The 2023/24 Premier League campaign is into its final weeks, and eyes are already turning to the summer transfer window.
The 2024 winter transfer window was a bit of a damp squib as financial constraints limited the majority of Premier League clubs into doing little business.
However, the clubs have agreed in principle to change the profit and sustainability rules, with a new spending cap set to be put in place.
This allows clubs in Europe to spend 70 per cent of their revenue and teams outside of European competition can reach 85 per cent.
If those changes are approved by the time the transfer window starts, we could see a lot of top-flight clubs unleash their spending power, but some will still be limited even under this new system.
There are still expected to be some huge moves across Europe, with Kylian Mbappe, Ivan Toney and Victor Osimhen all likely to find new clubs.
Mbappe’s future is a bit more clear than the others, with a move to Real Madrid all but done.
When does the summer transfer window open?
There has yet to be a confirmed date from the Premier League regarding the summer transfer window.
Last year, trading was allowed from June 14, two-and-a-half weeks after the season ended.
But international deals can only be confirmed from July 1 onward.
Of course, there are also two international tournaments taking place this year, with Euro 2024 and Copa America 2024 being held over the summer.
These won’t impact the dates of the window, but a lot of business won’t kick in until after the conclusion of these events.
The transfer window in Europe will end on the same day, September 1.
However, nations like Saudi Arabia and Turkey often extend their trading period.
This can leave teams vulnerable to any late moves, although top-flight clubs could use the Saudi Pro League as a way to ease some of their financial problems.
Four Saudi clubs are now bankrolled by the Public Investment Fund, while Al-Ettifaq have Steven Gerrard as their manager, so there are likely to be another set of top-flight players heading to the Middle East this summer.
Last year, Premier League clubs spent over £2billion, and there will be more cash splashed this time as well.
But it would be a surprise if we reached that number again, given the financial position many teams find themselves in.
News Summary:
- When does the 2024 summer transfer window open? Big Premier League deals expected as Mbappe set to complete Real Madrid move
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