A report has shown that Manchester United are running the largest individual deficit in the Premier League, writes Dan O’Mahony.
Barclays has published a report on the trade balance between the leagues in various countries, and the high flying Premier League is running the biggest deficit.
As the dust settles on this summer’s transfer window dealings Barclays have published a report on the financial dealings of each countries league .Fans who have been following the dealings of Premier League clubs will not be surprised to learn that it is running the biggest deficit in world football in terms of net transfer spending.
English clubs spent £579 million on bringing players plying their trade abroad while they netted only £200 million selling players to foreign clubs, leaving a deficit of £379 million in transfer fees, the largest in world football by a distance.
Second on the list of net spenders in is Germany whose Bundesliga clubs had a net spend of £53.8 million, a long way short of their cash rich English counterparts.
At the other end of the scale French clubs have the biggest surplus, having taken in £86.6 million more than they spent. This represents a massive turn around for Ligue 1 as they had the largest deficit (£124 million) in the previous transfer window, a figure no doubt driven by the billionaire bankrolled clubs of Paris Saint Germain and AS Monaco.
Breaking down the English figure, Manchester United are running the largest individual deficit at £119.3 million. One needs only to think back on Louis van Gaal’s big splurges on the likes of Angel di Maria to see how this has occurred.
Southampton were second on the list, a position which will surprise many given the mass exodus from St. Mary’s over the summer, however all their sales were to fellow English clubs which are not taken into account in these statistics, and their spending was on foreign players.
However, the report goes on to highlight that despite these huge outflows from the Premier League the revenue generated abroad more than compensates with £744 million raised from overseas television rights and £344 million netted from sponsorship from foreign firms.
Dan O’Mahony, Pundit Arena.