FIFA released a statement stating that Covid-19 impacted global transfer spending. In International football, the amount of spending on transferring of players has been fell for 2nd year in a row and it’s in the lowest compared to previous 5 years.
A report found that the transfers have been increased from 17,190 in 2020 to 18,068 in 2021, with clubs opting to hire more out-of-contract players but football saw an incline in total spending across the game. The total spending in 2021 was $4.86 billion (USD) down from $7.35 billion in 2019 and $5.63 billion in 2020.
“This means that while all clubs needed to freshen up their squads, clubs were not as eager to pay transfer fees, and therefore the total transfer fees hit a five-year low in 2021,” the report said. The highest spenders in the game were the English clubs in internal transfers equating to 1.386 billion dollars worth of total spend. And 10 out of 7 biggest deals in 2021 were signed by them with Romelu Lukaku, who signed for Chelsea from Inter Milan for a club-record fee of 97.5 million.
In 2021, the top 10 transfers were worth 15% of the total spending on transfers fees.
FIFA reports have also stated that as compared to spending done for men’s club’s women’s clubs is of a fraction of it. The FIFA study showed that growth in activity continued despite the pandemic.
The amount spent by women’s clubs on transfers was $2.1 million, an increase of 72.8% compared to 2020 ($1.2 million).