Spending by teams in Europe's Big Five leagues has reached record levels in this summer's transfer window. FMTNews
September 4, 2019 12:17 AMBANGALORE: Spending by teams in Europe’s Big Five leagues totalled a record 5.5 billion euros during the close season transfer window, financial analyst Deloitte’s Sports Business Group said on Tuesday.
Spain’s La Liga clubs spent 1.37 billion euros, exceeding 1 billion euros for the first time, while Italy’s Serie A Germany’s Bundesliga the French Ligue 1 all set new records. “This unprecedented level of spend has been driven by a number of factors, including additional income from new league broadcast cycles, participation in, and subsequent distributions from, UEFA club competitions.”
“The improved financial performance of European football clubs has also reduced the need for clubs to sell their best players,” he added.
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