VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Premier League Summer Transfer Spending Breaks 1.1bn

Thu 1st Sep 2016 | Money & Finance

Premier League summer transfer spending topped £1.1bn as clubs lavished a record £155m on deadline day.

For the fourth consecutive year spending hit record levels as Premier League clubs’ gross spending totalled£1.165 billion, a 34% increase on the previous record of £870m set last summer.

The figures compiled by Deloitte’s Sports Business Group also showed Championship gross spending reached a record level of £215m.

Commenting on the figures, Dan Jones, Partner in the Sports Business Group at Deloitte, said: “This is the fourth consecutive year the summer transfer spending record by Premier League clubs has been broken.

“At the start of the 2013/14 season, the summer transfer spending record had stood at £500m, and the fact that this record has more than doubled since then is a clear indicator of the financial growth of the league.”

With the 2016/17 season being the first of the new Premier League TV broadcasting cycle which is worth over £5bn in the UK alone, the figures hardly come as a surprise.

“As has been the case for a number of years now, the increases in broadcast revenue, with the 2016/17 season being the first of the new broadcast deal cycle, is the principal driver of this spending power.

“The increase in the value of these deals and the comparatively equal revenue distribution of these by the Premier League has again allowed clubs throughout the division to invest significantly in this summer’s market.

“For those clubs traditionally at the upper end of the table who have been investing most significantly, their commercial revenue growth has also been a critical enabler of the increases in spending.

“We also saw a new record level of Premier League summer deadline day spending this window, with £155m spent in the final 24 hours. This, when considered with a new overall spending record, as well as the fact this summer saw a new record for the highest fee paid for a player by any English club are further indicators of the ever increasing purchasing power of the Premier League.”

The Premier League’s representatives in this season’s UEFA Champions League -  Arsenal, Leicester City, Manchester City and Tottenham Hotspur - had a combined gross transfer spend of c.£385m this summer transfer window, representing around a third of the aggregate gross transfer spend by Premier League clubs.

The average gross spend for a Premier League club in the 2016 summer window being c.£60m

“Membership of the Premier League has never been as lucrative as it is today and as such we have seen this have knock-on effects in terms of the spending in the Championship,” Jones added.

“This summer saw a record £215m gross spend by Championship clubs, more than twice the previous record, driven by the investment of recently relegated clubs seeking an immediate return to the Premier League as well as by that of ambitious Championship clubs seeking entry to the world’s richest football league.”

Outside of England across the other ‘big five’ top divisions of Europe, the next highest spending league was Serie A, with a gross spend of £590m. The Bundesliga was next with a gross spend of £460m, followed by La Liga with £400m and Ligue 1 with £165m.

Posted by: Aaron Gourley 

Tripleplay 468 banner V2 (468x60_Animated_v2.gif)
RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017 Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors...

Leicester City make pre-tax profit of 16.4m after winning Premier League

Thu 2nd Mar 2017 | Money & Finance

Leicester City today announced its financial results for the year ending 31 May, 2016 – a period of continued growth and unprecedented success for the Football Club. An historic, captivating...

Liverpool FC announces financial results for year to May 2016

Wed 1st Mar 2017 | Money & Finance

Liverpool FC has filed its annual accounts for the year to May 31, 2016 reporting that revenues are continuing to grow, creating further financial stability for the club. Overall revenue increased to...

Wolverhampton Wanderers Post 5m Profit

Tue 28th Feb 2017 | Money & Finance

Wolverhampton Wanderers have posted a profit of over £5m in their latest accounts. The club’s headline financial information shows a pre-tax profit of £5.831m for the year ending 31...