Premier League clubs spent a record £2.36bn on signings

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Premier League clubs spend record 2.36 billion pounds on reinforcements

Football player West Hamu's Declan Rice (left) tries to stop Manchester City's Ilkay Gündogan.

London – Football clubs from the Premier League spent 2.36 billion pounds (roughly 66 billion crowns) on reinforcements during the summer transfer period. It was already clear a week ago that they would beat last year's record. The total amount was published today by Deloitte, and according to its analysis, the amount is 440 million more than a year ago. The transfer window started on June 14 and ended at midnight today.

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During last summer twenty English clubs invested a total of 1.92 billion pounds. This year, they account for almost half (48 percent) of the total spending of all the top five competitions in Europe, which also includes Spain's LaLiga, Italy's Serie A, the Bundesliga and France's Ligue 1.

While last year, no transfer fee to the Premier The League has failed to break the £100m mark, now falling twice. Chelsea bought midfielder Moises Caicedo from Brighton for 100 million, with bonuses the severance fee can rise to 115 million. Arsenal paid 100 million for Declan Rice and possible bonuses could increase the amount by another five million.

“The second summer in a row of record spending by Premier League clubs suggests that year-on-year sales growth could return after the pandemic. This almost three-quarters of clubs spent more this summer,” Tim Bridge from Deloitte told the BBC.