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Transfer Deadline Day 2023: Premier League Breaks Record As Summer Spending Reaches £2.36bn
Another record-breaking transfer window closed on Friday after a busy summer in which Premier League clubs spent £2.36bn on new players.
The combined outlay of the 20 clubs during the window smashes the previous spending record of £1.92bn set last summer by £440m, according to financial services firm Deloitte.
Premier League clubs spent £255m on deadline day alone, which is more than double the £120m spent on the final day of last summer’s window.
That means the 2023-24 season already has the second-highest transfer spend ever after last season’s £2.73bn – with the January window still to come.
Other records include:
- Premier League transfers accounted for 48% of total spending across the ‘big five’ European leagues – La Liga, Serie A, Bundesliga and Ligue 1
- Premier League clubs received £550m in transfer fees from overseas clubs, more than double the previous record of £210m in the summer of 2022
- With the exception of Spain’s La Liga, gross transfer spend increased in all of Europe’s ‘big five’ leagues
- Only two of Europe’s ‘big five’ leagues spent more on transfers than they received – the Premier League and Ligue 1
- There were 13 Premier League transfers valued at £50m-plus, which is more than the previous two summer transfer windows combined.
Tim Bridge, lead partner in Deloitte’s Sports Business Group, said: “A second successive summer of record spending by Premier League clubs suggests that year-on-year revenue growth could return following the pandemic.
“Nearly three-quarters of Premier League clubs (14) spent more this summer than the last, reflecting the increased intensity of competition.
“There continues to be pressure on clubs to acquire top talent to satisfy their on-pitch objectives, whether that’s qualifying for European competition or simply maintaining their position in the Premier League.”
What deals were done on deadline day?
In the biggest Premier League deal of deadline day, Manchester City signed Portugal midfielder Matheus Nunes from Wolves for £55m, while the Treble winners sold Cole Palmer to Chelsea for £40m.
Manchester United brought in goalkeeper Altay Bayindir from Fenerbahce for £4.5m, midfielder Sofyan Amrabat on loan from Fiorentina, full back Sergio Reguilon on loan from Tottenham and free agent Jonny Evans on a one-year deal.
Nottingham Forest were the busiest club, signing seven players including midfielder Ibrahim Sangare from PSV, winger Callum Hudson-Odoi from Chelsea and midfielder Nicolas Dominguez from Bologna.
Other notable deadline day deals included:
- Ryan Gravenberch from Bayern Munich to Liverpool for £34.3m
- Ansu Fati from Barcelona to Brighton on loan
- Brennan Johnson from Nottingham Forest to Tottenham for £45m
- Alex Iwobi from Everton to Fulham for £22m
- Clement Lenglet from Barcelona to Aston Villa on loan
- Albert Sambi Lokonga from Arsenal to Luton on loan
- Mason Greenwood from Manchester United to Getafe on loan
- Rob Holding from Arsenal to Crystal Palace for £4m
- Luis Sinisterra from Leeds to Bournemouth on loan.
What were the big transfers of the summer?
There were two transfers that hit the £100m mark this summer. Chelsea signed midfielder Moises Caicedo from Brighton for a £100m fee that could rise to a British club record of £115m, while Arsenal bought England midfielder Declan Rice from West Ham for £100m plus £5m in add-ons.
Along with deadline day signing Nunes, Manchester City bought defender Josko Gvardiol for £77m from RB Leipzig, winger Jeremy Doku from Rennes for £55.4m and midfielder Mateo Kovacic, who arrived for £25m from Chelsea.
Manchester United signed Denmark striker Rasmus Hojlund for £72m, while fellow Champions League side Newcastle United brought in Italy midfielder Sandro Tonali for £55m and Leicester forward Harvey Barnes for £38m.
As well as Rice, last year’s Premier League runners-up Arsenal added Kai Havertz from Chelsea for £65m and Ajax defender Jurrien Timber for £34m.
Liverpool strengthened their midfield with moves for Dominik Szoboszlai from RB Leipzig for £60m, Alexis Mac Allister from Brighton for £35m and Wataru Endo from Stuttgart for £16.2m.
Best deals from around Europe
Two of the biggest transfers in Europe this summer involved England players.
Three Lions captain Harry Kane joined Bayern Munich from Tottenham for £86.4m, while midfielder Jude Bellingham moved to Real Madrid from Borussia Dortmund for £88.5m.
Barcelona signed Ilkay Gundogan on a free transfer after the midfielder left Manchester City, before sealing deadline-day loan moves for City defender Joao Cancelo and Spain forward Joao Felix from Atletico Madrid.
The most expensive deal of deadline day was Paris St-Germain’s capture of France striker Randal Kolo Muani from Eintracht Frankfurt for £64.2m plus £12.8m in add-ons.
Chelsea top spending league
This was Chelsea’s third transfer window under new owner Todd Boehly and their spending showed no signs of slowing down.
The London club spent more than £380m on 10 players in this transfer window, more than any other side in Europe. The highest summer spend by any club in the world before now had been Real Madrid’s £292m spree in 2019.
Chelsea’s outlay on players across three transfer windows since Boehly took charge is now close to £1bn.
