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Sunday, May 19, 2024

English Soccer Clubs Spend Record $2B on Transfers

  • The player transfer market reached new heights in England in 2022.
  • Globally, soccer teams spent $6.5 billion on player contracts.
Premier-League-soccer
Premier League

The market for soccer players among U.K. clubs has never been bigger.

In 2022, English teams spent more than $2 billion on player contracts for the first time, according to FIFA’s Global Transfer Report.

  • The 100 most expensive transfers accounted for nearly half of the almost $2.2 billion.
  • The global transfer market hit $6.5 billion in fees, up from $4.9 billion in 2021. The top 10 transfers accounted for 12.5% of that sum.
  • French teams were the biggest recipients of transfer fees, bringing in $740.3 million.

Men’s professional soccer saw 20,209 international transfers in the year, up 11.6% year-over-year and topping 2019 levels as well. Women’s team transfers grew 19.3% to 1,555, reaching a total spend of $3.3 million.

Hot Team Market

At least two Premier League clubs are expected to be sold soon, with Manchester United potentially changing hands in the coming weeks. 

Liverpool is also on the block, stoking speculation that owner Fenway Sports Group could be looking to buy an NFL team such as the Washington Commanders or found an NBA team if the league expands.

Everton is looking for investors, but isn’t expected to sell a controlling stake.

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