The January transfer window in the Premier League opened up on the 1st of January and runs till the end of the month, with a number of clubs in need of strengthening their squads as they go into the business end of the season.
The purchase of Newcastle United by a Saudi Arabia led consortium group led to excitement among the club's fans considering that they are now the richest club in world football, while there a number of other English clubs who can flex their muscles in the winter transfer window.
A a study conducted by Kieran Maguire who is a lecturer in football finance at the University of Liverpool has now given us how much the top clubs in the league can spend in January and in first place come Tottenham Hotspur - who can spend a staggering £400million without breaking the Financial Fair Play (FFP) rules.
Liverpool and Manchester United have £273m and £243m to spend in order to achieve their goals with Chelsea (£241m) and Arsenal (£201m) rounding up the top five with money to burn on transfers. Of the top six clubs, it is only defending champions, Manchester City who find themselves at the lower end of the table with only £84m in their kitty to buy a player of their choice.
Newcastle for their part have £166m to spend, with Everton coming in last as they rather than buying, need to sell players and make a £35m profit as they are on the brink of breaking FFP rules.
A look at the amount top-six clubs can spend in the January transfer window.
1) Tottenham Hotspur - £400m
2) Liverpool - £273m
3) Manchester United - £243m
4) Chelsea - £241m
5) Arsenal - £201m
12) Manchester City - £84m