Cash-flush clubs swoop

02 September 2016 - 10:01 By Reuters

Records tumbled in the transfer window as Premier League spending totalled £1.165-billion (R22.71-billion) , financial analyst Deloitte's Sports Business Group said yesterday. The outlay represents a 34% rise on the previous highest in all windows of £870-million set 12 months ago. Overall spend by clubs in 2016-2017 already represents a record for a single Premier League season."This is the fourth consecutive year the summer transfer spending record has been broken," said Business Group partner Dan Jones.Manchester United broke the world record when they re-signed France midfielder Paul Pogba from Juventus for £89-million, eclipsing the previous highest of £84.20-million paid by Real Madrid for Gareth Bale in 2013.Manchester City were one of 13 Premier League clubs who surpassed their own transfer records when they paid £47.5-million for Everton defender John Stones."For clubs traditionally at the upper end of the table who have been investing most significantly, commercial revenue growth has been a critical enabler of the increases," said Jones.Champions Leicester City's à30-million (R492-million) swoop for striker Islam Slimani from Sporting Lisbon was one of the biggest moves on a hectic deadline day on Wednesday.Chelsea splashed out £34-million to bring Paris St Germain defender David Luiz back for a second spell at Stamford Bridge, while Tottenham Hotspur spent £30-million for Newcastle midfielder Moussa Sissoko."We also saw a new record for Premier League summer deadline day spending, with £155-million spent in the final 24 hours," said Jones."This, a new overall spending record, as well as the new record for the highest fee paid for a player by any English club, are further indicators of the ever-increasing purchasing power of the Premier League." ..

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