Manchester City and Manchester United have posted the worst deficits of any club in Europe over the past 10 transfer windows.
That’s according to new data showing the net transfer spend of Europe’s top clubs since the summer of 2016.
The figures from the CIES Football Observatory show how much clubs have spent on attracting top talent, how much they have recouped from selling players – and the total profit or loss.
Premier League clubs dominate the list of the biggest transfer deficits from Europe’s top five leagues – with 11 of the top 20 coming from England’s top flights.
And even newly promoted Leeds United have run up a bigger bill than La Liga giants Real Madrid.
Success has come at a price for Man City, who have run up a huge transfer deficit
(Image: 2019 AMA Sports Photo Agency)
City top the list with a whopping transfer deficit of £554million.
That comes from spending £883m on new signings including the likes of Ruben Dias, Ferran Torres, Rodri, Leroy Sane, John Stones, Ilkay Gundogan, Aymeric Laporte, Bernardo Silva, Ederson and Riyad Mahrez – while they have recouped £329m from sales.
United are second with a deficit of £515m.
The Red Devils have splashed out £730m on the likes of Paul Pogba, Alexis Sanchez, Romelu Lukaku, Nemanja Matic, Harry Maguire, Bruno Fernandes, Aaron Wan-Bissaka and Fred.
Manchester United have spent £730m but recouped just £215m from player sales
But they have made just £215m from selling surplus players – so it’s no wonder their transfer strategy has shifted towards younger talent in recent times.
Barcelona are third with a deficit of £413m, having spent a staggering £1bn-plus on the likes of Philippe Coutinho, Ousmane Dembele, Malcom, Arthur, Frenkie de Jong and Arturo Vidal.
They are followed by Paris-Saint Germain (£400m) and Inter Milan (£338m) – and then perhaps surprisingly by Everton (£303m) and…