Premier League Teams Spend $4 Billion in Record Transfer Market

Premier League teams have spent more money buying new players than ever before in a record summer transfer window that cemented English football’s financial dominance over European rivals.

Between them, the 20 clubs spent more than £3 billion ($4 billion), comfortably breaking the £2.4 billion peak set two years ago, according to the business consultancy firm Deloitte. The sum exceeds the continent’s other four big leagues combined.