The summer transfer market, the most full -bodied session of the year for the transfers of players and coaches between football teams, is the moment when the clubs pull the line of the past season and lay the foundations for the one that looms. The last session ended on Monday 1 September at 20.00 and the Serie A spent a total of 1.19 billion euros (Milan is the team that spent more, more than one tenth of the total), closing with a budget/exits in slight loss (-90 million, far better than the 2024 data that had been around 360).
We analyze the performance of our maximum championship focusing on the cash movements of the individual clubs, comparing it with its European competitors and with the last season. Recall that for Italian teams and the main European championships on 1 September the incoming transfer market closed, but not the one out of the way, given that some alloys can still shop: in the Brazilian one the term is September 3, in the Saudi on the 11, in the Turkish one on the 12th. In the Serbian championship the transfer market will even close on 1 December.
The financial statements of the Italian teams: who spent more and who less
Among the 20 Serie A teams, the one who recorded the best balance between sales and purchases is Genoa who from the financial point of view has moved only to be released: his balance is +52 million. Followed by Parma (+40) and Bologna (+29). The top 3 “negative” is instead represented by Como (-93), Juventus (–52) and Inter (-44). Considering, however, the only “expenses” item, as anticipated is Milan that intended for the highest sum (164 million even if the Rossoneri collected 170 from the sales), followed by Juventus (137) and Atalanta (125). Here is the detail of the team expenses per team.
Compared to the transfer market of a year ago, the Serie A spent 110 million less and collected more (+ 170 million), improving the total balance from – 367 to – 84. In the last 20 years only once the balance of our football has been with the “+” sign, in 2023/24.
The comparison with the foreign championships: the unbridgeable gap with the Premier League
Despite having spent a third of the Premier League, the Serie A is the second one of the top 5 European championships for investments in the summer transfer market, the only one as well as English to exceed billion euros in overall expenditure. To make a comparison, the German teams of the Bundesliga spent 850 million in all, the Spanish ones of Liga 682, while the French ones – Ligue 1 – 636. The latter have far the best balance (+338 million). The Premier League has spent more than the other four top leagues put together: its 3.56 billion in a single session are an absolute record. The precedent of 2.75 billion euros recorded two summers ago was exceeded.
The unreachable purchasing power of the Premier League is based on a business model that has created an overwhelming economic gap with the other European championships, visible in the analysis of revenues. The key factor of this supremacy are the television rights: the English championship collects about 3.5 billion euros per seasonmore than triple compared to the approximately 900 million of Serie A. TV rights international By alone they guarantee every single premier league club approximately 68 million eurosa figure that exceeds the total collection of most Italian teams. This creates a paradoxical situation in which the last classified in England gains more from TV compared to Serie A top clubs such as Inter, Milan and Juventus, also allowing the English-low English teams to dominate the transfer market with “crazy” offers.
By widening over Europe, the Saudi Pro League is the sixth League for expenses in the world with over 473 million invested, 131 million collected for a negative balance of over 340 million. The highest Saudi Arabia championship also welcomed many players from Europe: from Theo Hernandez to the Al Hilal of Simone Inzaghi to the couple Joao Felix-Coman who has marked the Al Nassr of Cristiano Ronaldo.
The 10 most expensive transfers of the summer 2025 worldwide
The most expensive blow of the 2025 summer market was the arrival of Alexander Isak at Liverpool for 145 million euros. The Reds were also absolute protagonists with Florian Wirtz (125 million from Bayer Leverkusen) and Hugo Ekitike (95 million from the Eintracht Frankfurt), closing three operations in the top 3. The only two overseas purchases were those of Victor Osimhen (passed from Napoli to Galatasaray) and Luis Diaz (from Liverpool to Bayern Munich).
- Alexander Isak (Newcastle -> Liverpool) -145 million
- Florian Wirtz (Bayer Leverkusen -> Liverpool) -125 million
- Hugo Ekitike (Eintracht -> Liverpool) -95 million
- Nick Woltemade (Stuttgart -> Newcastle) -85 million
- Benjamin Sesko (Leipzig -> Manchester United) -76.5 million
- Victor Osimhen (Naples -> Galatasaray) -75 million
- Bryan Mbeumo (Brentford -> Manchester United) -75 million
- Matheus Cunha (Wolves -> Manchester United) -74.2 million
- Martín Zubimeni (Real Sociedad -> Arsenal) -70 million
- Luis Diaz (Liverpool -> Bayern Munich) -70 million
The 10 top transfers of the summer market in Italy
As regards, however, the top 10 of the transfers to and from Italy wins that of Osimhen direction Galatasaray who paid the termination clause of 75 million to Napoli. Follows that of Mateo Rettegui in Al-Qadsiah: the now ex Atalanta becomes the most paid Italian footballer of all time by skiing Sandro Tonali, who moved from Milan to Newcastle two seasons ago for 58.9 million. He closes the top 3 Tijjani Reijnders, who passed by Milan at Manchester City.
- Victor Osimhen (Naples -> Galatasaray) -75 million
- Mateo Restivui (Atalanta -> Al -Qadsiah) -68.25 million
- Tijjani Reijnders (Milan -> Manchester City) -55 million
- Dan Ndoye (Bologna -> Nottingham Forest) -42 million
- Christopher Nkunku (Chelsea -> Milan) -37 million
- Malick Tiaw (Milan -> Newcastle United) -35 million
- Francisco Conceicao (Porto -> Juventus) -32 million
- Sam Beukema (Bologna -> Naples) -31 million
- Giovanni Leoni (Parma -> Liverpool) -31 million
