PL clubs break transfer spending record

Dhaka,  Sun,  24 September 2017
Published : 25 Aug 2017, 13:16:01

Summer transfer window: Premier League clubs spend record amount

Premier League clubs have spent a record £1.17 billion on players in this summer's transfer window, according to business analysts Deloitte.

The 20 clubs had spent the sum by the end of Wednesday, beating the previous record of £1.165 billion set last summer, reports BBC.

This summer has seen Manchester United pay Everton an initial £75 million for striker Romelu Lukaku, while Chelsea paid Real Madrid £70 million for Alvaro Morata.

At the same stage last year, clubs had spent £865 million.

"The level of transfer expenditure in this summer's window has been extraordinary," said Deloitte consultant Chris Stenson.

"But when analysed in the context of record broadcast, commercial, and matchday revenues, Premier League clubs are spending within their means.

"We expect further significant expenditure in the next seven days as clubs seek value in the market.

"Last summer, Premier League clubs spent around £300 million in the final week of the window, more than they did throughout the entire January 2017 window."
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