Premier League clubs break transfer records

<p>A record £630 million was spent in the summer transfer window.</p>

Premier League football clubs in England spent more money during the summer transfer this year than in any other year in history.

This is according to data collected by the Deloitte's Sports Business Group, which found teams splashed out a total of £630 million before the transfer window closed last night (September 2nd) at 23:00 BST.

The 2013 figure is a new record after it broke the previous highest of £500 million, which was set five years ago. One of the biggest deals was a club record transfer for Arsenal, who signed German international midfielder Mesut Ozil from Real Madrid.

Manchester United were also among the big spenders after splashing out on Everton's Marouane Fellaini, while Tottenham Hotspur signed stars including Roberto Soldado, Erik Lamela, Christian Eriksen and Nacer Chadli during the window.

Spurs also lost their Welsh winger Gareth Bale, who signed for La Liga club Real Madrid in a world record deal yesterday, eclipsing the previous record set by Cristiano Ronaldo's move to the team from Manchester United.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.