English Premiership

EPL clubs' transfer spending nears £500m

2016-08-02 16:08

London - Premier League clubs have already splashed out  £475 million ($631 million, 562 million euros) since the transfer window reopened in July, according to business analysts Deloitte.

Bolstered by the increased revenue from the Premier League's new £5.1 billion television deals, the 20 top-flight teams have been throwing money at a host of new signings and Deloitte say the spending could shatter the £1 billion mark for the first time in the pre-season window.

The current figure of £475 million is slightly less than the £515 million spent by Premier League teams at the same stage in 2015, which led to an eventual £870 million outlay in the whole window.

Leroy Sane's £37 million move to Manchester City is not included in the figures as it was only confirmed on Tuesday.

And the spending figure would rise significantly if Manchester United complete their reported world record £100 million move for Juventus midfielder Paul Pogba.

Chelsea, linked with a £65 million deal for Everton striker Romelu Lukaku, could also add to the rising transfer total.

"The prospect of increased revenue from the new broadcast deals next season has encouraged Premier League clubs to invest in this window in order to be as competitive as possible," Alex Thorpe, senior manager in the sports business group at Deloitte, told the BBC.

"With a month of the window still to go, some significant deals in the pipeline and a number of clubs yet to enter the market, we may see another summer of record Premier League spending, possibly breaking the 1bn barrier for the first time."

Read more on:    english premiership  |  soccer
NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
30 September 2016
Everton v Crystal Palace, Goodison Park 21:00
01 October 2016
Swansea City v Liverpool, Liberty Stadium 13:30
West Ham United v Middlesbrough, Olympic Stadium 16:00
Sunderland v West Bromwich Albion, Stadium of Light 16:00
Hull City v Chelsea, The KC Stadium 16:00
Watford v Bournemouth, Vicarage Road 16:00
02 October 2016
Manchester United v Stoke City, Old Trafford 13:00
Leicester City v Southampton, King Power Stadium 15:15
Tottenham Hotspur v Manchester City, White Hart Lane 15:15
Burnley v Arsenal, Turf Moor 17:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Will Jose Mourinho lead Manchester United to the English Premiership title in 2016/17?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

Big month in the world of golf as the FedEx Cup concludes on the PGA Tour, the Race to Dubai gathers steam on the European Tour and the Sunshine Tour offers local golfers the chance to bank some cash. Oh, and not forgetting the USA v Europe Ryder Cup showdown at Hazeltine!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.