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14th-Sep-2018

European leagues break new spending records in transfer window

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Europe's big five leagues spent a record $4.21 billion (3.62 billion euros) in the summer transfer window, according to a study published on Wednesday by FIFA. The total amount of money spent by clubs in England, Spain, Germany, Italy and France was up 6.6 percent on the $3.95 billion spent in the same transfer window last year. The English Premier League unsurprisingly contributed more than any other league, but while its 20 clubs spent a combined $1.44 billion, the increase in spending was greatest in Italy, where it was up almost 75 percent.