Noah Okafor’s transfer from AC Milan to Leeds United has set a new record for Premier League spending in this transfer window, reaching $24.17m.
With more big-money deals expected, including the potential sale of Eberechi Eze from Crystal Palace to Arsenal, the total spend could reach 3 billion pounds ($4.03bn). Notable big spenders include Liverpool ($387.8m), Chelsea, Manchester United, and Arsenal. Additionally, six clubs have surpassed their previous transfer record, such as Liverpool’s purchase of Florian Wirtz for 116 million pounds ($156m).
Threre have been some surprising spenders outside the usual big-hitters. Burnley broke their transfer record by paying 25 million pounds ($33.5m) for Chelsea midfielder Lesley Ugochukwu. Sunderland, despite being outside the Premier League for eight seasons, spent a hefty 26 million pounds ($34.9m) on midfielder Habib Diarra from Strasbourg. This makes them one of the highest spenders in Europe, only surpassed by Atletico Madrid and Real Madrid.
Nottingham Forest broke their transfer record twice, spending nearly 150 million pounds ($201.3m), including the signings of Dan Ndoye and Omari Hutchison. This level of spending in England is more than what Italy’s Serie A, Germany’s Bundesliga, France’s Ligue 1, and Spain’s La Liga have spent combined.
Serie A falls second on the spending list with approximately 783 million pounds ($1.05bn) spent on player investments. However, clubs from this league have since recouped more than that amount in sales. The Premier League’s dominance in the transfer market is largely due to their massive broadcasting deals, including a four-year domestic TV rights deal worth a record 6.7 billion pounds ($8.99bn) for this season.
