Premier League transfer spending this summer reaches £500m
Transfer spending in the Premier League has reached £500m this summer, £335m short of last summer's total with four weeks until the transfer deadline.
Raheem Sterling's move to Manchester City for an initial fee of £44m has been the highest so far.
Manchester United boss Louis van Gaal has hinted at a "surprise" signing despite spending £83m already.
"A new record is likely as clubs look to benefit from the new TV deal," said football finance expert Rob Wilson.
The transfer window shuts at 18:00 BST on Tuesday, 1 September.
Starting from 2016-17 the Premier League TV rights deal increases from £3.018bn to £5.136bn for three seasons.
The bottom club will pocket £99m per season with the champions earning more than £150m in prize money, even before extra money is paid for featuring in a TV match.
Financial analysts Deloitte said the £500m milestone had been reached last Friday.
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