La Liga Santander teams have rarely shown much appetite to spend in the summer market, yet as the fiscal gap between the Spanish top flight and Premier League has closed ever so slightly, teams have been prepared to gamble on new players.
Miami, Fla. (Monday September 9, 2019) – Photos: KE Russo
LA LIGA: Looking At The Summer Transfer Window
On September 2, 2019, the summer transfer window closed for Spanish club’s. This report highlights some facts and figures from the transfer ñwindow involving Spanish top flight clubs. Statistics about fees is sources from Transfermarkt. This is not always exact due to the fact that the reporting of transfers by the media is not consistent and even the clubs involved will quote different figures depending on how a deal is structured. Disclaimers aside, it is a good source of information.
Total Euros Spent by La Liga Clubs – €1,319,620,000
On the purchasing side, over one billion Euros was a new record for La Liga in one transfer window. Real Madrid were the highest spenders, and the amount spent was also aided by the Antoine Griezmann and João Félix deals.
The record spending would have been even higher, probably in excess of €1.5 billion, if a couple of rumoured transfers had actually been completed, such as Neymar returning to FC Barcelona, or Paul Pogba and/or Tottenham’s Danish forward Christian Eriksen to Real Madrid.
The Big Three’s Impact On The Numbers
Barcelona, Real Madrid and Atletico Madrid disbursed a massive €806m in this transfer window. In third place was Atlético de Madrid, where the bulk of their spending, €126 million, was paid to Sport Lisboa e Benfica for João Félix, making the young Portuguese striker the most expensive Atlético signing of all time, and the most expensive Portuguese player signing ever. (You heard that right, Cristiano fans.) The big three clubs’ combined spending amounted to 61% of the money spent by La Liga clubs, with the other 17 sides spending just under €514m.
The fourth place spender was Sevilla Football Club, who accounted for a good portion of that €514m by spending almost €159m on new players.
Top Four Widen Their Margin
Including Sevilla FC along with the top three results in the combined percentage of the total spent being increased to 72.8 %, going back to an older theme of larger polarisation. All of the top spenders broke their respective club records.
Total Money Recouped by La Liga Clubs – €1,026,720,000
On the selling side of the market, Spanish top flight clubs also recouped over €1 billion during this transfer window, meaning that the total net spend is less than €300m, which averages out to under €15m per club. Take out Barcelona and Real Madrid and that total net spend for the league reduces to just €17m (less than €1m per club on average). Compared to the Premier League, where mid-table and bottom half sides are capable of spending large sums on individual players, the same cannot be said for mid-table La Liga clubs. Though the smaller clubs are packing a bit more of a finncial punch these days, it is at a lower spending level than the Premier League.
Biggest Spenders –
Rank (Spain) Club Rank in Europe
- Real Madrid (€307.5m) 1st
- Fútbol Club Barcelona (€255) 2nd
- Atlético de Madrid (€243.5) 3rd
- Sevilla Football Club (€158) 7th
Real Madrid were the biggest spenders in this transfer window with Barcelona (€255m) and Atletico Madrid (€243.5m) close behind. Los Blancos were quick to open their coffers with deals to obtain Eden Hazard, Luka Jovic, Éder Militão and Ferland Mendy, who combined for a bill of over €40m.
Lowest Spenders – Athletic Club Bilbao (€0m)
Athletic Club were the only club who didn’t spend any money this summer with the club’s famous ‘Basque only’ policy always affecting their dealings. Iñaki Williams signed a nine-year contract (practically unheard of anymore) which allowed Athletic to at least not lose their biggest player. The next lowest spenders were Real Valladolid who only signed one player on a permanent deal – Pablo Hervias for €1m from Eibar.
Most Money Received from Sales – Atletico Madrid (€313.1m)
The keys to Atlético de Madrid’s revenue from sales were the transfers of Antoine Griezman (€120) to Barcelona, Rodri (€70m) to Manchester City, Lucas Hernández (€80m) to Bayern München, and Portuguese winger Gelson Martins (€30) to Monaco. Combined these four sales generated €300m in cash to reinvest in the club. This helped to offset Atlético Madrid’s refusal to offer new longer term contracts to their ageing defenders, which resulted in Diego Godín, Filipe Luis and Juanfran all leaving for free.
Barcelona were next in this category with €156.4m coming in as Jasper Cillessen, Malcom Oliveira, Andre Gomes, Paco Alcacer and Denis Suárez all departed, while they also received an €8.5m loan fee from Bayern for Philippe Coutinho.
