By Muambo Edward
Football Writer, kick442.com – Cameroon
FIFA has made public the amount of money spent on transfer of players from one club to another in 2019.
According to reports from the world’s football governing body, US$7.35 billion was spent as transfer fees across the world in 2019 in the men’s game.
This is a record figure for transfer fees across the world, with an increase of 5.8% compared to 2018.
FIFA pointed out that only 100 clubs were responsible for 80% of the total spending in 2019.
Without any surprise, the English clubs were the top spenders with US $1.5 billion, though they registered a drop in expenditure of 22.1% from the previous figures.
The English clubs recorded the largest negative net balance, amounting to US$549.9 million.
On their part, the Portuguese clubs registered the highest net balance with US$384 million.
There was also a record number of transfers in 2019, as a total of 18,042 transfers were recorded.
These transfers involved 15,463 players of 178 nationalities.
“It is remarkable to see a new record number of transfers in the men’s market,” FIFA’s Chief Legal and Compliance Officer, Emilio Garcia Silvero said.
Women’s football also recorded a remarkable improvement in transfers figures in 2019.
There was a 16.3% increase in spending for the transfers of female footballers around the world.
The number of transfers increased from 696 to 833, with the total figures rising to US$652,000 from US$560,000.
“We observed 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,” Emilio Garcia Silvero added.
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