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    MarketForces Africa » MarketForces News » 11,000 Players Move in Summer for $6.46bn

    11,000 Players Move in Summer for $6.46bn

    Julius AlagbeBy Julius AlagbeSeptember 3, 2024 News No Comments2 Mins Read
    11,000 Players Move in Summer for $6.46bn
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    11,000 Players Move in Summer for $6.46bn

    The summer transfer window has seen a record 11,000 players around the world join new clubs in men’s football, with $6.46 billion spent, the ruling body FIFA said on Tuesday.

    FIFA said in its International Transfer Snapshot covering the period June 1 to Sept. 2 that spendings were only exceeded in 2023 when 10,490 players moved for $7.43 billion.

    English clubs led the way in money spent on new players ($1.69 billion), received for departing players ($1.25 billion), as well as for the number of players arriving (526) and leaving (523).

    Even smaller clubs such as Bournemouth, Brighton & Hove Albion and promoted Ipswich Town were able to spend more than $100 million on new players.

    Italy followed with $825 million spent, ahead of France ($697 million) Spain ($599 million), Germany ($572 million) and Saudi Arabia ($431 million) which had splashed out big sums 12 months ago.

    Italian clubs spent almost double the $425 million they received for player sales, while French sides generated more with $756 million than they spent.

    The biggest summer transfer was the move of Argentina forward Julian Alvarez from Manchester City to Atlético Madrid for around €75 million ($83 million), plus add-ons.

    The women’s game meanwhile saw spendings more than doubled from 2023 to a record $6.8 million, with 1,125 players moving also a record, up from 853 last year. #11,000 Players Move in Summer for $6.46bn

    Fuel to Hit Stations in 48hrs –Dangote

    FIFA
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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