Premier League Summer Transfer Spending Set For Record
Tue 1st Sep 2015 | Money & Finance
With the closure of the summer transfer window just hours away, analysts are predicting another record spending spree.
Analysis by Deloitte shows that gross spending is on course to reach a new record with total Premier League clubs’ transfer spending currently standing at £790m, £45m short of the record set last summer (£835m).
With the other major European league transfer windows having closed last night, one of the reasons for the collapse of David de Gea’s transfer from Manchester United to Real Madrid, Premier League net transfer spending is also set to be a record, currently standing at £400m – being the net amount that flows to overseas clubs and Football League clubs.
This summer’s transfer window has seen Englansd's big four flex their financial muscle with Manchester City splashing over £100m on Raheem Sterling (£49m) and Kevin de Bruyne (£55m). However, it hasn’t all gone the way of the big clubs with Chelsea, at the time of writing, drawing a blank in their efforts to sign John Stones from Everton for a reported £35m.
Alex Thorpe, Senior Manager in the Sports Business Group, commented: “Last year we saw £85m of spending on deadline day and with further business expected over the coming hours, it looks set to be another record summer of spending for the Premier League.
“With the other European transfer windows having closed last night, the Premier League is again confirmed as the leading league in terms of transfer spending this summer.
“This level of spending continues to be driven in large part by the increases in domestic and overseas broadcast revenue in recent years.”
The Sports Business Group will release its analysis of the 2015 summer transfer window after the close of the transfer window at 18:00 on Tuesday 1st September 2015.
Image: Action Images
Posted by: Aaron Gourley
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