# Top 10 Football Clubs with the Biggest Transfer Spending in 2023

URL: https://technosports.co.in/top-10-football-clubs-biggest-transfer-spending/  
Published: 2024-04-01  
Updated: 2024-04-01  
Author: Rahul Roy

- **Newcastle United **have** spent 15.8% (£99.76 million) **of their **current value **(and 52.3%, £190.84 million, of their revenue) **on transfers – the most out of all clubs.**
- **Aston Villa **are **second, spending 12.6% (£75.68 million) **of their **current value.**
- **Arsenal’s Declan Rice and Kai Havertz comprise 81.5% **of** Arsenal’s total 2023 transfer spend.**
- **Everton’s current value **is the **lowest in the top 10**, but they have spent less than Newcastle on transfers.
- **Borussia Dortmund is the only publicly traded club in the top 10.**

Last summer’s football transfer window has seen clubs spending record sums on new talents, with the likes of Arsenal spending over £100M on Declan Rice**,** who’ll be earning £250,000 a week, over four times his West Ham wage. But which other teams invest the most in their players overall? 

Interested, the [experts ](https://www.cityindex.com/en-uk/)analysed data from Deloitte to establish which of the top 30 football clubs invest the most of their revenue and current worth from** player transfer activities.**

## Top 10 Football Clubs with the Biggest Transfer Spending in 2023

| **Rank** | **Team** | **Current Value (GBP Millions)** | **Revenue (GBP Millions)** | **Expenditure (GBP Millions)** | **Transfer Spend (% of Revenue)** | **Transfer Spend (% of Current value)** |
| --- | --- | --- | --- | --- | --- | --- |
| **1** | Newcastle United | £631.35 | £190.84 | £99.76 | 52.3% | **15.8%** |
| **2** | Aston Villa | £601.34 | £189.21 | £75.68 | 40.0% | **12.6%** |
| **3** | Everton | £591.62 | £192.56 | £67.25 | 34.9% | **11.4%** |
| **4** | Arsenal FC | £1,797.48 | £389.86 | £199.18 | 51.1% | **11.1%** |
| **5** | Crystal Palace | £640.64 | £170.12 | £40.08 | 23.6% | **6.3%** |
| **6** | Borussia Dortmund | £1,530.87 | £320.54 | £89.96 | 28.1% | **5.9%** |
| **7** | AC Milan | £1,109.45 | £237.80 | £60.63 | 25.5% | **5.5%** |
| **8** | Tottenham Hotspur | £2,227.50 | £470.18 | £117.22 | 24.9% | **5.3%** |
| **9** | Paris Saint-Germain | £3,345.55 | £587.49 | £137.18 | 23.3% | **4.1%** |
| **10** | Chelsea FC | £2,468.31 | £510.43 | £96.32 | 18.9% | **3.9%** |

**Newcastle United **is the football club that spent the most of its current value of **£631.35 million** on transfers in 2023, at **15.8%. **The club made headlines when they signed midfielder **Sandro Tonali **from AC Milan in July for **£56.2 million **which is **almost half **of their total transfer spend. When compared with their revenue, they spent over a quarter just on Tonali alone, and they spent a whopping **52.3% (£99.76 million) on transfers overall last year,** the most out of all clubs on this list. This may be attributed to their investment from the Saudi Arabia Public Investment Fund (PIF) which has owned the club since 2021. 

In** second place **is **Aston Villa,** who spent** 12.6% (£75.68 million)** on new transfers. Their signing of right-winger **Moussa Diaba** from **Bundesliga club Bayern Leverkusen,** cost the club **£48.4 million** equating to** 61%** of their total 2023 transfer spend, and** 24.6%** of their total revenue. Additionally, they spent **40% (£75.68 million)** of their revenue on overall transfers this year.

In **third** is **Everton**, who spent **11.4%** of their **£591.62 million** value on transfers **(£67.3** m**illion). **The club spent a combined **£32.9 million** on new players, equating to **47.2% **of their total 2023 transfer spend. They also spent **34.9% **of their revenue on transfers.

In **fourth** place is **Arsenal.** The club spent **11.1% (£199.18 million) **on transfers, the most out of any club in the top 10. They most notably signed ex-West Ham midfielder **Declan Rice** and ex-Chelsea midfielder **Kai Havertz** for a combined fee of **£168.3 million, **equating to** 81.5% **of their total 2023 transfer spend. Their transfers equate to **51.1% **of their revenue, second to Newcastle who spent **52.3%.**

**Crystal Palace **are **fifth**, who spent **6.3% (£40.08 million) **of their **£640.64 million** current value on transfers such as goalkeeper **Dean Henderson** from Manchester United. Their overall transfer spend equates to **23.6%** of their **£170.12 million **revenue.

### Borussia Dortmund are the only publicly traded club in the top 10

**Borussia Dortmund **occupies the **sixth** spot and is the only publicly traded entity in the top 10. However, despite their public position, they only have the **12th** highest current value and are worth almost **£2.4 billion** less than rivals Bayern Munich.

Clubs that are looking to increase their value could either raise investment through a traditional IPO or merge into a Special Acquisition Company (SPAC) rather than rely on matchday earnings, sponsorships and player transfers to increase their value.

A club that is currently undergoing a SPAC deal is **FC Barcelona,** who recently announced their partnership with Mountain & Co Acquisition Corp to spin off their Barca Vision and audio-visual platforms under a new company called **“Barca Media”.**

### City Index trading expert, Rebecca Catlin offers insight into Barcelona’s new SPAC deal and how football clubs can follow suit:

> *Spanish football club FC Barcelona has announced plans to list its Barca Vision and audio-visual units on the Nasdaq later this year. The plans are for the spin-off to take place through a merger with a special acquisition company (SPAC).*

> *The rationale behind this new spin-off is multifold. Barca Vision was created initially as part of the club’s attempts to save itself from a financial crisis by developing new revenue streams and bringing in sponsorships. Their official website states that ‘This will allow them to access additional financing through the US capital markets and will accelerate the Club’s initiatives across digital and audio-visual sectors’. And that they’ll bring fans closer to the club by using emerging technologies, such as NFTs, to create an engaging fan experience.*

> *Additionally, FC Barcelona and Bridgeburg Invest – the holding company of Barca Vision – are both private companies, so that’s why the Barca Media SPAC has gained attention, as investors can get exposure to a part of the club.”*

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