The curtain was raised on the new 2022/2023 Premier League season on Friday, August 5th. Arsenal defeated Crystal Palace 2:0 in their first match, displaying solid football with new players Oleksandr Zinchenko and Gabriel Jesus in the starting lineup.
The 20 Premier League clubs have spent a total of £1.24 billion on 65 new players so far, already exceeding the spending spree of summer 2021, which was estimated at £1.2 billion after the market closed on August 31, 2021.
Between the opening of the summer transfer window on June 10th and the first Premier League game of the 22/23 season last Friday, August 5th, a total of 65 players changed clubs or joined the Premier League from abroad. Before the Premier League season began, a few clubs publicly admitted that they were not finished with their business and expected more signings.
However, the first round of results is already in, and based on the results, some parties may want to reconsider their stance. So far, each of the 20 Premier League clubs has paid transfer fees for 3.25 new players, totaling £62.23 million spent on reinforcements.
Nottingham Forest have been the most active, paying fees for nine new signings, while Leicester have avoided paying for incoming transfers thus far. 22 players in defensive positions joined Premier League clubs until Friday at 19:59. Midfielders were the most sought after, with 19, forwards with 17, and goalkeepers with 7.
Chelsea has taken a new direction under Todd Boehly, amid a much-discussed and protracted change of ownership. The Londoners were the biggest spenders in the transfer window until Friday 19:59 p.m., when the new season began, spending £167.93 million on five new players.
The Blues’ transfer business is far from over, and a few more players are expected in London before the deadline on September 1st.
Our analyst Sean Foster anticipates that the teams will remain active, adding, “Most of the clubs still need new additions and are not done doing business.” Manchester United, Leicester City, and Chelsea all need new players to compete at the highest level, as evidenced by the first round of games. I’m confident that when the transfer window closes on September 1st, the total transfer fees will easily exceed the £1.5bn valuation, as a few more marquee signings will command high prices.”
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