Summer transfer window: Record set to be broken in Premier League spending spree

Swansea's Gylfi Sigurdsson has been valued at £50m, Everton have spent £90m and Manchester United bought Romelu Lukaku for £75m - so is Newcastle boss Rafael Benitez right to call this summer's transfer window "a little bit crazy"? Premier League clubs' spending has already surpassed £500m since the end of last season - and business analysts Deloitte say they are on course to set another new record by 31 August. Teams spent a record £1.165bn last summer, rising to £1.38bn after the January window. Football finance expert Rob Wilson says the market "hyper-inflation" means anyone selling to an English club is adding "at least 40%, if not 50%, to the deal". And football agent Jon Smith says a £30m transfer - such as goalkeeper Jordan Pickford's move from Sunderland to Everton - is "the new norm".