EPL Transfers: Clubs spend £490m on summer transfers

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EPL: Clubs spend £490m on transfers
London, Sept 4: Barclays Premier League clubs have spent nearly half a million pounds this summer transfer window, according to analysis by business advisory firm Deloitte.

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The analysts sport business unit suggested that Premier League clubs total expenditure was exactly £490m, £10m less than the record £500m in 2008 and above £485m spent during the summer in 2011.

Five major clubs Manchester United, Manchester City, Chelsea, Arsenal and Tottenham have crossed the £30m-mark during the transfer window. Transfers like Robin van Persie's £24 million move from Arsenal to Manchester United and the £32m transfer of Eden Hazard from Lille to Chelsea have been some of the major transfer deals.

Out of the £490m spent, £110m was spent during deadline day on Aug 31, £10m more than last year. Premier League champions Manchester City, who were quiet throughout the transfer season, splashed £40m on five players including a £16m move for Benfica midfielder Javi Garcia.

Other signings during deadline day saw newly promoted Southampton break their club-record fee of £15m for Bologna winger Gaston Ramirez and although Tottenham failed to sign Joao Moutinho, Andre Villas-Boas made a last ditch move for Lyon goalkeeper Hugo Lloris and Clint Dempsey.

Overall, about £300m of the total amount went abroad while £50m of it went to clubs in the Football League.

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