Premier League clubs spending drops by millions in January

IN a surprising turn of events, Premier League teams including Chelsea, Manchester City and Manchester United spending less and have collectively tightened their purse strings during the January transfer window. 

This marked departure from the traditionally lavish spending sprees can be put down to teams over spending in other windows and are now feeling the backlash of it.

Many Premier League outfits have opted for a more measured and sustainable approach, steering clear of massive transfer fees and hefty player wages however that may change in the summer with Chelsea looking to bolster their attack with a striker.

They are linked with Victor Osimhen for a move over £100 million which will certainly put a dent in their transfer budget. A team who will not be looking to spend big is Manchester City who are facing 115 FFP charges and will not want to add to it.

The January window has witnessed a noticeable trend of clubs prioritizing the development and promotion of homegrown talent. With players Like Kobbie Mainoo, Alfie Gilchrist and Conner Bradley making debuts this season as teams look to invest in nurturing talent from within their academies.

As the Premier League continues to adapt to the challenges posed by the pandemic, the January transfer window of 2024 will be one to forget.