Premier League clubs have spent more than £1bn on transfers in a season for the first time, new figures reveal.

A record £965m was spent in 2014-15, but that figure has already been beaten, with clubs having until 23:00 GMT on Monday to sign further players.

The 20 clubs have already spent £130m in the January transfer window alone, with Newcastle spending £29m.

 

They have signed Jonjo Shelvey, Andros Townsend and Henri Saivet, and bid £21m for West Brom striker Saido Berahino.

Dan Jones, partner in the Sports Business Group at Deloitte, said: "We've seen Premier League clubs again use the January window to invest significantly in playing talent.

"With a day left, the total gross spending this season has already reached £1bn for the first time." 

Premier League spending since 2003-04 SeasonSummer transfer windowJanuary transfer windowTotal *2015-16 January transfer window figures as at 09:00 GMT on 1 February 2003-04 £215m £50m £265m 2004-05 £215m £50m £265m 2005-06 £235m £70m £305m 2006-07 £260m £60m £320m 2007-08 £470m £175m £645m 2008-09 £500m £170m £670m 2009-10 £450m £30m £480m 2010-11 £365m £225m £590m 2011-12 £485m £60m £545m 2012-13 £490m £120m £610m 2013-14 £630m £130m £760m 2014-15 £835m £130m £965m 2015-16 £870m £130m so far £1bn so far

 

1 response found
Staff Member on Monday, 01 February 2016 13:53 said:
All this money and football is on the decline!
Where are all the future football stars coming from. The F.A. and Premier League has a lot to answer for.
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