Record 11,000 International Transfers Mark 2024 Close-Season Window

A record 11,000 international soccer transfers were made globally during the 2024 close-season transfer window, with clubs spending over $6.40 billion on transfer fees, according to FIFA. Despite a decline in spending compared to last year, Europe saw the most significant investment, led by English clubs.

The 2024 close-season transfer window registered a record 11,000 international transfers worldwide, marking a 4.8% increase compared to last year, FIFA reported. Clubs spent over $6.40 billion on transfer fees, the second-highest amount ever, although it represents a 13.06% decrease from the previous year. European clubs led the spending surge, with English clubs alone accounting for over $1.6 billion in transfer fees.

This year, spending by English clubs fell by 15.5% to $1.6 billion from $2 billion last year, reflecting a more conservative approach amid potential sanctions for violating the Premier League's profit and sustainability rules (PSR). Saudi Arabian clubs also significantly reduced their spending by 50.74%, dropping from last year's $875 million to $431 million this term. Saudi League transfer registrations are set to close in October.

England also dominated in incoming transfers, registering 526, followed by Brazil and Portugal. In women's professional football, international transfer fees doubled to $6.8 million during the mid-year window. ($1 = $1.0000)

(With inputs from agencies.)