Premier League clubs spend record £630m

Premier League clubs spent a record £630m
in the summer transfer window, according
to Deloitte's Sports Business Group.
The previous record of £500m was set in
2008. The transfer window closed at 23:00 BST
on Monday.
Among the big signings on Monday was Mesut
Ozil who is going from Real Madrid to Arsenal
for £42.4m.
Manchester United left it late in the day to
sign Marouane Fellaini for £27.5m from
Everton.
"The story of this summer transfer window is
of new records: a new record for Premier
League spending as well as a new world
transfer record fee," said Dan Jones at
Deloitte.
The record transfer fee was for Gareth Bale,
who was sold to Real Madrid by Tottenham
Hotspur for £85m.
Premier League clubs are flush with cash from
their latest domestic three-year TV deal.
BT has spent £738m over three years for the
rights to 38 live matches a season, while Sky
paid £2.3bn for 116 matches a season.
"Testament to the impact this is having is in
the scale of Premier League gross spending, as
well as the gulf in net spending between the
Premier League and other European leagues,"
said Alex Thorpe at Deloitte.
"Whereas many clubs around Europe have
been reliant on selling players in order to
spend, the financial advantages Premier
League clubs enjoy has enabled net spending
of £400m across the league."
Although they have not matched the Premier
League, spending in other major European
leagues has also been up.
La Liga and Serie A each had gross spending of
£335m, followed by Ligue 1 in France with
£315m and Germany's Bundesliga with £230m.