Transfer activity this summer is frenzied so far despite FFP rules

“This summer is quickly turning into one of the most frenzied transfer periods in recent years. In the Premier League alone, Manchester United, Manchester City and Liverpool have already spent a combined £77 million ($122.9M) on new players, a figure that could easily double before the end of August, as even bigger moves (Samir Nasri to Man Utd, Wesley Sneijder to Man Utd, Ezequiel Lavezzi to City, Stewart Downing to Liverpool) potentially come to fruition. Then there’s Chelsea, yet to sign a new high-profile recruit, and Arsenal, who’ll be eager to add to the £9 million ($14.3M) outlay for Gervinho in the wake of some high-profile departures. It’s feasible that total spending among the 20 first division English teams will top £400 million ($638.8M) this year.” SI

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