Chelsea show €205m profit in transfer market as Villa post €167m loss

money and football

February 11 – Chelsea were the big financial winners in the summer 2019 and winter 2020 transfer market ending up their dealings €205 million ahead. In contrast Aston Villa showed a loss of €169 million, the second highest in Europe behind Real Madrid’s €181 million. Barcelona showed a €166 million loss.

The figures from the CIES Football Observatory look at transfer spending in the last two windows across 32 European leagues.

“At the level of the five major European leagues, the net balance for transfer operations range from -€844 million for the English Premier League and +€106 million for the French Ligue 1. Negative balances were also recorded in the Spanish Liga (-€ 418 million), the Italian Serie A (-€ 407 million) and the German Bundesliga (-€ 263 million),” says the CIES report.

Chelsea earned €250 million by transferring 16 footballers, while it only spent €45 million to reinforce its squad (Mateo Kovačić) – though the club was helped in this regard by a transfer ban in the summer. Benfica (+€167 million) and Ajax (+€137 million) were the highest earning beneficiaries from supplying players to the big teams and leagues.

Crystal Palace were the only other team after Chelsea to make it into the top 20 of the teams with a positive transfer balance (+56 million). However, eight Premier League teams made it into the top 20 of clubs with a negative transfer balance.

See the full report at

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