JAKARTA - Premier League clubs broke a record transfer fee of 3 billion pounds (approximately IDR 66.1 trillion) in the summer transfer market which ended in great fanfare thanks to the transfer of Newcastle United striker Alexander Isak, anchored to Liverpool for 125 million pounds (approximately IDR 2.7 trillion).
This figure, estimated by financial company Deloitte, broke the previous record of 2.36 billion pounds (around Rp52 trillion) two last summer.
Liverpool spent more than 400 million in the transfer market, a record for Premier League clubs.
Meanwhile, Arsenal, Chelsea, Manchester United, and Newcastle all broke the 200 million (approximately IDR 4.4 trillion) record.
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"I think this once again shows the competitive nature of the league -- more teams in Europe than ever before and big clubs trying to return to Europe."
"I think the competitive nature of getting into Europe has never been this clear. I think it is also reflected in the amount of business it does."
"Not only total expenses, but the number of businesses entering and leaving these clubs shows a significant desire for them to develop and get the coveted European places," Tim Lunn, Director of Deloitte Sports Business Group, told AP.
The first year of the new domestic television broadcasting rights cycle, along with a record six English clubs that have Champions League nomplok sustenance to exploit, helped provide financial power for this latest surge in spending.
"That's the data we've seen over the past few years about the transfers and revenues the Premier League has also generated. Obviously it later flowed to clubs."
"So, this is just a consequence of the success of the league, size, and scale - not just in the last few years, I think we will look further."
"The Premier League and its strength to attract players, as well as the premium nature of the league and its clubs, are clearly visible."
"This is the beginning of the new four-year rights cycle. Previously, broadcasting rights were sold only in a three-year cycle."
"So now they're extending it for another year, with more games on TV than ever before, so the total cost of TV broadcasting rights is even greater."
"So, I think if you look at it as a whole, there's more revenue to the clubs than ever before," said Lunn.
It was the 10th season in a row where the Premier League gross spending reached billions of pounds and Lunnn said he saw no prospects for a decline.
"Some of the factors, you may imagine will continue. TV deals, it's a significant amount of revenue, which has remained for years."
"There are not many other changes that will occur in the Premier League, the business he runs," said Lunnn.
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