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FIFA says clubs spent record $7.35 bn on transfers in 2019

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FIFA Football clubs worldwide splashed out a record $7.35 billion (6.63 million euros) on transfers in the men’s game in 2019, FIFA revealed in a report released on Wednesday.

The amount represents a 5.8 percent increase on 2018, with English clubs accounting for the largest total outlay at just over $1.5 billion — a drop of 22.1 percent on previous figures.

However, 80 percent of all spending on transfer fees came from 100 clubs combined, according to the global transfer market report.

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Portuguese clubs achieved the highest net balance with $384 million while those in England produced the largest negative net balance of $549.9 million.

A total of 18,042 international transfers were made — another record. They involved 15,463 players of 178 different nationalities.

There was also a 16.3 percent increase in spending in women’s football, with the total figure rising to $652,000 from $560,000. The number of transfers climbed from 696 to 833.

“It is remarkable to see a new record number of transfers in the men’s market,” said Emilio Garcia Silvero, chief legal and compliance officer FIFA.

“We observe as well, increasing all-round figures in the women’s market, which is a sign of the positive overall development of women’s football over the last year which we trust will continue in 2020.”

VANGUARD

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