02 February,2017 08:20 AM IST | | AFP
Premier League clubs have shelled out a record £1.4 billion in transfers this season, according to a report
London: Premier League clubs have shelled out a record £1.4 billion in transfers this season, according to a report.
The Deloitte consultancy study said top-tier English sides made 40 million pounds ($50 million/46 million euros) in profit from the January transfer window, the first time they have come out of the football horse-trading in the black. Deloitte said total spending by EPL clubs for the 2016/17 season is now almost £1.4 billion ($1.76 billion/1.6 billion euros) smashing the previous record of £1 billion set last season.
Man City shelled out the highest amount of 27 million pounds to complete the transfer of Brazilian starlet Gabriel Jesus from Brazilian club Palmeiras.
