FIFA reports record-breaking $2.35 billion January transfer spend

The January 2025 transfer window shattered records across the footballing world, with global spending hitting an unprecedented $2.35 billion, according to FIFA’s International Transfer Snapshot.

This marks a nearly 20% increase from the previous January high set in 2024. Once again, English clubs, particularly in the Premier League, dominated the market, accounting for over a quarter of the total expenditure.

Premier League clubs spent an estimated $621 million, with Manchester City leading the charge.

The reigning champions invested heavily, securing Omar Marmoush, Nico Gonzalez, Vitor Reis, and Abdukodir Khusanov for a combined $237 million.

This aggressive spending strategy positioned City as the highest spenders during the window, reflecting their commitment to rebuild following a troubling few months for Pep Guardiola’s side.

Saudi Arabian clubs also made a significant impact, driven by sovereign wealth-backed investments from the Public Investment Fund.

Al Nassr’s headline-grabbing $81 million acquisition of Colombian forward Jhon Durán from Aston Villa was among the standout deals. In total, Saudi clubs spent $202 million, further establishing the region as a growing force in world football.

Elsewhere in Europe, German clubs ranked second in spending at $295 million, closely followed by Italy ($222 million) and France ($208 million).

However, French clubs stood out for their profitability, generating a transfer surplus of more than $200 million, largely through high-profile sales.

The women’s game also saw unprecedented growth, with total spending reaching $5.8 million – an increase of 180% from the previous January. Chelsea broke the women’s transfer record by signing American defender Naomi Girma from San Diego Wave for just under $1.1 million.

They also secured England midfielder Keira Walsh from Barcelona for a reported $1 million, emphasizing the growing financial commitment to women’s football.

Globally, the record-breaking transfer window highlighted contrasting strategies. While clubs like Manchester City and those in Saudi Arabia spent heavily to bolster their squads, others, including Portuguese and French sides, focused on maximizing profits.

Portugal’s clubs, for example, earned $222 million in sales while spending just $50 million, showcasing their role as a key talent pipeline for Europe’s elite leagues.

In total, FIFA reported 5,863 international transfers in January, a jump of 900 deals compared to the previous year.