English clubs spending record amounts this summer

Associated Press
Manchester United's new player Angel Di Maria poses for photographers holding his new shirt, at Old Trafford Stadium in Manchester, England, Thursday, Aug. 28, 2014. Manchester United have signed winger Angel Di Maria from Real Madrid for a British record transfer fee of £59.7m. The Argentine winger had a medical in Manchester on Tuesday and has signed a five-year deal. (AP Photo/Alastair Grant)
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Manchester United's new player Angel Di Maria poses for photographers holding his new shirt, at Old Trafford Stadium in Manchester, England, Thursday, Aug. 28, 2014. Manchester United have signed winger Angel Di Maria from Real Madrid for a British record transfer fee of £59.7m. The Argentine winger had a medical in Manchester on Tuesday and has signed a five-year deal. (AP Photo/Alastair Grant)

LONDON (AP) — With frenetic deadline-day dealings still to come, Premier League clubs have already spent record amounts in this summer's transfer window as they benefit from increased income from broadcast revenues.

According to analysis from football finance expert Deloitte released Friday, teams in the top division have splashed out 725 million pounds ($1.2 billion) since the transfer window opened, easily beating the record — set in 2013 — of 630 million pounds (now $1.04 billion).

There are still four days to go until the window shuts, with more than 20 percent of spending in the past two years having occurred on deadline day.

Dan Jones, of Deloitte's Sports Business Group, says the factors behind the increase include "the showcase for global talent a World Cup provides" and the improved TV deals that gave the average Premier League club 25 million pounds ($41.5 million) more in broadcast revenues last season.

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