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Premier League spending hits £1billion for season

Published 01/02/2016

Manchester United's Anthony Martial, right, and Memphis Depay are among this season's costly purchases
Manchester United's Anthony Martial, right, and Memphis Depay are among this season's costly purchases

Transfer spending by Premier League clubs this season has surpassed the £1billion mark for the first time, according to Deloitte.

It may have been a quiet start to deadline day on Monday, but total spending in the whole of the 2015-16 campaign has already reached an eye-watering amount.

Deloitte estimates that £130million has been spent so far in the January transfer window, which takes the total sum for the season beyond £1billion for the first time in history.

Dan Jones, partner in the Sports Business Group at Deloitte, said: "We've seen Premier League clubs again use the January window to invest significantly in playing talent. With a day left, the total gross spending this season has already reached £1bn for the first time."

Newcastle have been the biggest spenders of the January window so far, bringing in the likes of Jonjo Shelvey, Andros Townsend and Henri Saivet for a combined total of almost £29million.

The Magpies are expected to make further additions to their squad before Monday's 11pm deadline, with West Brom striker Saido Berahino top of their wishlist.

Newcastle spent £46million last summer while Manchester City parted with over £150million to sign Kevin De Bruyne, Fabian Delph, Raheem Sterling and Nicolas Otamendi to help their title charge.

Manchester United also spent over £100million on six new signings and Liverpool invested almost £80million in new players, although most of that money came from the sale of Sterling to City.

The likes of Norwich, Bournemouth and Sunderland have all spent over £15million in the current window, which highlights their determination to stay in the Premier League in order to start reaping the rewards from the £5.136billion TV deal that kicks in from next season.

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