Clubs worldwide spent a record $9.63 billion on international transfers in 2023, an increase of nearly 50% compared to 2022, world football's governing body FIFA said in its Global Transfer Report published on Tuesday.
The figure also smashed the previous record set in 2019 by more than $2bn, with English clubs spending the most with a new high of $2.96bn while four countries' associations received more than $1bn in transfer fees in 2023.
Clubs from Germany were the number one recipients of transfer fees with a total of almost $1.21bn, the first-ever time that clubs from any one association have received more than $1 billion in transfer fees in a calendar year.
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