Top Trusted
Home  ›  Gaming News  ›  Game Reviews  ›  Premier League clubs spend over £950 million in 2014-15 season – report

Premier League clubs spend over £950 million in 2014-15 season – report

by new_c_admin

Premier League clubs spent over 950 million pounds in the 2014-15 summer and winter transfer windows — a new record, according to Deloitte. Research from business advisory firm Deloitte showed that Premier League clubs had spent 80 million pounds going into deadline day on Feb. 2, but a number of late deals saw a similar spend — 130 million pounds — to the previous year’s winter window. Deals for Manchester City (Wilfried Bony), Chelsea (Juan Cuadrado) and Arsenal (Gabriel) saw the trio end the window at the top flight’s highest spenders, grossing around 50 percent of the total Premier League spend. The net spend fell well short of the record of 225 million pounds set in 2011, when Fernando Torres moved from Liverpool to Chelsea for 50 million pounds, though clubs spent more on deadline day (45 million pounds) than they did on 2014’s deadline day (35 million pounds). Despite a relatively quiet month of deals, Deloitte’s research shows that the 2014-15 season has still been a record year for Premier League transfers, with clubs spending over 950 million pounds — Manchester United’s 153 million-pound summer outlay being a standout figure — to beat last season’s record of 760 million pounds. Dan Jones, partner in the Sports Business Group at Deloitte, said: “Given the record level of spending seen in the summer, it is not entirely surprising that we haven’t seen a new record for the January window. However, with all Premier League clubs recording record revenues, we might have expected one or two more major deals in this window. “Despite the relative restraint we have seen in the January window, 2014-15 is still a record season for Premier League spending. Last season saw Premier League spending surpass the 700 million-pound threshold for the first time, and the revenue growth at Premier League clubs is such that they have been able to record a combined transfer spend this season of over 950 million pounds.” The acquisition of new players from overseas clubs accounted for 65 million pounds (50 percent) of Premier League clubs’ gross transfer spending, followed by acquisitions from fellow Premier League clubs (55 million pounds, 42 percent), and acquisitions from Football League clubs (10 million pounds, eight percent). In aggregate, Premier League clubs have now spent over 1.3 billion pounds to acquire new players in the 13 January transfer windows (2003-15). On average, the clubs’ transfer spending in January is equivalent to around one-fifth of total transfer spending in each year. Top division clubs in Italy are the second-highest gross spenders this January, with total reported transfer spending of around 50 percent of the Premier League total. Total transfer spending by top division clubs in both Germany and Spain was around 40 percent of that by Premier League clubs. Meanwhile gross transfer spending by French clubs was around a quarter of that seen at Premier League clubs. Information from the Press Association was used in this report.

You may also like