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 reinforced their position in Europe's financial hierarchy, placing second among the Big Five leagues. In Italy, football has been a difficult year, but ahead of the transfer window closing on September 1, Serie A clubs have been working to solidify their financial standing. According to German website Transfermarkt, Italian clubs spent over one billion euros, outpacing La Liga and the Bundesliga.
The 20 Serie A clubs are collectively in the red, losing almost €430 million this summer, compared to Spain's €300 million loss. While the term "Big Five" is misleading, English clubs have spent the most, with over €3.2 billion, while all other leagues combined spent less. The second leg of the Serie A season starts Friday with AC Milan, the club's biggest spender, hosting Venezia.
Milan, who signed Goncalo Ramos for €74 million from Paris Saint-Germain, has spent nearly €160 million, just ahead of Juventus. AC Milan's Portuguese coach Ruben Amorim hasn't ruled out further acquisitions and emphasized the importance of developing young talent. Despite Italy missing the World Cup, the majority of Serie A's top spenders, including Milan, Inter Milan, Juventus, Roma, and Napoli, all won on the opening weekend.
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