Spend, spend, spend: English top Europe with record £630m outlay

money bag

By Andrew Warshaw
September 3 – Despite UEFA’s financial fair play regulations, English Premier League clubs spent a record £630 million in the summer transfer window that slammed shut on Monday, according to Deloitte’s Sports Business Group. The new tally easily beat the previous record of £500 million set back in 2008, with clubs able to take advantage of the Premier League’s massive television deal without which spending would have been far lower.

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FFP is working with UEFA reporting club losses cut by €600m

michel platini 5

By Andrew Warshaw, chief correspondent, in Monaco
August 30 – With the threat of sanctions hanging over them, European clubs have drastically reduced their losses in order to abide by UEFA’s strict financial fair play regulations which include the ultimate punishment of throwing teams out of the Champions League and Europa League. Figures provided by European football’s governing body show that overall losses among the 237 clubs participating in UEFA competitions fell from €1.7 billion in 2011 to €1.1 billion last year –

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