Transfer spending in the Premier League has reached £1 billion in a calendar year for the first time.
The English summer transfer window closed on Tuesday, with close-season spending reaching a new record of £870 million, according to analysis by business advisory firm Deloitte.
This marked a rise of four per cent on the 2014 figure of £835m and moves overall spending to the £1bn barrier when added to the £130m outlay by clubs during the January market.
Premier League clubs' gross and net spending this summer is more than double that of any other European league. The driving force behind this is the growth and distribution mechanism of the league’s broadcast rights."
Alex Thorpe, senior manager in the Sports Business Group at Deloitte, said:United's neighbours, Manchester City, recorded the highest gross spend by a Premier League club in the English summer window, with big-money moves to bring in Raheem Sterling, Nicolas Otamendi and Kevin De Bruyne making up the bulk of a £160m outlay.
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