Transfer spending in the Premier League has reached £1billion in a calendar year for the first time.
The English summer transfer window closed on Tuesday, with spending reaching a new record of £870million, according to analysis by business advisory firm Deloitte.
This marked a rise of four per cent on the 2014 figure of £835m and moves overall spending to the £1bn barrier when added to the £130m outlay by clubs during the January market.
Alex Thorpe, senior manager in the Sports Business Group at Deloitte, said: With all 20 of the Premier League clubs now ranked in the top 40 globally by revenue, we have seen clubs across the league compete successfully in the market for international talent.
Premier League clubs gross spending on players f…