Cashed-up Premier League leads record transfer spree

Manchester City's Sergio Aguero, foreground, scores his side's first goal of the match from the penalty spot, during the English Premier League soccer match between Stoke City and Manchester City, at The Bet365 Stadium, in Stoke-on-Trent, England, Saturday, Aug. 20, 2016. (Nick Potts/PA via AP)

The cashed-up English Premier League led a record-breaking raid by Europe's top clubs before the transfer window slams shut Wednesday, with Arsenal alone paying more than 60 million euros for German defender Shkodran Mustafi and Spanish striker Lucas Perez.

The Premier League's TV riches have fuelled transfer inflation across the continent, with Inter Milan and Barcelona paying top dollar for Brazil's exciting Olympic gold medal-winning striker Gabriel 'Gabigol' Barbosa and Valencia goal-scorer Paco Alcacer respectively.