With just over three weeks of the transfer window remaining, Newcastle United have spent more in new players than all but four of the 20 Premier League clubs.
With Premier League clubs receiving an extra £600m+ between them this season (and the next two), it has helped fuel increased transfer valuations and a total spend so far of £705m (see below).
This doesn’t include the claimed transfer of John Stones from Everton to Manchester City for an alleged £50m (£100m for Sterling and Stones!!!!).
Newcastle United have spent around £45m so far as Rafa tries to deal his way towards a promotion side, the departures of players such as Coloccini, Townsend, Wijnaldum, Cisse and others helping to fund that spending.
Having paid out around £89m for Paul Pogba, Manchester United are top when it comes to spending, though Manchester City will go above them if/when Stones is confirmed.
However, only two other Premier League clubs have currently spent more than Newcastle’s £45m outlay (set to go higher with the loan fee for Galloway and other deals expected), with Liverpool spending £67.9m (including £25m for Wijnaldum) and Chelsea shelling out £65.2m.
Worth noting of course that Newcastle have covered their spending with sales so far and Moussa Sissoko is surely set to put Newcastle even more in the black when they finally get rid of him. However, those four Premier League clubs have all made significant net spending totalling over £285m between them, a figure which will rise to around £335m with Stones.
Transfer spending table (not including John Stones to Man City) compiled by the excellent Sporting Intelligence: