Club spending on international transfer fees reaches all-time record in 2023

FIFA has today published the 2023 edition of the Global Transfer Report, according to which an all-time record of 74,836 cross-border transfers were made in 2023. Some 23,689 (31.7%) of these moves involved professionals (men and women), with the other 51,147 (68.3%) transfers being those of amateurs.

Following falls in spending in both 2020 and 2021 due to the COVID-19 pandemic, clubs spent a new record high amount on international transfer fees in 2023, with their combined outlay reaching a total of USD 9.63 billion – an increase of 48.1% compared to 2022 and surpassing the former record, set in 2019, by more than USD 2 billion.

The top ten player transfers alone generated more than 10% of the entire amount spent on transfer fees in 2023. Similarly, of the 3,279 transfers that included fees, the top 100 were responsible for more than 45% of all money spent on transfer fees, with English clubs once again topping the list with USD 2.96 billion.

German clubs topped the list for transfer fees received from outgoing transfers with a total of more than USD 1.2 billion. Just as in the previous year, Portuguese clubs completed more incoming transfers than clubs from any other association (1,017). Brazilian clubs, on the other hand, released the highest number of players (1,217).

A total of 1,024 clubs spent money on international transfers in 2023, the first-ever time that more than 1,000 clubs invested in transfer fees for new players from abroad. The number of clubs that received transfer fees, 1,241, was also another new high.

Impressive growth of women’s football continues

The impressive growth of women’s professional football also showed no sign of letting up in 2023, with more than 20% more transfers last year compared to 2022. The number of clubs involved in international transfers also rose from 507 in 2022 to 623 in 2023, a 22.9% increase.

All of these numbers reflect the huge strides being taken in the women’s game, with more and more female players turning professional. Some 1,888 international transfers of professional players were recorded in 2023, while a new high of 131 associations (+7.4% compared to 2022) were involved in these transfers.

International transfers of amateurs

In 2023, more than 50,000 amateur players moved across borders to join a club in a new association. Some 91.7% of these players were male. The global reach of amateur football is striking as 207 of FIFA’s 211 member associations were involved in at least one amateur transfer last year. The number-one association in terms of the number of incoming amateur transfers was Germany with a total of 7,825.

The Global Transfer Report 2023 also includes analyses on player nationalities, ages and movement between confederations and associations, in addition to the list of top transfers in both the men’s and women’s game.

The FIFA Global Transfer Report 2023 is available here and on fifa.com/legal.

Update On Arbitration Proceedings By Agencies To Challenge NFAR Implementation

On 19 June 2023, The FA confirmed that the agencies CAA Base, Wasserman, Stellar and ARETÉ had commenced arbitration proceedings to challenge the implementation by The FA of the National Football Agent Regulations (NFAR) relating to English domestic transfers.
 
Those arbitration proceedings have now concluded. The Tribunal has indicated that it will issue its award by 30 November 2023. In light of this, The FA agrees that the implementation date of the NFAR (to the extent upheld by the Tribunal) will be delayed until the earlier of (a) 30 November 2023 or (b) the handing-down of the Tribunal's award. 
 
Until such time, The FA's Working With Intermediaries Regulations will remain in force. The FA will provide an update following its receipt of the Tribunal's decision.

FIFA Report: Football Agents in International Transfers

This represents an increase of 42.5% compared to the level of spending in 2022, and even surpasses the previous record from 2019 (USD 654.7 million) by more than one third.

By far, the largest proportion of all club agents were employed by clubs in Europe, which also account for the lion’s share (86.6%) of global spending on club agents. Similarly, European clubs employed 86.6% of all engaging-club agents and 82.6% of all releasing-club agents.

The largest amount of agent service fees were paid by clubs from England, with a combined total of more than USD 280 million. While not investing in releasing-club agents, Saudi Arabian clubs had the second-biggest spending on engaging-club agents with USD 86.0 million. Korea Republic had the greatest share of outgoing transfers with a releasing-club agent, with 31.6%.

The number of international transfers with an agent acting on behalf of the player reached a record high in 2023 with a total of 3,353 transfers. This corresponds to 15.4% of all transfers and represents an increase of 8.4% compared to 2022.

For the first time ever, clubs in women’s professional football spent more than USD 1 million for the services of club agents, with a total outlay of just under USD 1.4 million. Club agents were present in a record number of 125 transfers, an increase of more than 20% compared to 2022.

The process for obtaining a licence and becoming a football agent under the FIFA Football Agent Regulations (FFAR) opened on 9 January 2023 and all individuals could apply for such a licence. During the period covered by the report (1 January 2023 to 30 November 2023), FIFA received 19,973 licensing applications. Out of the total number of exam applicants, 9,207 took the exam on one of two dates. The first exam was held on 19 April 2023, with testing locations at 138 member associations, and the second exam took place on 20 September 2023, with testing locations at 157 member associations. Out of the 9,207 people who sat the exam, 32.6% passed.

As part of its objective to bring more transparency to the football transfer system, FIFA publishes an annual report on football agents. For the first time, due to the adoption and entering into force of the new FFAR, the report not only presents extensive analyses of football agents’ activity in international transfers, but also provides insightful information about the newly introduced licensing system.

The full report can be found here.

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