Clubs’ January Spending Slumps
02 Feb 2010 | sigadmin
Premier League clubs’ transfer spending in the January window dropped to a seven year low of £30m, according to Deloitte, a figure below the £170m spent by English clubs a year ago.
Clubs across the continent also didn’t go beyond the £30m figure, with only the Italian league, Serie A, matching the amount English clubs spent. The Spanish, German and French leagues all spent considerably less.
About 70% of transfers of the 2010 January transfer deals were loan arrangements, Deloitte said.
These latest figures indicate that the recession may have finally caught up with European football.
