Leicester, Ipswich and Southampton facing £133m bill to stay in the Premier League

The first year of Premier League survival for newly promoted clubs costs £133 million.

Leicester City, Ipswich Town, and Southampton have all been confirmed as Premier League clubs for 2024/25, with

the latter winning the Wembley playoff final and the former two securing automatic promotion. However,

GIVEMESPORT knows that none of their playing expenditures – a combination of annual player pay and net transfer

spend – are anticipated to reach that level next season.

After ascending from the Championship in 2022/23, Luton, Burnley, and Sheffield United all fell short of the £133

million mark during one of the least competitive relegation battles in Premier League history. It’s a clear warning to

the three newly promoted sides, all of whom aspire to make their teams top-flight ready without reaching the

expenditure targets established by previous clubs that came up and escaped relegation.

Over the last six seasons, newly promoted clubs that have remained in the Premier League have spent an average of

£93 million on new signings, with £87 million of that coming from net spend, and have committed to an annual

player salary bill of £46 million. That’s a significant increase over promoted teams that were relegated: they spent

only £49 million on new players, had a net spend of £40 million, and invested £38 million in player wages.

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