With the summer transfer window closing on Tuesday, the Premier League net spending table shows Newcastle United in second place.

Minimal transfer fees coming in (Abeid, Santon) and major investment in Mitrovic, Wijnaldum, Mbemba and Thauvin, plus a punt on Ivan Toney.

Manchester City are yet again top of this particular table, despite bringing in an estimated £38.4m in transfer income.

Man City’s net spend is £60.3m, some £15m more than Newcastle’s, with Chelsea a further £15m behind NUFC’s £45.8m.

Financial Fair Play is definitely playing a part, with even the privately funded big spenders still having to go some way towards balancing the books.

Bottom of the table is Southampton, who may have spent over £30m but at the same time have raked in over £37m.

In terms of just cash going out, there are five predictable clubs ahead of Newcastle.

Of the ‘big six’ the only exception are United’s opponents on Saturday, with Arsenal only major investment being Petr Cech, so far.

With the Premier League net spending table showing 19 out of 20 having spent more than that which has come in, we can make one other big conclusion.

Clearly if everybody is spending more than they are banking, then there is an awful lot of money heading abroad.

Newcastle United being a typical example of that, with only a few hundred thousand (Ivan Toney) pounds of United’s £47.8m finding itself dribbling down into the lower divisions (Northampton) in England.

Table courtesy of the excellent Sporting Intelligence:

premier league net spending