EPL Spending Soars To Record £2.37bn As Leeds United Complete Signing Of Noah Okafor

The English Premier League has once again broken new ground in the transfer market, with total summer spending climbing to an unprecedented £2.37 billion, following the confirmation of Leeds United’s signing of Swiss international Noah Okafor from AC Milan.

Okafor, 25, joins Leeds on a permanent deal believed to be worth around £18 million, penning a four-year contract at Elland Road.

The forward becomes the club’s ninth signing of the summer as manager Daniel Farke continues to strengthen his squad ahead of their return to top-flight football. AC Milan, in an official statement, confirmed the transfer and extended best wishes to the player, who spent just one season at the San Siro after his switch from Red Bull Salzburg.

The versatile attacker, who can play as a central striker or on the wings, brings with him valuable experience from both Serie A and the UEFA Champions League. Leeds officials are hopeful he will be registered in time to feature in their upcoming clash against Arsenal at the Emirates Stadium. His arrival is seen as a significant boost to the Yorkshire club’s frontline as they look to secure stability in the Premier League after promotion.

The move also pushed the league’s overall spending to a record-breaking £2.37bn, surpassing the previous high of 2023. Top clubs such as Chelsea, Liverpool, Manchester United, and Arsenal have all contributed to the surge with big-money signings, while newly-promoted and mid-table sides have equally invested heavily to remain competitive. Analysts attribute the unprecedented figure to the Premier League’s vast broadcasting revenues and global commercial power, which continue to dwarf those of other European leagues.

For Leeds, the capture of Okafor is more than just a signing—it is a statement of intent. The club’s board and coaching staff have signaled their determination not only to survive but to compete aggressively in the division. With Okafor’s speed, technical quality, and ability to stretch defenses, Leeds are hopeful of adding a sharper edge to their attacking play.

As the transfer window enters its final stretch, spending across the league is expected to rise even further, with several deals still in progress. But for now, the record-breaking investment underscores the Premier League’s unchallenged position as the most financially powerful and attractive competition in world football.