Summer Transfer Window During COVID-19
Coronavirus put a dent into the pockets of club officials. Club presidents no longer take part in expensive player purchases. The expenditures of clubs have reduced significantly. Analysts have confirmed that the coronavirus's financial harm was the reason why big clubs were relatively silent during this past summer transfer window.
Instead of searching for players in international markets, clubs are concentrating on producing young talent. Clubs are investing more in their youth academies. The aim is to not rely on expensive foreign players.
The summer transfer window was a record low in terms of spending output. English Premier League teams spent the most money on foreign players. Other leagues were not even close to English soccers level of spending.
This is a major indication that the economy of soccer is currently in a downturn. Licensed club stores are failing to sell official club products. Without the fans in the stadiums, the revenues are not likely to increase any time soon. Licensed club stores are failing to sell official club products.