adminLONDON. – English Premier League soccer spending looks certain to shatter all previous records before the current transfer window closes as England’s superpowers reload in an increasingly frenzied arms race.
Fuelled by lucrative television contracts, currently worth around £8.3 billion and unprecedented revenue streams at home and overseas, the 20 English Premier League teams have spent like never before in the weeks since the summer transfer window opened. Already close to £800 million has been paid for new players, with the single window record spend of £1.2 billion well within reach with over a month before the market closes.
Determined to make amends for last season’s surprisingly lacklustre debut campaign in the Premier League, which saw Manchester City finish 15 points behind champions Chelsea, Pep Guardiola has played a key role in driving the market sky high. – AFP.
Online Reporter