. There are 10 clubs that have spent more than £100m so it’s not all those top clubs.
“I think at the moment, more than half of the clubs have spent more than they did last season.”
England’s top flight has spent almost as much as the other members of Europe’s ‘big five’ leagues – LaLiga in Spain, Italy’s Serie A, the French Ligue 1 and Germany’s Bundesliga – combined this summer.
But a new challenge has emerged with the Saudi Pro League attracting the likes of Neymar, Karim Benzema and Riyad Mahrez to follow Cristiano Ronaldo’s January move to Al Nassr.
The fees and wages on offer in Saudi Arabia are eye-watering with Liverpool rejecting a £150m deadline-day bid from Al-Ittihad for attacking talisman Mohamed Salah.
Ross said: “This is the first time since the summer window of 2016 that one of the big five leagues, LaLiga, doesn’t appear in the top five spenders globally. The Saudi Pro League’s replaced them, I think they’re the second highest at the moment with over 850million euros (£728m).
“Also it’s another source of funding though – I think almost half of the transfer fees received by Premier League clubs came from the Saudi Pro League. So having that extra funding from Saudi Pro League clubs and other overseas markets is then providing them with additional funds to redistribute to their transfer targets.”
The Saudi window remains open until next Thursday and while clubs could be reluctant to sell with no opportunity to replace departed talent, Ross said: “There is still a chance over the next week or so that we will see further outgoings.
“Being able to operate in a financially sustainable manner, as well as complying with the relevant financial regulations, is a key part of their activity.
“It’s balancing that need for financial sustainability and profitability with the desire for on-pitch success.”
Gakpo feels 'more dangerous' for Liverpool under Slot
Cody Gakpo believes he has become a more "dangerous" player after returning to his preferred left-wing role under new Liverpool boss, Arne Slot.
Gakpo, who joined the Reds in January 2023, was often deployed in a central striker role under Jurgen Klopp during his first 18 months at Anfield.
Across his 53 appearances for Liverpool last season, 27 came as a centre forward, with the remaining 26 coming on either flank or in the attacking midfield position.
The Dutchman, however, has registered eight goal contributions (six goals, two assists) in 17 appearances in all competitions this season, all but one of which has come from the left wing.
Gakpo has found the net four times in his last four outings for the Reds, which included a brace against Brighton in the EFL Cup to propel them into the quarter-finals.
Speaking about the switch, he told Men in Blazers: “Before I came to Liverpool I also played as a left-winger. Then I came here, and I started to play more as a central striker.
“At the Euros, I played as a left-winger again. Then this season the new manager came in. I had a talk with him, and he said, ‘You have to focus on the left-winger position.
"This is your position when you come on or when you start.’ Because he said there’s a lot of competition here, so you just have to show yourself. But he said, ‘That is going to be your position.’
“It felt a little bit, for me, like the old me, like what I did at PSV [Eindhoven] as well. I feel really good in this position. I try to show my best to everybody, what I’m capable of.
“I think I come into more one-v-ones now with my face towards the opponent, where I can really go inside and give a cross, shoot or go outside and give a cross – which is more my game, I would say, and where I think I can be really dangerous and help the team the most.”
Liverpool have enjoyed a fine start to the season, sitting top of both the Premier League and Champions League tables heading into the November international break.
Slot has earned 28 points from his first 11 top-flight games in charge (W9 D1 L1), the joint-most by a manager after as many games in the competition along with Guus Hiddink at Chelsea.
The Reds also remain the only side with a 100% record in the Champions League and have edged closer to defending their EFL Cup crown this season.
And Gakpo, who played a part in the Reds' win over Chelsea in the final of that competition last year, is eager for that fighting spirit to help bring more success to the club.
“I see those [as] separate,” he said. “When I’m on the pitch, [I’m] really there to win the game, to show my quality," Gakpo said.
“I think one of my qualities is going inside and going for a goal or maybe going for an assist. As an attacking player, I think that’s also part of the job.
“Outside of the pitch, I tend to be a different guy – it’s more about life and development, mental growth, health growth with family, with friends.
"I just try to be myself and I’m very happy that people speak so nicely of me, so thank you everybody!
“Obviously when you come on the pitch, it’s game on. You have to think a little bit different – maybe not that nice in some ways because you have to win.
"But for me, it will never be personal. Out there, [I’m] just trying to do my best for the club and to win these games for the fans, for myself, for the team.
"When the referee blows the last whistle then the switch flips again and then I’m back to normal again.”
Odegaard given time to recover as Arsenal star pulls out of Norway squad
Martin Odegaard has pulled out of Norway's Nations League games against Slovenia and Kazakhstan.
Odegaard, who was injured while on international duty in September, only returned to action for Arsenal last week.
After coming on from the bench against Inter in the Champions League, the playmaker featured for the entire game as Arsenal drew 1-1 with Chelsea in the Premier League on Sunday, and teed up Gabriel Martinelli's opener at Stamford Bridge.
Yet Odegaard will not play for his country in their matches over this international break.
"This has been a complicated ankle injury. With very few training sessions with the team [Arsenal] over the past nine weeks, it's natural that the body is not 100% at this stage," Norway's national team doctor Ola Sand said in a statement on Tuesday.
"After thorough examinations and conversations, we have agreed that Martin will not be ready to play in the matches against Slovenia and Kazakhstan.
"In consultation with him, we've agreed that it's better for him to return to London to continue his rehabilitation there."
Norway are top of their Nations League group, though they are level on points with Slovenia and Austria.
'Please, doubt us' – Dias dares Man City's critics
Ruben Dias has dared Manchester City's critics to "doubt us" after the Premier League champions' four-game losing streak.
Pep Guardiola lost four straight matches in all competitions for the first time in his managerial career as City capitulated in a 2-1 loss to Brighton on Saturday.
That loss came on the back of a 4-1 defeat to Sporting CP – coached by new Manchester United boss Ruben Amorim – in the Champions League, as well as a reverse to Bournemouth in the Premier League and an EFL Cup exit at the hands of Tottenham.
City are five points behind league leaders Liverpool, but Dias shrugged off the doubters.
"I would say, please doubt us, doubt us, feel welcome to do so," the centre-back told reporters.
"When we did the treble, we even called it the dark January. We had a tough period. But it is what it is.
"What matters is how you bounce back from these moments. That's why our team has won so much because in moments of difficulty, the characters come up and we stay together.
"We don't find people to kill, we find people to bring into the cause and fight together.
"That's what we need to do once again. Until it's done, it's not done."
City's losing run combined with Liverpool's excellent form has seen a swing in the Opta supercomputer's predictions.
The model now has Liverpool as the favourites, with a 60.3% chance of winning the title.
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