- Concerns raised at European Club Association general assembly
- Unprecedented summer spending reshapes transfer market
European clubs are seeking guarantees that they will be paid the huge transfer fees agreed with Saudi Arabian clubs in full after a summer of unprecedented spending that has reshaped the transfer market.
Before this year the amount spent by Saudi clubs on players in Europe’s top divisions had never eclipsed 2% of total yearly sales. After a transfer window that has seen players such as Neymar, Rúben Neves, Fabinho, Aleksandar Mitrovic and Riyad Mahrez move for eye-watering amounts, that proportion has risen dramatically to 11%, totalling €878m (£753m). As recently as 2020 the outlay was only €63m.
Written by Nick Ames in Berlin
This news first appeared on https://www.theguardian.com/football/2023/sep/06/european-clubs-saudi-arabia-transfer-fees-football under the title “Clubs seek guarantees Saudi Arabian teams will pay huge transfer fees in full”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
