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Transfer window spending on the rise to £490m

Mon 3rd Sep 2012 | Money & Finance

Summer transfer window spending by Premier League football clubs increased during 2012 to £490m.

Research by financial services firm Deloitte suggests broadcasting deals announced earlier this year helped clubs splash the cash.

Among the deals were Liverpool's purchases of Joe Allen and Fabio Borini, for a reported combined total of £15m; Everton snapping up Kevin Mirallas for £6m; while Manchester United swooped for Arsenal star Robin van Persie for £24m.

During the 2012 summer transfer window, Premier League clubs shelled out £490m, up by £5m from the 2011 summer figure, but slightly down on the 2008's record of £500m, according to Deloitte.

A total of £110m worth of deals were completed on deadline day on 31 August 2012, compared with £100m in 2011.

Both Manchester clubs exceeded £30m of gross transfer spending while transfer fees to overseas clubs were around £300m, almost 50 per cent up on 2011.

Dan Jones, partner in the Deloitte's Sports Business Group, said: "While the highest levels of spending continue to be at those clubs competing at the upper end of the Premier League and in European competition, we have also seen significant investment by the newly promoted teams, looking to establish themselves in the Premier League."

Director Alan Switzer added: "While the total spending this summer is still high, it should be considered in the context of increases of over 70 per cent in the Premier League domestic broadcast deals announced earlier this year.

"Once overseas broadcast deals are factored in, the average Premier League club looks set to benefit from at least an additional £25m of revenue per year from next season."

Posted by: Kev Howland

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