Summer Transfer Window 2017: Premier League clubs smash through spending record with one week to go has been saved
Summer Transfer Window 2017: Premier League clubs smash through spending record with one week to go
Update from Deloitte’s Sports Business Group
24 August 2017
As of 9am this morning, and with one week to go before the close of the summer 2017 transfer window, total gross transfer expenditure by Premier League clubs stood at £1,170m, according to analysis by Deloitte’s Sports Business Group. This is a new record for a single window, surpassing the previous record of £1,165m, set last summer. At the same stage last year, clubs had spent £865m.
Chris Stenson, consultant in the Sports Business Group at Deloitte, commented:
“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.”
The Deloitte Sports Business Group will provide a comprehensive analysis of this summer’s transfer window on the morning of 1 September 2017.
Notes to editors
Basis of preparation
The information on player transfers is based on publicly available information in respect of player registration acquisitions by clubs, including from www.bbc.co.uk and www.premierleague.com, and further analysis carried out by the Sports Business Group at Deloitte. The information is based on reported transfers as at 09:00 on 24 August 2017. Further commentary about the transfer market is included in the Deloitte Annual Review of Football Finance. The figures contained in this release will not necessarily be the same as the cost of acquiring players’ registrations as recognised in the financial statements of each club. Under accounting requirements, the cost of acquiring a player’s registration includes the transfer fee payable (including any probable contingent amounts), plus other direct costs such as transfer fee levy and fees to agents.
About the Sports Business Group at Deloitte
Over the last 20 years Deloitte has developed a unique focus on the business of sport. Our specialist Sports Business Group offers a multi-disciplined expert service with dedicated people and skills capable of adding significant value to the business of sport. Whether it is benchmarking or strategic business reviews, operational turnarounds, revenue enhancement strategies or stadium/venue development plans, business planning, market and demand analysis, acquisitions, due diligence, expert witness, audits or tax planning; we have worked with more clubs, leagues, governing bodies, stadia developers, event organisers, commercial partners, financiers and investors than any other adviser.
For further information on our services you can access our website at www.deloitte.co.uk/sportsbusinessgroup
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Premier League clubs' gross transfer spending by transfer window - 2003 to 2017 (£m)