Arsenal, Liverpool boast worst ‘net spends’ in transfer market according to CIES
February 12 – English Premier League leaders Arsenal have recorded the worst net spend in world football across the last two transfer windows, according to the latest weekly study from the CIES Football Observatory.
The release – which ranks clubs globally based on their net transfer results over the current season (summer 2025 and winter 2026 windows) and across the last five years combined – offers an interesting insight into whether clubs are operating through short-length unsustainable bursts in transfer activity or more committed to keeping that net balance down.
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