According to financial experts Deloitte, the Premier League is now the “most competitive in world football” thanks to record spending of £3 billion ($4 billion) during the summer transfer window.
After a day of significant moves, Liverpool announced the record-breaking signing of Newcastle striker Alexander Isak for a sumptuous £125 million deal late on Monday.
More than £3 billion in gross sales were made during the window, which is an increase of about £650 million from the previous record of £2. according to Deloitte, $4 billion is projected to be in 2023.
Gross spend exceeds $ 2 billion for the third straight summer, and it is the first to surpass $ 3 billion.
spending surpassed that in other top five leagues in Europe, accounting for 51% of total gross domestic product, including the Premier League, La Liga, Bundesliga, Serie A, and Ligue 1.
INCLUDE Following a record deal, Liverpool reveal the striker issak.
A third record-breaking summer of Premier League spending in four years, according to Tim Bridge, lead partner at Deloitte Sports Business Group, sends a clear message that clubs have no plans to reduce their investment in the on-pitch product despite subdued spending elsewhere in the region.
Premier League clubs are looking to attract the best talent and help cement the league as the most competitive in world football with more English teams than ever competing in European competitions, more than any other league in Europe. ”
Source: Channels TV
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