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EPL spending is way down

  • BBC, Thursday, February 2, 2012 12:21 AM

English Premier League clubs spent about 70 percent less in the January transfer window than they did last year, according to the accounting firm Deloitte, which estimated $95 million were spent on transfers during the month.

During January 2011, when the transfers of Fernando Torres ($75 million) and Andy Carroll ($55 million) alone dwarfed the whole of this year's spending.

Alan Switzer, director of the sports business group at Deloitte, suggested that the lower spending was linked to new UEFA rules on financial sustainability. UEFA rules say that any club losing more than $59 million in the two years from July 2011 may be barred from European competitions such as the Champions League.

"Financial fair play has definitely had an impact," said Switzer. "The 2011-12 season does now count toward the Uefa rules and that will be part of the consideration which clubs will be giving to any transfer."

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