With under a week to go in the 2017/18 transfer window, Premier League clubs have already set a new record when it comes to outlay.
A new spending record was set in 2016/17 where £1.165billion was spent across the window, but figures from Deloitte’s Sports Business Group show that as of 9am on Thursday, the gross transfer spend by top flight clubs stood at £1.17billion already being reached.
As said, that’s with just under a week to go, so chances are that will certainly grow as deadline day nears.
At the same stage last year, clubs had spent £865million.
Manchester City have spent the most so far this window with Pepe Guardiola’s captures accounting for over £200million and Manchester United and Chelsea are nearest with Romelu Lukaku and Alvaro Morata big captures for them.
Speaking to the BBC Deloitte consultant Chris Stenson explained.
‘The level of transfer expenditure in this summer’s window has been extraordinary. But when analysed in the context of record broadcast, commercial and matchday revenues, Premier League clubs are spending within their means.’
He added.
‘We expect further significant expenditure in the next seven days as clubs seek value in the market. Last summer, Premier League clubs spent around £300m in the final week of the window, more than they did throughout the entire January 2017 window.’
There will certainly be eyes on Financial Fair Play when the final spend is known as 2017 spending, including last January, now stands at £1.385billion.
Football is what it’s name suggests,a game of football.Fr 1.1 Billion pounds a small country’s economy could be run for a whole year.If spending were stopped just for one season hundreds of thousands of peoples lives could be saved in third world countries.It’s nothing to be proud of that this kind of money is being spent,making footballers more millions than they could spend,agents filling their back pockets.It’s gotten crazy and will get worse with each passing year.