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EPL clubs could smash transfer record

Press Association logoPress Association 27/01/2017

Premier League clubs are on course to smash last year's total spend during the January transfer window and may beat 2011's record winter outlay of AGBP225million ($A374 million), according to Deloitte.

As of Friday morning, the English top flight's clubs had spent approximately AGBP120million ($A200 million) on new signings, AGBP30million ($A50 million) more than at the same stage last year.

With almost five full shopping days remaining from that point until the window closes at 11pm on January 31, the clubs should comfortably clear last January's total of AGBP175million ($A291 million), which included AGBP40million ($A67 million) on the last day.

By midday on Friday, Morgan Schneiderlin's move from Manchester United to Everton provided the biggest fee paid by a Premier League club in this window with an initial cost of AGBP20million ($A33 million) - a snip compared to the AGBP60million ($A100 million) Chelsea received from Shanghai SIPG for Oscar.

Including last summer's transfer window, Premier League clubs have spent a record AGBP1.285billion ($A2.138 billion) this season, surpassing last season's previous high of AGBP1.045billion ($A1.739 billion).

Earlier, a FIFA study of the international transfer market revealed English clubs, buoyed by their massive broadcasting revenues, broke the billion-dollar net spend mark in 2016.

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