The amount of money spent on international transfers in the window which closed on Tuesday dropped by more than 30 percent compared to the corresponding period last year amid the COVID-19 pandemic, FIFA said in a report on Friday.
FIFA announced that a total of $3.92 billion was spent by clubs worldwide between June 1 and October 6 (3:30am IST) in the transfer window this year, compared to $5.8 billion a year ago.
The number of transfers also fell from 9,087 last year to 7,424, down 18 percent, the report said. The number of those transfers involving a fee was 1,623 compared with 1,222, a decline of 25 percent.
“Following the interruption of football for more than three months at the tail end of last season… spending on transfer fees in mens professional football declined significantly,” said the report.
The COVID-19 pandemic…