Manchester clubs top transfer spending Top 10 EPL transfers for 2016-17
AFTER the recent signings of Paul Pogba and John Stones, Manchester United and Manchester City’s summer transfer spending accounts for almost half of the total outlay by Premier League clubs, according to a recent study by Spreadex.com.
The Manchester clubs’ combined £322 million ($417.41 million) expenditure made up over 40 percent of the league’s total £794 million summer spending since May.
United paid a world record fee of £89 million to bring Pogba back to Old Trafford from Juventus on Tuesday, while City signed England defender Stones from Everton for £47.5 million later that day.
The Manchester rivals have also spent big on the likes of Ilkay Gundogan, Nolito, Leroy Sane (all City), Henrikh Mkhitaryan and Eric Bailly (both United), and both clubs have a summer net transfer spend of over 40 percent of their annual turnover.
The spending power of the Manchester two underpins the dominance of the “Big Six”, with Arsenal, Chelsea, Liverpool, Tottenham Hotspur, City and United spending £529 million since May, twice as much as the rest of the league combined, according to Spreadex’s figures.
The outlay of the Big Six dwarves the league’s average spend per club of £23 million, while only four sides have turned a profit to date this summer.
Southampton, who sold Sadio Mane to Liverpool for £34 million, Graziano Pelle to Shandong Luneng for £13 million and Victor Wanyama to Spurs for £11 million, have made the greatest profit of the division to date, with £40 million.
Everton, Swansea City and Hull City are the other teams to have made a net transfer profit so far this summer. — Sport24.