This summer transfer window is like no other.
The coronavirus pandemic has wreaked havoc with club finances and left the player market in tatters.
The Premier League may be underway but the transfer window will remain open until Monday, October 5.
Clubs will be crunching the numbers to work out whether they can afford to make a big-money signing in the next couple of weeks before the window slams shut.
The answer for most clubs will be ‘no’,
However, for Chelsea, the answer has been ‘yes, yes, yes’ throughout the summer transfer window.
The Blues have spent more than £200 million on the likes of Hakim Ziyech, Kai Havertz and Timo Werner in the last few months and they don’t appear to be slowing down with goalkeeper Edouard Mendy set to arrive, while reports continue to link Declan Rice with a move to Stamford Bridge.
How can they afford it?
Well, Liverpool boss Jurgen Klopp was quick to point out that the pandemic doesn’t seem to have affected some clubs.
“For some clubs, it seems to be less important how uncertain the future is,” he said. “Owned by countries, owned by oligarchs, that’s the truth.”
Is Klopp right?
Well, the brilliant @SwissRamble has revealed how much every Premier League club have benefitted from funding from their owners in the last five years - and it’s no surprise to see Chelsea top.
Roman Abramovich has pumped £440 million into the club over the last five years, far more than any other club.
Everton are second, benefitting from £299 million, while Aston Villa are third with £193 million.
But it’s at the other end that is, perhaps, the most interesting.
Newcastle have paid back Mike Ashley £18 million over the past five years, while Spurs have given £40 million back to Daniel Levy. But just look at Manchester United. They’ve paid £89 million to the Glazers in the last five years.
Swiss Ramble then looked at each club individually.
Talking about Man Utd, he wrote: “#MUFC have paid £209m in last 5 years to fund Glazers’ ownership structure: £120m interest plus £89m dividends. In fact, in last 10 years they spent an extraordinary £838m on financing: £488m interest, £251m debt repayments & £99m dividends. Took out £140m loan since year-end.”
We won’t lie and say we completely understand the financial situation at Old Trafford but £838 million in 10 years paid to the Glazers is just ridiculous.
No wonder United fans want them out!
- Liverpool's spending compared to the rest of the top 6 in the last 4 transfer windows
- Who have the Premier League's top six signed this summer?
- What are the most valuable signings of the summer so far?