Radamel Falcao's move to Manchester United leads Europe transfer frenzy

Paris Manchester United swooped from nowhere on Monday to make striker Radamel Falcao the surprise big signing on the last day of Europes recordbreaking summer transfer window British media said the Colombian would move from Monaco in a one year loan that pushes Uniteds spending since the opening of the transfer market on June 9 above Acircpound150 million 250 millionManchester United have agreed a sensational deal to sign Colombia striker Radamel FalcaoTeams from the top leagues in England Spain Germany Italy and France have laid out more than 21 billion during the transfer window and the frenzied last day is likely to see the figure rise substantially Manchester United have been the single biggest spenders ahead of Spains Real Madrid Manchester United are buying Daley Blind from Ajax Amsterdam and have also brought in Argentine international Angel di Maria from Real Madrid for Acircpound59 million Spanish international Ander Herrera England defender Luke Shaw and another Argentine Marcos RojoThe arrival of 28yearold Falcao sparked new moves around United who have failed to win any of their first three games in the Premier League The clubs Mexican striker Javier Hernandez went to Real Madrid for a medical ahead of a likely switch to Spain Uniteds England striker Danny Wellbeck was also tipped to move during the day Their Japanese striker Shinji Kagawa returned to former club Borussia Dortmund on SundayManchester Citys England defender Micah Richards was in Italy for a medical with Fiorentina the Italian side said Chelseas Dutch midfielder Marco van Ginkel has gone to AC Milan Italys World Cup striker Alessio Cerci moved from Torino to Atletico Madrid who have signed 10 players for their campaign to defend the Spanish title Record Spending According to FIFA Transfer Matching System which monitors the global market the big five leagues have already smashed the 202 billion spent on last years transfer marketWhile spending is dramatically higher in England Spain and to a lesser degree Germany According to Deloittes sports business group more than 12 billion had been spent by Englands 20 Premier League clubs up to Friday That was already more than 165 million above last years transfer window and British media said the total figure would pass 133 billioin by the end of MondayOn top of Uniteds big buys Liverpool have also spent more than 190 million mainly to buy Mario Balotelli Adam Lallana and Dejan Lovren Chelsea have laid out more than 125 including for Cesc Fabregas and Diego Costa and Arsenal more than 103 million English clubs have spent about 300 million on Spanish players But according to FIFA Spains current spending is closing on 600 million and already three times higher than last years preseason transfer windowA spending splurge by Real Madrid and Barcelona has accounted for the buying Barcelona paid Liverpool more than 125 million for Luis Suarez while Real Madrid spent a reported 108 million on Monacos James Rodriguez and more than 35 million on German World Cup midfielder Toni Kroos The market has fallen just as dramatically in Italy and France where the poor economy and UEFAs financial fair play regulations have hit the football businessTop French sides Paris St Germain and Monaco have spent 75 less this year on new players than in the 2013 transfer window Spending by Italian clubs approaching 200 million is 45 down on last year AC Milan took Chelseas Fernando Torres in a loan deal on Saturday