EPL clubs make transfer profit for first time

English Premier League clubs made $50 million in profit from the January transfer window, the first time they have come out of the football horsetrading in the black, according to a study.  The 20 clubs spent £215 million ($270 million250 million euros) on new players during the market from Jan 1until Tuesday, according to the estimate by the Deloitte consultancy. This is the second highest amount for this window since 2011. Deloitte said however that this time, the Premier League clubs had recorded net transfer receipts of £40m ($50 million46 million euros). “The sales of Oscar, Dmitri Payet, Odion Ighalo and Memphis Depay, as well as around £20m worth of sales to Championship clubs, have helped Premier League clubs record net receipts for the first time in a transfer window,” Dan Jones from Deloitte’s sports business department has been quoted by media in England.