The rise of the world record transfer fee in football
With the summer 2016 football transfer window now closed, pundits are taking stock of a frenzy of deals headlined by Paul Pogba’s record-breaking move to Manchester United. But economists are taking note too. In a summer which saw English Premier League clubs collectively spend more than £1 billion on transfers for the first time, Pogba’s £89 million (€105 million) price tag makes him the world’s most expensive transfer to date – at least by some measures.
In this bulletin we explore the seemingly unstoppable rise in the world record transfer fee over time. And – in light of the increasing globalisation of football, new money from billionaire owners and lucrative deals for TV rights – we ask just how much higher fees might rise in the future.