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£5.89B spent during summer transfer window 2023 & £557m spent on agents, reveals FIFA

Rajarshi has been part of Khel Now since 2022, and he covers world football.
Published at :September 9, 2023 at 5:32 AM
Modified at :September 9, 2023 at 5:32 AM
£5.89B spent during summer transfer window 2023 & £557m spent on agents, reveals FIFA

Premier League clubs made the most expensive transfers in summer transfer window 2023

Numerous instances of historically high numbers in both men's and women's football are revealed in FIFA's International Transfer Snapshot (1 June - 1 September 2023), an examination of the worldwide player recruitment movement during the 2023 mid-year transfer window.

The summer transfer window 2023 saw transfer fee spending reach an all-time high of USD 7.36 billion, up 47.2% from the 2022 middle-of-the-year window and 26.8% from the previous mid-year milestone established in 2019.

England dominated the rankings in the 2023 mid-year session for investment on transfer costs (USD 1.98 billion), the total amount of inbound transactions (449), and the number of outgoing moves (514), according to Emilio Garca Silvero, FIFA's Chief Legal & Compliance Officer.

For the first time ever, teams from a single association have received more than USD 1 billion in the 2017 mid-year transfer window, with Germany coming in place with USD 1.11 billion in transfer fee earnings.

With an overall expenditure of USD 875.4 million, Saudi Arabia came in second in terms of spending, behind only France (USD 859.7 million), Germany (USD 762.4 million), Italy (USD 711.0 million), and Spain (USD 405.6 million).

This is the inaugural time that squads from an association apart from UEFA have exceeded 10% of the total, with clubs within the AFC area accounting for 14.0% of the global transfer budget.

Mr. Garca Silvero said, "The number of transfers during the mid-year registration period also climbed for the sixth year in a row, with 829 transactions, 66 of which were paid transfers. With corresponding increases of 19.1% and 83.3%, they are both new records.

”Europe was also dominant in the women’s game, with 634 incoming and 565 outgoing transfers. Germany came out on top in terms of the number of incoming transfers (55), whereas France led the way in outgoing transfers, with a total of 53. Spending on transfer fees in the women’s game more than doubled compared to the 2022 mid-year window, reaching a new mid-year record of USD 3.0 million.

Rajarshi Shukla
Rajarshi Shukla

After earning a bachelor's degree in mass media, Rajarshi began his career as a sports writer in 2019, driven by his passion for sports journalism. He has been working in the field for over six years. A devoted fan of Lionel Messi and Barcelona, Rajarshi has been involved in sports since childhood. Before turning his focus to journalism, he even represented his college at the state level. Along with covering football, he enjoys playing the game, watching movies, and experimenting with new recipes in his spare time, as cooking is one of his favorite hobbies.

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