Jan 2025 transfer window breaks $2b records as Man City lead spending

The January transfer window has set a new benchmark in the men's football arena, with global transfers surpassing the $2 billion (£1.6bn) mark for the first time, as reported by FIFA.
This unprecedented spending spree was significantly influenced by Premier League champions Manchester City, who accounted for 10 per cent of the total expenditure with an impressive $223 million (£179 million) spent on four new recruits, report agencies.
Under the management of Pep Guardiola, Manchester City enhanced their roster with the acquisitions of Omar Marmoush, Nico González, Abdukodir Khusanov, and Vitor Reis during this transfer window. Their combined contributions not only bolster City's attacking options but also reinforce the Premier League's status as the highest-spending league globally. With a total outlay of $621.6 million (£498.7 million), the Premier League once again demonstrated its financial prowess in the football market.
Following the Premier League in spending were clubs from Germany, Italy, France, and Saudi Arabia, with expenditures of $295.7 million, $223.8 million, $209.7 million, and $202.1 million, respectively. This distribution of spending illustrates the growing financial clout of leagues outside of England, as clubs in these countries seek to enhance their squads and remain competitive on both domestic and international stages.
In terms of transfer fees received, clubs in France led the way, raking in a total of $371 million. German clubs followed closely with $226.2 million, while English clubs received $185.2 million. Portugal and Italy rounded out the top five with $176.4 million and $162 million, respectively. This influx of transfer fees reflects the lucrative nature of the football transfer market and the financial dynamics at play among European football clubs.
On a global scale, Brazil emerged as the country with the highest number of incoming transfers, totalling 471. Argentina followed with 265 transfers, while Portugal, Spain, and England contributed 207, 200, and 190 transfers, respectively.
Conversely, Argentina also topped the list for outgoing transfers, with 255 players leaving, followed by Brazil with 212, England with 211, the United States with 188, and Portugal with 170. These statistics reveal the intricate web of player movement that characterises the football landscape, underpinning the ongoing evolution of talent distribution across continents.
Meanwhile, Pep Guardiola denied Friday that Manchester City spent big in January in case the club are hit with a transfer embargo for alleged Premier League financial rule breaches.
City splashed out around o170 million ($211 million) on Omar Marmoush, Abdukodir Khusanov, Vitor Reis and Nico Gonzalez before Monday's transfer deadline.
They are much-needed reinforcements for a side who are well off the pace in the Premier League and who just scraped into the Champions League play-offs.
Guardiola, whose side meet third-tier Leyton Orient in the FA Cup fourth round on Saturday, was asked whether the club's striking outlay was triggered by the possibility they would be hit by a transfer ban.
He revealed that he was expecting the outcome of the hearing into 115 alleged breaches of Premier League financial regulations within the coming weeks.