Billions crossed borders
More than $3 billion was spent in 2011 on international football transfers, the FIFA said on Thursday, as it published its first full-year report on its regulatory system overseeing player moves worldwide.sports Updated: Mar 02, 2012 00:57 IST
More than $3 billion was spent in 2011 on international football transfers, the FIFA said on Thursday, as it published its first full-year report on its regulatory system overseeing player moves worldwide.
The sport's world governing body said that between January 1 and December 31, 2011, more than 11,500 moves were registered on its Transfer Matching System, with peaks during the transfer windows in January, July and August.
August 31 was the busiest transfer day of the year with 317 moves completed from one country to another. Throughout the year, a new transfer was completed on average every 45 minutes.
Some 70 per cent of the transfers involved out-of-contract players and 20 per cent were loan signings or the return of on-loan players, according to the report entitled 'Global Transfer Market 2011'. Just 10 per cent, however, were permanent moves between clubs, the study said.
FIFA's Transfer Matching System, which does not include transfers within a country, became mandatory on October 1, 2010, and was used last year for the first time by all 208 FIFA member associations as well as more than 5,000 clubs.
The report highlighted that the average annual salary of a professional footballer was $244,000 but the average was skewed upwards by a handful of high-earning top stars. In reality, the median salary was just $43,000.
Similarly, high transfer fees of leading players gave a distorted picture of the average cost of moves. The average was $1.5 million but the governing body said only 14 per cent of transfers involved any financial compensation.
In terms of player profiles, the average age of transferred players in 2011 was 23. Half were aged 22-27 while the oldest was 46.