By Daniel Hunter

Fifa have announced that, hardly unsurprisingly given the number of billionaire club owners, the amount of money spent on football transfers has risen sharply in the past six months.

Further to that the number of transfer deals has fallen by 2% in the first six months of 2013, but their total financial value soared by 39%.

The information comes from Fifa's Transfer Matching System (TMS) organisation, and shows that the total income from 5,204 transfers around the globe was $928.8m (£612m).

Fifa's transfer unit said the increase could be down to some economies recovering. The top seller was Brazil and the biggest buyer was England.

TMS uses modern electronic technology with the aim of making international football transfers more transparent and legally compliant.

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