While it may not come as a surprise to many, the overall transfer spending this past January in Serie A saw a dramatic decrease from the previous year.
According to a January transfer window report from Deloitte, Italy’s top flight reported the steepest year-on-year decline in gross transfer spend, falling 84% from €185 million in January 2022 to €30 million in January 2023.
In fact, last month was the lowest spend by the league since 2006—a worrying trend that’s becoming more noticeable due to the Premier League’s ever increasing spending power.
Clubs from the UK’s top football flight spent a recording-breaking €915 million this past January, nearly 3x more than the previous winter transfer window.
The report cites negative growth in broadcast rights plus the dramatic financial impact made by the COVID-19 pandemic as the driving factors behind the gulf in spending power.