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.
Meanwhile, Christiano Ronaldo, one of the most expensive players ever, considering his £80m transfer fee from Manchester United to Real Madrid in 2009, has returned to Old Trafford.
The transfer deal was finalised after £19.7 million (€28m/$33m) handshake. The 36-year-old back starred at Manchester United between 2003 and 2009. It is understood the deal which has been agreed is an initial £12.85 milliom (€15m) with add ons of £6.8m (€8m).
In a statement on their club website, United said: “Manchester United is delighted to confirm that the club has reached agreement with Juventus for the transfer of Cristiano Ronaldo, subject to agreement of personal terms, visa and medical.
“Cristiano, a five-time Ballon d’Or winner, has so far won over 30 major trophies during his career, including five UEFA Champions League titles, four FIFA Club World Cups, seven league titles in England, Spain and Italy, and the European Championship for his native Portugal.
“In his first spell for Manchester United, he scored 118 goals in 292 games. Everyone at the club looks forward to welcoming Cristiano back to Manchester.”