Relegation Could Result In $32M Loss COB Pays R$23M For 2007 Pan Games EPL Newcastle's Bank Balance Revealed Flamengo Members Contribute R$30M In '14 Villar Defends Former Las Rozas Mayor Countries Host Ryder Cup Inspections J.League Revenue Passes $100M Hamburg SV Unveils New Investor TLA Worldwide's Revenue Jumps 12% Porsche To Title Sponsor European Open
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/July 15, 2013/Finance
FIFA's Transfer Matching System Reports Sharp Rise In Recent Spending On Player Transfers
Published July 15, 2013
FIFA reported "the amount of money spent on football transfers has risen sharply in the past six months," although the number of deals has fallen slightly, according to Bill Wilson of the BBC. The number of transfers "fell by 2% in the first six months of 2013," but their total financial value soared by 39%. The total income from 5,204 transfers around the globe was £612M ($924M). FIFA's transfer unit said that "the increase could be down to some economies recovering." The top seller was Brazil and the biggest buyer was England. Transfer Matching System Head Kimberly Morris said that sales revenues were "trending up considerably," and had been helped by the improvement in some countries' economic fortunes. She added that the increase might also "be down to clubs becoming more accurate and diligent in the filing of financial information within the TMS system" (BBC, 7/12).