Premier League clubs spend record 1.95 bln pounds in transfer window

Premier League clubs spend record 1.95 bln pounds in transfer window

Premier League clubs have set a new record by spending 1.95 billion pounds ($2.45 billion) on players during the summer transfer window, according to analysis from Deloitte. The spending is expected to surpass 2 billion pounds before the September 1 deadline. This year’s transfer window has already exceeded last year’s record of 1.92 billion pounds.

Two transfers have stood out, with Moises Caicedo joining Chelsea and Declan Rice signing for Arsenal, both for over 100 million pounds. This is in contrast to last summer when there were no transfers of such magnitude.

Chelsea, under the new ownership led by Todd Boehly and Clearlake Capital, have been the most active club, signing nine players and spending over $1 billion in transfer fees since May 2022.

Manchester City, the reigning champions, have made significant signings as well. They acquired winger Jeremy Doku for 55 million pounds, defender Josko Gvardiol for 90 million euros ($97 million), and midfielder Mateo Kovacic for 25 million pounds.

Manchester United splashed out 72 million pounds on striker Rasmus Hojlund, while Arsenal spent 65 million pounds on forward Kai Havertz.

Newcastle United, who finished fourth last season, brought in midfielder Sandro Tonali for 55 million pounds and winger Harvey Barnes for 38 million pounds.

The exchange rates are $1 = 0.7951 pounds and $1 = 0.9259 euros.

The article was reported by Hritika Sharma in Hyderabad and edited by William Mallard. The Thomson RushHourDaily Trust Principles apply.

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Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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