Transfer window: Premier League spending reaches $2 billion in January, but deals come with a warni…

The arrivals of Bruno Fernandes and Sander Berge to Manchester United and Sheffield United, respectively, took the Premier League’s outgoing this month to $242.7 million.

That figure is a small increase on last season’s $236.2 million but well short of the record $564.25 million spent in 2018.

Since the league’s inception in 1992, it means clubs have now spent a total of $2 billion during the January transfer window.

With the January 2020 deadline at 11pm GMT (6pm ET), that figure is expected to rise even further still.

Overpriced risks

Whether it’s clubs looking to strengthen and challenge for a Champions League place or those looking to bolster their squads in a relegation battle, January signings have often been desperate and overpriced.

Selling clubs, conversely, generally have no intention of losing an influential player midway through the season, so have tended to significantly hike the asking price.

Manchester United, for one, should know better than most about the pitfalls of doing business in January.

Only last season, it reportedly made Alexis Sanchez the Premier League’s highest paid player, welcoming him with a glossy video that featured the Chilean’s impressive piano playing skills.

Unfortunately for the club, those skills were not transferred onto the football pitch.

Liverpool, similarly, has been…

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