European giants spend more than $3 billion on transfers
02 September 2014, 12:39
London - The English Premier League dominated as Europe's top clubs spent more than $3 billion on new players in the two month transfer market that ended with a frantic burst of deals, according to a study released Tuesday.
The 20 Premier League clubs spent about 835 million ($1.38 billion, EUR1 billion) on players, with Manchester United accounting for about 150 million of that, according to business consultants Deloitte.
The Premier League total smashed last year's record transfer dealings worth 630 million. Colombian striker Radamel Falcao joined United while England striker Danny Welbeck left for Arsenal in the final deals announced late Monday.
Read more: Top ten Premier League transfers
Spain's La Liga clubs laid out just over $700 million (EUR530 million) on players, with Real Madrid and Barcelona the big spenders on the likes of Luis Suarez and James Rodriguez.
Italy's Serie A followed with $450 million (EUR345 million) of deals, Germany's Bundesliga accounted for $415 million (EUR315 million) and France's Ligue 1 came fifth with $165 million (EUR125 million).
FIFA's Transfer Matching System said that 1,164 players were taken on in the big five leagues during the two month transfer window and that the five accounted for 85% of the transfer money spent in Europe's 26 biggest leagues.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!