Transfers Premier League clubs shatter transfer record with £1.4 billion spending Last updated 2 years ago 19:43 9/1/17 FacebookTwitterRedditcopy Comments(0) Getty Images Transfers Premier League Leicester City Manchester United AFC Bournemouth Stoke City Chelsea Arsenal While it was Neymar’s switch to PSG which broke the transfer record, the English top-flight continue to enjoy unrivalled purchasing power Premier League clubs spent a combined £1.41 billion in the 2017-18 summer transfer window, shattering previous expenditure records in the English top flight. More than £210 million was spent in the division on transfer deadline day alone, a new record, with Danny Drinkwater completing a £35m move from Leicester to Chelsea, Alex Oxlade-Chamberlain joining Liverpool from Arsenal for £35m, Tottenham completing a £23m move for PSG full-back Serge Aurier, and Mamadou Sakho leaving Liverpool for Crystal Palace for around £26m. Liverpool 10/1 for PL title Article continues below Editors’ Picks Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina As such, Premier League clubs have broken the record for spending in a single season (£1.43bn) and calendar year (£1.65bn), meaning that gross spending has surpassed £10bn since the first transfer window in January 2003.Dan Jones, who works for the sports arm of accountancy firm Deloitte, commented: “Premier League clubs have broken their own record for transfer expenditure for the sixth summer in a row. “With the continued growth in clubs’ revenues, principally from broadcast rights, it is no surprise that Premier League clubs have continued to maintain their leading position in the world’s player transfer market.“Importantly, and when analysed in the context of generating record broadcast, commercial and matchday revenues, Premier League clubs are spending well within their means. For the last 15 years, annual transfer spending has remained within the range of between a fifth and a third, and averaged at around a quarter, of total revenues. “With Premier League clubs’ revenue showing no sign of decreasing in the foreseeable future, we would expect to see spending continue to rise.”The 20 #PL clubs spent a net £665million in the 2017 summer transfer window, an average of £33.25m per clubMore: https://t.co/nVsYuMPbkV pic.twitter.com/tpkVRP1lIr— Premier League (@PLSpokesman) September 1, 2017Neymar’s €222m switch from Barceona to Paris Saint-Germain eclipsed any previous fee paid for an individual in the sport, with Ousmane Dembele’s €105m (potentially rising to €147m) move from Borussia Dortmund to Camp Nou and Kylian Mbappe’s €180m transfer to PSG not far behind.However, broadcast deals have allowed the Premier League to enjoy “unrivalled purchasing power”, says Jones. “While the transfer record for a single player has again been broken by a major European club, the Premier League’s clubs enjoy an unrivalled depth of purchasing power, as a result of the League’s relatively equal – and transparent – distribution of broadcast revenues.“Premier League clubs continue to benefit from a virtuous circle: investing record revenues to acquire some of the best playing talent from around the world, which in turn helps the Premier League secure substantial improvements in domestic and international broadcast deals, and helps individual clubs maximise commercial revenues and matchday attendances through stadium improvements and similar long-term investments.”Romelu Lukaku’s move from Everton to Manchester United, for a reported initial fee of £75m, was the biggest single deal for a Premier League club.MOST EXPENSIVE PREMIER LEAGUE TRANSFERS Player From To Price Romelu Lukaku Everton Man Utd £75m Alvaro Morata Real Madrid Chelsea £70m Benjamin Mendy Monaco Man City £52m Alexandre Lacazette Lyon Arsenal £52m Kyle Walker Tottenham Man City £50m Gylfi Sigurdsson Swansea Everton £45m Bernardo Silva Monaco Man City £43m Davinson Sanchez Ajax Tottenham £42m Victor Lindelof Benfica Man Utd £40m Tiemoue Bakayoko Monaco Chelsea £40m Nemanja Matic Chelsea Man Utd £40m Mohamed Salah Roma Liverpool £36m Danny Drinkwater Leicester Chelsea £35m Ederson Benfica Man City £35m Alex Oxlade-Chamberlain Arsenal Liverpool £35m Antonio Rudiger Roma Chelsea £34m Michael Keane Burnley Everton £30m Mamadou Sakho Liverpool Crystal Palace £26m Davide Zappacosta Torino Chelsea £23m Serge Aurier PSG Tottenham £23m Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries.