English Premier League's hidden costs revealed
December 1, 2012 -- Updated 2119 GMT (0519 HKT)
Manchester City was the highest spender when it came to agents' fees, paying out close to $17million. Manager Roberto Mancini was busy in the transfer market, bringing in the likes of Javi Garcia from Benfica.
Manchester City - $17m
Liverpool - $13.8m
Queens Park Rangers - $10.9m
Tottenham Hotspur - $10.5m
Chelsea - $10.3m
Arsenal - $8.8m
Manchester United - $5.7m
Southampton - $1m
- Premier League clubs spent $123 million of agents fees between October 1 2011 and September 30 2012
- Records show an increase from previous year's total of $115 million
- Manchester City are highest spenders after paying out $17 million
- Premier League newcomers Southampton at the bottom of the pile
(CNN) -- The hidden costs of football were revealed as the English Premier League released figures showing that its clubs spent over $123 million on agents' fees between October 1 2011 and September 30 2012.
That's an increase from the previous year's figures where an estimated $115 million was paid out by clubs.
Premier League champions Manchester City were the biggest spenders, splashing out nearly $17 million.
Manager Roberto Mancini added significantly to his squad before the 2012-13 season with the arrivals of Jack Rodwell from Everton, Javi Garcia from Benfica and Matija Nastasic from Fiorentina.
That number is fractionally up on the previous year's figures, which saw City spend just under $15.5 million.
While cash-rich City might have been expected to be leading the table, Liverpool's second place ranking comes as something of a surprise.
Fair play? Football clubs seek to beat financial offside trap
The Anfield club spent around $13.8 million on agents' fees, with much of that coming from the reported $40 million it paid out for Fabio Borini and Joe Allen in August.
Relegation-threatened Queens Park Rangers spent the third highest amount.
The west London club has yet to win a single league game this season and appointed Harry Redknapp as its new manager last week after dispensing with the services of Mark Hughes.
Rangers paid around $10.9 million to agents with former boss Hughes signing a host of players including Brazil's Julio Cesar from Inter Milan, Real Madrid's Esteban Granero and Ji-Sung Park from Manchester United.
Tottenham ($10.5 million) and Chelsea ($10.3 million) are also at the top end, while Premier League newcomers Southampton spent just over $1 million.
Arsenal insist $240 million windfall is 'all about football'
According to the figures, Manchester United paid $5.7 million, which was down from $7.1 million the previous year.
Of the newly-promoted clubs, West Ham United leads the way, racking up figures of $7.1 million, while Reading came close to hitting the $3.5 million mark.
Arsenal ($8.8 million) and Newcastle ($5.6m) were also significant contributors.
Part of complete coverage on
July 31, 2014 -- Updated 1145 GMT (1945 HKT)
When celebrating an important anniversary, it's always good to look your best. At least that's theory for a Spanish football team's preseason tuxedo kit.
July 30, 2014 -- Updated 1103 GMT (1903 HKT)
While many top European clubs are targeting the U.S. market, French football is setting its sights on expanding into Asia -- with China playing a key role.
July 27, 2014 -- Updated 1229 GMT (2029 HKT)
Major League Soccer has snared another big name from England with former Chelsea star Frank Lampard committing his future to New York City FC.
July 23, 2014 -- Updated 1656 GMT (0056 HKT)
Europe's top clubs have booked a summer holiday to the U.S. -- but this is business not pleasure as they look to cash in on the World Cup afterglow.
July 22, 2014 -- Updated 1828 GMT (0228 HKT)
Former World Cup-winning captain Dunga is appointed coach of Brazil's national team for the second time, charged with restoring national pride.
July 22, 2014 -- Updated 1420 GMT (2220 HKT)
Colombia's World Cup star James Rodriguez continues Real Madrid's long tradition of signing "Galacticos."
July 21, 2014 -- Updated 1007 GMT (1807 HKT)
Germany's World Cup-winning captain Philipp Lahm has decided to go out at the top by announcing his retirement from international football.
The U.S. government recognizes Kosovo, as do most European states, but getting football's ruling bodies to play ball has proved harder.
June 4, 2014 -- Updated 1504 GMT (2304 HKT)
National heroes don't always belong to one country. Ask France's World Cup hero Patrick Vieira, who is rediscovering his roots.
CNN's John Sinnott on the quiet Cambridge graduate behind Liverpool's resurgent campaign.
May 30, 2014 -- Updated 1519 GMT (2319 HKT)
They are the dispossessed -- stateless, and unrecognized by football's ruling body. But these teams will still play at their own World Cup.
Louis van Gaal will be a perfect fit for Manchester United the club, business and brand, says CNN's Patrick Snell.
Today's five most popular stories