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. Premier League clubs spent 194 million pounds 351.5m

. Manchester City, Chelsea and Manchester United in the first four

the dust settles on the registration documents filed with the national associations across Europe, it became clear that the clubs of the five major European leagues have spent £ 351.5m net on new players this summer alone transfer fees. By far the greater part of that total came from the Premier League, where the net expenditure amounted to ? 194 million.

net expenditure to 26 of 32 clubs in the Champions League - a broader base than England, France, Spain, Italy and Germany (and only 26 clubs can be explained because the figures are available for clubs in the Czech Republic, Cyprus, Russia, Belarus and Romania) - was £ 281.78m. This could put the window of the UEFA in a kind of sticky.

Financial

new European Confederation of fair play, the regulations stipulate that in this season and next, the clubs participating in the competition can not sustain losses of over ? 45 million (£ 40 million) . This means that they have leeway £ 19.9m on each of the next two seasons to deviate from an equilibrium position. Net 17 investors from 26 clubs in the Champions League looked past them £ 350.3m, this action effective freedom could be lost even before the salaries and other operating costs (such as debt servicing and accounting fees, such as depreciation) are considered.

data transfer costs are only part of the history of financial fair play that the most important factor affecting the profitability (or rather, lack thereof) is the player's salary . But in general, the European Club Association secretary, Michele Centenaro, identifies it as a worrying trend. "As for transfers this summer, the impression is that all clubs have really understood what it means financial fair play," he told the Financial Times.

biggest spender in Europe this summer was, inevitably, Manchester City, with ? 63.6m. But extravagance is not unique. Chelsea and Manchester United were the biggest spenders over the second and fourth of the summer (53.1 million pounds to 40.6 pounds, and, respectively), separated by 41.9 pounds from Real Madrid. Curiously, Bayern Munich, whose CEO, Karl-Heinz Rummenigge, chairman of the CEA, which has supported the introduction of financial fair play, spent £ 34.5 million, the fifth largest spender Champions League this summer .

If, indeed, are indicative of future losses, these figures suggest one thing: UEFA has a potential application problem at hand. It would be one thing to rule out Manchester City debut in the Champions League this season, and quite another to stand in the way brands of clubs to generate their own income, such as Chelsea, United, Bayern and Real.

Wenger, the arranger of loans

With 24 days period, transfers to examine and several that were presented in the final minutes before cutting 23:00, Scudamore not get much sleep Wednesday night. But he was out of bed early Thursday morning for a meeting with a delegation of MEPs to promote the charitable work done by clubs in the Premier League. However, due to the timing of the event, efforts were not Scudamore accepted without reservation. "Yes, there is £ 170 000 000 invested in community projects," one of the members present, Digger said, "but I have mixed feelings when you see how much is spent by English clubs in the transfer market. For reasons of competitive balance should not be greater harmonization across Europe. "

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