English clubs paid 51% of transfer fees across Europe's big five, says CIES study

English clubs paid 51% of transfer fees across Europe's big five, says CIES study

05-Feb-2018 13:50:46 | Yahoo Sports

The spending of Premier League clubs in January accounted for 51% of transfer fees paid out by Europe's top five leagues, according to a CIES study. CIES said "the total estimated spending was over one billion euros" in England, France, Germany, Italy and Spain. Premier League sides had an outlay of £483m (545m euros) with a net loss of £100m (113m euros). There was a deficit despite Philippe Coutinho moving to Barcelona from Liverpool for £142m. Striker Diego Costa also left Chelsea to join Atletico Madrid for a fee CIES (International Centre for Sports Studies) put down as £58.5m (66m euros). Those two moves contributed to La Liga having a record deficit of £166.5m (188m euros). The two biggest

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