The Crazy Spending Of The January Transfer Window

13 10 2011

The transfer window is a period the tabloids love with their continuous volumes of rumours to fuel the avid fan with belief his team is going to invest heavily in a top class forward, finally. The window at the turn of the year is traditionally one which sees low costs moves, usually mid-table clubs investing heavily to help avoid the drop. But this January saw an anomaly in England; big signings. Fernando Torres (£50m), Andy Carroll (£32m), Luis Suarez (£22m), David Luiz (£25m), Darren Bent (24m) and Edin Dzeko (£27m) all moved for prices above £20m, in deals you would generally expect to see in the summer. But what was the general trend across Europe?

The difference between the other European nations was drastic. With UEFA implementing new financial regulations next season in which clubs cannot spend more than their annual turnover, it seems the powerhouses of England – riddled with debt – wanted to make one last splurge. Overall in January a reported £225m was spent in the Premier League, a record amount which even surpasses the previous milestone of £175m which was set back in 2008, mainly due to Manchester City’s spending. The Citizens would be part of proceedings once more, but the big spenders were Chelsea. Russian oligarch Roman Abramovic has been reluctant in the past few seasons to invest, hoping the influx of youth signings under Frank Arnesen would be promoted and provide an ending to the Jose Mourinho years of economically draining investments.

Over in Spain money was spent, but not in large quantities. Barcelona’s sole purchase was young Dutchman Ibrahim Affelay from PSV Eindhoven who cost roughly €2m, while Real Madrid’s recruitment was the flimsy loan signing of Emanuel Adebayor from Manchester City. Malaga, under the ownership of a Qatari millionaire, helped spice up the transfer window signing six new players, the most costly being former Arsenal forward Julio Baptista who returned to Spain from Italy for  €3m.

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