By Marcus Leach
With the transfer day deadline passing late on Wednesday evening it was revealed by business analysts Deloitte that English Premier League clubs spent £485 million over the summer.
This figure, boosted by a raft of last-minute signings, was up by 33% on last year's data, a staggering £120 million.
What is even more staggering is that over £250 million of that money was spent by five clubs alone, with Manchester United, Manchester City, Liverpool, Chelsea and Arsenal all spending over £50 million each during the summer transfer window.
"This summer's spending is largely focussed amongst the top end Premier League clubs most strongly competing for domestic and European success and the consequent financial rewards," said Dan Jones, partner in the Sports Business Group at Deloitte.
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