Premier League spending in January fell for the first time since 2012 as a quiet month culminated with a fairly uneventful deadline day.
Twelve transfers on Thursday came to a total of £50m, with Miguel Almiron's record-breaking move to Newcastle and Jonny's permanent transfer to Wolves accounting for more than half that figure.
We are delighted to announce the signing of forward Miguel Almirón from @ATLUTD.— Newcastle United FC (@NUFC) January 31, 2019
The 24-year-old has penned a five-and-a-half-year deal which will keep him at St. James' Park until June 2024.
Full story: https://t.co/5NxxCEHhNx #NUFC pic.twitter.com/a5MV5QBTum
According to figures from the Sports Business Group at Deloitte (via BBC Sport), Premier League clubs spent just £180m in January, less than half what they forked out 12 months ago.
On that occasion, £430m was spent throughout the month, with £150m changing hands on deadline day alone.
This drop in spending mirrors last summer, which saw the first dip in spending since 2010.
- Chelsea's signing of Christian Pulisic from Borussia Dortmund was by far the most expensive of the month, with his £58m fee being almost three times that which Newcastle paid for Miguel Almiron (the second most expensive deal).
- The signing of Pulisic, coupled with Liverpool's £19m sale of Dominic Solanke to Bournemouth, means that Chelsea now have the highest net spend in the Premier League this season (£145m to Liverpool's £136m).
- The signings of Solanke from Liverpool and Chris Mepham from Brentford for a combined £31m makes Bournemouth the second-highest January spenders.
Everton, Liverpool, Manchester United, Southampton and Tottenham were the five Premier League teams who did not make any signings during January.
- A further five teams - Arsenal, Burnley, Leicester, Southampton and West Ham - did not spend any money, only making loans and free signings.
- After becoming the first Premier League team in the transfer window era to make no summer signings, Tottenham's lack of business in January means that it is now more than a year since their last addition.
- Newcastle finally broke their transfer record after 14 years with the £20m purchase of Almiron. The longest-standing transfer record in the Premier League now belongs to Manchester United, who spent £89m on Paul Pogba in 2016.
- Apart from Newcastle, Cardiff was the only other Premier League side to break their transfer record in January.
- Three of the seven most expensive signings were immediately loaned back to their previous club - Pulisic, Alexis Mac Allister (Argentinos Juniors to Brighton) and Ante Palaversa (Hajduk Split to Manchester City).
- Despite the relatively quiet transfer window, the Premier League was still the highest-spending league in Europe.
- The net spend across both transfer windows comes to £1.4bn, the second highest total for a Premier League season after the £1.9bn spent in 2017/18.
- The Premier League remains the biggest importer of overseas talent, with 74% of signings made over the last two transfer windows coming from abroad.