Premier League clubs completed the second-highest spending January in history – with a total of £302m spent – as Tottenham made the biggest moves on deadline day.
A total of 12 Premier League transfers on deadline day took spending to the highest total since 2018’s £430m as clubs appear to have recovered from the effects Covid had on finances.
The total expenditure was £218.7m higher than last winter’s total and produced a £143.2m net spend after teams recouped around £159.7 on player sales.
Premier League clubs’ net spending of £180m is the highest since the January transfer window was introduced in 2003.
Liverpool signed the most expensive recruit during the window, with Luis Diaz costing £49m while Newcastle emerged as the window’s most spendthrift club with a £93m spree.
Everton came closest to matching the Magpies with their £56m while Liverpool were the third-biggest spenders with £49m, followed by Aston Villa (£27m), Tottenham (£20m), Manchester City (£14.2m), Brighton (£14m) and Burnley (£12m).
Crystal Palace (£10m), Wolves (£4.5m) and Watford (£3.5m) were among a band of three frugal teams spending £10m or less. However, nine teams refrained from spending a penny.