Transfer Window: Premier League's Record Spend

English Premier League clubs spent a record £630m on players during the summer transfer window, analysis has revealed.

The figure was a almost a third bigger than the equivalent total in 2012 - and £130m more than the previous record of £500m set in 2008.

Deloitte Sports Business Group revealed the record total after £140m was spent on a frantic final day of the transfer window, which saw Arsenal and Manchester United both seal big last-minute deals for players.

Dan Jones, from Deloitte, said: "The story of this summer transfer window is of new records: a new record for Premier League spending as well as a new world transfer record fee.

"Premier League clubs' gross spending this summer is £630m, beating the previous record of £500m set in 2008.

"Whilst the sale of Gareth Bale brought £85m into the Premier League, net spending is also a record, at £400m.

"As the financial rewards for participation and success in the Premier League increase, so it follows that clubs are investing on the pitch to ensure they continue to benefit from the remarkable Premier League growth story."

Gareth Bale moved from Spurs to Real Madrid for £85m

Of the £630m total, Deloitte said £490m went to foreign clubs, with £100m changing hands between members of England's top division and £40m going to football league clubs.

Alex Thorpe, consultant at Deloitte's Sports Business Group, said: "This is the first year that Premier League clubs will benefit financially from the league's new broadcast deals; each club benefiting from a share of the extra £600m of revenues in 2013/14 alone.

"Testament to the impact this is having is in the scale of Premier League gross spending, as well as the gulf in net spending between the Premier League and other European leagues.

"Whereas many clubs around Europe have been reliant on selling players in order to spend, the financial advantages Premier League clubs enjoy has enabled net spending of £400m across the league.  Many clubs, including new entrants to the league, have successfully competed in the European transfer market to attract high-profile foreign talent."

Deloitte's analysis also showed that gross spending by clubs in Europe's 'big five' top divisions was up compared with last year.

After the Premier League, the next highest spenders were Spain's La Liga and Italy's Serie A, each with a gross spend of £335m, followed by France's Ligue 1 with £315m and Germany's Bundesliga with £230m.

But net transfer spending across Europe was much lower than the Premier League's £400m, with La Liga (£95m) and Serie A (£10m) generating surpluses, while Ligue 1 (£130) and the Bundesliga (£50m) both spent more than they received.

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