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Premier League raises spending cap to £4.46 billion

Premier League raises spending cap to £4.46 billion

The budgets of English clubs in the summer transfer market reached a new record high, totaling 3.46 billion British pounds, breaking the record for the second consecutive season. Four deals surpassed the 100 million-pound mark, including Enzo Fernández's transfer to Manchester City for around 125 million pounds, a British record. The total expenditure on transfers by English clubs over the past five years has reached 7.5 billion pounds, with spending increasing by more than 200% compared to the previous five years. Additionally, more clubs have spent record amounts, with Manchester City leading the market at 458 million pounds, followed by Chelsea with 349 million, and Tottenham with 303 million, reflecting the growing financial capacity within the Premier League. The share of deals conducted between clubs themselves has also risen to approximately 38% of the total market, with spending continuing to expand significantly, confirming that the transfer market in the English Premier League continues to raise its financial ceiling steadily.

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