West Ham United boss Sam Allardyce is surprised by the big spending of clubs around them.

The transfer market shows no sign of slowing down, as clubs rush to spend their new bumper television income, which is all set to be under the new Premier League financial fair play regulations.

Allardyce said: "What surprises me is how it has fitted into the new (financial fair play) system, because I am told the new system is to restrict wage spending, so if the wages are low and the transfer fees high, I heard that does not matter too much.

"But I think those who are spending that type of money are doing so because they have increased the revenue which is coming in via the TV money that has gone up.

"If it is within these new regulations, then it is well within their rights to do, and it should only make the Premier League a lot more entertaining than it was last season.

"Those clubs who are spending it have to spend it wisely, like we all do - and those at the big end spend one amount of money which covers the entire amount of the squad you have got, and that is what you have to compete with when you are a West Ham manager because everybody expects you to still to try to beat those teams when just one player costs £35m."