Premier League clubs spend record-breaking £1billion this summer

Premier League clubs have  smashed the £1billion spending barrier this summer. The league had already broke its own record last week after Manchester City’s signing of Bravo Pushed EPL club gross spending to £880 million topping the £870 million of last summer.EPL

It is the 4th successive summer that the record have been broken. 11 clubs namely Manchester United, Liverpool, Crystal Palace, West Ham, Southampton, Swansea City, Bournemouth, Leicester City, West Bromwich Albion, Watford and Burnley have all broken their transfer records, but it is Paul Pogba’s world-record £90m move to Old Trafford that stands out.

Hull City became the 12th club to break their transfer record after Ryan Mason move to the KCOM stadium from Tottenham’s White Hart Lane.

United’s rivals, Manchester City, also paid £47.5m to Everton for John Stones and bought Leroy Sane for £37m.

It was Arsenal’s £35m deal for Shkodran Mustafi, that took pushed the spending officially past the £1billion mark.

Partner and head of the Sports Business Group at Deloitte, Dan Jones said; “This is the fourth summer in a row where we have seen record-breaking spending by Premier League clubs,” .

“Buoyed by the prospect of increased revenue from the new broadcast deals, clubs’ gross spending has now passed last year’s record of £870m.”

The clubs have been helped by the decision to release their TV income in July, rather than at the beginning of August.

With the transfer window closing 11pm tonight – Here are the list of yesterday’s done deals & speculation/rumours are still on for deals to be completed before the curtain draw close tonight….

Done Deals
(*) Arsenal snap up German international Shkodran Mustafi for £35 million from Valencia

(*) Inter Milan have completed the signing of Brazil international & Santos sensation Gabigol

(*) Schalke have signed Ukraine star Yevhen Konoplyanka on loan from Sevilla with option to buy

(*) Middlesbrough have landed Arsenal’s Calum Chambers on loan till the end of the season

(*) Hull City have signed Ryan Mason from Tottenham for a club-record feee of £13 million

(*) Patrick Bamford have moved on loan from Chelsea to Burnley till the end of the season

(*) Chelsea’s Kennedy have completed a loan move to Watford till the end of the season

(*) Sunderland’s Jeremain Lens heads to Fenebache on a season long loan

(*) Barcelona have completed the £25.5 million signing of Paco Alcarer, while Munir El Haddadi heads onlLoan to the other side

(*) Chelsea striker Loic Remy have reunited with his former manager Alan Pandew at Crystal Palace on a season long loan.

Speculations/Rumours & Deals that could still happen

(*) Christian Atsu – Chelsea to Newscastle (Loan).

Image may contain: 2 people , text

(*) Julian Draxler – Wolfsburg to PSG for £64 million

(*) Mario Balotelli – Liverpool to Nice (Loan)

(*) Joe Hart – Manchester City to Torino (Loan)

(*) Marcelo Brozovic – Inter Milan to Chelsea for £24 million

(*) Jack Wilshere – Arsenal to anywhere (Loan)

(*) Heung-Min Son – Tottenham to Wolfsburg for £24 million

(*) Marcos Alonso – Fiorentina to Chelsea for £20 million

(*) Christian Atsu – Chelsea to Newscastle (Loan).

The post Premier League clubs spend record-breaking £1billion this summer appeared first on Royal Times of Nigeria Newspaper.