Most Expensive Signing – João Félix (€126m)
As mentioned, at €126m, João Félix was the most expensive signing by a La Liga club in this transfer window. However there were a couple of others that came close, with Antoine Griezmann moving to Barcelona for €120m and Eden Hazard arriving at the Bernabeu from Chelsea for €100m. Again, the exact figures may ultimately vary depending on add-ons and the success the players have at their new clubs. Those three deals were also the most expensive anywhere in Europe this summer, with Harry Maguire’s transfer to Manchester United the next highest.
Most Signings – Mallorca & Leganes (14)
Mallorca and Leganes top the list for most signings with 14. This does not include players who have been bought and then sold or bought and immediately loaned out. Thus the actual number of ‘new’ arrivals those is much lower given that both clubs have been very active re-signing players who they had on loan last season. In terms of the highest turnover of players, Sevilla come out clearly on top with 13 new signings, none of whom were at the club last season.
Biggest Net Spenders – Real Madrid (€177.5m)
Not surprisingly, Real Madrid were the biggest net spenders. While Mateo Kovacic, Marcos Llorente, Raul de Tomás, Theo Hernández and Keylor Navas all left for €15m+ fees, they failed to find a buyer for Gareth Bale or James Rodriguez, two of their biggest earners. As a result, it was difficult for the club to finance any move for Paul Pogba or Neymar. While writers may say it was a “so-so” window for Los Blancos, the proof will ultimately come with results on the pitch. Barcelona finished with a net spend of €98.6m while Sevilla also spent over €50m more than they recouped.
Biggest Net Profit – Atletico Madrid (€69.6
Surprisingly, given Atlético de Madrid smashed their transfer record on João Félix, the third most expensive player of all time, they still managed to end up with the largest overall transfer profit of any club in La Liga. Villarreal and Espanyol also clocked up net transfer profits of over €40m. In the case of the Yellow Submarine, there was perhaps some need to be profitable after a well below par season deprived them of the revenue the Europa or Champions League will bring. However Espanyol are in the Europa League for the first time in 13 year, although they suffered losses during the summer with Borja Iglesias following coach Rubi to Real Betis, and Mario Hermoso going to Atlético. On the incoming side, Argentine left winger Matías Vargas arrived from Vélez Sarsfield (€10.5m) and central defender Fernando Calero (€8.0m) from Valladolid were the main additions Given early results like a 3-0 drubbing at home by newcomers Granada CF on September 1, they could have used more help.
Club Net Transfer Spend (€m)
Real Madrid -177.5 Barcelona -98.6 Sevilla -57.6 Valencia -30 Real Betis -26.3 Leganes -19.5 Osasuna -13.5 Real Sociedad -11.8 Levante -8.8 Mallorca -7 Granada -7 Getafe -6.8 Celta Vigo -3.3 Athletic Club 0 Real Valladolid +7 Alaves +7.2 Eibar +9.9 Villarreal +40.2 Espanyol +40.5 Atletico Madrid +69.6
How do La Liga Figures compare to the Premier League & Serie A?
Speculation was that La Liga could possibly out spend the Premier League this summer. However, with European windows now shut, that ultimately was not the case. Premier League clubs total spent a total of €1.55bn, over €200m more than the equivalent figures in La Liga. Regarding net spending the gap is wider, with Premier League clubs spending €732m more than they recouped compared to a net spend of less than €300m in La Liga. Even if Real Madrid had pulled off a late mega-deal for Paul Pogba and Barcelona had signed Neymar, it still likely would not have been enough to catch the Premier League. A closer comparison is between that of La Liga and Serie A. Italian top flight clubs paid out €1.18bn on new signings, marginally less than Spanish clubs. However their net spend was in fact greater (€328m), due to Serie A clubs recouping less money from player sales. Thus, as was the case last season, La Liga’s net transfer spending this summer was only the third highest in Europe, again behind the Premier League and Serie A.
Here is an excellent graphic found in Transfermarkt that compares the transfer balances around the world’s leagues:
The European Transfer Market for this summer was also a topic discussed at SoccerEx Europe 2019, which took place last week in the Lisbon suburb of Oeiras. Further insights are included in a new release of the Football Transfer Review 2019 by Prime Time Sport. The report was presented by Esteve Calzada, CEO of Prime Time Sport.
See the players who arrived and departed each club across Spain’s Top Two Divisions:
Todas las novedades del mercado de fichajes del verano 2019:
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