Finance and Accountancy Briefing
Premier League: Player transfer spend up by a third
Player transfer spending by Premier League clubs was about £485m in the 2011 summer transfer window, up £120m (33%) on summer 2010, according to analysis by business advisory firm Deloitte.
Dan Jones, partner in the sports business group at Deloitte, commented: “Premier League clubs have spent about £485m, which is significantly up on last summer and at a similar level to that seen in the busy summers of 2007-09. This summer‘s spending is largely focused among the top-end Premier League clubs most strongly competing for domestic and European success and the consequent financial rewards.”
Commenting on other trends apparent from the analysis, Jones said: “The football authorities’ encouragement for home-grown players has contributed towards the increased scale of fees for the transfer of young English talent this summer. The resurgence of transfer spending is also apparent in other top European leagues. Despite domestic difficulties delaying the start of season, transfer spending is considerably up among clubs in Serie A and La Liga. As in England, in order to meet UEFA’s break-even requirements, clubs will need an appropriate balance of revenue-generation against these expenditures."
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