As the 2023 summer window finally closes, Premier League clubs have reached another record spending having churned out a whopping £2.36bn.
According to financial services company Deloitte, the cumulative expenditure of the 20 teams throughout the window breaks the previous spending record of £1.92bn set last summer by £440m.
On deadline day alone, Premier League clubs spent £255 million, more than doubling the £120 million they spent on the same day during the previous summer’s window.
With the January transfer window still to come, that already makes the 2023–24 season’s transfer spending the second-highest ever, behind only last season’s record £2.73 billion.
Read Also: SportsBusiness: Premier League transfer spending rises to record-breaking level
Other records include:
Premier League transfers accounted for 48% of total spending across the ‘big five’ European leagues – La Liga, Serie A, Bundesliga and Ligue 1;
Premier League clubs received £550m in transfer fees from overseas clubs, more than double the previous record of £210m in the summer of 2022;
With the exception of Spain’s La Liga, gross transfer spend increased in all of Europe’s ‘big five’ leagues;
Only two of Europe’s ‘big five’ leagues spent more on transfers than they received – the Premier League and Ligue 1;
There were 13 Premier League transfers valued at over £50m, which is more than the previous two summer transfer windows combined.
The post SportsBusiness: Premier League clubs’ spending hits £2.36bn after deadline day appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.