Football Betting
Women's Football's £1m Transfers: What Would They Be Worth in the Men's Game?
A look at women's football's seven-figure transfer boom, comparing record fees with their potential Premier League equivalents and examining the WSL's rapid financial and broadcast growth.
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Women's football's summer of seven-figure transfers has raised a new question: what do these fees actually mean, and what would they look like in the men's market? SportsBoom crunches the numbers.
A summer that rewrote the record books
Five years ago, a single women's transfer breaking the million-euro mark would have seemed fanciful.
This summer, it has become almost routine. Brazil forward Kerolin left Manchester City for Barcelona in a deal reported at up to €1.5 million (£1.28m), the biggest sale in Women's Super League history.[1][2]
Days later, Swedish teenager Felicia Schröder joined her in the Spanish capital at Real Madrid for a similarly reported €1.5 million (£1.294m) from BK Häcken, while Manchester United forward Melvine Malard completed a WSL-to-WSL switch to Chelsea for a fee north of £850,000.
None of those deals, however, has troubled the record set by France midfielder Grace Geyoro, whose move from Paris Saint-Germain to London City Lionesses in September 2025 remains the most expensive transfer in the history of women's football at £1.43 million (€1.65m).
It was actually Naomi Girma, not Geyoro, who broke the symbolic million mark first, her January 2025 move from San Diego Wave to Chelsea was the first women's transfer to cross $1 million.
Since then, a further eight players have gone past the same threshold, with Geyoro's fee still standing more than a year on as the marker every subsequent deal is measured against.
Translating the fees into the men's game
The obvious next question for a betting and sports finance audience is what these numbers would mean if the players in question were men.
There is no exact science to this, women's and men's football operate as almost entirely separate markets, and a straight currency comparison tells you little beyond the fact that the women's game is still catching up.
Instead, SportsBoom has scaled each fee using the revenue gap between the two English top flights.
Deloitte's Annual Review of Football Finance puts WSL clubs' aggregate revenue at £90m for 2024/25, against combined Premier League club revenue of £6.3bn in 2023/24, a gap of roughly 70 times.[3][4]
Applying that multiple to each women's transfer fee gives a rough sense of what an equivalent deal would look like if negotiated inside the Premier League's financial ecosystem, rather than a literal prediction of what any specific player would fetch.
How we calculated it: Equivalent fee = actual transfer fee × 70 (the ratio of aggregate Premier League club revenue to aggregate WSL club revenue, per Deloitte's 2024/25 figures). This is a revenue-scaled illustration, not a market valuation. Actual fees are shaped by many other factors, including player age, position and release clauses.
The comparison is a useful gut check. On this model, Geyoro's world-record women's fee lands in almost exactly the same bracket as Tottenham's £100m deal for Sandro Tonali this summer, or a shade under Real Madrid's £107m swoop for Yan Diomande.
Kerolin and Schröder's fees sit close to what Manchester City accepted for winger Sávio.
Even Naomi Girma's fee, which broke a psychological barrier rather than a financial record, scales up to roughly the £65m Manchester United paid for Carlos Baleba.
None of these fees, it's worth restating, come close to the actual world transfer record in men's football, which remains Neymar's €222m move from Barcelona to Paris Saint-Germain in 2017, a fee that would translate to somewhere in the region of £2m if the ratio were run in reverse.
Broadcast growth: WSL v Premier League
The transfer market is only one measure of the women's game's financial rise. Broadcast numbers tell a more complicated, if broadly positive, story.
WSL clubs' aggregate revenue has grown sharply in recent seasons: £48m in 2022/23, up 34% to £65m in 2023/24, then up a further 39% to £90m in 2024/25, with Deloitte forecasting the league will break £100m in 2025/26.[5][6]
Viewership growth has not moved in a straight line, however.
Sky Sports' most recent WSL/Premier League deal reported WSL viewing up 16% year-on-year for 2025/26, solid growth, but well behind the 25% rise recorded for Premier League coverage on the same platform over the same period.
That followed a rockier 2024/25 season in which BARB's linear TV data showed average WSL match audiences on Sky actually fell 35%, from 261,000 to 169,000, and WSL attendances dropped 10% to an average of 6,661 per game.
Men's Premier League audiences fell too that season, by 9%, so some of the dip reflects a broader shift in how fans consume football rather than anything specific to the women's game. But it is a reminder that growth in commercial revenue and growth in match-day viewing figures are not always the same trend.

Louis Hobbs is the Sports Editor at SportsBoom, overseeing daily coverage across a wide range of sports while shaping the site’s editorial direction and breaking news agenda.
When he’s not editing the website from home or SportsBoom’s London office, Louis can usually be found in the darts or snooker press room. He has covered both sports extensively for SportsBoom, reporting live from venues for over three years and building strong relationships across the professional circuits.
With a background in interviews, exclusives and live event reporting, Louis combines on-the-ground insight with sharp editorial judgement to ensure SportsBoom delivers authoritative, engaging and timely sports journalism.
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References
- 1.Wikipedia - List of most expensive women's association football transfers
- 2.ESPN - Barcelona complete the signing of Kerolin in club-record deal
- 3.Deloitte - Annual Review of Football Finance: Women's Super League
- 4.Deloitte - Annual Review of Football Finance: Premier League clubs
- 5.Advanced Television - Sky Sports: Premier League viewing up 25% YoY
- 6.WSL Analytics - 35% TV Drop, 39M YouTube Views: WSL's Digital Transformation