Post by craig johnson on Jul 19, 2014 18:40:16 GMT
Premier League: Transfer spend hits £360m in first two months
Premier League transfer spending this summer has risen by £60m from the same point last year.
The increase, to £360m from £300m in July 2013, means this transfer window is likely to surpass the record of £630m set last year, according to Deloitte's Sports Business Group.
"This summer transfer window has so far seen a higher level of spending than in any previous summer window," said Deloitte's consultant Alex Thorpe.
"It may well be a new record summer."
The transfer window, which officially begins at midnight on the final day of the season, has now been open for two months. It closes on 1 September.
This year's outlay so far also dwarfs the figures from other previous years. In 2012, spending stood at £190m at this point, while in 2012, it was £150m.
Last year Premier League clubs went on to spend £630m over the summer transfer window as a whole.
The transfer window so far has been dominated by big-money signings from foreign leagues. International signings have accounted for over 60% of incoming cash transfers, with eight of the 10 biggest transfers involving a player from a overseas club.
Manchester United's £27m deal for Luke Shaw and Liverpool's £25m purchase of Adam Lallana are the biggest domestic deals.
Gordon Taylor, chief executive of the Professional Footballers' Association, told BBC Sport he was troubled by the growing trend in international signings.
"What concerns us is that young English players aren't getting the chance to break through any more," he said. "The pattern is only going one way.
"It's no use Uefa having quotas for home-grown players in the squad - it needs to apply to the starting line-up. Otherwise I can't see the situation changing."
Looks like teams MUST spend £60 mil every season. No wonder it costs a fortune to watch footy on the tv now.
