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Deloitte: Premier League clubs’ transfer spending up,
February 1, 2013
By Rob Starr, Content Manager, Big4.com
The Sports Business Group at Deloitte, the business advisory firm, will release its full analysis of the January 2013 transfer window today.
“Going into the final day of the winter window, Premier League clubs have been relatively restrained in their player transfer fee spending, in spite of the upcoming uplift in their broadcasting revenues of between £20m and £30m each from next season,” says Dan Jones, Partner in the Sports Business Group at Deloitte. “Transfer activity over the final few hours can change the overall picture as we saw on deadline day in January 2011 when well over £100m was spent by clubs. Going into the final day in this transfer window, Premier League clubs have spent around £85m on acquiring new players and their net spending is much lower.”
He goes on to say that clubs are presently in a reporting period that will count towards the first assessment of UEFA’s financial fair play break-even requirement for international competition and Premier League clubs are considering the implementation of additional cost control regulation at a domestic level.
“Their apparent relative restraint in this transfer window may reflect an increasing focus on clubs achieving more sustainable levels of expenditure relative to revenues,” the Deloitte representative says.