There was one division that benefitted the most from Premier League spending this January - the Premier League itself.
An estimated £43.5m switched hands between top flight clubs in the winter transfer window.
That's more than any other divisions' teams received from sides in England's top tier.
Newcastle shared the most wealth within the Premier League, spending a combined £24m to lure Jonjo Shelvey from Swansea and Andros Townsend from Tottenham.
Norwich also seemed keen to keep the money in the division, spending £8.5m on Everton's Steven Naismith and £2.5m on West Ham's Matt Jarvis.
France were the next biggest winners with a combined total of £26.5m making its way across the Channel.
Bordeaux received the most with £9m from Sunderland for Wahbi Khazri and £4.5m from Newcastle for Henri Saivet, while Sunderland also spent £5m on Lamine Kone from Lorient and Watford spent £8m on Abdoulaye Doucoure from Rennes.
Where did Premier League clubs spend their January money?
The lower leagues of English football have received £25.9m from this transfer window. The biggest transfer was Benik Afobe's £10m move from Wolves to Bournemouth.
Portugal received £18.3m from the Premier League, or rather from Stoke as the only player to have moved between the two countries was Giannelli Imbula.
Spain received £13.5m of Premier League transfer money while Russia received £13.5m and Italy £12m.
Inter- Premier League spending across the last two windows stands at a whopping £248m.
Germany has received £171.1m over the last two windows, France £160m and Spain £95.7m.
England's lower league have received £91.6m from the top flight since the opening of the summer 2015 window.