Premier League’s Record Summer Spending Spree
Fri 29th Aug 2014 | Money & Finance
With 2014 summer transfer window drawing to a close, Deloitte’s analysis shows that gross transfer spending by Premier League clubs has already reached a record levels.
Angel Di Maria’s £60m transfer from Real Madrid to Manchester United has seen the league’s clubs current spending total £725m, surpasses last year’s previous record by almost £100m with four days still to go.
Dan Jones, partner in the Sports Business Group, commented: “This summer transfer window is one of records.
“It has so far seen a higher level of spending than in any previous window, with a new record gross spend in a single window for a single Premier League club, and has included a record transfer fee for an individual player in English football.
“Considering that in each of the last two summer windows more than 20% of total Premier League clubs’ spending has occurred on deadline day, there is still potential for a significant increase in that figure.
“There are a number of factors contributing to this summer’s spend, including the showcase for global talent a World Cup provides.
“However, one of the main drivers of Premier League spending continues to be the increased resources clubs now have as a result of improved broadcast deals.
“Last season the average Premier League club received around £25m more in central broadcast distributions than they did in 2012/13, which helped fuel a record transfer window last summer.
“We are again seeing Premier League clubs use these resources to contribute to what is a new record this summer.”
Image: Action Images / John Sibley Livepic
Posted by: Aaron Gourley
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