Premier League’s lavish spending create transfer records

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Premier League clubs have shattered all records for player transfers and acquisition. And it’s not over yet. There are almost a week to go before transfer windows are slammed shut for the season.

The lavish spending on player acquisition by the clubs this summer has already surpassed the £1.18 billion mark, which till date was a record created last season.

Manchester City, Manchester United, Chelsea and Everton have all spent over £100 million to sign the best players they could, including Romelu Lukaku, Alvaro Morata, Nemanja Matic and Alexandre Lacazette.

In the last 12 months, 18 of the 20 teams have gone past their previous best. Of these, 12 clubs have done so in the current window itself.

Here are the respective record transfer fee paid by the 20 Premier League clubs:

Arsenal – Alexandre Lacazette (£46.5m) – 2017
Bournemouth – Nathan Ake (£20m) – 2017
Brighton – Joze Izqueirdo (£13.5m) – 2017
Burnley – Chris Wood (£15m) – 2017
Chelsea – Alvaro Morata (£70m) – 2017
Everton – Gylfi Sigurdsson (£45m) – 2017
Huddersfield – Steve Mounie (£11.4m) – 2017v
Liverpool – Mohamed Salah (£36.9m) – 2017
Southampton – Mario Lemina (£18m) – 2017
Tottenham – Davinson Sanchez (£42m) – 2017
Watford – Andre Gray (£18.5m) – 2017
West Ham – Marko Arnautovic (£24m) – 2017
Crystal Palace – Christian Benteke (£27m) – 2016
Leicester – Islam Slimani (£29.7m) – 2016
Man Utd – Paul Pogba (£89m) – 2016
Stoke – Giannelli Imbula (£18.3m) – 2016
Swansea – Borja Baston (£15.5m) – 2016
West Brom – Nacer Chadli (£13m) – 2016
Man City – Kevin de Bruyne (£54m) – 2015
Newcastle United – Michael Owen (£16m) – 2005

Across the 20 clubs, net spending by clubs aggregate to £565 million, while they have collectively earned £619.9 million through sales. Manchester City (£221.5m) is the biggest spender, ahead of Manchester United (£145.8m) and Everton (£139.9m).

Although the biggest spending so far has been done by the French League side Paris Saint Germain, who have signed Neymar alone for a world record £200m transfer fee, English clubs rival their other European counterpart for overall spend.

More deals are to come. Tottenham has just started its spending with the Ajax’s Davinson Sanchez singing at £42m. The club is looking to sign three more players ahead of the transfer deadline. West Ham is pursuing a £30m deal for Sporting Lisbon’s William Carvalho. Meanwhile Arsenal, Chelsea and Liverpool are also active in the market.