Report: EPL teams spend record $1.5 billion in transfer window

English Premier League clubs spent a record $1.53 billion during the summer transfer season, according to the BBC.

The BBC used data from Deloitte, which is a tax and audit advisory firm based in New York City.

During the final day of the transfer window, teams spent £155m ($203.76 miillion), breaking the previous record of £140m set during the 2013 summer transfer window.

Chelsea re-signed defender David Luiz from Paris Saint-Germain for a reported £35 million ($46.02 million), while defending Premier League champions Leicester City signed Algeria striker Islam Slimani from Sporting Lisbon for reportedly £35 million.

“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,” said Dan Jones, a partner at financial analyst Deloitte.

The four Premier League clubs – Arsenal, Leicester City, Manchester City and Tottenham Hotspur – spent around £385m in transfers, with 13 teams setting new records in spending.

The increase in spending is due to a new television deal worth $7.8 billion that is set to run until 2019.

Scooby Axson

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