We've updated our Privacy and Cookies Policy
We've made some important changes to our Privacy and Cookies Policy and we want you to know what this means for you and your data.
English Premier League summer spending hits 拢485m
English Premier League clubs spent 拢485m in the summer transfer window, business analysts Deloitte have said.
Spending by the 20 English top-flight clubs was up 拢120m, or 33%, on last summer's outlay, Deloitte added.
Deadline-day signings included Mikel Arteta joining Arsenal from Everton and Raul Meireles leaving Liverpool for Chelsea - both for more than 拢10m.
Arsenal, Chelsea, Liverpool, Manchester City and Manchester United each topped 拢50m of transfer spending this summer.
'Top end'
In total these five clubs have committed to about 66% of Premier League clubs' transfer fees in the summer transfer window.
The transfer window closed at 23:00 BST on Wednesday.
Deloitte's Dan Jones said the "significant" increase meant clubs were spending again at the level seen between 2007 and 2009.
"This summer's spending is largely focussed amongst the top end Premier League clubs most strongly competing for domestic and European success and the consequent financial rewards," said Mr Jones, partner in the Sports Business Group at Deloitte.
Other significant transfers included Scott Parker moving from West Ham to Tottenham Hotspur for a reported 拢6m, while Stoke City broke their transfer record to bring Peter Crouch from Spurs for 拢10m.
'91热爆 grown'
Transfer fees to overseas clubs were about 拢205m, 25% down on the level in summer 2010.
This outlay to foreign clubs represents 42% of total transfer fees committed by Premier League clubs, compared to an unusually high figure of 75% in 2010.
Meanwhile, clubs spent about 拢165m on English players, being about 34% of their total spending of 拢485m ($788m).
Mr Jones added: "The football authorities' encouragement for home grown players has contributed towards the increased scale of fees for the transfer of young English talent this summer.
"The resurgence of transfer spending is also apparent in other top European leagues.
"Despite domestic difficulties delaying the start of their seasons, transfer spending is considerably up amongst clubs in Serie A and La Liga."
Meanwhile, Deloitte says that clubs in the Football League have reportedly spent around 拢30m in summer 2011.
"Net of amounts received from Premier League and overseas clubs, the Football League clubs benefit from a net inflow of around 拢60m this summer; significantly up on summer 2010 (拢25m)," the Deloitte report said.
Top Stories
More to explore
Most read
Content is not available