80 European clubs spent over $4 billion on summer transfers
UEFA Champions League Trophy on display at Palazzo Marino in Milan, Italy, 22 April 2016. EPA-EFE FILE/MOURAD BALTI TOUATI
Madrid, Sep 12 (efe-epa).- A total of 80 soccer clubs taking part in the 2019-20 UEFA Champions League and the Europa League have spent $4.3 billion on summer transfers.
This year's figure surpassed the summer of 2018 by 55%, a UEFA report said Thursday.
Andrea Traverso, UEFA managing director of financial sustainability and research, said the report compared the clubs, how they qualified and global trends.
"The report already includes insights on this summer's transfer activity, just days after the transfer window closed," she added.
The UEFA Club Competition Landscape Report said that the clubs made a combined revenue of $12.9 billion, with 36% from sponsorship and 28% from audiovisual sports rights, and a profit of $213 million.
The market analysis shows that 43% of clubs have broken their transfer record and that 70% of the transfer spending involved forwards and defenders.
A total of 47% of transfers were of players aged between 21 to 24 years, while only 7% involved players over 28 years old.
The average age of the coaches of those 80 clubs is 48.6 years.
The European competition participants have invested just under $1 billion in club facilities throughout the past 12 months.
The group stages of both the Champions League and Europa League will take place in 24 different stadiums, with a maximum capacity exceeding 50,000 and an average of 41,278 spectators.
Those 80 clubs had 8.4 billion interactions on social media between June 2018 and June 2019, according to the report.
At the time of preparing the UEFA report, Real Madrid was the club with the most social media followers, 222 million, while the website of the 2018-19 Champions League winner Liverpool was the most visited last year. EFE-EPA