FIFA: Record $1.57 billion spent in January transfer window

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FIFA: Record $1.57 billion spent in January transfer window

Football clubs spent a record $1.57 billion (£1.27bn) on transfers in the January transfer window, the sport's world governing body FIFA said on Thursday, with an all-time high number of international deals taking place last month.

The $1.57bn spent on transfer fees was some $230 million (£189m) more than the previous January window record in 2018. Domestic transfers in England are not included in the total. 

The number of transfers in men's football increased by 14.4% compared to the same period in 2022, with the total value of transfer fees rising by 49.4% compared to the amount spent in January 2022.

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