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.

Tags: Football, Sport