Premier League’s Summer Transfer Spending Breaks Record

Premier League teams broke the record for summer spending on player transfers, with a flurry of trading taking their combined outlay to £1.9 billion ($2.2 billion), three times more than Italy’s Serie A clubs and four times more than those in Germany’s Bundesliga.

Underscoring the disconnect between football and the harsh economic backdrop in the UK, England’s top teams surpassed the previous high set in the 2017 summer transfer window and spent 67% more than the same period last year, according to accountancy firm Deloitte.