Premier League transfer spending passes £1BILLION for the season for the first time ever

The 20 top flight clubs have surpassed the previous record of £965million and the total could continue to grow on transfer deadline day 

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  The seasonal spending in the Premier League has passed the £1billion mark.

January's transfer spending stood at £130million heading into transfer deadline day, taking the gross spending into the billions for the first time ever.

Clubs surpassed the previous record of £965million which was spent in the 2014/15 season before the final day of the window.
It means that spending this season has nearly doubled from the £545million in the 2011/12 campaign.

Premier League seasonal spending

Source: Deloitte - correct up to 10:30am February 1 2016

Dan Jones, partner in the Sports Business Group at Deloitte, commented: “We’ve seen Premier League clubs again use the January window to invest significantly in playing talent.

"With a day left, the total gross spending this season has already reached £1billion for the first time."
Last year, £45million was spent between the 20 clubs on transfer deadline day.

Premier League January deadline day spending 2011 to 2014

That total could be pushed again this year if the key transfers are pushed through, such as Saido Berahino's potential switch to Newcastle United.
The exact total spending will be confirmed by 11pm on Monday as the window slams shut.

Transfer Deadline Day - January 2016