Trump to visit Saudi Arabia in mid-May: Report    Worshippers in Makkah and Madinah perform Eid Al-Fitr prayer    Saudi authorities shut down food factories and branches over suspected poisoning cases    Saudi Arabia welcomes formation of new Syrian government, expresses hope for stronger ties    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Defense, interior, and national guard ministers extend Eid greetings, praise efforts of military and security personnel    Syria forms new government with 22 ministers including one woman President Sharaa vows reform and transparency    Israeli army fires warning shots at UN peacekeepers in southern Lebanon    Denmark rebukes US Vice President Vance over Greenland remarks    Mexico bans junk food in schools to fight childhood obesity epidemic    Makkah and Madinah mobile data usage exceeds global average during Ramadan: CST    Elon Musk's xAI acquires X in all-stock deal    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    NewJeans announces hiatus after setback in court battle    George Foreman, heavyweight champion and cultural icon, dies at 76    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi league sets new transfer record with $875.4 million spending in 2023
Published in The Saudi Gazette on 09 - 09 - 2023

RIYADH — The Saudi Pro league achieved unprecedented success in the 2023 summer transfer window, solidifying its position as a rising force in international football.
FIFA, the global governing body for football, confirmed that Saudi clubs ranked second in the world in terms of spending on transfer fees, with a remarkable total of $875.4 million invested in international transfers during the mid-year window.
This groundbreaking achievement highlights the league's rapid growth and its increasing prominence on the global football stage.
In a recent announcement, FIFA revealed that international football clubs shattered all previous records by collectively spending a staggering $7.36 billion on transfer fees during the 2023 summer window.
"This unprecedented figure of $7.36 billion was expended on transfer fees during the 2023 mid-year window, marking a remarkable 47.2% increase compared to the 2022 mid-year period and a substantial 26.8% surge over the previous mid-year record set in 2019," FIFA stated in an official press release.
England emerged as the undisputed leader in the 2023 mid-year transfer period, which ran from June 1 to Sep. 1, 2023, surpassing all other nations in terms of spending on transfer fees, the number of incoming transfers, and outgoing transfers, according to FIFA's comprehensive report.
Notably, Saudi Arabia secured the second position in the global spending ranking, with a remarkable total of $875.4 million invested in international transfers.
This achievement places the Saudi football league ahead of traditional football powerhouses such as France ($859.7 million), Germany ($762.4 million), Italy ($711.0 million), and Spain ($405.6 million) in terms of transfer spending.
FIFA's report also highlighted a significant increase in agent fees, which reached an all-time high of $696.6 million during the mid-year transfer window.
This surge brings the total agent fees for the year 2023 to date to $853.0 million, reflecting a substantial 36.9% increase over the entire year of 2022 and an unprecedented high in the history of football transfers.
In a parallel development, the world of women's football also witnessed substantial growth, with transfer fees exceeding $3 million during the same period.
This remarkable figure represents a doubling of last year's transfer fees and underscores the increasing global interest and investment in women's football.
The record-breaking spending on international football transfers in 2023 reflects the continued growth and economic vitality of the sport on a global scale.
As football clubs and nations vie for top talent, the football transfer market continues to set new benchmarks, promising an exciting future for the sport worldwide.


Clic here to read the story from its source.