The football landscape is still reeling from Covid-19, and clubs are reluctant to splurge money in the transfer market. According to numbers presented by SafeBettingSites.com, the football transfer market shrunk by around 14% in 2021.
The drop in 2021 continued the trend from 2020, which had witnessed a massive 23% reduction in money spent on football transfers.
Clubs Spent $4.86bn On Transfers In 2021
According to transfer figures released by FIFA, clubs spent a total of $4.86 Billion on football transfers in 2021. This amount of money is the lowest spent by clubs on transfers in the last five years. Furthermore, the total financial size of the market in 2021 has been reduced by 34% since 2019.
These numbers further affirmed that the football industry is still struggling with the pandemic. Several sectors saw somewhat of an upward curve in 2021. However, the same can’t be about football clubs. There is still a lot of hesitancy and fear in the transfer market, and most major…
Source: Complete Sports