English Premier League transfer spending reaches £1.165bn

Manchester United v Portsmouth - FA Youth Cup 3rd Round

Paul Pogba

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 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.

“As has been the case for a number of years now, the increases in broadcast revenue, with the 2016-17 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.

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 system, gross player transfer spending has exceeded £8.6bn, with more than 80 per cent of this being spent in summer transfer windows.

While this year’s figure of £1.165bn easily broke the record set 12 months ago, it dwarfed the £215m spent during the first window in the 2003-04 campaign.

Such financial strength owes much to the record £5.136bn domestic TV deal, which was more than £2bn larger than the previous contract from 2013 to 2016.

Ex-England winger Trevor Sinclair said: “There’s so much money in it for a reason – supply and demand.

“People demand to see the Premier League. If anyone is going to get the financial gain, surely it has to be the players – they are the ones who make it happen.”- BBC


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