EPL clubs spent £1.4 bn during summer transfer window
What's the story
English Premier League clubs splashed a record-breaking £1.4 billion on transfers in this summer window. The total sales were around £748 million making the net send £665 million. The clubs also set a new deadline day record by spending £210 million on the final day. The overall transfer spending figure passed the £10 billion mark since the very first transfer window in January 2003.
Buying spree
Manchester City were the biggest spenders
Manchester City spent £215m- the most in this window among all the Premier League clubs despite their £70m bid for Arsenal's Alexis Sanchez falling through. Chelsea (£180m) follow City while Manchester United (£145m) and Everton (£145m) are joint third on the list. The £75 United paid for Romelu Lukaku was the biggest transfer among the English clubs this summer.
Twitter Post
Premier League's statement on the 2017 summer transfer window
The 20 #PL clubs spent a net £665million in the 2017 summer transfer window, an average of £33.25m per club
— Premier League (@PLSpokesman) September 1, 2017
More: https://t.co/nVsYuMPbkV pic.twitter.com/tpkVRP1lIr
No surpirse
The record-breaking spending is not a surprise
The Premier League clubs broke their own record of overall spending in a window for the sixth summer in a row. The English top-tier clubs are enjoying a continued growth in revenues, primarily from broadcasting rights. In fact, the Premier League is more profitable than even the Champions League. It is no surprise that they are the leaders in the world's player transfer market.