Premier League transfers hit £490m in summer window

Sir Alex Ferguson, Robin van Persie Dutchman Robin van Persie left Arsenal after eight years to sign for Manchester United

English Premier League clubs' spending on players reached almost £500m during the summer transfer window, which closed on Friday night, figures show.

Analysts Deloitte's sport business unit said the total spent was £490m ($778m), just short of the record £500m of 2008.

This was marginally up from the £485m spent in summer 2011.

Major moves this summer included Robin van Persie's £24m switch from Arsenal to Manchester United and Chelsea's purchase of Eden Hazard for £32m.

Deloitte said £110m was spent on Friday's transfer deadline day, up from £100m last year.

This included Manchester City buying midfielder Javi Garcia for £16m, Southampton signing winger Gaston Ramirez for an estimated £12m and Tottenham's £11.8m capture of goalkeeper Hugo Lloris.

Five clubs - Chelsea, Tottenham, Manchester City, Manchester United and Arsenal - spent in excess of £30m each over the summer.

Newly promoted Southampton, back in the Premier League just three years after going into administration, are estimated to have spent just short of £30m.

About £300m of the total spend went to clubs abroad, and £50m of it to those in the Football League.

Manage costs

Dan Jones, partner at Deloitte Sports Business Group, said: "While the highest levels of spending continue to be at those clubs competing at the upper end of the Premier League and in European competition, we have also seen significant investment by the newly promoted teams looking to establish themselves in the Premier League."

He said the key challenge for Premier League clubs remained how to manage costs - notably transfer expenditure and players' wages.

Top teams hoping to play in European competition also needed to pay attention to Uefa's financial fair play regulations, requiring clubs not to spend more then they earned, he added.

Deloitte said Premier League clubs would be even better off when new television deals kicked in next season.

Meanwhile, a UK accountancy firm said the continued big spending from Premier League clubs showed the league was isolated from any fears surrounding the euro currency, unlike many of its European counterparts.

"All of the domestic broadcast deals are done in pounds and they far outweigh the overseas deals, so that is a good buffer against any euro crash," said Pete Hackleton, of the sports and entertainment team at firm Saffery Champness.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • Peaky Blinders publicity shotBrum do

    Why is the Birmingham accent so difficult to mimic?


  • Oliver CromwellA brief history

    The 900 year story behind the creation of a UK parliament


  • Image of Ankor Wat using lidarJungle Atlantis

    How lasers have revealed an ancient city beneath the forest


  • TheatreBard taste? Watch

    Are trailer videos on social media spoiling theatre?


  • Agents with the US Secret Service, such as this one, are responsible for guarding the presidentHard at work

    White House break-in adds to Secret Service woes


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.