Premier League clubs spent a record £815 million ($1 billion) in a frantic January transfer window — nearly double the previous highest figure, according to sports finance experts Deloitte.
Deals came thick and fast in the final hours of the window on Tuesday, with big-spending Chelsea setting a new British record in signing Argentina’s World Cup winner Enzo Fernandez from Benfica for 121 million euros ($132 million, £106.8 million).
The gross spend was 90 percent higher than the previous record (£430 million in 2018) and almost triple the previous January window.
Clubs from the English top flight also set a record for net transfer expenditure during a January window of £720 million.
Combined with the record £1.9 billion spent during the summer transfer window, Premier League clubs have splurged £2.8 billion during the 2022/23 season, a new all-time high.
Deadline-day expenditure by Premier League clubs of £275 million is also a new record for January, obliterating the previous mark
