As is customary, the Premier League transfer window opens on January 1st and closes on January 31st, bringing a flurry of arrivals and departures at various clubs, making it the second highest amount spent in the January transfer window, with January 2018 still holding the record with around €430 million spent, compared to around €300 million spent this year.
The most notable activity during the short transfer windows was the arrival of Luiz Diaz from Porto to Liverpool for €37.5 million, while Newcastle's wealthy new management did as expected by paying an initial €35 million to Lyon for the signing of Bruno Guimareas, €25 million for Chriswood from Burley, and including Kieran Trippier to their squad by paying €12 million to Atletico Madrid.
The relegated threatened teams, i.e. the bottom five clubs (Everton, Norwich City, Newcastle United, Watford, and Burnley) spent more than half of the total money spent by all other premier league teams, i.e. £150 million. This will undoubtedly make the league more competitive and interesting, as no team wants to be relegated.
The Premier League continues to be the most financially successful, while the other top European leagues are also not slowing down; the Seria A is the closest spender this year. Football teams are already recovering from the pandemic because spectators and fans are being permitted into stadiums, bringing in more income. I hope the money invested was well spent.
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