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Premier League breaks transfer spending record as total surpasses £1.4 billion

:Headline: Premier League breaks transfer spending record as total surpasses £1.4 billion: ID:306270: from db_amp
The Premier League breaks its own spending record, taking the figure past £1.4 billion.

The Premier League smashed its own spending record as the summer transfer window closed on Thursday night.

England's elite clubs took the figure over £1.4 billion thanks to major deals, including Romelu Lukaku's £75m switch to Manchester United from Everton and Manchester City's £50m purchase of Kyle Walker from Tottenham Hotspur.

Tim Bridge of Deloitte Sports Business Group told Sky Sports News: "It is an increase of 23% on the previous summer transfer record and reflects the amount of money clubs have available to spend now on their long term future, such as players, stadiums and capital investments such as training grounds.

"About £0.7bn has gone overseas, which reflects the international image of the Premier League, as well as the overseas scouting networks clubs have. Around £0.6bn was between Premier League clubs, with about £100m going to the Football League."

The Premier League is the biggest spender out of Europe's divisions, with Serie A second on the list having spent £750m.

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool1210112481631
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Fulham125341717018
10Newcastle UnitedNewcastle125341313018
11Brentford125252222017
12Manchester UnitedMan Utd124441313016
13Bournemouth124351617-115
14West Ham UnitedWest Ham124351519-415
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Ipswich TownIpswich121651323-109
19Crystal Palace121561017-78
20Southampton121110924-154
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