Saudi league sets new transfer record with $875.4 million spending in 2023

Saudi league sets new transfer record with 5.4 million spending in 2023

Arabian Weekly report

RIYADH — The Saudi Pro league achieved unprecedented success in the 2023 summer transfer window, solidifying its position as a rising force in international football.

FIFA, the global governing body for football, confirmed that Saudi clubs ranked second in the world in terms of spending on transfer fees, with a remarkable total of $875.4 million invested in international transfers during the mid-year window.

This groundbreaking achievement highlights the league’s rapid growth and its increasing prominence on the global football stage.

In a recent announcement, FIFA revealed that international football clubs shattered all previous records by collectively spending a staggering $7.36 billion on transfer fees during the 2023 summer window.

“This unprecedented figure of $7.36 billion was expended on transfer fees during the 2023 mid-year window, marking a remarkable 47.2% increase compared to the 2022 mid-year period and a substantial 26.8% surge over the previous mid-year record set in 2019,” FIFA stated in an official press release.

England emerged as the undisputed leader in the 2023 mid-year transfer period, which ran from June 1 to Sep. 1, 2023, surpassing all other nations in terms of spending on transfer fees, the number of incoming transfers, and outgoing transfers, according to FIFA’s comprehensive report.

Notably, Saudi Arabia secured the second position in the global spending ranking, with a remarkable total of $875.4 million invested in international transfers.

This achievement places the Saudi football league ahead of traditional football powerhouses such as France ($859.7 million), Germany ($762.4 million), Italy ($711.0 million), and Spain ($405.6 million) in terms of transfer spending.

FIFA’s report also highlighted a significant increase in agent fees, which reached an all-time high of $696.6 million during the mid-year transfer window.

This surge brings the total agent fees for the year 2023 to date to $853.0 million, reflecting a substantial 36.9% increase over the entire year of 2022 and an unprecedented high in the history of football transfers.

In a parallel development, the world of women’s football also witnessed substantial growth, with transfer fees exceeding $3 million during the same period.

This remarkable figure represents a doubling of last year’s transfer fees and underscores the increasing global interest and investment in women’s football.

The record-breaking spending on international football transfers in 2023 reflects the continued growth and economic vitality of the sport on a global scale.

As football clubs and nations vie for top talent, the football transfer market continues to set new benchmarks, promising an exciting future for the sport worldwide.

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