Teams from Europe’s Big Five leagues spend 5.5 billion euros in transfer window

first_img(REUTERS) – Spending by teams in Europe’s Big Five leagues totalled a record 5.5 billion euros during the close season transfer window, financial analyst Deloitte’s Sports Business Group said yesterday.The outlay was 0.9 billion euros (£817 million) more than the previous record set in 2018, with England’s Premier League clubs spending 1.55 billion euros with a net spend of 635 million euros.Spain’s La Liga clubs spent 1.37 billion euros – exceeding 1 billion euros for the first time – while Italy’s Serie A (1.17 billion euros) Germany’s Bundesliga (740 million euros) the French Ligue 1 (670 million euros) all set new records.“Spending across clubs in Europe’s ‘big five’ leagues has reached record levels in this summer’s transfer window,” said Dan Jones, partner in the Sports Business Group at Deloitte. “This unprecedented level of spending has been driven by a number of factors, including additional income from new league broadcast cycles, participation in, and subsequent distributions from, UEFA club competitions.”Jones said club-specific factors such as management changes and improving playing squads to achieve on-pitch objectives were also contributing factors.“The improved financial performance of European football clubs has also reduced the need for clubs to sell their best players,” he added. Spain’s Atletico Madrid signed 19-year-old striker Joao Felix from Benfica for 126 million euros while Barcelona landed France international forward Antoine Griezmann from Atletico Madrid for 120 million euros.Real Madrid ended their long pursuit of Eden Hazard by signing the Belgium winger from Chelsea for a reported fee of 100 million euros. Net spending in the Premier League fell by 50 million pounds since the league’s deadline day on August 8.“Looking to the Premier League, this summer’s transfer expenditure fell narrowly short of record levels, and net spending was at its lowest level since summer 2015,” Jones said.“While this level of net spending as a proportion of revenue of 11% is the lowest since summer 2011, we still expect wages to increase at a greater rate than revenue in the next couple of seasons.”last_img read more


Lionel Messi backs Gerardo Martino to become new Barcelona manager

first_imgLionel Messi has spoken glowingly about Gerardo Martino following the emergence of his fellow Argentinian as the favourite to succeed Tito Vilanova as the manager at Camp Nou.Barcelona’s sporting director, Andoni Zubizarreta, is in Buenos Aires for talks with Martino, who led Newell’s Old Boys to the Argentinian Clausura title last season but recently severed ties with the club.Messi would welcome Martino’s appointment. He told Diario Ole: “I like Tata Martino. He is a great coach and he showed that in the Clausura with what he did for the team, the way it ended and how he did it. He gets his teams playing well and we all respect him.”Barcelona announced on Friday that the 44-year-old Vilanova was stepping down as he continues his battle with cancer. Martino, who also coached Paraguay, has been heavily tipped to beat other candidates such as André Villas-Boas, Michael Laudrup, Marcelo Bielsa, Luis Enrique and Rubi.Feyenoord’s Ronald Koeman has ruled himself out. The former Barça and Holland defender said: “That is absolutely not on the cards for me. I do not know who it should be. It’s not something that affects me now. I’m more worried about the disease Vilanova has.”last_img read more