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Premier League Spending on Players Reaches Record $1.4B

English Premier League teams boosted spending on new players by 30 percent to 835 million pounds ($1.4 billion) as clubs in soccer’s richest competition benefited from higher television revenues, according to accountants Deloitte LLP.

European soccer’s summer transfer window ended last night, with Manchester United setting a record with about 150 million pounds of net spending on players including Real Madrid’s Angel di Maria and Monaco’s Radamel Falcao. Manchester City, Arsenal, Chelsea and Liverpool paid 342 million pounds to get players in preparation for domestic games and the Champions League, Europe’s elite club competition.

“In a summer where the world’s best players were on show at the World Cup we have again seen how Premier League clubs are able to successfully compete on a global stage in terms of attracting talent,” Dan Jones, partner in Deloitte’s Sports Business Group, said in an e-mailed statement.

“We continue to see the increased resources that Premier League clubs enjoy, as a result of improved broadcast deals, translate into investment in players.”

On average, Premier League clubs received more than 25 million pounds more from broadcast deals last season compared to 2012-13. The second-highest spending European league was Spain’s La Liga, with a gross spend of 425 million pounds. Italy’s Serie A was next with 260 million pounds, followed by the Germany’s Bundesliga with 250 million pounds and France’s Ligue 1 with 100 million.

Manchester United accounted for 18 percent of the aggregate gross transfer spend by Premier League clubs, Deloitte said.

Under new manager Louis van Gaal, Manchester United last week agreed to pay Real Madrid a British record of at least 75 million euros ($98 million) to sign Argentina winger di Maria. Yesterday, United agreed to hire Daley Blind from Ajax and Falcao, a striker who joined from Monaco on a one-year loan.

United, which finished seventh in the league last season, has yet to win a match this season. It lost its first match, and drew the other two.

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