Transfer net spends show halving of losses as Premier League and Saudi Pro League cut back

September 6 – Further analysis of the trends of the 2024/25 summer window by Football Benchmark highlights shifts in league spending patterns, and a “remarkable turnaround” by England’s Premier League, showing an improved transfer balance of more than €550 million.

In the summer of the 2023/24 season, the Premier League and the Saudi Pro League posted “staggering” net spends of €-1.27 billion and €-882 million.

The Premier League has improved that to €-716.2 million in the 2024 window while the Saudi Pro League balance more than halved to €-383.2 million this year as the Saudi clubs cut their spending.

“To provide some context, the net spending gap between Serie A and the Saudi Pro League last summer stood at €1 billion, but this has now shrunk to €86 million for the 2024 window,” highlighted Football Benchmark.

The Spanish, German, Italian, French, Dutch, and Portuguese leagues all recorded positive balances. This summer, only the Dutch and Portuguese leagues managed to maintain a surplus.

The report recognises that with Premier League transfer expenses totaling €2.332 billion, “the figures from other leagues around the world still pale in comparison”, but point out that the “restrained spending “ is significant because “it follows the first season where the Premier League’s Profit and Sustainability Rules genuinely started to make an impact.”

Italy’s Serie A clubs boosted spending by €100 million but saw revenue from player sales drop from €1.033 billion in 2023/24 to €702 million this year. Thus resulted in a net spend difference between the two summer windows shifting from €+124 million to €-297.7 million. It is a narrowed gap of €86 million to the Saudis.

Looking at clubs, in Serie A 11 teams ended the 2023 summer window with a positive transfer balance, while 11 clubs had a negative net spend in 2024. In comparison nine Saudi Pro League clubs reported a positive transfer balance in 2024,…

Source link : https://www.insideworldfootball.com/2024/09/06/transfer-net-spends-show-halving-losses-premier-league-saudi-pro-league-cut-back/

Author : Paul Nicholson

Publish date : 2024-09-06 10:15:57

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