Menu
Finance

Premier League Summer Transfer Window Spending Tops $380M In First Week

Premier League clubs have spent an estimated £300M ($388.5M) "during the first week of the summer transfer window," according to Bibhash Dash of the BBC. By comparison, £870M was "spent during the nine weeks of last summer's window." Business analyst Deloitte "expects gross outlay to rise" above £1B ($1.3B) before the window closes on Aug. 31. Football finance expert Rob Wilson said that a new £5B ($6.5B), three-year TV deal, which starts this season, is fueling "unprecedented" spending amid "unreal" player valuations. Wilson: "There's no questioning the impact of the TV deal." Each club "can expect to receive" between £30M ($39M) and £50M ($65M) from the Premier League for '16-17 as a result of the TV contract. Wilson believes "that is driving player values through the roof." He said, "We've seen this trend, over the last two or three deals at least, but we never thought the valuations would go up that much. It's unreal." ManU has been "among the biggest spenders," reportedly paying £26M ($34M) for Borussia Dortmund attacker Henrikh Mkhitaryan and £30M for Villarreal defender Eric Bailly. Analysts said that in recent seasons, more -- and bigger -- deals "have been completed during the second half of a transfer window." Wilson said, "As we go through the window, some other teams respond, such as Arsenal, Chelsea, Manchester City." France int'l Paul Pogba, for example, "has been linked strongly" with a £100M ($129.5M) move to ManU (BBC, 7/9).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/07/11/Finance/Transfer-Window.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/07/11/Finance/Transfer-Window.aspx

CLOSE