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Value of football transfers hit five-year low

PARIS (AFP) – The value of football transfers globally in 2021 was the lowest for five years as the coronavirus pandemic took its toll on clubs’ finances for a second year, according to FIFA’s Global Transfer Report.

Spending on transfer fees was USD4.86 billion, a fall of 13.6 per cent compared to 2020 and a decrease of 33.8 per cent compared to the record levels of 2019.

While the biggest transfer of 2021, Romelu Lukaku’s GBP97.5 million (USD133.7 million) move from Inter Milan to Chelsea, caught the eye, overall transfer spending fell despite the number of transactions increasing.