NOTE: At the time of recording Premiere League spending was around £2.88 Billion. It's since jumped up to 3.11
A whirlwind transfer window led by the Premier League spending a record £3.11 billion ($4.16 billion) has the soccer arms race skyrocketing to never-before-seen heights. Led by Liverpool’s club-record spend, and highlighted by Alexander Isak’s £125million move from Newcastle, Deadline Day alone witnessed £375 million change hands in just 24 hours.
And just in case you thought we were being hyperbolic when we say the spending is getting crazy, consider this; between recording this episode yesterday, Monday September 1st, and publishing this episode today, Tuesday September 2nd, premiere leagues spending increased even more! The figure at time of recording was £2.88 billion - it went up by almost a quarter of a billion dollars in less than 24 hours!
With fans claiming “game’s gone” over big-money moves and investment from the Middle East, does the Premier League have a spending problem? And if this is a bubble…when will it burst? And what sort of damage will it do when it does?
On this week’s episode of Finance of Football, co-hosts Asli Pelit and Michael LoRé discuss the Deadline Day spectacle and how, if at all, UEFA, FIFA and soccer’s other governing bodies should regulate such spending to create more parity without pricing out the people who matter most - the fans.
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For more, follow Asli and Michael on Instagram
Asli - @brefootcontessa
Michael - @michale.lore
And follow the show…
On Instagram - @financeoffootballpod
On Facebook - /financeoffootball
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The Finance of Football, a Frequency Machine Podcast, is…
Written, Hosted, and Produced by Asli Pelit and Michael LoRé
Editing and Sound Design by Ryan Hammond
Mixing and Mastering by Julian Kwasneski
Executive Produced by Stacey Book and Avi Glijansky
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Check out more of Frequency Machine’s podcasts - including Undercover Sports, a show about the wildest sports conspiracy theories, at frequencymahine.com
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