Transfer deals set record figures

TRANSFER deals by Premier League clubs set record figures this summer with about £500 million (€614 million) spent on bringing players in, an estimated £30m (€36m) more than last year.

According to figures produced by business advisory firm Deloitte, the spending spree sparked by a new TV deal last year has shown no signs of slowing.

“This level of transfer spending is far in excess of spending by other European leagues,” said Paul Rawnsley, director of the Sports Business Group at Deloitte.