7 hrs ago

Premier League Smashes Summer Spending Record With £3.46bn Splurge

Premier League clubs spent more money on players this summer than ever before.

Altogether, they spent about £3.46 billion.

Manchester City spent the most, using £458 million to sign several players.

Its biggest reported deal was £125 million for Enzo Fernandez.

Three other players also moved for more than £100 million.

Many clubs bought players from other teams in the Premier League.

The league’s large broadcasting deals and changes to financial rules were cited as reasons for its spending power.

Some planned transfers were canceled before the deadline.

Key facts

Total spending: About £3.46 billion ($4.67 billion).
Top spender: Manchester City spent £458 million.
Largest reported transfer: Manchester City paid a reported £125 million for Enzo Fernandez from Chelsea.
£100 million-plus transfers: Enzo Fernandez, Elliot Anderson, Morgan Rogers and Bradley Barcola all moved for more than £100 million.
Premier League transfers: About 38% of deals were completed between Premier League clubs, compared with 30% last summer.
Previous spending: Last summer’s spending exceeded £3 billion, while the total five years ago was £1.13 billion.
Promoted clubs: Ipswich, Coventry City and Hull City spent more than £400 million combined.

telegraphindia.com · 6 hrs ago

rediff.com · 12 hrs ago