Manchester City spent more than £10 million on agents' fees over the past year, it has emerged.
The champions spent more than any other Premier League side, a total expenditure of £10.5m - nearly £2m more than Liverpool, who shelled out £8.6m between October 2011 and September 2012.
The latest accounts, which cover the last two transfer windows, show the financial gamble made by Queens Park Rangers in a bid to keep them in the Premier League.
QPR, who had spent £2.5m in the previous period, saw a 300% increase in agents' fees with £6.8m worth of payments made to middle men.
The arrival of the likes of Julio Cesar, Jose Bosingwa and Djibril Cisse at Loftus Road in the 12 months has come at a cost, with the club still marooned at the bottom of the table, eight points clear of safety.
The lowest spenders on agents' fees were Southampton, who were the only Premier League club to spend less than £1m.
The combined spend of the 20 clubs amounted to over £77m - an increase from the £71.8m between October 2010 and September 2011.
Chelsea may be one of the biggest spenders in the transfer market, but they were only fifth in the table after spending £6.4m on agents, with Manchester United behind both Arsenal and West Ham with an outlay of £3.6m.
Total money spent on agents (Oct 2011 - Sep 2012):
Manchester City - £10,537,982
Liverpool - £8,600,444
Queens Park Rangers - £6,818,688
Tottenham Hotspur - £6,595,905
Chelsea - £6,490,382
Arsenal - £5,580,873
West Ham Utd - £4,436,992
Manchester Utd - £3,681,580
Newcastle Utd - £3,485,503
Everton - £3,092,891
Aston Villa - £2,730,539
Fulham - £2,581,208
Sunderland - £2,173,762
Reading - £2,167,833
Wigan Athletic - £1,974,305
Stoke City - £1,717,266
West Bromwich Albion - £1,341,301
Norwich City - £1,248,725
Swansea City - £1,100,845
Southampton - £646,106