After another transfer window where Premier League clubs outspent their European rivals, fresh data has revealed the huge spending by football clubs on transfers over the past five seasons.
Unsurprisingly, it’s the Premier League that lead the way with nine of the top ten all being from the division.
But where do Newcastle United rank? And how does their spending over the past five seasons, taking into account pre and post-takeover transfer windows, compare with the biggest clubs in the continent?
Here, using data from CIES Football Observatory, we take a look at the 25 clubs with the highest net spend since 2018/19 and rank them to find out the biggest spenders in that time.
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(note: all figures have been converted from € to £)
13. Southampton
According to CIES Football Observatory, Southampton have a net transfer spend of -£209m since 2018/19. Photo: Alex Livesey
14. Leeds United
According to CIES Football Observatory, Leeds United have a net transfer spend of -£214m since 2018/19. Photo: Naomi Baker
15. Nottingham Forest
According to CIES Football Observatory, Nottingham Forest have a net transfer spend of -£217m since 2018/19. Photo: Clive Mason
16. Barcelona
According to CIES Football Observatory, Barcelona have a net transfer spend of -£228m since 2018/19. Photo: JOSEP LAGO