Transfer deadline day: Premier League spending reaches £1.165bn

Premier League clubs spent more than £155m on transfer deadline day as the summer window outlay reached a record £1.165bn.

Teams had already spent a combined £1.005bn as of 08:30 BST on Wednesday, shattering last year's record £870m.
Thirteen top-flight teams broke their own transfer records.

The 20 clubs in the Premier League have benefited from a record £5.1bn television deal which came into effect this season.
"The increases in broadcast revenue, with the 2016-17 season being the first of the new broadcast deal cycle, is the principal driver of this spending power," said Dan Jones, a partner at financial analyst Deloitte.
This graphic below illustrates the gradual increase in spending by Premier League clubs over the past 10 January and summer transfer windows.

Other key findings (source Deloitte):

The average gross spend for a Premier League club in the 2016 summer window was about £60m.

The total of £155m spent by Premier League clubs on deadline day broke the previous record of £140m set during the summer 2013 window.

The four Premier League clubs competing in this season's Champions League - Arsenal, Leicester City, Manchester City and Tottenham Hotspur - had a combined gross transfer spend of about £385m - representing about a third of the aggregate gross transfer spend by Premier League clubs.

Since the introduction of the transfer window, gross transfer spending has exceeded £8.6bn, with more than 80% spent in the summer window.

While this year's figure of £1.165bn easily broke the record set 12 months ago, it dwarfed the £215m spent during the first window in the 2003-04 campaign.
Such financial strength owes much to the record £5.136bn domestic TV deal, which was more than £2bn larger than the previous contract from 2013 to 2016.

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Former England winger Trevor Sinclair said: "There's so much money in it for a reason - supply and demand. People demand to see the Premier League."
He added that the players would be the chief beneficiaries.
"If anyone is going to get the financial gain, surely it has to be the players," said Sinclair. "They are the ones who make it happen."
Below is a list of the biggest fees spent by Premier League clubs during the 2016-17 summer transfer window:

Manchester United: Paul Pogba (£89m)	Bournemouth: Jordon Ibe (£15m)
Liverpool: Sadio Mane (£34m potentially rising to £36m)	Sunderland: Didier N'Dong (£13.6m)
Crystal Palace: Christian Benteke (£32m)	Hull: Ryan Mason (£13m)
West Ham: Andre Ayew (£20.5m)	West Brom: Nacer Chadli (£13m)
Leicester: Islam Slimani (£29m)	Watford: Roberto Pereyra (£13m)
Southampton: Sofiane Boufal (£16m)	Burnley: Jeff Hendrick (£10.5m)
Swansea: Borja Baston (£15.5m)

The two Manchester teams each spent more than £150m in the window.
Manchester United, under new boss Jose Mourinho, ended what was becoming a protracted saga by signing Paul Pogba for a world-record £89m.
They also added Armenia midfielder Henrikh Mkhitaryan and Ivory Coast defender Eric Bailly, both at a cost of about £30m.
City, who also have a new manager in Pep Guardiola, brought in midfielder Leroy Sane from Schalke for £37m and then paid Everton £47.5m for defender John Stones.
After a season that could be classed as terrible by their standards, Chelsea owner Roman Abramovich gave another new managerial recruit - Antonio Conte - extra spending power.
In an effort to rejoin the Premier League's top four, the Blues spent £120m, including £34m on bringing back Brazil defender David Luiz from Paris St-Germain and £33m on Belgium striker Michy Batshuayi from Marseille.