English Premier League summer spending hits £485m

 
Peter Crouch Stoke broke their transfer record to sign Peter Crouch from Spurs for £10m

English Premier League clubs spent £485m in the summer transfer window, business analysts Deloitte have said.

Spending by the 20 English top-flight clubs was up £120m, or 33%, on last summer's outlay, Deloitte added.

Deadline-day signings included Mikel Arteta joining Arsenal from Everton and Raul Meireles leaving Liverpool for Chelsea - both for more than £10m.

Arsenal, Chelsea, Liverpool, Manchester City and Manchester United each topped £50m of transfer spending this summer.

'Top end'

In total these five clubs have committed to about 66% of Premier League clubs' transfer fees in the summer transfer window.

The transfer window closed at 23:00 BST on Wednesday.

Deloitte's Dan Jones said the "significant" increase meant clubs were spending again at the level seen between 2007 and 2009.

"This summer's spending is largely focussed amongst the top end Premier League clubs most strongly competing for domestic and European success and the consequent financial rewards," said Mr Jones, partner in the Sports Business Group at Deloitte.

Other significant transfers included Scott Parker moving from West Ham to Tottenham Hotspur for a reported £6m, while Stoke City broke their transfer record to bring Peter Crouch from Spurs for £10m.

'Home grown'

Transfer fees to overseas clubs were about £205m, 25% down on the level in summer 2010.

Start Quote

The resurgence of transfer spending is also apparent in other top European leagues”

End Quote Dan Jones Deloitte

This outlay to foreign clubs represents 42% of total transfer fees committed by Premier League clubs, compared to an unusually high figure of 75% in 2010.

Meanwhile, clubs spent about £165m on English players, being about 34% of their total spending of £485m ($788m).

Mr Jones added: "The football authorities' encouragement for home grown players has contributed towards the increased scale of fees for the transfer of young English talent this summer.

"The resurgence of transfer spending is also apparent in other top European leagues.

"Despite domestic difficulties delaying the start of their seasons, transfer spending is considerably up amongst clubs in Serie A and La Liga."

Meanwhile, Deloitte says that clubs in the Football League have reportedly spent around £30m in summer 2011.

"Net of amounts received from Premier League and overseas clubs, the Football League clubs benefit from a net inflow of around £60m this summer; significantly up on summer 2010 (£25m)," the Deloitte report said.

Graph showing Premier League gross transfer spending
 

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  • rate this
    +1

    Comment number 275.

    The money paid is ridiculous. Previous comments are right. Footballers kick a bag of air around.Big deal.Nurses save peoples lives and get paid poorly for the work they do. Entertainment? Hardly.The loyalty supporters show to their teams is sad.Do you think the millionaire players care about them? Not likely.The England football team is a joke.When the bubble bursts it will be a good thing

  • rate this
    +5

    Comment number 255.

    I wouldn't have any reservations about the money paid to entertainers of any sort, or anyone else for that matter, if they paid out their fair share of tax. But there comes a point in incomes where it is possible to minimise tax by paying out a few thousand to a tax adviser who can ensure that the tax they pay is a much lower proportion of their income than someone on the average wage.

  • rate this
    0

    Comment number 248.

    What people fail to realise is what fotball actually means to supporters. Lots started supporting teams as kids, local teams, maybe going with their parents - this isn't like banking. This is a family thing, plenty of clubs having family days and contributing to local economy and youth programmes. supporters are a part of the clubs and the clubs are part of supporters lives. this isn't blindly pay

  • rate this
    +2

    Comment number 244.

    Obviously the premier league is immune to the current global economic climate. Sky is pumping all the money into football and that is where most clubs are getting all their money their to spend. Us sky subscribers are helping the clubs buy these expensive world class players. In the long-term this is not sustainable and the clubs will pay the price in the future.

  • rate this
    +2

    Comment number 196.

    In this world you get paid according to your short term "bottom line" impact and not your worth to society.

    NHS nurses generate no profit, neither do teachers - they get paid little. People pay money to see a blockbuster film or a football match, if it is millions of people then the stars and footballers get very rich.

 

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