Their spending this summer has been partially offset by significant player sales, with nine players leaving on permanent deals, including Havertz to Arsenal and Mason Mount to Manchester United for an initial £55m.
Saudi Arabia flexes financial muscle
The Saudi Pro League spent heavily on an array of global stars, including Neymar and Karim Benzema, as the Saudi authorities pushed to make the league one of the most competitive in the world.
Saudi Arabia’s Public Investment Fund recently took over four of the country’s top teams – Al-Ittihad, Al-Nassr, Al-Hilal and Al-Ahli – while the other 14 top-flight clubs have some big-name players too.
According to Deloitte, Saudi Pro League clubs have so far spent £690.55m (805m Euros), with £245m of that on Premier League players.
It makes the league the fourth-highest spending in the world this summer, behind the Premier League, Ligue 1 and Serie A.
And there could yet be more big-money moves too, with the Saudi transfer window not closing until 7 September – and Al-Ittihad having had a £150m bid for Mohamed Salah rejected by Liverpool.
“The emergence of more active participants in the global transfer market has the potential to accelerate clubs’ efforts to establish financially sustainable business models,” said Calum Ross, assistant director in Deloitte’s Sports Business Group.
“In this summer’s transfer window, clubs who have sold players to those from emerging international leagues have then gone on to spend receipts with a large number of other clubs, both within and outside of the Premier League.
“This distribution of the new flow of funds into the market will be key to ensuring the financial benefits of a more active global market are enjoyed across the board, serving to reduce rather than widen any existing gaps.”
Some of the notable departures from the Premier League for Saudi Arabia include Newcastle winger Allan Saint-Maximin and Manchester City’s Riyad Mahrez joining Al-Ahli, Wolves captain Ruben Neves moving to Al-Hilal, Manchester City defender Aymeric Laporte joining Al-Nassr and Liverpool captain Jordan Henderson moving to Al-Ettifaq.
The ones that got away
Despite millions of pounds being spent, there were still some deals that did not materialise.
PSG gave Saudi Arabian side Al-Hilal permission to talk to Kylian Mbappe after making a world-record £259m bid, but the striker opted to stay at the French champions – while Al-Ittihad’s £150m offer for Salah was turned down.
Joao Palhinha had agreed terms with Bayern Munich and even flew to Germany to have a medical on deadline day, but Fulham were unable to strike a deal with the Bundesliga champions and the move collapsed.
The renewed agreement reinforces the longstanding partnership between the artist and the label. It positions Chadreek for the next phase of his career with enhanced support across music production, distribution, marketing, and international expansion.
Known for his smooth vocal delivery and consistent output, Chadreek has steadily cultivated a dedicated following through standout records including Ori Mi (featuring Seyi Vibez), Better Dayz, Awure, and his earlier project No Bad Vibe. The renewed deal is expected to accelerate his momentum as he prepares new music and broadens his presence across Africa and global markets.
A source close to the camp confirmed that both parties are fully aligned on a clear vision for the artist’s next chapter, with a strong emphasis on high-quality releases and strategic growth.
This renewal marks another significant milestone in Chadreek’s journey as he continues to establish his place within the Afrobeats landscape.
About Chadreek
Chadreek is a Nigerian singer and songwriter signed to SauceBoi Music. He is recognised for his distinctive voice and a growing catalogue of Afrobeats records that blend melody, emotion, and street energy.
About SauceBoi Music
SauceBoi Music is a UK-based record label committed to developing and promoting talent across the Afrobeats and broader African music scenes.
Josh2Funny’s Album Has Fans Talking — But Should He Stick To Music Or Skits? 😂🎶
Nigerian comedian and content creator Josh2Funny has taken his comedy game into music, and Nigerians are definitely having something to say about it.
The comedian released his 15-track album, “On Behalf of Josh,” on July 10, 2026, but instead of fading away after release, the project has continued to generate conversations on X.
And the big question now is:
Should Josh2Funny continue with music or go back to skits? 😂
Fans have been divided. While some listeners openly criticized the album and told him to return to comedy, others found songs they genuinely enjoyed.
One X user joked:
“Josh2Funny stopped doing skits and started music, Everybody wan chop this music money 😂”
Another simply said:
“This Josh2Funny Album no enter make he just go back skit abeg 😂”
But then came “Lembe.” 🔥
The track caught fire on X and eventually became a trending topic in Nigeria. The #LembeChallenge also gained momentum as creators began jumping on the song.
Josh2Funny later announced ₦1 million for winners of the challenge, giving the song another major push.
And it didn’t stop there.
‘INTERNATIONAL’ FT. ICE PRINCE ALSO TRENDED
On another day, “International” featuring Ice Prince generated its own buzz on X.
One fan even called it their favourite song from the album, while praising the collaboration. The post itself pulled thousands of views, showing that people weren’t only talking about Lembe.
From album criticism to trending songs and challenges, “On Behalf of Josh” has kept Josh2Funny’s name in the conversation.
Whether you love the album or think he should return to skits, one thing is clear:
Josh2Funny has succeeded in getting Nigerians talking. 😂🔥
So, let’s settle this once and for all:
Should Josh2Funny continue with MUSIC 🎶 or return to SKITS 😂?
Music or Skits? Drop your answer! 👇
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