48.5bn Dollars Spent on Int’l Transfers From 2011 to 2020 — FIFA

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August 30, 2021

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A total of 48.5 billion dollars (about N19.98 trillion) in international transfer fees have been paid in the decade until 2020, football’s world governing body FIFA said on Monday.

FIFA, in coming to this conclusion, analysed 133,225 cross-border transfers and loans between 2011 and 2020.

Ten years ago, 2.85 billion dollars was spent, while the highest annual amount was reached in 2019 with 7.35 billion dollars.

Fallout from the coronavirus pandemic meant that 2020’s figure was 5.63 billion dollars.

All transfers between clubs from different countries must be officially registered in FIFA’s Transfer Matching System (TMS), which was introduced in October 2010.

Europe’s August transfer window closes on Tuesday.(dpa/NAN)

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FIFA

Hamilton Nwosa

Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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