TRANSFERmarketWEB.com
For the sixth consecutive summer transfer window, English Premier League teams exercised their financial might over the rest of Europe, pushing off the after-effects of lower revenue owing to the coronavirus epidemic to spend over 1 billion pounds (1.4 billion dollars).
Cristiano Ronaldo's return to Manchester United was the highlight of a spectacular cast of players that included Romelu Lukaku, Jadon Sancho, and Raphael Varane, with teams in Europe's other 'top five' leagues feeling the burden of a talent drain as well.
According to financial specialists Deloitte, Premier League teams' gross expenditure fell to 1.1 billion pounds, the lowest level since 2015, owing to an increase in free transfers and clubs prepared to accept lesser fees to reduce their salary bills.
Television rights deals have been the backbone of the Premier League's financial strength.
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Source: transfermarketweb.com