Premier League clubs set new transfer spending record

As the 2015 summer transfer window has now closed, the gross spending of Premier League clubs has reached a new record, according to analysis from Deloitte.

Total Premier League clubs’ gross transfer spending finished at £870m, which is a £35m increase on the previous record set last summer (£835m).

The 2015 summer transfer window opened on July 1st, and closed at 6pm on Tuesday (Sept 1st),

With the other major European league transfer windows having closed last night, Premier League net transfer spending has also set a new record, at £460m – being the net amount that flows to overseas clubs and Football League clubs.

The club to spend the most in the transfer window was Manchester City, setting a new record for a single club with spending £160m on three new players: Wolfsburg’s Kevin De Bruyne (£54m), Liverpool’s Raheem Sterling (£49m), and Nicolas Otamendi (£32m) from Valencia.

To round off the top five most expensive players, which pushed the summer window to a new record, Manchester United forked out £36m on Monaco striker Anthony Martial and Aston Villa’s Christian Benteke cost Liverpool £32.5m.

Alex Thorpe from the Sports Business Group at Deloitte, said: “This summer has seen another record level of transfer spending, as Premier League clubs continue to use increases in their revenue to invest in playing talent.

“Total spending in 2015, across both the January and summer windows, is also a new record, reaching the £1bn mark for the first time.

“With all 20 of the Premier League clubs now ranked in the top 40 globally by revenue, we have seen clubs across the league compete successfully in the market for international talent. Premier League clubs’ gross spending on players from overseas clubs this summer totalled more than half a billion pounds.”