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The combined amount of money spent by the top 5 leagues in Europe this summer reached a combined total of £5 billion.
This unprecedented figure is due to a combination of factors, including new television deals bringing fresh money into the game, and squad overhauls at some of the biggest clubs following changes in manager.
The Premier League’s share of that figure was £1.41 billion. However, despite his being the most spent by any single league, this was actually a fall over recent years, and net spend by clubs was at its lowest level since 2015.
The biggest jump in spending came from La Liga clubs who surpassed the £1 billion barrier for three first time, with the big three of Barcelona, Real and Atlético Madrid all spending lavishly this summer.
Andy is an exiled English football fan living in Cyprus. He loves all sports but football is his abiding passion, and he still has dreams every now and then about scoring the winning goal in a Wembley Cup Final, even though his playing days are long gone. He follows most major leagues, across Europe at least, and has a favoured team in each. When he’s not watching, listening, reading or downloading podcasts about football, he spend his time worrying about his beloved Arsenal.