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Premier League spending reaches $1.4 billion mark

Top-flight clubs in England have smashed the previous record of $1.38bn - spent in 2014-15 - in a single campaign

Premier League spending has reached the $1.4 billion mark in a single season for the first time, new figures have revealed.

Deloitte's latest analysis claims that clubs in England's top flight have spent $185 million so far in the January transfer window, an amount which takes total spending in 2015-16 above the record of $1.38bn set last season.

It is expected that even more money will be spent before the window closes at 23:00 local time on Monday.