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 £)
25. Arsenal
According to CIES Football Observatory, Arsenal have a net transfer spend of -£483m since 2018/19. Photo: Stuart MacFarlane
26. Manchester United
According to CIES Football Observatory, Manchester United have a net transfer spend of -£595m since 2018/19. Photo: Matthew Peters
27. Chelsea
According to CIES Football Observatory, Chelsea have a net transfer spend of -£665m since 2018/19. Photo: BEN STANSALL