Clubs spend £950m in transfer windows

Premier League clubs have spent a record £950million in the last two transfer windows.

There was no downturn in the January window, as clubs matched the £130million spent at the same time last year.

Dan Jones, partner in the Sports Business Group at Deloitte, said: "Given the record level of spending seen in the summer, it is not entirely surprising that we haven't seen a new record for the January window. However, with all Premier League clubs recording record revenues, we might have expected one or two more major deals in this window.

"Despite the relative restraint we have seen in the January window, 2014-15 is still a record season for Premier League spending. Last season saw Premier League spending surpass the £700million threshold for the first time, and the revenue growth at Premier League clubs is such that they have been able to record a combined transfer spend this season of over £950million."