Premier League clubs have spent a fraction under £2billion in this summer’s transfer window already – with a week of business still to go. Data released by financial services firm Deloitte showed that as of 12pm on Friday top-flight teams’ spending had reached £1.95bn. That is already higher than the total, record figure calculated by Deloitte for last summer – £1.92bn. Deloitte said spending was £500m higher this summer compared to the same point last year, suggesting the final total could be around £2.5bn. Two of this summer’s deals so far have been worth over £100m – Arsenal’s signing of Declan Rice from West Ham and Chelsea’s recruitment of Moises Caicedo from Brighton. Premier League clubs’ net spend is calculated at £825m by Deloitte, 25 per cent lower than last summer (£1.1bn), which the firm attributes to a more active global transfer market. Calum Ross, assistant director in Deloitte’s Sports Business Group, said: “For the second year in a row, the summer transfer spending by Premier League clubs has surpassed the previous record and looks set to rise above £2bn for the first time before the window closes on September 1. “This sensational level of spending appears to be the new norm for Premier League clubs. They are generating unprecedented levels of revenue, which for some clubs is combined with the receipt of significant investment from new ownership. “As we approach the end of the transfer window, it remains imperative that clubs manage the buying and selling of players carefully and remain compliant with relevant financial regulations. “Sustainable business plans are essential to support continued competitiveness and long-term growth.” Chelsea’s spending in the last three windows – since a consortium led by American businessman Todd Boehly took charge – is believed to be edging close to the £1billion mark.

PASADENA, Calif.--(BUSINESS WIRE)--Sep 13, 2023--

The promotion of certain beliefs that some North Carolina lawmakers have likened to “critical race theory” is on track to be banned in state government workplaces

Could he still run for president? Why did the adult-film star case move before any of the ones about protecting democracy? How could you possibly find an impartial jury? Here are answers to some of the questions about the indictment of former President Donald Trump.

China on Tuesday kicked off a summit marking the 10th anniversary of its Belt and Road Initiative -- an ambitious yet controversial undertaking to boost connectivity and trade across the world with Chinese money and know-how in infrastructure development.

The United States humanitarian agency tells The Associated Press it is horrified by conditions in Ethiopia

Israeli troops have demolished the home of a Palestinian who is suspected of killing an Israeli soldier last year, in the latest military operation in the increasingly volatile occupied West Bank, which has been gripped by surging violence

Which free agents should the Rangers target to go back-to-back for a 2024 WS championship?

US Vice President Kamala Harris and Chinese Premier Li Qiang are set to meet with leaders at Thursday’s

Authorities say U.S. Border Patrol agents answering reports of gunfire shot and killed a man on a tribal reservation in southern Arizona after he threw something and abruptly raised his arm

Formula One has announced that it has signed a three-year contract extension to keep the Austrian Grand Prix on the calendar until 2030

US inflation may have remained elevated in July, but consumers just wanted to have some fun.