Why did Premier League clubs spend so little in January?

The January transfer window came and went without the usual flurry of activity from Premier League clubs as spending by the English top-flight collapsed to its lowest level in a non-pandemic season since 2012.

English clubs spent just £100 million last month, down from a record £815 million 12 months ago, as for the first time since 2011, the Premier League was not the highest spending division in Europe for a transfer window.

According to figures from financial experts Deloitte, France’s Ligue 1 led the way with a 190 million euro spend ($206 million, £162 million).READ MORE

Financial rules finally have teeth
The Premier League’s profit and sustainability rules (PSR) have been in place since the 2013/14 campaign but had not resulted in a sporting sanction for any club until this season.

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