)
Premier League clubs continue to show their financial muscle, ranking above other leagues in terms of expenditure paid to players' agents
According to FIFA's latest report, 2023 has seen a record-breaking expenditure in international football transfers, with clubs spending a staggering $888 million (£702 million) on agents' fees.
This figure marks a significant 43% increase from the previous year's $623 million (£493 million), eclipsing the earlier record of $655 million (£518 million) set in 2019.
)
14:14 - 14.12.2023
3 records set by Ivory Coast and Chelsea legend Didier Drogba that might never be broken
Chelsea and Ivory Coast legend Didier Drogba enjoyed a stellar career at the top level of football, leaving an indelible mark with some amazing records
)
12:27 - 14.12.2023
Mo Salah to extend impressive record against PL strugglers Manchester United
Mohamed Salah and Liverpool will host bitter rivals Manchester United in a keenly anticipated Premier League clash this weekend at Anfield.
English teams have been identified as the most extravagant spenders, further cementing the Premier League’s place as the most luxurious league in the world, with the country's giants regularly capable of outspending rival leagues.
English Clubs Lead the Spending Spree
English football teams have been the biggest contributors to this year's record, accounting for nearly one-third of the total spend.
)
Their expenditure amounted to $280 million (£221 million), showcasing the financial power of English football in the global market.
Women's Football Makes History
For the first time, the women's football sector surpassed the $1 million (£790,000) mark in spending on agents' fees.
)
This milestone, noted in the 'Football Agents in International Transfers' report, indicates growing investment and professionalisation in women's football.
Record Number of International Deals
The report highlights a record 3,353 international deals in 2023, a testament to the ever-increasing mobility in the global football market. However, it excludes notable domestic transfers like Declan Rice's and Moises Caicedo's £100m moves within the English Premier League.
High-Profile International Moves
The report underscores significant international transfers, including Harry Kane's £86m move to Bayern Munich and Jude Bellingham's £89m switch to Real Madrid. These deals reflect the hefty investments clubs are willing to make for top talent.
Europe Dominates, Saudi Pro League Emerges
European clubs continued to dominate, responsible for 87% of the total agents' fees.
)
Meanwhile, clubs in the Saudi Pro League, involved in high-profile signings of players like Karim Benzema, Sadio Mane, and Riyad Mahrez, contributed $86 million (£68 million).
South Korea Leads in Outgoing Transfers
Surprisingly, South Korea had the largest share in outgoing transfers, with the K League's involvement in 32% of the total agents' fees paid for selling players.
Legal Challenges Over Fee Capping
The Football Association's attempt to cap agents' fees has met legal roadblocks. A tribunal ruled that such caps would breach UK competition law. Similar challenges have been faced by FIFA, with a German court preventing the application of these caps in deals linked to the German market.
)
However, the Court of Arbitration for Sport has shown support for FIFA's regulations, citing the need to mitigate the negative impacts of agent services.
Related content
)
23:56 - 14.12.2023
Osimhen to Stamford Bridge: Chelsea Plots £112m Raid on Napoli for Nigerian Striker
Chelsea is reportedly prepared to activate Victor Osimhen's £112 million release clause at Napoli, viewing him as a top transfer target
)
21:04 - 14.12.2023
Liverpool prepare for Manchester United clash with shock Europa League loss
With many of their star players resting ahead of the Manchester United match this weekend, Liverpool were beaten by Union Saint-Gilloise in their final Europa League match
)
20:21 - 14.12.2023
Red Devils' Downfall: An autopsy of Manchester United’s worst Champions League run
Manchester United's 2023 Champions League campaign was marked by a dramatic downfall, resulting in one of their worst performances in the tournament's history.
![Arsenal’s Jurrien Timber revels in 'exciting' trip to Rwanda [VIDEO]](https://sportal365images.com/process/smp-images-production/ringier.africa/14122023/1cb93ef9-0efb-435a-9b0a-dd90f8dba070.jpg?operations=fit(:350))
18:00 - 14.12.2023
FOOTBALL Arsenal’s Jurrien Timber revels in 'exciting' trip to Rwanda [VIDEO]
The summer signing is visiting Rwanda as he continues to step up recovery from a knee injury.
14:14 - 14.12.2023
3 records set by Ivory Coast and Chelsea legend Didier Drogba that might never be broken
Chelsea and Ivory Coast legend Didier Drogba enjoyed a stellar career at the top level of football, leaving an indelible mark with some amazing records
)
13:40 - 14.12.2023
Chelsea's future Nicolas Jackson tops Premier League offensive stat
Chelsea striker Nicolas Jackson appeared on a CIES Football Observatory data on players with record values for distance covered and sprints on and off possession.
12:27 - 14.12.2023
Mo Salah to extend impressive record against PL strugglers Manchester United
Mohamed Salah and Liverpool will host bitter rivals Manchester United in a keenly anticipated Premier League clash this weekend at Anfield.
)
11:54 - 14.12.2023
The Costly Knockout: Manchester United miss out on up to £95 million after Champions League Exit
Manchester United will be counting the cost of their disastrous exit from the UEFA Champions League group stage, which could severely affect their transfer business
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)