FIFA reveal a record £5.9BILLION was spent on transfers this summer
A record £5.9billion was spent on transfer fees worldwide between June and September this summer, a new report from FIFA has revealed.
The governing body published its International Transfer Snapshot report on Friday after analysing yet another busy summer of transfer activity.
Several high-profile players followed Cristiano Ronaldo's example by signing lucrative deals with teams in Saudi Arabian, as stars such as Karim Benzema, N'Golo Kante, Jordan Henderson, Riyad Mahrez and Neymar left Europe to move to the Middle East.
Meanwhile, both Chelsea and Arsenal broke the £100million mark to sign defensive midfielders Moises Caicedo and Declan Rice respectively, while Tottenham legend Harry Kane became the most expensive Bundesliga transfer in history by signing for German giants Bayern Munich.
As a result, FIFA found that almost £6bn was spent on transfer fees in the mid-year window between June 1 and September 1, which smashes the previous worldwide record set in 2019.
This summer's spending was 26.8 per cent higher than 2019, when Joao Felix to Atletico Madrid (£114m), Antoine Griezmann to Barcelona (£108m), Eden Hazard to Real Madrid (£89m) and Harry Maguire to Manchester United (£80m) were the most expensive transfers of the window.
The report also shows a 47.2 per cent increase compared to the 2022 summer window, and it was the first time in history over 10,000 mid-year transfers were made worldwide.
FIFA's Chief Legal and Compliance Officer Emilio Garcia Silvero revealed on Friday: 'England topped the list in the 2023 mid-year period when it came to spending on transfer fees (£1.6bn), the number of incoming transfers (449) and the number of outgoing transfers (514).
'Germany, however, were the number one in terms of
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