News FIFA Reveals $9.63b As 2023 Transfer Expenditure

FIFA, the body that oversees football globally, claimed in its Global Transfer Report released on Tuesday that clubs across the globe spent a record $9.63 billion on international transfers in 2023—an increase of nearly 50% over 2022.

Due to the financial effects of the COVID-19 epidemic, transfer spending decreased in 2020 and 2021; nonetheless, player expenditure has continued to rise, with last year’s overall spending up 48.1% from the previous year.

With English clubs spending the most at a new high of $2.96 billion and four countries’ associations receiving more than $1 billion in transfer fees in 2023, the amount also broke the previous record established in 2019 by more than $2 billion.

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After the major signing of Cristiano Ronaldo, which resulted in several players moving to the Middle East, Saudi Arabian clubs attempted to entice some of the top players from European teams to the Saudi Pro League last year, behind England in the process.

Clubs from Saudi Arabia featured among the top five spenders for the first time with a total outlay of $970 million in 2023, compared to $50.4 million in 2022,” FIFA said.

“Clubs from Germany were the number one recipients of transfer fees with a total of almost $1.21 billion, the first-ever time that clubs from any one association have received more than $1 billion in transfer fees in a calendar year.

“That being said, three more associations also joined Germany in this exclusive group in 2023: France ($1.19 billion), England ($1.04 billion) and Italy ($1.02 billion).

Top men’s moves are Harry Kane from Tottenham Hotspur to Bayern Munich, Enzo Fernandez from Benfica to Chelsea, and Jude Bellingham from Borussia Dortmund to Real Madrid.

“The top 10 player transfers alone generated more than 10% of the entire amount spent on transfer fees in 2023,” FIFA added.

In women’s football, there were also 20% more foreign transfers in 2023 than there were in 2022, with 623 clubs active as opposed to 507 in 2022.

According to FIFA, 1,888 women’s transfers involved a record 131 associations and cost $6.1 million annually, which is 84.2% more than in 2022.

The three largest international moves in women’s football history were Lindsey Horan from Portland Thorns to Olympique Lyonnais, Kyra Cooney-Cross from Hammarby to Arsenal, and Jill Roord from VfL Wolfsburg to Manchester City.

Nonetheless, out-of-contract women’s players accounted for 84.7% of the transfers.

Additionally, FIFA reported that almost 50,000 amateur players—91.7% of whom were men—moved across national borders to join a club in a different association.

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