Tottenham Hotspur have spent more money in the January transfer windows than Arsenal, according to a new study.
Research done by CityAM has revealed that since the January window came into effect in 2003, Spurs have spent a total of £123.81m, while their North London rivals Arsenal have splashed out £71.28m in the same period.
On an average, Tottenham have spent £10.3m in each January window, while Arsenal have spent £5.9m.
Given the figures, one would suspect that Spurs have spent so much money in January because they wanted to improve their squad.
Even though Tottenham have done so over the years, they have been unable to compete with their North London rivals, who have consistently finished in the top four of the Premier League.
Arsenal do most of their business at the start of the season. with manager Arsene Wenger having forked out £343.6m in total in the summers since 2003.
Interestingly, Spurs’ total outlay in that period stands at around £460m - much more than Arsenal, yet they outspend the Gunners in January.
The main conclusion from this research is that Arsenal do the better business in the transfer market than Tottenham.
While Spurs have shown the willingness to sign players in order to break into the top four, they have not always done it the right way, thus the need to splash out cash in January after spending in the summer.