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Transfer windows run from June to early September (summer) and throughout January (winter), with clubs only able to register new players during these periods. Premier League clubs spent a record £2.8 billion in summer 2023, with Chelsea alone spending over £400 million. The British transfer record is £115 million (Chelsea for Moisés Caicedo, 2023), while the world record is £198 million (PSG for Neymar, 2017). Agent fees have exploded, reaching £318 million in the Premier League in 2022-23, with some agents earning more than the players they represent. Financial Fair Play rules limit spending to prevent clubs going bankrupt, but wealthy clubs find loopholes through long contracts and creative accounting. Transfer windows create stability and prevent mid-season poaching, but they also create deadline day chaos and encourage panic buying. The sums of money involved are obscene, agent fees are out of control, and FFP is easily bypassed. But for fans, the transfer window is one of the most exciting times of the year, full of hope, hype, and occasionally, heartbreak.

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