LONDON: Premier League clubs spending during the summer transfer record was an all-time high of £630m, business advisory firm Deloitte have revealed.
This year’s spending was £130 million more than the previous record of £500m set in 2008 with a significant part of the spending done on transfer deadline day.
One of the most expensive signings of the window was Arsenal’s capture of Real Madrid’s Mesut Ozil (pictured) for £42.4m.
The second most expensive player was Manchester City’s £30m deal for Fernandinho while Tottenham proved the biggest spenders with an outlay of almost £110m, much of which was recouped from the sales of Gareth Bale and Steven Caulker.
Crystal Palace and Sunderland proved most prolific, both signing fourteen players, while Liverpool took their spending to nearly £45m with the signings of Mamadou Sakho and Tiago Ilori.
Dan Jones, partner in the sports business group at Deloitte, said: “The story of this summer transfer window is of new records: a new record for Premier League spending as well as a new world transfer record fee.
“Premier League clubs’ gross spending this summer is £630m, beating the previous record of £500m set in 2008. Whilst the sale of Gareth Bale brought £85m into the Premier League, net spending is also a record, at £400m.
“As the financial rewards for participation and success in the Premier League increase, so it follows that clubs are investing on the pitch to ensure they continue to benefit from the remarkable Premier League growth story.”