Coventry City, Ipswich Town and Hull City have splashed the cash this summer as all three chase Premier League survival, combining for a staggering £400m outlay, according to BBC News.

Ipswich have been the biggest spenders of the trio, smashing Sunderland's previous £160m single-window record as they look to bounce back stronger following relegation-threatened form last term. Hull and Coventry have also dipped heavily into the market, underlining just how much is riding on top-flight status financially for clubs outside the traditional elite.

The report questions whether the outlay will be enough to keep any of the three sides competitive, with the Premier League's gulf in resources making survival anything but guaranteed despite the heavy investment. BBC News suggests the coming months will reveal whether this summer's spending spree proves a shrewd gamble or an expensive miscalculation for clubs desperate to cement their place among England's top tier.