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.