American Football

Premier League January spending reaches $2 billion despite risk involved

So why does spending continue to rise?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.READ: Manchester United will ban 'for life' fans found guilty of attacking Ed Woodward's houseREAD: China delays start of football season as Wuhan coronavirus cases top 7,000

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 burned in the past.In 2011, the club parted with a then club record fee of $45 million for Andy Carroll, who went on to score just 11 times for the club before being sold at a significant loss to West Ham.There have been success stories, too, but these still come at a huge cost.Manchester City signed Aymeric Laporte for a club record $74.8 million in January 2018, though the French defender proved a priceless acquisition as he helped the club clinch the Premier League title in his first six months in England.In the same window, Liverpool paid a world record fee for a dRead More – Source