London - Premier
League clubs' spending has set a new record for a single transfer
window as the historically lavish spree reached £1.17 billion on Thursday.
With a week to go until the window closes, Deloitte's Sports Business
Group say the 20 English top tier teams have shattered the previous
record of £1.165 billion for one league in a single window, which was
set by the Premier League last year.
Fuelled by global broadcast rights deals totalling £8.4 billion, 12
Premier League teams have broken their transfer record since the end of
Liverpool's record went on £39 million Mohamed Salah, Arsenal broke
theirs for £50 million Alexandre Lacazette, while Chelsea, Tottenham and
Everton set new marks with the signings of Alvaro Morata, Davinson
Sanchez and Gylfi Sigurdsson respectively.
Manchester City were the biggest spenders, with boss Pep Guardiola
shelling out £221.5 million, including £54 million on Tottenham defender
Manchester United manager Jose Mourinho splurged £145.8 million on
three players, with the marquee recruit, Everton striker Romelu Lukaku,
for a British record £75 million.
Everton are currently third in the spending chart after paying £139.9 million on new signings funded by the Lukaku sale.
Some fear the spending is unsustainable and could put the financial health of clubs at risk in the long-term.
But Deloitte consultant Chris Stenson believes the unprecedented fees
are in line with reasonable expectations, given the riches available to
Premier League clubs from the record broadcast deals which took effect
"The level of transfer expenditure in this summer's window has been
extraordinary but when analysed in the context of record broadcast,
commercial and matchday revenues, Premier League clubs are spending
within their means," he said.
"Their ability to generate these record revenues and attract the
world's very best playing talent continues to drive the Premier League's
status as the most commercially successful football league in the
Even newly-promoted Huddersfield have broken their transfer record
four times as the impact of the television deal is felt throughout the
Despite Paris Saint-Germain paying a world record £200 million to
sign Brazil striker Neymar from Barcelona, the Premier League teams have
easily out-gunned the other top European leagues.
There is every chance the new record will climb even higher as teams
fine-tune their squads with more spending in the final days of the
transfer market, which won't reopen until January.
"We expect further significant expenditure in the next seven days as clubs seek value in the market," Stenson said.
"Last summer, Premier League clubs spent around £300m in the final
week of the window, more than they did throughout the entire January