EPL spending reaches £1.165bn
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