English Premiership

Premier League smashes spending records

2015-02-03 12:58
EPL logo (File)

London - Premier League clubs spent a record £950 million combined in the 2014/15 pre-season and mid-season transfer windows, according to a report published by financial analysts Deloitte on Tuesday.

READ: THE TOP FIVE JANUARY TRANSFERS

The report said spending in the January transfer window concluded Monday equalled the £130 million amount during last year's corresponding buying period.

Although Monday's deadline day was relatively low key, with Premier League leaders Chelsea's signing of Colombia winger Juan Cuadrado from Fiorentina the headline purchase, clubs still spent more on the final day of this particular window - £45 million - than they did at the climax of the January 2014 market (£35 million).

However, the final figure of £130 million was well below the record January spend of £225 million in 2011 when Chelsea broke the record for a transfer between two British clubs by signing striker Fernando Torres from top-flight rivals Liverpool for £50 million.

Nevertheless, the total spent by clubs across the two windows has surpassed the previous highest of £760 million in the 2013/14 season and is a further example of the increased financial strength of leading English clubs, who have benefitted from increased television and other broadcast revenues.

"Given the record level of spending seen in the summer (pre-season), it is not entirely surprising that we haven't seen a new record for the January window," said Dan Jones, partner in the Sports Business Group at Deloitte.

"However, with all Premier League clubs recording record revenues, we might have expected one or two more major deals in this window."

He added: "Despite the relative restraint we have seen in the January window, 2014/15 is still a record season for Premier League spending.

"Last season saw Premier League spending surpass the £700 million threshold for the first time, and the revenue growth at Premier League clubs is such that they have been able to record a combined transfer spend this season of over £950 million."

At today's exchange rates £950 million is equivalent to R16 388 976 813.00 (That's over 16 billion rand). 

SEE ALL THE COMPLETED DEALS HERE!

NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Tuesday, 12 December 2017
Burnley v Stoke City, Turf Moor 21:45
Crystal Palace v Watford, Selhurst Park 22:00
Huddersfield Town v Chelsea, The John Smith's Stadium 22:00
Wednesday, 13 December 2017
Swansea City v Manchester City, Liberty Stadium 21:45
Newcastle United v Everton, St. James' Park 21:45
Southampton v Leicester City, St. Mary's Stadium 21:45
Liverpool v West Bromwich Albion, Anfield 22:00
West Ham United v Arsenal, London Stadium 22:00
Manchester United v AFC Bournemouth, Old Trafford 22:00
Tottenham Hotspur v Brighton & Hove Albion, Wembley Stadium 22:00
Saturday, 16 December 2017
Leicester City v Crystal Palace, King Power Stadium 14:30
Stoke City v West Ham United, Bet365 Stadium 17:00
Arsenal v Newcastle United, Emirates Stadium 17:00
Chelsea v Southampton, Stamford Bridge 17:00
Brighton & Hove Albion v Burnley, The American Express Community Stadium 17:00
Watford v Huddersfield Town, Vicarage Road Stadium 17:00
Manchester City v Tottenham Hotspur, Etihad Stadium 19:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2017/18 season?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

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.