Spending by clubs in Europe’s Big Five leagues totalled a record 5.5 billion euros during the close season transfer window, financial analyst Deloitte’s...
Spending by clubs in Europe’s Big Five leagues totalled a record 5.5 billion euros during the close season transfer window, financial analyst Deloitte’s Sports Business Group said on Tuesday.England’s Premier League clubs spent 1.55 billion euros with a net spend of 635 million euros.Italy’s Serie A Germany’s Bundesliga the French Ligue 1 all set new records.
“This unprecedented level of spend has been driven by a number of factors, including additional income from new league broadcast cycles, participation in, and subsequent distributions from, UEFA club competitions.” Spain’s Atletico Madrid signed 19-year-old striker Joao Felix from Benfica for 126 million euros while FC Barcelona landed France international forward Antoine Griezmann from Atletico Madrid for 120 million euros.
Net spend in the Premier League fell by 50 million pounds since the league’s deadline day on August 8.
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