So who won and who lost when the transfer window slammed shut?
My guess is that Arsenal boss Arsene Wenger was under orders from a worried board to go out and spend big after the 8-2 mauling at Manchester United.
That result might have done the Gunners a favour, as it shook Wenger out of his delusional belief that the youngsters he had were good enough to mount a challenge.
Considering he had only three days to race around the supermarket shelves, the manager did pretty well to net some decent players.
Per Mertesacker has 75 caps for Germany and offers much needed experience, if not pace, to that leaky defence.
And while Cesc Fabregas and Samir Nasri were damaging losses for the Gunners, Mikel Arteta and Yossi Benayoun are experienced and clever replacements.
When Jack Wilshere is fit, Arsenal might still have a chance of making the top four.
That was certainly not the case a week ago.
Manchester United and Liverpool were smartest, doing most of their business early for players with Premier League experience.
Mind you, Liverpool paid over the top for Jordan Henderson at £20m, and might regret letting the classy Raul Meireles go to Chelsea.
Having said that, the £22m capture of Luis Suarez – if not the £35m for Andy Carroll – in January is looking a fabulous investment.
The Uruguayan is one of the five best strikers in the world now.
And my Latin contacts tell me Liverpool’s new centre-half, Sebastian Coates (pronounced ‘Co-art-ez’) from Uruguay, will be a commanding star when he settles.
Chelsea have added craft with Meireles and the gifted Juan Mata – but not the pace they lack.
Andre Vilas Boas needed to get an Arjen Robben-style flier out wide instead.
Spurs chairman Daniel Levy – almost certainly against the wishes of manager Harry Redknapp – made a bold call in rejecting Chelsea’s £40m bid for Luka Modric.
It’s a worthy stand against player power and the tendency of big clubs to bully others into selling.
But it will only be good business if Modric swallows his acute disappointment and weaves his magic in the Tottenham midfield.
Spurs’ season depends on that and the ability of moody loanee Emmanuel Adebayor to end the goal drought among the other strikers.
Peter Crouch has gone to Stoke for £10m – rather a lot for a man who delivered four Premier League goals last season.