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Football, Finance and the Future: A Bubble About to Burst?
Higher revenues - Do they stay in the game?
The following table shows that transfer spending has risen over the late 1990s, by nearly 40% in the two seasons shown (between 1997-98 and 98-99.)
|
(£ million) 1997 - 98 |
(£ million) 1998 - 99 | |
| English clubs' spend on transfers | 227.9 | 316.9 |
| Transfer money going abroad | 70 | 142.2 |
| Premiership spend on transfers from Nationwide Football League | 1.5 | 27.5 |
This data also indicates that, of the total expenditure by English professional clubs on transfers, 45% was devoted to bringing foreign players into the country.
