Premier League sets record spending of one billion pounds in summer

Premier League clubs have reached the one billion pound mark for the first time, as they entered this summer's transfer window.

Following Arsenal's signing of Mustafi from Valencia on 30 August, the Premier League's summer spending has topped £1 billion. The figure is set to rise until 1 September, when the transfer window closes in England.

Previously, with Man City buying Claudio Bravo, the Premier League broke its own record by reaching 880 million pounds. The previous record was 870 million pounds in the summer of 2015.

Pogba returns to the Premier League as the world's most expensive player. Photo: Reuters

This summer is also the fourth consecutive summer that the Premier League has set a transfer record for a single league.

Of the 20 Premier League clubs, 12 have already spent unprecedented sums this summer. That number could increase as they try to add players or secure deals on deadline day.The most expensive contract this summer also belongs to the Premier League: Man Utd bought Paul Pogba for 100 million pounds. This is also a new world record, surpassing the old record of Real Madrid recruiting Gareth Bale in 2013.

According to VNE