{"id":44790,"date":"2024-09-19T22:45:13","date_gmt":"2024-09-19T22:45:13","guid":{"rendered":"https:\/\/www.safebettingsites.com\/?p=44790"},"modified":"2024-09-19T22:45:13","modified_gmt":"2024-09-19T22:45:13","slug":"global-spending-on-football-transfers-down-by-10-5-in-2024","status":"publish","type":"post","link":"https:\/\/www.safebettingsites.com\/2024\/09\/19\/global-spending-on-football-transfers-down-by-10-5-in-2024\/","title":{"rendered":"Global spending on football transfers down by 10.5% in 2024"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">After two years of growth, the footballing world witnessed a decline in the expenditure on transfers in 2024. According to numbers presented by <a href=\"https:\/\/www.safebettingsites.com\/\">SafeBettingSites.com<\/a>, football clubs spent <\/span><span data-preserver-spaces=\"true\">a total of<\/span><span data-preserver-spaces=\"true\"> \u20ac10.96 billion on transfers in 2024. This amount represented a decline of 10.5% from the amount of money spent on transfers last year.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Spend on transfers reduced to \u20ac10.96 billion in 2024<\/span><\/h2>\n<figure id=\"attachment_44791\" aria-describedby=\"caption-attachment-44791\" style=\"width: 870px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-44791 \" title=\"global transfer fees\" src=\"https:\/\/www.safebettingsites.com\/wp-content\/uploads\/2024\/09\/euro-prize-money-24.png\" alt=\"\" width=\"870\" height=\"800\" srcset=\"https:\/\/www.safebettingsites.com\/wp-content\/uploads\/2024\/09\/euro-prize-money-24.png 1400w, https:\/\/www.safebettingsites.com\/wp-content\/uploads\/2024\/09\/euro-prize-money-24-300x276.png 300w, https:\/\/www.safebettingsites.com\/wp-content\/uploads\/2024\/09\/euro-prize-money-24-1024x942.png 1024w, https:\/\/www.safebettingsites.com\/wp-content\/uploads\/2024\/09\/euro-prize-money-24-768x707.png 768w\" sizes=\"(max-width: 870px) 100vw, 870px\" \/><figcaption id=\"caption-attachment-44791\" class=\"wp-caption-text\"><em>*transfer spending includes add-ons<\/em><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Now that the summer transfer windows are over globally, one can analyse the ongoing trends in transfer expenditures in football. According to the latest analysis from CIES, football clubs spent a total of \u20ac10.96 billion during 2024. This figure includes the money spent on transfers in both winter and summer transfer windows.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The money spent on transfers in 2024 represents a significant downturn from what was spent in 2023, as clubs had spent around \u20ac12.24 billion on transfers last year. Thus, the transfer expenditure <\/span><span data-preserver-spaces=\"true\">witnessed a decrease of<\/span><span data-preserver-spaces=\"true\"> \u20ac1.28 billion, or 10.5%, in 2024.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A look at the past data from 2015 onwards informs that the global transfer spend increased from \u20ac5.88 billion in 2015 to \u20ac9.99 billion in 2019. The growth was gradual, <\/span><span data-preserver-spaces=\"true\">with the exception of<\/span><span data-preserver-spaces=\"true\"> 2018 when the transfer spending took a dip from the previous year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">COVID-19 hit the footballing world in 2020, and the clubs were financially incapacitated. Understandably, the transfer expenditure took a hit, and the spending on transfers dropped by almost 25% to \u20ac7.51 billion. In 2021, the <\/span><span data-preserver-spaces=\"true\">spending<\/span><span data-preserver-spaces=\"true\"> further decreased by 20.2% to \u20ac5.99 billion, almost down to the levels of the expenditure in 2015.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the footballing industry rebounded from the pandemic in 2022, and the expenditure on transfers rocketed to \u20ac9.34 billion, indicating an increase of 56%. A further increase of 31% followed in 2023 as the clubs globally spent a record total of \u20ac12.24 billion.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Unexpectedly, the global transfer market took a hit in 2024 as clubs decided to be more cautious with their money this year. As stated above, the spending on transfers dropped by 10.5% to \u20ac10.96 million this year.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After two years of growth, the footballing world witnessed a decline in the expenditure on transfers in 2024. According to numbers presented by SafeBettingSites.com, football clubs spent a total of \u20ac10.96 billion on transfers in 2024. This amount represented a decline of 10.5% from the amount of money spent on transfers last year. Spend on &hellip; <\/p>\n","protected":false},"author":83,"featured_media":3835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global spending on football transfers down by 10.5% in 2024 - https:\/\/www.safebettingsites.com<\/title>\n<meta name=\"description\" content=\"After two years of growth, the footballing world witnessed a decline in the expenditure on transfers in 2024. According to numbers presented by SafeBettingSites.com, football clubs spent a total of \u20ac10.96 billion on transfers in 2024. 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