EPL spend­ing reaches £1.165bn

Chronicle (Zimbabwe) - - Sport Starts Here -

PREMIER League clubs spent more than £155m on trans­fer dead­line day as the sum­mer win­dow out­lay reached a record £1,165bn.

Teams had al­ready spent a com­bined £1,005bn as of 08:30 BST on Wed­nes­day, shat­ter­ing last year’s record £870m.

Thir­teen top-flight teams broke their own trans­fer records.

The 20 clubs in the Premier League have ben­e­fited from a record £5.1bn tele­vi­sion deal which came into ef­fect this sea­son.

“The in­creases in broad­cast rev­enue, with the 201617 sea­son be­ing the first of the new broad­cast deal cy­cle, is the prin­ci­pal driver of this spend­ing power,” said Dan Jones, a part­ner at fi­nan­cial an­a­lyst Deloitte.

This graphic be­low il­lus­trates the grad­ual in­crease in spend­ing by Premier League clubs over the past 10 Jan­uary and sum­mer trans­fer win­dows. Other key find­ings:

The av­er­age gross spend for a Premier League club in the 2016 sum­mer win­dow was about £60m.

The to­tal of £155m spent by Premier League clubs on dead­line day broke the pre­vi­ous record of £140m set dur­ing the sum­mer 2013 win­dow.

The four Premier League clubs com­pet­ing in this sea­son’s Cham­pi­ons League — Arse­nal, Le­ices­ter City, Manch­ester City and Tot­ten­ham Hot­spur — had a com­bined gross trans­fer spend of about £385m — rep­re­sent­ing about a third of the ag­gre­gate gross trans­fer spend by Premier League clubs.

Since the in­tro­duc­tion of the trans­fer win­dow, gross trans­fer spend­ing has ex­ceeded £8.6bn, with more than 80 per­cent spent in the sum­mer win­dow. — Reuters

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