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Premier League Transfer Spending Set to Break Record

Financial Times Companies •
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Premier League clubs are on track to break the record for summer transfer spending, with 12 days remaining before the window closes. The 20 clubs have collectively spent €2.7bn, surpassing last year's €2.6bn at the same stage and exceeding the combined spending of Italy's Serie A, Germany's Bundesliga, and Spain's La Liga.

Chelsea leads as the top spender with €408mn, highlighted by their €138mn acquisition of Morgan Rogers from Aston Villa. Manchester City followed closely, spending €135mn on Elliot Anderson from Nottingham Forest. Tottenham Hotspur ranks second in spending at €267mn, including major signings like Sandro Tonali and Mateus Fernandes.

The aggressive spending is fueled by record revenues projected at £7.4bn by Deloitte, driven by strong European performances and new commercial deals. However, clubs continue to struggle with profitability, having not collectively made a profit since the 2017-18 season. New regulations limiting player spending to 85% of football-related revenues aim to address this.

Managerial turnover has also reached record levels, with Manchester City among nine clubs starting the season with new leadership following Pep Guardiola's departure. The average tenure of Premier League bosses has hit a record low, reflecting the intense pressure and lack of patience within the league's ecosystem.