News

Record Premier League spending fuels transfer market recovery: FIFA

January 26, 2023 08:55 PM


Twitter Share Facebook Share WhatsApp Share

Record spending by English Premier League clubs fuelled a recovery in the international transfer market in 2022 with a total outlay of some $6.5 billion, according to a report published by FIFA on Thursday.

The figure represents an increase on the last two years as football recovers from the impact of the Covid-19 pandemic but is still below the levels of 2019 ($7.35 billion), just before the health crisis, the sport's world governing body said in its Global Transfer Report.

The report only takes into account international transfers, in which over 20,000 were recorded and fewer than three thousand involved a fee.

English clubs' spending "reached a record high of almost $2.2 billion", the report said, with six of the 10 biggest international transfers involving moves to Premier League sides.

Among those moves were Liverpool's signing of Darwin Nunez from Benfica -- for an initial 75 million euros ($82m) plus 25 million in potential bonuses -- and Luis Diaz from Porto as well as Manchester United's purchases of Casemiro and Antony from Real Madrid and Ajax respectively.

There was also Erling Haaland's switch from Borussia Dortmund to Manchester City and Newcastle United's signing of Alexander Isak from Real Sociedad.

French clubs brought in the most money, although the total amount recouped of $740.3 million was still down on 2019 figures of over $900 million.

Meanwhile, the continuing growth of women's football was reflected by a 19 percent increase in the number of international transfers to a total of 1,555.

Only a small number involved a fee but spending on international transfers rose to $3.3 million, which FIFA said was 62 percent higher than the previous year.

Leading the biggest moves in the women's game was Keira Walsh's transfer from Manchester City to Barcelona, the fee for which was reported as being around 350,000 euros.

"All of this reflects the impressive strides being taken as more and more female players continue to turn professional," said Emilio Garcia Silvero, FIFA's chief legal and compliance officer.



Most Read

  1. Madiha Rizvi ties the knot again Madiha Rizvi ties the knot again
  2. Zara Noor Abbas inspired by Rani Mukerji Zara Noor Abbas inspired by Rani Mukerji
  3. Here is all about Madiha Rizvi’s second husband Here is all about Madiha Rizvi’s second husband
  4. Maryam Nawaz can wear uniform! Maryam Nawaz can wear uniform!
  5. Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital
  6. Humayun Saeed and Saboor Aly under fire for close interaction in public Humayun Saeed and Saboor Aly under fire for close interaction in public

Opinion

  1. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  2. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  3. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  4. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  5. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  6. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay