Premier League Spending Expected to Break Record, Deloitte Says

English Premier League soccer clubs are on course for a record spending spree on players during the summer transfer window.

Clubs have spent 790 million pounds ($1.2 billion) so far, 45 million pounds less than last year, accountant Deloitte LLP said in an e-mailed statement Tuesday. The summer transfer window closes at 6 p.m. British time, after deadlines elsewhere in Europe Monday.

“Last year we saw 85 million pounds of spending on deadline day and with further business expected over the coming hours, it looks set to be another record summer of spending,” said Alex Thorpe, senior manager in Deloitte’s sports business group. The outlay “continues to be driven in large part by the increases in domestic and overseas broadcast revenue in recent years.”

In February, Sky Plc and BT Group Plc agreed to pay a record 5.14 billion pounds for the U.K. rights to broadcast live English Premier League matches, an increase of about 70 percent from the previous three-year deal.

The most expensive signing was Belgian international Kevin De Bruyne, who moved to Manchester City from German club Wolfsburg for 55 million pounds, according to Transfermarkt.com.

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