Napoli transfer review: negative spend, but positive overall impact | OneFootball

Napoli is approaching the start of the Serie A 2025/26 with an intense transfer session, characterized by targeted investments and heavy sales.

Napoli, the transfer balance: negative balance on player tags, but overall positive impact

While Antonio Conte prepares for the debut match against Sassuolo, the Neapolitan club can already draw a mid-term balance of the concluded operations.

The purchases: six reinforcements for Conte

So far, the Azzurri company has closed six incoming operations:

Milinkovic-Savic

Beukema (the most expensive in terms of economic impact)

Marianucci

De Buyne

Lang

Lucca

According to estimates by Calcio e Finanza, the total cost between amortization quotas of purchased tags and gross salaries is around 83 million euros for the 2025/26 season. Only Beukema, considering amortization and engagement, weighs over 17 million.

The exits: capital gains and savings on engagements

On the sales front, the most significant operation was that of Victor Osimhen to Galatasaray, but there were other important sales such as those of Raspadori and Simeone.

Overall, the exits generated:

94 million in capital gains,

about 11 million in savings on engagements (thanks to temporary sales of players outside the project),

further savings from amortizations no longer on the balance sheet.

The estimated total of the positive impact for the 2025/26 balance is about 132.9 million euros.

The balance: negative on player tags, but the accounts are smiling

Adding income and expenses, Napoli records a positive impact of about 49.9 million on the balance of the current season. However, if we consider only the balance between purchases and sales of player tags outright, the result is different: -27.5 million euros.

In other words, Napoli has spent more than it has collected for the player tags, but the overall operation - considering salaries, capital gains and amortizations - guarantees the club a sustainable management and, indeed, in profit.

A balanced strategy

The Azzurri's purchase campaign confirms the management's desire to strengthen Conte's squad without compromising the accounts. The mix between incoming hits and profitable exits has allowed to combine sporting ambition and financial sustainability, with a balance that two weeks from the closing of the market records a positive signal.

The real test will be the field: only the results will tell if Napoli has found the right balance between technical strengthening and economic sustainability.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇮🇹 here.