This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-31090510

The article has changed 3 times. There is an RSS feed of changes available.

Version 1 Version 2
Premier League January transfer spending falls Premier League January transfer spending hits £130m
(about 11 hours later)
Premier League football clubs have spent less in this year's January transfer window so far compared with a year ago, research has shown. Premier League football clubs spent £130m in this year's January transfer window, the same amount as in January 2014, research shows.
As the transfer deadline looms, and with a number of deals still to be agreed, Deloitte estimates Premier League clubs have spent around £80m acquiring new players this year. The biggest spenders were Manchester City, Chelsea and Arsenal, which between them accounted for around half of the total, according to Deloitte.
That compares with £95m a year ago. A flurry of last-minute deals worth some £45m helped to lift the total.
However, to date Premier League clubs have spent a record £900m on players in the 2014/15 season, Deloitte added. Deloitte said despite clubs "relative restraint" in January, 2014/15 was still a record season for transfers.
That was well above the previous record spend on player transfers, which stood at £760m in the 2013/2014 season. The accountancy firm said clubs in total had spent more than £950m on acquiring players, easily surpassing the 2013/2014 season's record of £760m.
Spending in January had been "slightly more reserved" this year, said Dan Jones, partner in the Sports Business Group at Deloitte. However, the amount for the January window was significantly less than the record £225m seen in January 2011.
But several deals have yet to complete, including Chelsea's £23m bid for Colombian winger Juan Cuadrado from Italian club Fiorentina, which is being part-funded by the club's sale of Andre Schurrle to German side Wolfsburg. According to reports, the deal is expected to complete before the close of the window. "Given the record level of spending seen in the summer, it is not entirely surprising that we haven't seen a new record for the January window," said Dan Jones, partner in the Sports Business Group at Deloitte.
Last year's estimated £95m spent by Premier League clubs ahead of the close of the January transfer window rose to £130m once transfer deals completed on the day were counted. Broadcast boost
Similarly in January 2012, Premier League clubs were estimated to have spent £85m ahead of the close of the January transfer window but the total rose to £120m by the end of transfer deadline day. Big deals on Monday's final day of the window included Chelsea's £23.3m payment for Colombian winger Juan Cuadrado from Italian club Fiorentina, which was part-funded by the club's sale of Andre Schurrle to German side Wolfsburg.
Deloitte said increased spending on players by Premier League clubs was largely the result of broadcast revenue. All 20 Premier League clubs now rank in the global top 40 based on their revenue. Manchester City's £28m purchase of Swansea's Ivory Coast striker Wilfried Bony was the most expensive signing of the January window.
Deloitte said increased spending on players by Premier League clubs was largely the result of increased broadcast revenue.
The rights to cover Premier League football between 2013 and 2016 were sold for £3bn in 2012 - a 70% rise on the previous deal.
All 20 Premier League clubs now rank in the global top 40 based on their revenue.