David Luiz back at Chelsea, Leicester splash money as records tumble on transfer deadline day - Firstpost
Firstpost

David Luiz back at Chelsea, Leicester splash money as records tumble on transfer deadline day


London: Chelsea re-signed David Luiz and Premier League champions Leicester City broke their transfer record for striker Islam Slimani as Premier League clubs exceeded the one billion pounds barrier when the curtain fell on transfer deadline day.

Arsenal and England midfielder Jack Wilshere completed an unexpected loan move to Bournemouth, while Tottenham Hotspur pipped Everton to Newcastle United's Moussa Sissoko in a deal said to be worth 30 million pounds ($39.41 million).

Fees paid by Premier League clubs passed one billion pounds for the first time, according to financial analysts Deloitte.

David Luiz re-signed for Chelsea on transfer deadline day. Image courtesy: Twitter/@ChelseaFC

David Luiz re-signed for Chelsea on transfer deadline day. Image courtesy: Twitter/@ChelseaFC

That was inflated by the world record 89 million pounds that Manchester United paid Juventus for France midfielder Paul Pogba earlier in the window. United also got one of the close-season bargains in Zlatan Ibrahimovic who joined as a free agent.

The highest fee on deadline day, reported to be about 34 million pounds, was paid by Chelsea for Brazil defender Luiz who had left the London club to join Paris Saint-Germain two years ago for 50 million pounds.

Chelsea also completed the signing of Spanish left back Marcos Alonso from Fiorentina for 24 million pounds, making them the Premier League's biggest spenders on the final day.

Leicester were among 13 Premier League clubs to break their club transfer record, paying an initial 30 million euros ($33.47 million) to sign Sporting Lisbon striker Slimani. It was the third time they had set their club record in the window.

France midfielder Sissoko appeared set for a move to Everton before Spurs nipped in to sign the player, having earlier completed a deal to bring Olympique de Marseille forward Georges-Kevin N'Koudou to White Hart Lane in a five-year deal.

Manchester City, who splashed out millions on players such as England defender John Stones earlier in the widnow, were among the clubs trimming their squads on deadline day.

Mario Balotelli ended his miserable spell at Liverpool by joining Nice in a permanent transfer.

Another England international, midfielder Wilshere, moved on loan to Bournemouth from Arsenal as he looks to get his career back on track after being plagued by injuries in recent seasons.

Arsenal also released midfielder Serge Gnabry on a permanent transfer to Bundesliga club Werder Bremen.

"Following a record breaking transfer window it is clear that the transfer spending spree has been fuelled by the massive amount of additional funding that the clubs stand to get from the new television rights contract," said Philip Shepherd, a partner at auditors PricewaterhouseCoopers.

"The issue for clubs now is not to respond to the additional funding by spending it all on new players and wages.

"Driving up player price inflation also forces up operating costs to the potential detriment of the long-term sustainability of clubs, supporters and the development of new young players.

"The big difference is that now nearly all the English Premier League clubs can be competitive in the European market for players as no other country has such a lucrative contract spread across the league."

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