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Football Transfer Window Spending Tops £1bn

Just before midnight, Chelsea brought back Brazilian quarterback David Luiz from Paris Saint-Germain in exchange of a whopping £37 million.

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For the fourth consecutive year spending hit record levels as Premier League clubs’ gross spending totalled£1.165 billion, a 34% increase on the previous record of £870m set last summer.

The 20 English top flight football clubs went on a £1.17 billion ($1.5 billion) player spending spree, breaking all previous records for the summer transfer window.

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The two Manchester clubs have been the major players during the transfer window, with Manchester United and Manchester City each reported to have spent close to 150 million pounds on new players. They have to keep up.

“The big difference now is that almost all the English Premier League clubs can be competitive in the European market for players as no other country has such a lucrative contract spread across the league”, says Philip Shepherd, a partner at PriceWaterhouseCooper.

Chelsea spent £100m on Michy Batshuayi, N’Golo Kante and David Luiz alone.

“If we don’t agree with Liverpool, he will leave again”.

Antonio Conte’s men also landed left-back Marcus Alonso from Fiorentina for $31.5 million, while Juan Cuadrado headed to Juventus on loan.

Sissoko, 27, looked poised to join Everton for much of the day, only for Tottenham to reportedly pip the Merseyside club with a late bid.

Middlesbrough announced the signing of winger Adama Traore from Aston Villa on a four-year contract.

“I am so satisfied, it is a pleasure to work with these guys”, he said after Sunday’s 3-1 home win over West Ham United.

Nasri, who new Manchester City coach Pep Guardiola called “overweight” during the preseason, moved to Sevilla on a loan deal.

Manchester United’s £89million world record signing of midfielder Paul Pogba remains easily the biggest fee of the window, but several of their rivals have not been afraid to spend big with rivals Manchester City capturing defender John Stones for £47.5m.

According to the German news agency dpa’s calculation, based on estimates, Bundesliga clubs spent 500 million euros ($556 million) for the first time by spending 506.5 million euros ($565.66 million) on new players.

Balotelli, Liverpool’s wayward Italian striker, was on the verge of joining French club Nice on a season-long loan, having spent last season on loan at former club AC Milan.

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Arsenal’s injury-prone England worldwide midfielder Jack Wilshere, 24, was loaned to Bournemouth after slipping down the pecking order at the Emirates Stadium.

Premier League spending hit £1.165 billion after deadline day – Deloitte