Summer transfer window: Premier League clubs spend record amount
Last updated on .From the section Football
Premier League clubs have spent a record £1.17bn on players in this summer's transfer window, according to business analysts Deloitte.
The 20 clubs had spent the sum by the end of Wednesday, beating the previous record of £1.165bn set last summer.
This summer has seen Manchester United pay Everton an initial £75m for striker Romelu Lukaku, while Chelsea paid Real Madrid £70m for Alvaro Morata.
At the same stage last year, clubs had spent £865m.
"The level of transfer expenditure in this summer's window has been extraordinary," said Deloitte consultant Chris Stenson.
"But when analysed in the context of record broadcast, commercial and matchday revenues, Premier League clubs are spending within their means.
"We expect further significant expenditure in the next seven days as clubs seek value in the market.
"Last summer, Premier League clubs spent around £300m in the final week of the window, more than they did throughout the entire January 2017 window."
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What I also do not get is that football spend a all this money on mediocre players and yet recieves more money from the government (via Sport Engalnd) than all other sports. How about stopping the government investment and forcing the premier league to give more of their TV receipts to grass roots. The government can then support a wider range of sports.
The Bundesliga is one of the best run leagues, low ticket prices, no out of control money and youth is used - of high quality
2017 £50 to £75 shocking just shocking capitalism in its prime
'Grass roots doesn't mean much at all for the top tier' said one of the coach's from a prem. league team.
It's demoralising.
More like your sky subs are going up so that it will help us keep the premier league in our hands when the rights come up for grabs
£3 increase is shocking
Thanks for being a Sky TV customer.
As you know, we continue to invest in the latest technology and infrastructure, and in quality drama and films from both sides of the Atlantic.
To ensure we maintain the high standards you expect, we are increasing the cost of your subscription by £3. Although this is the eighth increase in three years, Sky appreciates your custom.
I most certainly agree with the Bundesliga clubs not exploiting fans through ticket prices for £2m extra, but do you not think the league is the best run because everyone is happy to play second-fiddle to Bayern? Whereas all the English clubs are spending stupid money just to try and compete with each other on a domestic level first, not even considering the CL.
Except when Leicester won the league they had a squad costing less than £30m
Even ManU, "biggest club in the world" (to some people) carries
£500m in debt...
Remember when L'pool tried to raise ticket prices to £77 to pay for the new stand? Fans should pay more now so they can pay more later
Nice system;)