EPL Set New Record For January Transfer

By Chimezie Nebolisa

According to finance experts Deloitte, English Premier League clubs have broken the record for transfer spending during the January window with a £440-million spending.

On Tuesday, the gross spend by Premier League sides had surpassed the competition's previous high of £430 million set in January 2018.

Chelsea have led the English top-flight's record-breaking January, with the Blues splashing around £180 million this month, with Ukraine winger Mykhailo Mudryk joining from Shakhtar Donetsk in a deal reportedly worth £88.5 million.

Chelsea also brought in David Fofana from Molde, Monaco's Benoit Badiashile from Monaco, Andrey Santos from Vasco da Gama and PSV Eindhoven's Noni Madueke.

Netherlands Forward Cody Gakpo Joined Liverpool From Psv For £44 Million In Another Of The Big January Deals. There is still one week left before the January window closes, leaving room for the new record to rise even higher.

Calum Ross, assistant director in Deloitte's Sports Business Group said: "January 2023 has already surpassed the record spent during any previous winter window as Premier League clubs look to reinforce their squads ahead of a crucial second half of the season. The 2022-23 season has seen clubs invest heavily in their squads, and to date this season Premier League clubs have spent more than £2.4 billion on player transfers.”

"New ownership and an availability of financial resources to pay significant sums to maximise performance continue to be key contributors towards record spending levels. While this level of spending illustrates Premier League clubs' recovery post-pandemic, the importance of long-term financial planning and focus on financial sustainability should continue to be a priority," he added.