Spend, spend, spend: Premier League clubs have splashed £4.4bn plus in a decade
Premier League clubs have splashed out more than £4.4bn in the last 10 years in attempts at silverware hauls, long-term successes or even just some short-term staying power.
With the summer transfer window to close on Friday evening, it is fully expected that net spending will gazump last year’s total of more than £450m.
It won’t be a surprise to see foreign-owned giants Chelsea and Manchester City right at the top of the spending tree with Roman Abramovich’s million’s amounting to £681m directly involved in transfer fees at Stamford Bridge, with Sheikh Mansour trailing closely behind since his takeover in September 2008 with £572m having been splashed.
New spending culture
In recent years, we have seen the net spend in transfer windows sky rocket as the pressures for success have intensified with competitions becoming all that more competitive and lucrative in terms of involvement.
Chelsea won the Champions League last term and have therefore been able to attract the likes of Belgian superstar Eden Hazard (pictured) who is the most expensive import of the current window at £40m.
Roberto Di Matteo has also brought Marko Marin, Oscar, Cesar Azpilicueta and Victor Moses to Stamford Bridge this summer and the Blues have signalled their intent at having a better crack at the Premier League, having finished in a disappointing sixth last time round.
Champions Manchester City have also received their critics for spending for spending’s sake with Jack Rodwell arriving from Everton for £12m and Scott Sinclair set to arrive for £8m in a squad that probably didn’t need too much strengthening anyway.
You may be surprised to see Arsene Wenger’s Arsenal at sixth in the big spenders of the last decade with the stereotypical view that the French manager is tight with his spending, often plumping to part with his top earners, whilst building up younger pros.
But more recently and especially in this window we have seen Wenger uncharacteristically spend in excess of £40m on Lukas Podolski, Olivier Giroud and Santi Cazorla in an attempt not to fall behind in the reality of a charge for the Champions League places.
Wenger has time and again spoken about the importance of finishing in these positions given the lucrative capital gain from being involved.
We have seen the likes of Liverpool slip further out of the Premier League reckoning in recent seasons and it is certainly no mean feat to claw your way back.
When you scroll down the list of big spenders you will also find now League One Portsmouth in 14th place with a net spend of £100m, largely splashed during Harry Redknapp’s reign whereby the South Coast side brought a number of high profile, big earners to the club in a bid to stay in the top flight for the long-term.
As we all know, Portsmouth’s financial plight has been unenviable and they have been clinging on in terms of survival for just over a year or so now, revealing that short-term gambles and big ideas can sometimes have adverse effects later on down the line.
The same could be applied to current Premier League side Queens Park Rangers who under wealthy Malaysian businessman Tony Fernandes have been able to wield an edge in the transfer market bringing the stellar likes of David Hoilett, Julio Cesar and potentially Esteban Granero to Loftus Road this window.
With players on bigger wages than you would typically expect at a club their size, QPR are under pressure to perform and finish more admirably than they did last season whereby they scraped relegation by the skin of their teeth.
What’s for sure is that big spending is set to continue with no signs of abating. We all anticipate another busy deadline day, with some blockbuster moves yet again making the headlines.
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