EPL football clubs record transfer mark

Man City spent 27m pounds to sign Jesus from Palmeiras

London: Premier League clubs have shelled out a record £1.4 billion in transfers this season, according to a report.

The Deloitte consultancy study said top-tier English sides made 40 million pounds ($50 million/46 million euros) in profit from the January transfer window, the first time they have come out of the football horse-trading in the black. Deloitte said total spending by EPL clubs for the 2016/17 season is now almost £1.4 billion ($1.76 billion/1.6 billion euros) smashing the previous record of £1 billion set last season.

Man City shelled out the highest amount of 27 million pounds to complete the transfer of Brazilian starlet Gabriel Jesus from Brazilian club Palmeiras.

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