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 £)
17. Fulham
According to CIES Football Observatory, Fulham have a net transfer spend of -£241m since 2018/19. Photo: Clive Rose
18. Liverpool
According to CIES Football Observatory, Liverpool have a net transfer spend of -£278m since 2018/19. Photo: Bryn Lennon
19. Juventus
According to CIES Football Observatory, Juventus have a net transfer spend of -£299m since 2018/19. Photo: Francesco Pecoraro
20. Wolves
According to CIES Football Observatory, Wolves have a net transfer spend of -£315m since 2018/19. Photo: Naomi Baker