Premier League transfers tops £1billion for the first time in a season

Over £175million was spent in the January transfer window

Premier League transfers tops £1billion for the first time in a season

Stoke City's Giannelli Imbula was the most expensive player bought in January. Picture by: twitter.com/stokecity

Figures today released by the British company Deloitte reveal that Premier League clubs have spent more than £1billion (€1.37billion approx) on transfers for the first time ever in a single season.

The findings come the day after the January transfer window shut when teams spent over £175million. Aston Villa and Manchester United were the only teams not to make any signings.

Deloitte's Alexander Thorpe revealed the reason why so many clubs invested heavily last month: “The prospect of increased revenue from the new broadcast deals starting next season has encouraged clubs at the lower end of the Premier League to invest this window, so too have we seen significant spending by those clubs aspiring to Premier League status with spending by Championship clubs totalling over £30m this January.

Some of Deliotte's key findings included:

• This January saw the highest ever total spend by Premier League clubs on players from overseas clubs of £110m, compared with £65m in January 2015. The amount of business between Premier League clubs fell compared with January 2015, accounting for 26% of gross spending (£45m) this window, compared with £55m in January 2015. The acquisition of new players from Football League clubs totalled (£20m, 11%).

• Newcastle United, Norwich City and Watford have been the biggest gross spenders in this window, accounting for around 40% of the total transfer spending by Premier League clubs.

 

• Championship clubs’ total gross transfer spending in January 2016 was around £35m, with those clubs currently in the top six league positions accounting for around 70% of this spending.

• Top division clubs in Italy were the second highest gross spenders this January, with total reported transfer spending of around 30% of the Premier League total. Total transfer spending by top division clubs in both France and Spain was around 15% of that by Premier League clubs. Meanwhile gross transfer spending by German clubs was around a fifth of that seen at Premier League clubs.