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Where Has The Money Gone? Why Was The Transfer Window So Quiet?

It was just a year ago that Premier League clubs seemed to go all in when the January window came. More than £800 million was spent with Chelsea leading the pack as they signed Enzo Fernandez and Mykhailo Mudryk for around 100 million pounds each.

There were plenty of other clubs that dipped into the window to acquire players they believed could help change their season. Fast forward 12 months and the situation could barely be more different. Premier League clubs have so far spent around £50m, with Tottenham’s £20m move for Genoa defender Radu Dragușin accounting for about half of that figure, and 11 of 20 clubs have had no incomings at all.

So, why was the winter market so dry?

The biggest reason you hear everyday has to do with Financial Fair Play and Profit and Sustainability Rules. FFP has hindered teams for years as they have to spend money wisely to ensure they remain compliant with the rules. The Premier League now has an even bigger problem, PSR which dictates that clubs must not lose more than £105m over the course of a three-year period.
It’s hardly a new initiative, but with heavy losses sustained over the COVID-19 period, the rules were temporarily relaxed so it sort of filtered into the background.

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