In shadow of Premier League, Serie A flexes financial muscle
Transfermarkt puts Italy’s total transfer outgoings at more than one billion euros, far ahead of LaLiga and the Bundesliga.
Serie A clubs have bolstered their presence in Europe's financial hierarchy, positioning themselves as the second-strongest league among the Big Five. In Rome, ahead of the imminent transfer window closing on September 1, Serie A clubs have been actively asserting their financial clout. According to German transfer market site Transfermarkt, Italy's overall outlays exceed €1 billion, dwarfing La Liga's €750 million and the Bundesliga's €800 million.
Collectively, the 20 Serie A clubs are operating at a loss of almost €430 million this summer, compared to Spain's €300 million deficit. While the term "Big Five" may be misleading, English clubs have outspent all others, with a total outlay of €3.2 billion. The second leg of the Serie A season begins this Friday, with AC Milan, now Italy's leading spenders, hosting Venezia.
Milan's €160 million spending, including the acquisition of Goncalo Ramos from PSG, puts them just ahead of Juventus. AC Milan's new manager, Ruben Amorim, remains open to further signings, emphasizing the importance of developing young talent over immediate success.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
