We have crossed the midpoint of the January transfer window but are still waiting to see any significant moves in the market. This is in sharp contrast to the 2023 January window in which Premier League clubs broke all spending records. As per the data gathered by SafeBettingSites.com, football clubs spent $720 million during the last January window.
FFP has halted transfer plans of Premier League clubs
As we enter the second half of the January transfer window, it’s been quite a lull in the Premier League. This lack of activity follows last year when Premier League sides spent a grand total of £720m on transfers.
Up until recently, the general trend was that clubs preferred to do their business in the summer, and the January window was meant for emergencies. However, the PL clubs have recently started buckling the trend.
Until the 2019 January window, the record for highest spending in the Premier League was £100m, set during the 2016 January window. However, the 2020 window witnessed an uptick in January activity as Premier League clubs spent £165m.
A rather bleak January window followed this in 2021 as the footballing world was reeling from the pandemic. Only £15m was spent by Premier League clubs that year.
However, in 2021, we saw another January window record as PL clubs splashed out £180m on players. Last year, the spending reached another level altogether as clubs decided to make some serious acquisitions, splashing out £720m in the process.
The market has been subdued this year as almost all clubs have refrained from spending serious money. Radu Drăgușin’s move from Genoa to Tottenham is the only one that can be called a big-money signing. Spurs paid approximately £22m for the signing of the Romanian.
It remains to be seen whether the same lull persists over the left of the window. However, one certain thing is that this window won’t match the levels of the last few January windows.
Vyom Chaudhary, editor at SafeBettingSites.com, said: “FFP has created havoc over the transfer plans of various big-spending Premier League clubs. Several clubs are struggling to stay within their spending limit and that has led to a dead market. The recent sanctions against Everton and Nottingham Forest have made clubs even more cautious regarding breaches of financial fair play.”