Global football transfer market passes $4bn
Posted: Wed, 28 Jan 2015 14:32
Football clubs around the world spent a record $4.1bn (£2.7bn) on international player transfers during 2014, according to global governing body Fifa.
It is the first time spending has risen above $4bn and a 2.1% increase on 2013.
England was the world's biggest spender, with its clubs paying $1.2bn (£795m) during the year.
That was more than a quarter of the total spending worldwide, and also 67% higher than the second biggest spender, Spain, which spent $700m.
More information: http://www.bbc.co.uk/news/business-30998454