English clubs spent over £1billion on international transfers in 2021 despite the financial uncertainties created by the Covid-19 pandemic, new data published by FIFA shows.
The amount spent was recorded in the world governing body’s figures as 1.386bn US dollars, equating to just over £1billion and dwarfing the second-highest spending country, Italy, by more than £500million.
Premier League clubs, chiefly boosted by world-beating broadcasting deals, were the buyers in seven of the 10 biggest transfers in 2021.
These included Belgium forward Romelu Lukaku’s move to Chelsea from Inter Milan, Jadon Sancho and Raphael Varane’s transfers to Manchester United from Borussia Dortmund and Real Madrid respectively, and Ibrahima Konate’s arrival at Liverpool from RB Leipzig.
England also topped the league for receipts from outgoing international transfers, generating 548.8m US dollars (just under £400m).
Ten of the top 20 biggest-spending clubs in Europe were English. Manchester United topped the chart with Chelsea second, Arsenal fifth, Tottenham sixth and Manchester City eighth.
The Premier League’s bottom club Norwich were next (14th), followed by Brighton (15th), Aston Villa (18th), Leicester (19th) and Liverpool (20th).
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.