The English Premier League has reinforced its position as the most competitive football league worldwide, following a record-breaking spending spree in the summer transfer market, reaching three billion pounds sterling (four billion dollars), according to financial audit firm Deloitte.

The transfer window closed dramatically at midnight the day before yesterday, after Liverpool, the defending champions, announced a British record signing of Swedish striker Alexander Isak for 125 million pounds sterling.

According to Deloitte, the total spending exceeding three billion pounds during the recent transfer period surpasses the previous record of 2.4 billion pounds set in 2023 by more than 650 million pounds.

The total spending has exceeded two billion pounds for the third consecutive summer, but this is the first time it has crossed the three billion threshold.

Spending in the Premier League surpassed the combined total of the other major European leagues, accounting for 51% of the total spending among these leagues (England, France, Italy, Spain, and Germany).

Tim Bridge, the lead partner of Deloitte’s sports business group, said: “A third consecutive summer breaking spending records in the English Premier League over four years sends a clear message that, despite reduced spending elsewhere in the continent, clubs show no intention to slow down their investments in the product on the pitch.”

He added: “With an unprecedented number of English clubs participating in European competitions, more than any other league in Europe, Premier League clubs seek to attract the best talents and enhance the league’s status as the most competitive in world football.”