Premier League summer spending crashed through the £1 billion barrier on Tuesday night with Arsenal's capture of Shkodran Mustafi from Valencia the deal that took it past the landmark barrier
The Manchester clubs are the top two spenders thus far-Manchester City have spent £168.2m, with their city rivals Manchester United coming second, with £145m. Arsene Wenger , following a poor start to the season have concluded late deals to come third in the list of spenders, £96m.
“This is the fourth summer in a row where we have seen record-breaking spending by Premier League clubs,” Dan Jones, partner and head of the Sports Business Group at Deloitte, said.
The clubs have been helped by the decision to release their TV income in July, rather than at the beginning of August.
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