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Premier League transfer spending reach record GBP 300m
England - 05 September, 2006
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Transfers for English clubs reached their highest this summer since the introduction of the transfer window system.
According to analysis by Deloitte, the total reported spending in the summer by Premiership clubs was GBP 300 million, with Chelsea the biggest spenders at GBP 70 million.
Spending was driven by TV cash income, and the World Cup showcase of international players.
The total spent this year was greater than in each of the previous three years, with GBP 285 million spent in 2005, GBP 260 million in 2004 and GBP 250 million in 2003.
Reported spending since July 2003 has been more than GBP 375 million for Chelsea, or about one-third of overall spending by Premiership clubs in that period. Keeping with the theme, Chelsea ended signed English fullback Ashley Cole from Arsenal in exchange for GBP 5 million Thursday and France defender William Gallas.
Big summer deals were Robert Huth's transfer from Chelsea to Middlesbrough for about GBP 6 million, Stilian Petrov's move to Aston Villa from Celtic, worth GBP 8 million, and Nicolas Anelka's transfer from Fenerbahce to Bolton for GBP 8 million.
More than half of the disclosed transfer spending by Premier League clubs in 2006 went to clubs outside of England.
Gross spending by league clubs in summer 2006 was double that of the clubs in the Spanish Primera Liga, and about four times greater than clubs in the top divisions of each of France, Germany and Italy.
"Renewed financial confidence from the TV deals announced earlier this summer and the World Cup 'shop window' effect have helped fuel the increase in transfer spending by Premiership clubs," said Paul Rawnsley, director in the sports business group at Deloitte.
Football League clubs received more than GBP 60 million from Premier League clubs in 2006, with nine clubs benefiting by more than GBP 2 million each.
Many clubs bought new faces on the expectation of swelling coffers when new, lucrative TV deals begin next season. The TV rights auction for the three-year period beginning in 2007 generated GBP 1.7 billion for the Premier League, with BSkyB paying GBP 1.3 billion for its four packages and Setanta GBP 392 million for its two.
"The arrival of more star names is great news for fans and reflects the Premiership's status as the world's richest league," said Alan Switzer, a senior sports business consultant at Deloitte. "Nonetheless, over the next couple of years there'll be a continuing challenge to balance spending to ensure the benefits of revenue growth continue to be felt in areas other than player salaries and transfer fees."
According to analysis by Deloitte, the total reported spending in the summer by Premiership clubs was GBP 300 million, with Chelsea the biggest spenders at GBP 70 million.
Spending was driven by TV cash income, and the World Cup showcase of international players.
The total spent this year was greater than in each of the previous three years, with GBP 285 million spent in 2005, GBP 260 million in 2004 and GBP 250 million in 2003.
Reported spending since July 2003 has been more than GBP 375 million for Chelsea, or about one-third of overall spending by Premiership clubs in that period. Keeping with the theme, Chelsea ended signed English fullback Ashley Cole from Arsenal in exchange for GBP 5 million Thursday and France defender William Gallas.
Big summer deals were Robert Huth's transfer from Chelsea to Middlesbrough for about GBP 6 million, Stilian Petrov's move to Aston Villa from Celtic, worth GBP 8 million, and Nicolas Anelka's transfer from Fenerbahce to Bolton for GBP 8 million.
More than half of the disclosed transfer spending by Premier League clubs in 2006 went to clubs outside of England.
Gross spending by league clubs in summer 2006 was double that of the clubs in the Spanish Primera Liga, and about four times greater than clubs in the top divisions of each of France, Germany and Italy.
"Renewed financial confidence from the TV deals announced earlier this summer and the World Cup 'shop window' effect have helped fuel the increase in transfer spending by Premiership clubs," said Paul Rawnsley, director in the sports business group at Deloitte.
Football League clubs received more than GBP 60 million from Premier League clubs in 2006, with nine clubs benefiting by more than GBP 2 million each.
Many clubs bought new faces on the expectation of swelling coffers when new, lucrative TV deals begin next season. The TV rights auction for the three-year period beginning in 2007 generated GBP 1.7 billion for the Premier League, with BSkyB paying GBP 1.3 billion for its four packages and Setanta GBP 392 million for its two.
"The arrival of more star names is great news for fans and reflects the Premiership's status as the world's richest league," said Alan Switzer, a senior sports business consultant at Deloitte. "Nonetheless, over the next couple of years there'll be a continuing challenge to balance spending to ensure the benefits of revenue growth continue to be felt in areas other than player salaries and transfer fees."
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