Clubs worldwide spent a record $9.63 billion on international transfers in 2023, a 50% increase from 2022, FIFA said in its Global Transfer Report published on Tuesday.

The figure also smashed the previous record set in 2019 by more than $2bn, with English clubs spending the most with a new high of $2.96bn while four countries’ associations received more than $1bn in transfer fees in 2023.

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