20) Arsenal (-£125.5m)

Despite the financial uncertainty, the Gunners have invested heavily, and it is a massive gamble, especially as they’ve spent their money mostly on unproven talent.

19) Manchester United (-£107m)

In stark contrast to Arsenal, the Red Devils have shelled out on proven winners such as Raphael Varane and Cristiano Ronaldo, whilst securing the signing of Jadon Sancho.

18) Manchester City  (-£69.1m)

The net deficit in City’s transfer spending could have been even higher if they had managed to secure the services of Harry Kane from Tottenham. They had to settle for just one club-record signing in Jack Grealish.

17) Crystal Palace (-£60.9m)

After a mass clearout which saw 10 players leave the club this summer, the Eagles needed to back new manager Patrick Vieira heavily and they did.