Premier League net spend rank over the last five years
Liverpool lead from the front this summer, but the Reds are still playing catch-up when it comes to net spend over the last five seasons.
We've ranked the 10 highest-spending Premier League teams since 2021/22.
Premier League net spend rank over the last five years
10. Nottingham Forest five-year net spend: -£159.62m
Nottingham Forest have thrown plenty of cash at consolidation since being promoted back into the Premier League in 2022. It's an investment that has paid dividends, as Forest prepare for their fourth consecutive Premier League campaign and first in Europe since 1995 this season. So far this summer, Nuno Espirito Santo's side have brought in a profit of around £72m.
9. Crystal Palace five-year net spend: -£162.96m
Crystal Palace have invested £162.96m over the last five seasons. The Eagles made a small profit last summer after the sales of Michael Olise and Joachim Andersen, but managed to end the campaign with FA Cup glory, the club's first-ever major trophy.
8. West Ham United five-year net spend: -£271.55m
There's a significant jump up to eighth with West Ham having spent £271.55m net in the five-year period. That investment has helped the Hammers into Europe on a regular basis, culminating in their 2023 Europa Conference League triumph.
However, the purse strings have tightened up this summer. It's a sell-to-buy policy in East London this window, with Mohammed Kudus sold to Spurs (£55m) to free up funds.
7. Manchester City five-year net spend: -£322.86m
Manchester City are often branded as big spenders, and while that is true, the Citizens have also become elite sellers in recent years.
Pep Guardiola's side have brought around £500m in sales during the five-year period, with only Chelsea and Brighton recouping more.
6. Newcastle United five-year net spend: -£358.6m
Newcastle United have been frustrated with their business over the last two seasons, with criticism of the Premier League's Profit and Sustainability rules. The Magpies, however, are the sixth-highest spenders in the league since 2021/22, an investment which has taken Eddie Howe's side from strugglers to the Champions League.
5. Liverpool five-year net spend: -£400.32m
Liverpool lead from the front for spending this summer, including the £116m British record deal for Florian Wirtz. The Reds have, somewhat uncharacteristically, spent big this summer after several seasons of comparatively modest investment.
Last season, the Merseysiders made a profit of £29.14m before going on to win the Premier League title. Coupled with a new kit deal with adidas, the spending looks set to continue. A second British record move, for Newcastle's Alexander Isak, is expected.
4. Tottenham five-year net spend: -£529.42m
Tottenham Hotspur are fourth for investment over the last five years and will hope to see substantial improvement for that outlay in 2025/26. Thomas Frank has replaced Ange Postecoglou, who was sacked after a dismal 17th-place finish last season. Europa League success was a notable silver lining, but not enough to save the Australian.
3. Arsenal five-year net spend: -£540.87m
Arsenal edge out their North London rivals for third place with a net spend of £540.87m. That figure is set to swell imminently, as the Gunners close in on Viktor Gyokeres for an initial fee of £55m.
2. Manchester United five-year net spend: -£658.14m
A new recruitment team will hope to get significantly more out of a Manchester United side that has had the second-highest investment of any Premier League team since 2021.
The Red Devils have a net spend of more than £650m, but have finished in the top four just once in that time. Last season's 15th-place finish was the club's lowest for 51 years.
1. Chelsea five-year net spend: -£766.51m
Chelsea are by far the biggest spenders in the Premier League with £766.51m net since 2021. The West Londoners' expenditure equates to around £1.52bn, which is almost twice as much as Manchester United (£869m) and Manchester City (£823m), who are the next highest spenders. Chelsea's £758m recouped from sales is a Premier League high.
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