Financial Times FT.com

Transfers down as austerity closes window

By Roger Blitz, Leisure Industries Correspondent

Published: September 1 2009 23:30 | Last updated: September 1 2009 23:30

English football’s reputation for reckless and unsustainable spending may soon be kicked into touch following a summer of caution and restraint in the transfer market by all but one of the Premier League’s 20 clubs.

Transfer spending involving Premier League clubs is expected to total £450m, down 10 per cent on last summer’s £500m, once the final deals completed before Tuesday’s transfer deadline are totted up.

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