Transfer window spending record smashed

Premier League clubs have spent a record sum on transfers during the summer transfer window - and there's still one week to go.

According to Deloitte's Sports Business Group, as of 9am this morning total gross transfer expenditure by Premier League clubs stood at £1.17billion. This is a new record for a single window.

The biggest signings this summer include Romelu Lukaku, who signed for Manchester United from Everton for £75m, and Alvaro Morata, who joined Chelsea from Real Madrid for £70m.

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This summer's total surpasses the previous record of £1.16bn set last summer. At the same stage last year, clubs had spent £865m.

Chris Stenson, consultant in the Sports Business Group at Deloitte, said: "The level of transfer expenditure in this summer's window has been extraordinary, but when analysed in the context of record broadcast, commercial and matchday revenues, Premier League clubs are spending within their means.

"Their ability to generate these record revenues and attract the world's very best playing talent continues to drive the Premier League's status as the most commercially successful football league in the world.

"We expect further significant expenditure in the next seven days as clubs seek value in the market. Last summer, Premier League clubs spent around £300m in the final week of the window, more than they did throughout the entire January 2017 window."