Premier League Clubs make January Profit For First Time

February 1, 2017

 Premier League clubs have made a January transfer window profit for the first time. The twenty English top flight clubs brought in £40m more than they paid out in the transfer window, which ended yesterday (January 31).

Despite a six-year January high spend of £215m, Premier League clubs received a cumulative income of around £255m in player sales. Almost a third of that figure was paid out by Chinese Super League clubs, with Chelsea midfielder Oscar and Watford striker Odion Ighalo heading to the high-spending Asian league. Four of the five most lucrative deals were players leaving the Premier League, with Memphis Depay and Dimitri Payet also leaving for France on big-money deals.

Premier League clubs spent a record £1.38bn on players during the 2016-17 season, with the January contribution being dwarfed by the £1.165bn paid out during the summer. The Premier League was comfortably the highest-spending European League, having accumulated a layout of £85m more than second-placed France.

“The sales of Oscar, Dimitri Payet, Odion Ighalo and Memphis Depay, as well as around £20m worth of sales to Championship clubs, have helped Premier League clubs record net receipts for the first time in a transfer window,” said Deloitte spokesman Dan Jones.

“As was the case last year, it is clubs in the bottom half of the table who have driven expenditure this January, investing in their squads in an attempt to secure survival.”