Global Transfer Expenditures Reach All-Time High of $9.76 Billion, According to FIFA

In the 2025 close-season transfer window, football clubs worldwide set a record by spending $9.76 billion on international transfers, marking a 50% increase from 2024, according to FIFA. The window saw nearly 12,000 transfers registered. Notably, women’s football experienced significant activity as well, with over 1,100 international transfers totaling more than $12 million in fees. A major highlight was Orlando Pride’s acquisition of Lizbeth Ovalle from Tigres Femenil for $1.5 million, making her the most expensive female player transfer to date.

The English Premier League emerged as the leading spender, investing over $3 billion, with German clubs receiving $893 million from English teams. Key transactions included Florian Wirtz’s transfer from Bayer Leverkusen to Liverpool for $156.7 million, along with Hugo Ekitike joining Liverpool and Nick Woltemade moving to Newcastle United for £69 million. Germany ranked second in total spending at $980 million, followed by Italy at $950 million. The Premier League also led in the number of incoming players, with Portugal and Brazil following behind.

Emilio Garcia Silvero, FIFA’s Chief Legal & Compliance Officer, remarked on the vibrant transfer activity in both men’s and women’s football. He highlighted the relevance of these trends, especially as they unfold a year ahead of the FIFA World Cup 2026, noting that the increasing figures in women’s transfers reflect significant growth in the sport. Overall, these developments signal an escalating financial dynamic in football, showcasing the sport’s expanding global appeal and increased investment from clubs worldwide.