sports

European Transfer Spending Hits Record €10B

European clubs set a new transfer record by spending over €10 billion this summer, an 8% increase from the previous year, according to UEFA's annual report on club finances.

European clubs spent more than €10,000 million on player transfers this summer, marking a record-breaking 8% increase from the previous year's spending, according to UEFA's annual report 'Panorama del talento y las competiciones en los clubes europeos'.

The clubs also generated €10,300 million from player sales during the same period, representing a 7% increase compared to the previous summer and a remarkable 45% rise compared to the same market period in 2024, based on the analysis of over 700 teams across Europe. afnews.co.za