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Clubs set new spending record


Fernando Torres

Fernando Torres

Fernando Torres

Premier League clubs smashed the spending record in the January transfer window by £50million with a total of £225million splashed out.

The previous record of £175million was set in January 2008, with a similar figure in 2009 according to business analysts Deloitte. Chelsea, Liverpool and Manchester City were among the big spenders with Fernando Torres' £50million switch from Anfield to Stamford Bridge a new record between UK clubs.

Dan Jones, partner in the Sports Business Group at Deloitte, said: "While Premier League club revenues have never been higher, we were surprised to see more than £200million spent in a January window for the first time, particularly after only around £30million was spent in January last year."

He added: "However, when you scratch beneath the surface you find that around 80% of the total spending of £225m is concentrated across only four clubs (Chelsea, Liverpool, Aston Villa and Manchester City) and spread across only six players, so this was a particularly polarised window, with only a few clubs flexing their financial muscles on what was a deafening final day of an otherwise quiet window."

Deloitte's report shows the Premier League easily outspent other leagues in Europe.

Jones added: "January is often a relatively quiet window, with total gross spending driven and dominated by a small number of high-value transfers, as has certainly been the case again this year with only four Premier League clubs spending more than £10million.

"For the majority of clubs, the combination of a continued lack of available credit and reduced operating profitability and liquidity continues to be the norm, which has put the brakes on their spending.

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"However, the higher and more evenly shared revenues seen in the Premier League have again seen its clubs outspend clubs in the top divisions in France, Germany, Italy and Spain."

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