Monday 2 September 2013

Premier League clubs spending big

Source BBC News@ tienganhvui.com


Simon Mignolet of LiverpoolLiverpool bought keeper Simon Mignolet from Sunderland for £9m



Premier League clubs have broken their transfer spending record during the summer window, which closes on Monday.


Spending currently stands at £510m, ahead of the previous record of £500m.


The transfer window will close at 23:00 BST on Monday 2 September. The normal deadline of 31 August was extended, as this year, the date fell on a Saturday.


Alex Thorpe, a consultant in the Sports Business Group at Deloitte, said there could be significant further player signings before the closing deadline.


"This morning we have seen Premier League gross spending break the previous record of £500m," he said.


"The total is now £510m, which is £100m more than that at this point last year and we expect significant further spending as the deadline approaches.


"Last year saw £100m spent on the final day of the window and with a number of clubs still to do business, we will watch with interest... to see just how big the new record will be."


Gross spending now stands at around £510m, with net spending at £325m.


Clubs are flush with cash from their latest domestic three-year TV deal.


BT has spent £738m over three years for the rights to 38 live matches a season. while Sky paid £2.3bn for 116 matches a season.


Big names such as Arsenal and Manchester United have been quiet so far in the transfer market, but have been shadowing a number of big names.


In contrast, Tottenham Hotspur have been on a spending spree, splashing out more than the £85m they have received from Real Madrid for the sale of Gareth Bale.





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