Not a single Premier League club apart from Tottenham Hotspur have made a profit from their transfer dealings over the last two transfer windows.
According to reports from the Guardian, Spurs, who finished third in the league and secured an automatic Champions League qualification, have managed a (net) profit of £6.7m.
Spurs reduced their squad depth by selling a lot of fringe players from the squad last season. Paulinho was sold to Chinese club Guangzhou Evergrande for £9.9m while the likes of Lewis Holtby, Étienne Capoue, Roberto Soldado, Vlad Chiriches, Aaron Lennon and Benjamin Stambouli were all being sold.
Leicester – £28.9m
Arsenal – £15.6m
Tottenham Hotspur- £6.7m (profit)
Manchester City – £124.4m
Manchester United – £33.6m
Southampton – £4.8m
West Ham United – £26.5m
Liverpool – £15.4m
Stoke City – £21.3m
Chelsea – £7.8m
Everton – £20.9m
Swansea City – £5m
Watford – £42.5m
West Bromwich Albion – £27.5m
Crystal Palace – £21.5m
Bournemouth – £38.7m
Sunderland – £37.2m
Newcastle United – £80m
Norwich City – £27.1m
Aston Villa – £9.3m
Figure Courtesy: The Guardian
From the figure, it is evident that there is hardly any correlation between spending on transfers and sporting achievement. For instances, Manchester City are the biggest net spenders by some margin with an outlay of £124.4m. They spent big on players like Raheem Sterling, Nicolas Otamendi and Kevin de Bruyne, but they had a relatively disappointing campaign, where they finished the season in fourth, two places worse off than last year.
Newcastle United also spent around £80m but managed 37 points and were relegated to the Championship. The same applies to Norwich City as well. The Canaries had a net spend of around £27.1m and were relegated in 19th place.
Likewise, Watford and Bournemouth – the two promoted from last year – invested heavily too. Watford finished highest in 13th while Bournemouth finished three places further back.
Leicester City had a net spent more than Arsenal, Liverpool, Chelsea and Southampton and they indeed shocked everyone by winning the Premier League.
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