The top five leagues in Europe spent a combined record \u00a35bn in the 2019 summer transfer window, an increase of \u00a3800m on the previous record set in 2018, according to Deloitte.
\nPremier League clubs spent \u00a31.41bn, following a flurry of signings on their deadline day on 8 August.
\nSpanish top flight clubs paid \u00a31.24bn in 2019, doubling spending from 2017.
\nClubs in Italy\u2019s Serie A, Germany\u2019s Bundesliga and France\u2019s Ligue 1 all set new transfer records in their leagues.
\nLa Liga sides spent a combined total of more than \u00a31bn for the first time, with Antoine Griezmann moving from Atletico Madrid to Barcelona for \u00a3108m, Joao Felix switching from Benfica to Atletico for \u00a3113m and Eden Hazard transferring from Chelsea to Real Madrid for \u00a390m.
\nScottish Premiership sides spent an estimated \u00a325m, with Old Firm rivals Celtic and Rangers making up the majority of that total, while other top teams utilised loan and free transfer methods for players.
\nHead of Deloitte\u2019s sport business group, Dan Jones says the record spending is \u201cunprecedented\u201d and has been driven by a number of factors, including additional money from new television contracts, and squad revamps resulting from managerial changes.
\n\u201cThe improved financial performance of European football clubs has also reduced the need for clubs to sell their best players,\u201d Jones said.
\nHe added, though, that Premier League spending has fallen.
\n\u201cLooking to the Premier League, this summer\u2019s player transfer expenditure fell narrowly short of record levels, and net spend was at its lowest level since summer 2015,\u201d he said.
\n\u201cWhile this level of net spend as a proportion of revenue of 11% is the lowest since summer 2011, we still expect wages to increase at a greater rate than revenue in the next couple of seasons.\u201d
\nThe European transfer window closed on 2 September.<\/p>\n","protected":false},"excerpt":{"rendered":"
The top five leagues in Europe spent a combined record \u00a35bn in the 2019 summer transfer window, an increase of \u00a3800m on the previous record set in 2018, according to Deloitte. Premier League clubs spent \u00a31.41bn, following a flurry of signings on their deadline day on 8 August. Spanish top flight clubs paid \u00a31.24bn in […]<\/p>\n","protected":false},"author":1,"featured_media":213864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-213849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/213849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213849"}],"version-history":[{"count":0,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/213849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/media\/213864"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}