Thursday, 1 September 2016

TRANSFER DEALS IN THE PREMIER LEAGUE HIT RECORD 1.165 BILLION POUNDS ACCORDING TO FINANCIAL EXPERTS, DELOITTE

Deals on transfer deadline day took Premier League spending to a record £1.165 billion ($1.53bn), according to a BBC report using figures from Deloitte.
Wednesday saw a number of switches made before the close of the transfer window, with Chelsea among the big spenders with their re-signing of defender David Luiz from Paris Saint-Germain for a reported £35 million ($46.02m).
Chelsea also signed left-back Marcos Alonso from Fiorentina in a deal reportedly worth £23m ($30.24m), while Tottenham Hotspur completed a late move for Moussa Sissoko from Newcastle United for £30m ($39.44m).
Premier League champions Leicester City, meanwhile, brought in Algeria striker Islam Slimani from Sporting Lisbon, with sources close to the club telling ESPN FC that the fee for the 28-year-old was €35 million, which would be a club record for the Foxes.
The moves saw Premier League sides spend more than £155m ($203.76m) on deadline day, adding to the £1bn ($1.3bn) spent already -- with 13 teams breaking their transfer records -- which made it a fourth successive summer that a new record has been set for top-flight spending in England.

In 2015, the Premier League announced a 70 percent increase in the value of its British television rights for the 2016-19 seasons with Sky and BT paying a combined £5.136bn ($7.8bn) to show games.
That agreement has swelled the money available for clubs to spend, with Manchester United's signing of Paul Pogba from Juventus for £89.3m ($117.41m) setting a new world-record.
"As has been the case for a number of years now, the increases in broadcast revenue, with the 2016-17 season being the first of the new broadcast deal cycle, is the principal driver of this spending power," Dan Jones, a partner at financial analyst Deloitte, said.

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