EPL teams clear $3B, smash record transfer spend
Briefly

EPL teams clear $3B, smash record transfer spend
"Premier League clubs spent a record £3 billion ($4 billion) in a summer transfer window that finished with a bang thanks to Liverpool's £125 million ($169 million) signing of Newcastle United striker Alexander Isak. The figure, as estimated by finance company Deloitte, smashed the previous record of £2.36 billion two summers ago. Liverpool spent more than £400 million in the window, a record for a Premier League club, with Arsenal, Chelsea, Manchester United and Isak's former club Newcastle all breaking the £200 million barrier."
"The first year of a new domestic television rights cycle, along with a record six English clubs having Champions League windfalls to call on, helped provide the financial might for this latest burst of spending. "It's the data that we've looked at over the last few years on transfers and the revenue that the Premier League turns over as well, and obviously that then flows through to the clubs," Lunn continued."
Premier League clubs spent a record £3 billion in the summer transfer window, capped by Liverpool's £125 million signing of Alexander Isak. Liverpool's total spending exceeded £400 million, a club record, while Arsenal, Chelsea, Manchester United and Newcastle each spent more than £200 million. Deloitte estimated the total and noted the competitive push among clubs to secure European qualification. The first year of a new domestic television rights cycle and Champions League windfalls for six English clubs provided significant financial firepower. Transfer activity and revenue growth have flowed into club spending, reflecting the league's commercial scale and success.
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