Why was Premier League transfer spending way down this summer?
Briefly

Operating losses in football have ballooned from £413m in 2018-19 to £1.338bn in 2022-23, showcasing a financial crisis in the sport.
Owners pumped in £1.1bn of funding in 2022-23, the highest ever, indicating the dire financial state of clubs requiring immediate capital.
Investing in football can be driven by passion, profit-seeking, or future valuation expectations. Recent trends show clubs struggling to solidify their future worth.
Claims of massive club valuations are diminishing; clubs are selling for less than expected, demonstrating a shift in market confidence among potential buyers.
Read at ESPN.com
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