Premier League clubs spent just £100m in the January transfer window as total expenditure fell by more than 700 percent compared to 12 months previous.
And the slump in activity has been put down to a combination of factors headlined by fears around profit and sustainability regulations after Everton were handed a ten-point deduction and Nottingham Forest have also been charged.
But experts say that there are other reasons, including a plateauing in broadcast revenue and a correction following last summer’s heavy investment. A host of managers have claimed it is increasingly difficult to do business in the winter window, instead preferring to do their business during the summer as it affords players an opportunity to settle into new environments.
Last season the 20 top flight sides spent £815m, spearheaded by Chelsea ’s unprecedented splurge on seven players including Enzo Fernandez and Mykhailo Mudryk.
But loan moves were on the menu for many this January, while the biggest fee paid was the modest £25m Tottenham paid Genoa to land Radu Dragusin.
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.”
Arsenal, Chelsea, Everton, Liverpool and Manchester
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