Premier League clubs break spending record

Transfer spending in the summer window reached £1.5bn ($1.8bn)

English Premier League clubs have broken their collective spending record in the current summer transfer window with one week still to spare until it closes, according to financial firm Deloitte.

Financial analysts say top-flight English outfits shelled out £1.5bn ($1.77bn) for the 2022/2023 season, which eclipses the £1.4bn of the 2017 summer window ($1.65 billion).

That figure, £1.4billion, also matches what was spent in the last season, including the summer and winter windows, meaning the record set in 2017-18 of £1.86 billion ($2.2 billion) is on course to beat. if Premier League clubs also have a big January and are spending lavishly on mid-term reinforcements.

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Commenting on the developments, Deloitte Sports Business Group Deputy Director Chris Wood said that “The record levels of spending we have seen so far in this summer transfer window show that Premier League club business models are bouncing back from Covid”.

« While this is encouraging, the importance for clubs of establishing responsible and sustainable spending policies cannot be overstated, »Wood added.

While in 2021 only eight players were bought for a fee in excess of £30m ($35.5m), 14 were landed for sums above the amount this summer.

Liverpool striker Darwin Nunez was the most expensive of them all with £85m ($100m) from Benfica.

But Chelsea, under new owners after Roman Abramovich sold the club for £4.5bn ($5.4bn), also pulled out their checkbook to spend £63m ($74.5m). dollars) on Brighton defender Marc Cucurella, £50m ($59m) on former Manchester City striker Raheem Sterling and £34m ($40.2m) on the towering defender center of Napoli Kalidou Koulibaly.

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While Manchester United spent £60m ($71m) to lure Casemiro from Real Madrid, they could soon spend as much as €94m ($93.6m) on fellow Brazil international Antony at Ajax.

Across town from Manchester City, Erling Haaland has been snapped up for what could turn out to be a bargain £51.2m ($60.3m) and cheaper than the £60m of pounds ($71m) that Tottenham Hotspur handed over to Everton for Richarlison.

In the northeast of England, Newcastle United are set to bolster their frontline with Real Sociedad Alexander Isak for 70 million euros ($69.8m), and with the official closure of the window at 11 p.m. BST on September 1, more surprises may be in store.


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