Why did Premier League teams spend less money on transfers this summer?

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10:53 AM ETGabriele MarcottiSenior Writer, ESPN FC For all the talk of financial might, this summer’s transfer window saw the Premier League’s collective net spend fall by more than 25%.Whether you use Transfermarkt figures (showing a drop of 24%, from €1.019 billion to €774 million) or the numbers put out by Deloitte (a fall of 26.4%, from £850m to £625m), it’s pretty clear that 2019 saw a sharp U-turn in spending compared to years past. In fact, Deloitte says this was the lowest net spend since the summer of 2015, which is rather remarkable when you consider that Premier League revenues have risen by 22% since then. And bear in mind, the window has closed in England but remains open elsewhere, which means that the net spend number can only go one way: down.- Premier League fixtures 2019-20 in full
– Transfer Tracker: All the major deals
– Marcotti: Anatomy of a transfer story
– Transfer Grades: Rating every big transferEven more remarkable is net spending by the Premier League’s wealthiest clubs: Manchester City, Liverpool, Chelsea, Tottenham, Arsenal and Manchester United. They have traditionally driven spending, as you would expect, yet collectively, in the summer of 2019, their net spend is around £241m. Because that number can only go down in the next three weeks, don’t be surprised if we end up with the lowest Big Six net spend since the summer of 2012.To give you an idea about how long ago that was, Sir Alex Ferguson was managing Manchester United and signing Robin Van Persie to wi

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