Transfers: Real Madrid with the most negative transfer balance (-€181m) after the 2 windows (CIES)

Real Madrid CF (Laliga Santander) was the club that posted the most negative financial balance (purchases-sales) during the summer 2019 and winter 2020 transfer windows, with a result of -€181m, according to the CIES Football Observatory in its weekly post published on 10/02/2020.

Over these two consecutive transfer windows, the Madrid club...