Deals on transfer deadline day took Premier League
spending to a record £1.165 billion ($1.53bn), according to a
BBC report using figures from Deloitte.
Wednesday saw a number of switches made before the
close of the transfer window, with Chelsea among the big
spenders with their re-signing of defender David Luiz from
Paris Saint-Germain for a reported £35 million ($46.02m).
Chelsea also signed left-back Marcos Alonso from Fiorentina
in a deal reportedly worth £23m ($30.24m), while Tottenham
Hotspur completed a late move for Moussa Sissoko from
Newcastle United for £30m ($39.44m).
PL #DeadlineDay spending: £150m+
PL summer spending: A record £1.165bn
Wow... https://t.co/arLlAPAD0C pic.twitter.com/OgXzKQ5BJI
- BBC Sport (@BBCSport) September 1, 2016
Premier League champions Leicester City, meanwhile,
brought in Algeria striker Islam Slimani from Sporting
Lisbon, with sources close to the club telling ESPN FC that
the fee for the 28-year-old was €35 million, which would be
a club record for the Foxes.
The moves saw Premier League sides spend more than
£155m ($203.76m) on deadline day, adding to the £1bn
($1.3bn) spent already -- with 13 teams breaking their
transfer records -- which made it a fourth successive
summer that a new record has been set for top-flight
spending in England.
In 2015, the Premier League announced a 70 percent
increase in the value of its British television rights for the
2016-19 seasons with Sky and BT paying a combined
£5.136bn ($7.8bn) to show games.
That agreement has swelled the money available for clubs to
spend, with Manchester United's signing of Paul Pogba from
Juventus for £89.3m ($117.41m) setting a new world-record.
"As has been the case for a number of years now, the
increases in broadcast revenue, with the 2016-17 season
being the first of the new broadcast deal cycle, is the
principal driver of this spending power," Dan Jones, a
partner at financial analyst Deloitte, said.
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