Reuters/ London
Premier League clubs have spent more than £850 million (US$1.1 billion) in this summer's transfer window and are on course to break their record, data released by website Sporting Intelligence showed on Monday.
With more than a month remaining before the close of transfer business on Aug. 31, English clubs are again proving to be Europe's heaviest spenders and will likely top the £1.165 billion ($1.5 billion) they lavished on new players last summer.
Manchester City has spent the most, £188 million on six new players, with Monaco's Bernard Mendy becoming the latest to join on Monday. City did not publish a fee, but British media reported it to be around £49 million.
City has received £34.2 million from selling five players, leaving a net spend of more than £150 million. Champion Chelsea is the next biggest spender on £130.4 million, followed by Manchester United on £105.8 million, although Jose Mourinho's club say they will make a further two signings during this transfer window.
Meanwhile, Everton which has spent £93.4 million, has recouped it all, mainly by selling Romelo Lukaku to Manchester United. Arsenal, which manager Arsene Wenger has been under pressure to bring in new players after a disappointing season, has so far spent £52.7 million.
Three clubs, Tottenham Hotspur, Stoke City and Crystal Palace have yet to spend antyhing, with Spurs currently £74.3 million in credit on all deals.
All three teams promoted to the Premier League have invested, with Huddersfield's £36.4 million just topping Newcastle United's £31.2 million, while Brighton and Hove Albion have spent just £13.3 million.
The figures reflect the huge riches being pumped into the world's most lucrative league, with clubs receiving £8.3 billion in TV rights alone for the current three year cycle.
Such riches mean Premier League clubs are paying a premium in the market. West Bromwich Albion manager Tony Pulis became the latest to question the current trend of hyperinflation.
"At the moment the market out there has gone crazy," he said last week. At £19.8 million, Albion has been one of the league's most modest spenders.
The new season of Premier League will stary on Aug. 11.
In the meantime, Mexican striker Javier Hernandez has completed a transfer from Bayer Leverkusen to Wet Ham United for £16 million, the Premier League club announced on Monday.
The 29 year old, who previously spent five years in England with Manchester United winning two league titles, joins Slaven Bilic's side on a three year deal after completing a medical in London.
A popular figure in his home country, Hernandez became Mexico's all time leading goal scorer earlier this year after scoring 48 goals in 96 appearances, including at two World Cups. His two years at Bundesliga outfit Leverkusen also yielded 28 goals in 54 games.
Hernandez, known as "Chicarito," arrives at West Ham following the high profile acquisitions of Argentine Pablo Zabaleta, England's Joe Hart and Austrian Marko Arnautovic.
The Mexican told the club's website that he could not wait to get started at the London Stadium.
"For me, the Premier League is the best league in the world and when the opportunity came, I was desperate to sign for this club," he told the club's website.
"It was not a difficult decision. West Ham is an historic club, and very ambitious - this summer you can see with the players signed that they are looking to have a very good season."
Elsewhere, Chelsea's new signing Alvaro Morata believes his was destined to play under manager Antonio Conte at a club good enough to compete with Europe's elite. Morata had joined Juventus ahead of the 2014-15 season, shortly after Conte had left the side to take charge of the Italian national side.
The pair has now been united at Stamford Bridge and the Spanish striker was confident he can adapt to Conte's tactics.
"I know Antonio wanted me in the past and I really want to work with Antonio, and finally destiny put us together," Morata told the clubb website.
The 24 year old Spain international backed the defending Premier League champions to go toe to toe with Europe's top sides, including his former club Real Madrid, which won their second successive Champions League title last season. Morata took the vacant number nine jersey.
Premier League clubs have spent more than £850 million (US$1.1 billion) in this summer's transfer window and are on course to break their record, data released by website Sporting Intelligence showed on Monday.
With more than a month remaining before the close of transfer business on Aug. 31, English clubs are again proving to be Europe's heaviest spenders and will likely top the £1.165 billion ($1.5 billion) they lavished on new players last summer.
Manchester City has spent the most, £188 million on six new players, with Monaco's Bernard Mendy becoming the latest to join on Monday. City did not publish a fee, but British media reported it to be around £49 million.
City has received £34.2 million from selling five players, leaving a net spend of more than £150 million. Champion Chelsea is the next biggest spender on £130.4 million, followed by Manchester United on £105.8 million, although Jose Mourinho's club say they will make a further two signings during this transfer window.
Meanwhile, Everton which has spent £93.4 million, has recouped it all, mainly by selling Romelo Lukaku to Manchester United. Arsenal, which manager Arsene Wenger has been under pressure to bring in new players after a disappointing season, has so far spent £52.7 million.
Three clubs, Tottenham Hotspur, Stoke City and Crystal Palace have yet to spend antyhing, with Spurs currently £74.3 million in credit on all deals.
All three teams promoted to the Premier League have invested, with Huddersfield's £36.4 million just topping Newcastle United's £31.2 million, while Brighton and Hove Albion have spent just £13.3 million.
The figures reflect the huge riches being pumped into the world's most lucrative league, with clubs receiving £8.3 billion in TV rights alone for the current three year cycle.
Such riches mean Premier League clubs are paying a premium in the market. West Bromwich Albion manager Tony Pulis became the latest to question the current trend of hyperinflation.
"At the moment the market out there has gone crazy," he said last week. At £19.8 million, Albion has been one of the league's most modest spenders.
The new season of Premier League will stary on Aug. 11.
In the meantime, Mexican striker Javier Hernandez has completed a transfer from Bayer Leverkusen to Wet Ham United for £16 million, the Premier League club announced on Monday.
The 29 year old, who previously spent five years in England with Manchester United winning two league titles, joins Slaven Bilic's side on a three year deal after completing a medical in London.
A popular figure in his home country, Hernandez became Mexico's all time leading goal scorer earlier this year after scoring 48 goals in 96 appearances, including at two World Cups. His two years at Bundesliga outfit Leverkusen also yielded 28 goals in 54 games.
Hernandez, known as "Chicarito," arrives at West Ham following the high profile acquisitions of Argentine Pablo Zabaleta, England's Joe Hart and Austrian Marko Arnautovic.
The Mexican told the club's website that he could not wait to get started at the London Stadium.
"For me, the Premier League is the best league in the world and when the opportunity came, I was desperate to sign for this club," he told the club's website.
"It was not a difficult decision. West Ham is an historic club, and very ambitious - this summer you can see with the players signed that they are looking to have a very good season."
Elsewhere, Chelsea's new signing Alvaro Morata believes his was destined to play under manager Antonio Conte at a club good enough to compete with Europe's elite. Morata had joined Juventus ahead of the 2014-15 season, shortly after Conte had left the side to take charge of the Italian national side.
The pair has now been united at Stamford Bridge and the Spanish striker was confident he can adapt to Conte's tactics.
"I know Antonio wanted me in the past and I really want to work with Antonio, and finally destiny put us together," Morata told the clubb website.
The 24 year old Spain international backed the defending Premier League champions to go toe to toe with Europe's top sides, including his former club Real Madrid, which won their second successive Champions League title last season. Morata took the vacant number nine jersey.
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