The 2025 summer transfer window has turned into a financial arms race, with top Premier League clubs flexing their financial muscle in a dramatic fashion. More than £1.5 billion has already been spent across the league, with a dominant share coming from the traditional “Big Six.”
As clubs prepare for the new campaign, it’s clear that several sides are positioning themselves to break out of the gate strong. With new superstars arriving and tactical gaps being filled, some teams have separated themselves from the rest.
Liverpool: Champions Spending Like Contenders
Reigning Premier League champions Liverpool are leading the summer spending spree with a jaw-dropping outlay of £269 million. Their record-breaking move for Florian Wirtz, a potential £116 million signing from Bayer Leverkusen, sends a loud message to rivals. Wirtz, hailed as a creative machine, is expected to transform Liverpool’s attack with his dynamic playmaking.
It’s no surprise that Liverpool’s revamped frontline is already drawing attention in the FanDuel odds market, where expectations for the new season are soaring.
The Reds didn’t stop there. France forward Hugo Ekitike was brought in for £69 million, potentially rising to £79 million. Ekitike brings a modern, fluid approach to the No. 9 role, complementing Arne Slot’s attacking setup.
With Luis Díaz departing for Bayern Munich and Trent Alexander-Arnold joining Real Madrid, the signings of Milos Kerkez (£40.8m) and Jeremie Frimpong (£35m) help refresh the flanks with explosive energy and youth.
Offloading academy graduates and freeing up salary has also boosted their financial flexibility. Add in increased revenue from the expanded Anfield, a new kit deal with adidas, and Champions League participation, and Liverpool’s war chest remains formidable. If they secure Alexander Isak before the deadline, they could set an all-time spending record.
Arsenal: From Nearly Men to Potential Title Hunters
Arsenal, after finishing runners-up for three consecutive seasons, have addressed their most glaring weakness by finally signing a prolific striker. Viktor Gyökeres joins from Sporting CP for £63.5 million and is expected to lead the line with grit and consistency.
Their business hasn’t stopped at the top. The midfield has been bolstered by Spain’s Martin Zubimendi (£60m) and Christian Norgaard (£10m), while winger Noni Madueke (£48m) adds depth. With Kepa Arrizabalaga and promising center-back Cristhian Mosquera also on board, the Gunners have added both quality and balance.
These upgrades come after a summer of key departures, including Jorginho and Thomas Partey. With their long-standing need for a dependable striker finally fulfilled, Arsenal look ready to start the season with purpose and silverware in their sights.
Chelsea: Chaos Calmed, for Now
Chelsea have been spending heavily once again, with their summer total climbing over £212 million. Despite the revolving door at Stamford Bridge in recent years, there’s a surprising sense of coherence this time.
Brighton forward João Pedro (£60m) headlines their additions, bringing flair and link-up play to a forward line that also includes Liam Delap (£30m) and Jamie Gittens (£56m). These are young, flexible attackers who offer versatility and long-term potential. João Felix has finally left, and the sale of Noni Madueke recouped some funds.
Surprisingly measured and calculated in their approach so far, Chelsea look better balanced across the pitch. If they can maintain squad cohesion, they’ll be dangerous early on.
Manchester City: Quiet but Calculated
City haven't grabbed as many headlines, but their spending has been methodical. With £127 million spent, they focused on precision over quantity. Tijjani Reijnders from Milan is expected to energize the midfield, while Aït-Nouri and Rayan Cherki bring dynamism to the flanks.
Perhaps most significant is the return of goalkeeper James Trafford for £27 million. After an incredible promotion campaign with Burnley, he looks set to challenge Ederson long-term. De Bruyne’s departure is notable, but the squad remains deep and polished. If there’s a team that doesn’t need to overhaul to dominate early, it’s Manchester City.
Manchester United: Searching for a Spark
After their worst-ever Premier League finish (15th), United have spent big, roughly £133.5 million so far with add-ons, in an attempt to course-correct. The arrivals of Bryan Mbeumo (£65m) and Matheus Cunha (£62.5m) give them fresh attacking options, but questions linger.
Mbeumo’s output last season was exceptional, though it exceeded his xG by a wide margin. Cunha adds grit and flair but also volatility. The club’s lack of reinforcements in midfield and defense is concerning, especially with Marcus Rashford shipped off to Barcelona on loan. There’s talent here, but cohesion and consistency remain elusive.
Tottenham Hotspur: A New Era With High Stakes
Under new boss Thomas Frank, the Spurs are undergoing a quiet revolution. Spending £122.5 million so far, their most high-profile signing has been Mohammed Kudus from West Ham for £55 million. Kudus is electric but raw, and Frank will need to refine his end product.
Mathys Tel’s permanent move from Bayern for £34.4m adds youthful power to the frontline. João Palhinha, on loan from Bayern, might offer short-term muscle in midfield. After finishing 17th but winning the Europa League, this squad is still unpredictable. But Frank’s methodical style may bring early structure.
The Best of the Rest
While the traditional giants dominate the financial landscape, a few outsiders are trying to shake things up. Sunderland have spent over £100 million, headlined by the arrivals of Granit Xhaka and Simon Adingra. Leeds United and Burnley also feature among the top 10 spenders, targeting survival with smart, aggressive recruitment.
Nottingham Forest landed Dan Ndoye to replace Elanga, while Newcastle added Elanga and await clarity on Alexander Isak’s future. However, clubs like Fulham, Aston Villa, and Crystal Palace have been notably quiet, which may cost them dearly when the season kicks off.
What This Means for the Start of the Season
With over £1 billion spent by just six clubs, the competitive balance of the league is beginning to tilt again. The 2024-25 campaign gave hope to mid-table challengers, but the giants have reloaded with elite firepower and depth.
Liverpool, Arsenal, and Chelsea look best prepared to dominate the early fixtures. City, as ever, are dangerous even without flash. Spurs and United remain unpredictable but dangerous. Meanwhile, promoted sides and lower-table mainstays may struggle to keep up with the intensity and quality unleashed by the big spenders.
The early season promises fireworks, and it’s the elite who have stocked up on matches.