The premier league spending gross has fallen for the second year in a row.
According to analysis from Deloitte, this year saw clubs in the English top flight splash out £1.1 billion ($1.5bn) on new signings throughout the summer transfer window – a reduction in spending for the second year in a row.
It is the English premier league’s lowest summer spend since 2015 .
It’s an 11 per cent drop from last year’s gross expenditure on transfers, which was 9% lower than the previous year, meaning spending has declined for consecutive years for the first time since 2008 to 2010.
Manchester City made the biggest splash with a single transfer when they brought in Jack Grealish from Aston Villa for a fee of £100m ($139m), which set a new British record.
Out of the 1.1 billion spent, Premier League clubs spent a total of £150m on the final day of the window.
Nikola Vlasic’s move to West Ham for £26 million ($35m) was the biggest of the day, but Cristiano Ronaldo completing a return to Manchester United for £20m ($28m) and Tottenham snapping up Emerson Royal from Barcelona added to the total.
Meanwhile, Daniel James joined Leeds from United for around £25m, Arsenal brought in Takehiro Tomiyasu from Bologna for £16m (€19m/$22m) and Brighton landed Spain international Marc Cucurella from Getafe before the window closed.