Premier League clubs went on a £155million deadline-day spree as transfer window spending this summer smashed through the £1billion barrier for the first time.
Deloitte’s Sports Business Group analysis shows the latest window, which closed at 11pm Wednesday night, saw top-flight clubs invest at record levels for the fourth successive season.
Premier League clubs spent £1.165billion in total this summer.
At the beginning of the 2013-14 season, the summer transfer spending record had stood at £500million.
The first wave of a new broadcast deal fuelled a major recruitment drive for not just the traditional big spenders, but all teams in the top flight.
This summer not only saw Manchester United set a new British transfer record with their £89million capture of France international midfielder Paul Pogba, but also Manchester City spend £47,500,000 to bring John Stones to the Etihad Stadium – a British record fee for a defender.
Moussa Sissoko’s last-gasp move from Newcastle to Tottenham and David Luiz’s surprise return to Chelsea from Paris Saint-Germain accounted for in excess of £60million of the late spending.
There was a knock-on effect too in the Championship as relegated Newcastle contributed to a record £215million gross spend, although the Magpies raked in around £68million from the sales of Sissoko, Georginio Wijnaldum and Andros Townsend alone.
Meanwhile, fellow relegated club Aston Villa were the eight-highest spending team in the whole of England after spending £60m on revamping their squad for the second tier.
Deloitte partner Dan Jones said: “This summer saw a record £215m gross spend by Championship clubs, more than twice the previous record, driven by the investment of recently relegated clubs seeking an immediate return to the Premier League as well as by that of ambitious Championship clubs seeking entry to the world’s richest football league.”