Published by Gbaf News
Posted on September 9, 2016
The 2016 summer transfer window saw Premier League spending at a record level for the fourth consecutive year, according to analysis by Deloitte’s Sports Business Group. Following a record-breaking deadline day, Premier League clubs’ gross spending totalled £1.165 billion, a 34% increase on the previous record of £870m set last summer.
Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “This is the fourth consecutive year the summer transfer spending record by Premier League clubs has been broken. At the start of the 2013/14 season, the summer transfer spending record had stood at £500m, and the fact that this record has more than doubled since then is a clear indicator of the financial growth of the league.
“As has been the case for a number of years now, the increases in broadcast revenue, with the 2016/17 season being the first of the new broadcast deal cycle, is the principal driver of this spending power. The increase in the value of these deals and the comparatively equal revenue distribution of these by the Premier League has again allowed clubs throughout the division to invest significantly in this summer’s market.
“For those clubs traditionally at the upper end of the table who have been investing most significantly, their commercial revenue growth has also been a critical enabler of the increases in spending.
“We also saw a new record level of Premier League summer deadline day spending this window, with £155m spent in the final 24 hours. This, when considered with a new overall spending record, as well as the fact this summer saw a new record for the highest fee paid for a player by any English club are further indicators of the ever increasing purchasing power of the Premier League.”
Jones continued: “Membership of the Premier League has never been as lucrative as it is today and as such we have seen this have knock-on effects in terms of the spending in the Championship. This summer saw a record £215m gross spend by Championship clubs, more than twice the previous record, driven by the investment of recently relegated clubs seeking an immediate return to the Premier League as well as by that of ambitious Championship clubs seeking entry to the world’s richest football league.”
Key findings from the analysis by Deloitte’s Sports Business Group include:
The 2016 summer transfer window saw Premier League spending at a record level for the fourth consecutive year, according to analysis by Deloitte’s Sports Business Group. Following a record-breaking deadline day, Premier League clubs’ gross spending totalled £1.165 billion, a 34% increase on the previous record of £870m set last summer.
Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “This is the fourth consecutive year the summer transfer spending record by Premier League clubs has been broken. At the start of the 2013/14 season, the summer transfer spending record had stood at £500m, and the fact that this record has more than doubled since then is a clear indicator of the financial growth of the league.
“As has been the case for a number of years now, the increases in broadcast revenue, with the 2016/17 season being the first of the new broadcast deal cycle, is the principal driver of this spending power. The increase in the value of these deals and the comparatively equal revenue distribution of these by the Premier League has again allowed clubs throughout the division to invest significantly in this summer’s market.
“For those clubs traditionally at the upper end of the table who have been investing most significantly, their commercial revenue growth has also been a critical enabler of the increases in spending.
“We also saw a new record level of Premier League summer deadline day spending this window, with £155m spent in the final 24 hours. This, when considered with a new overall spending record, as well as the fact this summer saw a new record for the highest fee paid for a player by any English club are further indicators of the ever increasing purchasing power of the Premier League.”
Jones continued: “Membership of the Premier League has never been as lucrative as it is today and as such we have seen this have knock-on effects in terms of the spending in the Championship. This summer saw a record £215m gross spend by Championship clubs, more than twice the previous record, driven by the investment of recently relegated clubs seeking an immediate return to the Premier League as well as by that of ambitious Championship clubs seeking entry to the world’s richest football league.”
Key findings from the analysis by Deloitte’s Sports Business Group include:
