Manchester City signed De Bruyne for 55 million pounds.
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Fear of missing out on the English Premier League's huge television money bonanza in 2016 has propelled transfer spending beyond 1 billion pounds ($1.43 billion) for the first time. England's 20 elite clubs have collectively spent more than 1 billion pounds on new players in the season's two transfer windows, financial consultants Deloitte revealed as the mid-season transfer deadline neared on Monday.English top-flight clubs broke new ground by shelling out 870 million pounds on new talent in the 2015 close-season transfer window -- a rise of four percent on the previous record, established the previous summer.Together they had splurged 130 million pounds on players prior to Monday's final day of trading, tipping Premier League spending into 10-figure territory and further confirming England's status as football's financial powerhouse, where 17 of the world's 30 richest clubs reside according to the latest data.
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