Click photo to enlarge
FILE - This is a Saturday, Aug. 2, 2014 file photo of AS Monaco player Radamel Falcao as he gives a thumbs up to fans as he warms up on the sideline during the second half of the Emirates Cup soccer match between AS Monaco and Valencia at Arsenal's Emirates Stadium in London. Radamel Falcao is set to join Manchester United on loan after the Premier League club agreed to a loan deal with Monaco, a person with knowledge of the deal said Monday Sept. 1, 2014. (AP Photo/Matt Dunham, File)

LONDON (AP) — English Premier League clubs spent a record 835 million pounds ($1.38 billion) on players during the summer transfer window, almost twice as much as any of Europe's other top leagues.

A study by football finance expert Deloitte showed gross spending in England's top league was up more than 30 percent on the previous record of 630 million pounds (now $1.04 billion) set in 2013.

Spanish clubs were the second-highest spenders of the so-called "big five" divisions in Europe, with an outlay of 425 million pounds ($700 million), Deloitte said. Italian clubs were next highest on 260 million pounds ($430 million). Germany spent 250 million pounds ($410 million) and France 100 million pounds ($165 million).

Increased domestic and international broadcast deals fuelled the spending by English clubs, with Manchester United paying out about 150 million pounds ($250 million) as part of its rebuilding under Louis van Gaal. That's the most spent by a Premier League club in a summer window.

"We continue to see the increased resources that Premier League clubs enjoy, as a result of improved broadcast deals, translate into investment in players," said Dan Jones, of Deloitte's Sports Business Group.

There was also a record net spend by Premier League clubs of 410 million pounds ($680 million), only marginally higher than the previous highest from last summer with teams still having to abide by financial fair play regulations.


Advertisement

"With Premier League clubs in a stronger position to afford increased transfer and player costs than ever before, the key challenge remains pursuing their ambitions responsibly," Jones said. "Regulations are now in place at both a league and continental level encouraging clubs to balance their costs with revenue."