The Premier League is also arguably the most competitive compared to other leagues.
Thanks to wealthy club owners and lucrative television deals, Premier League teams are attracting interest from the top ranks. The clubs are also willing to pay a high price to get their target players.
To put things into perspective, the combined value of the 22 teams in the inaugural Premier League season in 1992/1993 was £50 million. Nearly three decades later, that value has swelled more than twenty-fold, albeit with two less teams.
It may come as no surprise that Premier League clubs have become one of the top spenders in the COVID-19 era. Even in the recently closed transfer window, four of the top ten spenders were from the Premier League.
6. Tottenham Hotspur – IDR 4.07 Trillion
Tottenham Hotspur has always been a shrewd operator in the transfer market. Ahead of the 2020/2021 season, Spurs spent big money to fix their defense and midfield. This includes the purchase of Tanguy Ndombele for 54 million pounds (Rp 1.05 trillion). But the result was their worst finish (7th) in 12 years.
Before the quiet transfer market in 2018/2019, Spurs spent a lot of money to bring in Davinson Sanchez, Lucas Moura, Serge Aurier and Fernando Llorente. The London club released Kyle Walker to Manchester City for £47.4 million (Rp932 billion).
After a disappointing seventh-place finish last season, the Spurs have signed the likes of Bryan Gil, Emerson Royal and Pape Sarr this summer. They have also managed to hold on to their talisman, Harry Kane, despite strong interest from Manchester City.
Even though it’s still early in the season, Spurs are the only team to have won all three Premier League games this season. It remains to be seen how Nuno Espirito Santo’s men will face an even tougher test ahead.
Total Spurs spending in the last 5 years: £207 million (Rp4.07 trillion)
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5. Everton – IDR 4.16 Trillion
One of the few clubs who have never experienced relegation from the Premier League, Everton are cool in the 2021 summer transfer market.
But they only finished tenth after a promising start to the season.
Everton spent more than £100 million ahead of the 2019/20 season, but ended up in 12th place. Everton instead released significant players that summer including selling Idrissa Gueye and Nikola Vlasic. A year ago, they signed the likes of Richarlison, Yerry Mina and Lucas Digne for almost £80 million. But Everton did not qualify for Europe then.
In 2017/2018, Everton spent nearly £200 million, signing the likes of Gylfi Sigurdsson, Jordan Pickford, Davy Klaasen and Theo Walcott. They released the prolific Romelu Lukaku for £76.2 million (Rp1.49 trillion) to Manchester United.
Four years later, Everton have not finished in the top five of the Premier League in eight years. It remains to be seen if they can break into the Premier League’s top flight this season under Rafa Benitez.
Total spending in the last 5 years: £212 million (Rp4.16 trillion)
4. Chelsea – IDR 4.7 Trillion
Chelsea beat Premier League champions Manchester City in the 2020/2021 Champions League final. The Blues have become one of the most extravagant clubs in all of Europe, especially in the last two seasons.
The reigning Champions League champions have continued to add players in the last five years. This season, the Blues recorded a negative net spend (-2.1 million pounds). Despite spending more than £100 million to sign Romelu Lukaku, they let go of Tammy Abraham, Kurt Zouma and Fikayo Tomori.
Last summer, despite the COVID-19 pandemic destroying the club’s finances, Chelsea spent more than £200 million in a major overhaul. They recruited Timo Werner, Kai Havertz, Hakim Ziyech, Ben Chilwell and Eduoard Mendy. Five of those six, with the exception of Ziyech, had promising debut seasons for the Premier League giants.
A year earlier, Chelsea spent nearly 200 million pounds (Rp3.92 trillion) to bring in Kepa Arrizabalaga, Christian Pulisic and Jorginho, and offloaded Thibaut Courtois for 31.5 million pounds (Rp619 billion).
They signed Alvaro Morata, Danny Drinkwater, Antonio Rudiger and Olivier Giroud. Except for Giroud and Rudiger, the others mostly failed to make any impact.
The four players were sold for nearly £175 million, which helped the Blues balance their books.
Total spending in the last 5 years: £239 million (Rp4.7 trillion)