In Video: How much will Man United, Chelsea, Aston Villa and Newcastle have to spend this summer?

The First Transfer Window has Come to a Close: What’s Next?

As the first transfer window of the summer comes to a close, football finance expert Kieran Maguire joins us to discuss the implications of the latest transfer activity on Premier League clubs.

Manchester United: Spenders Despite No European Football

Manchester United have made some significant signings this summer, including Matteo Couñago, despite not having European football to fall back on. Kieran explains that the cost of signing a player is often spread over the life of the contract, and the club’s iconic status and loyal fan base help offset the financial issues. Additionally, the club’s losses may not be as significant as previously thought, with reports suggesting that they are using a different company to report their financials.

Chelsea: The Spending Habits of a Powerhouse

Chelsea have invested heavily in their squad, with a team valuation of over £1.5 billion. Kieran highlights the club’s ability to sell players and generate profits, as well as their savvy use of long-term contracts and revenue boosts from their women’s team, car parks, and hotel sales.

Aston Villa: The Club Under Pressure

Aston Villa are the club most concerned about their financial situation, with financial director Johan Lange warning that the club may need to sell players to balance the books. Kieran explains that Villa’s spending has been extensive, and they will need to be cautious in their transfer dealings to avoid falling foul of the Premier League’s financial regulations.

Newcastle United: A Stronger Position

Newcastle United have had a quiet transfer window by their standards, but Kieran believes that they are in a stronger position to spend this summer. The club’s £70 million loss in the 2021/22 season will no longer impact their financial situation, and they are not under pressure to sell players.

The Club World Cup: A Lucrative Incentive

The Club World Cup starts this weekend, with European clubs set to benefit from significant financial incentives for their participation. Kieran highlights the hefty entry fee and potential prize money for clubs that perform well in the tournament.

Crystal Palace: A Europa League Conundrum

Crystal Palace may not be in the Europa League next season, after an administrative error meant they failed to meet the competition’s financial regulations. Kieran believes that UEFA may impose a financial penalty rather than banning the club from European competition, given that Palace have gained nothing on the pitch as a result of their mistake.