Football clubs worldwide spent a January transfer record $1.57 billion last month, a FIFA report said Thursday, as the number of international transfers for the winter window reached an all-time high. 

Fuelled by heavy spending from English Premier League clubs, the total outlay represented a near 50 percent increase from the same period last year — and eclipsed the January 2018 record by some $230 million.

English clubs accounted for 57.3 percent of the overall spend after splashing out a combined $898.6 million, with Chelsea alone forking out £320 million ($390 million) on eight new players.

More details on SportsDesk.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.