Premier League clubs set a transfer window spending record with a week to go until deadline day.
Chelsea have spent an estimated £340m on nine players so far in this transfer window, more than any other side in Europe. The highest summer spend by any club in the world before now had been Real Madrid's £292m spree in 2019.Ross says "the receipt of significant investment from new ownership" is one of the factors driving the high spending, along with clubs "generating unprecedented levels of revenue".
Analysis also shows the average value of fee-paying transfers-in to Premier League clubs is £25m - higher than last summer's £20m. "As we approach the end of the transfer window, it remains imperative that clubs manage the buying and selling of players carefully and remain compliant with relevant financial regulations. Sustainable business plans are essential to support continued competitiveness and long-term growth," said Ross.While spending has risen to record-breaking levels, net spending is down 25% on last summer, from £1.1bn to £825m.
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