January transfer spending down 70%

Premier League spending in the January transfer window was down 70% on the record level of £225m spent in January 2011, Deloitte UK sports specialist Alan Switzer tells BBC Sport's Andy Swiss.

Everton, Tottenham and QPR all made the headlines, with Spurs securing a deal to take Louis Saha from the Toffees and Steven Pienaar going in the opposite direction, while QPR brought in Bobby Zamora from Fulham and ex-Liverpool striker Djibril Cisse from Lazio.

Switzer, director of the sports business group at Deloitte, believes the reduction in spending is due to the general economic climate and clubs being aware of the financial fair play rule being implemented by Uefa, and thinks loan deals are likely to become increasingly popular.