While a consultation was opened following the regulatory changes requested by the Court of Justice of the European Union in the context of the ‘Diarra’ case, the 481st CIES Football Observatory Weekly Post presents the financial statements* of the transfer operations carried out over the last decade by the clubs of the world's main leagues.

The analysis highlights the Premier League's unique status as a provider of funds for teams around the world. The clubs in England's top flight have indeed accumulated a net deficit of €11.6 billion over the last ten years, far more than the two other leagues with the most negative balance sheets: the Saudi Pro League (-€1.8 billion) and Italy's Serie A (-€1.5 billion).

In contrast, the Portuguese Primeira Liga is the competition whose clubs have financially most benefited from transfer deals over the last ten years (+€2.4 billion), ahead of the Dutch Eredivisie, the Brasileirão and the English Championship (all around +€1.5 billion). Any future drop in transfer fees could therefore mainly affect teams in these leagues.

* The figures published include fixed transfer fees, any add-ons regardless of whether they have actually been paid, as well as sums paid in the context of paying loans. Within the limits of available information, the data on beneficiaries considers sell-on fees negotiated by previous clubs.

>>> More data, including for clubs, in this report.