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By Damilola Faustino

FIFA has announced that the close-season transfer window saw $4.71 billion (€3.96 billion) spent.

Paris Saint-Germain’s world-record signing of Neymar from Barcelona for €222 million ($264 million) stood out, but many of Europe’s other big clubs also broke their own transfer records.

In a statement, FIFA said: “Between 1 June and 1 September, 7,590 international transfers were completed.

“Global spending reached $4.71 billion, meaning clubs spent almost as much during those three months as they had in the whole of 2016 ($4.79 billion).”

FIFA’s report also found that clubs in Europe’s top five leagues spent $3.67 billion, a new transfer-window record.

“Once again, clubs from the Big 5 (England, Spain, France, Germany and Italy) took centre stage, completing 21.2% of the total incoming transfers and spending 77.9% of the total global spend,” football’s world governing body added.

England saw the most money spent on players, with a total amount of $1.4 billion more than double that of any other country.

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