As the 2024/25 winter transfer window closed, all 20 Premier League clubs took a moment to reassess their strategies for the rest of the season. No further player acquisitions or departures will be made.

The season has been unpredictable: Arne Slot’s smooth transition to Premier League management at Liverpool, Manchester City’s struggles, and notable performances from clubs like Nottingham Forest and Bournemouth have been standout stories.

Looking at each club’s net spend for both the summer and winter windows, we ranked the clubs based on how much they spent and earned from player sales.

20-16:
Brighton & Hove Albion recorded the highest net spend at -£191.34m, followed by Ipswich Town (-£124.89m), Manchester United (-£117.64m), Tottenham Hotspur (-£99.80m), and Manchester City (-£84.80m).

Brighton spent heavily to push for a top-half finish, while Ipswich, in their Premier League debut, struggled with player sales. Manchester United faced challenges offloading players, while Manchester City’s hefty January spend was driven by a difficult season and key injuries.

15-11:
West Ham United, Southampton, Bournemouth, Leicester City, and Arsenal have also seen significant net spends.

West Ham’s £120.23m investment hasn’t yielded the desired results, while Bournemouth has done well with a smaller net spend. Leicester City faced difficulties adjusting to the Premier League, and Arsenal, aiming for the title, spent £90.61m, with a net spend of -£20.88m.

10-6:
Chelsea, Brentford, Fulham, Nottingham Forest, and Wolverhampton Wanderers have been active in the transfer market.

Chelsea’s big spending under Todd Boehly resulted in £210.93m in expenditures, while Brentford and Fulham have spent wisely. Nottingham Forest’s player turnover and Wolverhampton Wanderers recorded a relatively low net spend of -£8.90m.

5-1:
At the top of the net spend chart, Liverpool spent modestly (£34.95m), with few player sales. Crystal Palace and Newcastle United excelled in transfer negotiations, placing fourth and third respectively.

Everton, with a net spend of £27.81m, has carefully managed its finances, while Aston Villa, led by Unai Emery, emerged as the top spenders with £34.50m in net spend after earning £212.75m from player sales.

These figures reflect each club’s transfer activity as of February 5, 2025, according to Transfermarkt.