EPL transfer spending in summer 2015 reaches whooping GBP 500m

Manchester City paid GBP 49m for Raheem Sterling (in-pic) from Liverpool

New Delhi: The 2015 summer transfer window has seen Premier League clubs get their money flowing in the market, as a whooping sum of GBP 500m has already been spent on players.

With the window shutting down on September 2, the sum is likely to go further up.

According to reports in the BBC, financial analysts Deloitte said the £500m milestone had been reached last Friday.

Last season the summer transfer window accounted for a record-breaking GBP 835m, and it is expected that this summer's net spending might splurge higher.

Raheem Sterling's move from Liverpool to Manchester City for a huge sum of GBP 49m, leads the transfer value this term. Also huge invetsments were made by Liverpool for Christian Benteke and Roberto Firmino.

United have already spent GBP 83m on four players and Louis van Gaal hinted recently that the club are looking for more options.

Chelsea, Arsenal and Man City are linked with some big money signings and if that happens, the sum will go much higher.

It will be interesting for clubs to keep their net spending in check in order to stay in line with the Financial Fair Play (FFP) rules.