Premier League Heading For Record Summer Transfer Window
Fri 30th Aug 2013 | Money & Finance
With three days until the close of the window, Deloitte’s analysis shows that gross transfer spending by Premier League clubs looks set to reach a record level.
The current spending total of £430m is 15% higher than at this point last year.
Dan Jones, Partner in the Sports Business Group, commented: “This summer looks set to be a record for the Premier League in gross, and quite possibly also net transfer spending.
"Clubs have already spent over £400m this summer and with several large deals looking close to completion and a number of clubs still expected to do significant business, we will likely see the £500m gross record broken by Tuesday morning.
“In a potentially record summer, it is important to consider this level of spending in the wider financial context of the Premier League. The 2013/14 season will be the first in which clubs will benefit financially from the increased broadcast deals and we are seeing this translate into increased spending.
"However, transfer spending this summer is still likely to be less than the total incremental revenue clubs will receive from these new broadcast deals.”
The Sports Business Group at Deloitte will release its analysis of the 2013 summer transfer window on Tuesday 3 September 2013.
Posted by: Aaron Gourley
To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.
If you have any football business related news stories you’d like to share then please contact us – email@example.com
Thu 12th Dec 2013 | Money & Finance
Mention the Football Association to your average fan and what you invariably get back is the England team, Roy Hodgson and the FA Cup. Behind the scenes, how The FA spends its money is rarely noticed....
Wed 11th Dec 2013 | Money & Finance
The first club in the UK to use crowdfunding as a means of raising revenue to improve facilities at its ground and grow its fan base has generated £10,000 in the first week. Scottish League One...
Tue 10th Dec 2013 | Money & Finance
Grassroots sports clubs across the UK are in line for an early Christmas present if they shop with Club Cashback , a portal which generates a cashback reward for your club every time a purchase is...