In January, Premier League clubs have spent £247 million, a sharp increase from last year’s £90 million. Manchester City leads the spending, accounting for £125 million alone, indicating their urgent need to bolster the squad amidst a poor title defense. Ligue 1 follows with £106 million in spending, primarily due to PSG, while English Championship clubs have spent £44 million, overshadowing La Liga’s meager £2 million. The article reflects on the dramatic shifts in transfer strategies and financial investments in 2023 and 2024, pointing to a new cautious approach post a record-setting previous year.
Manchester City are responsible for more spending this month - about 125m - than the other 19 Premier League clubs combined, reflecting their pressing need to strengthen.
In January 2023, 815m was spent, the highest of any year in the past decade, with Chelsea leading the way, whereas 2024 saw only 96m spent.
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