English top-flight spending 'could top one billion pounds

Spending by Premier League teams has already broken last season's record and could exceed one billion pounds ($1.32 billion) by the time the transfer window closes at the end of the month. The clubs had already splashed out 880 million pounds by Thursday, overtaking last season's total summer outlay of 870 million, according to financial analysts Deloitte. "With...a number of clubs keen to strengthen with a view to competing in European and domestic cup competitions, total spending in this window will likely break the one-billion barrier," said Dan Jones of Deloitte's Sports Business Group.
Click here to read full news..