football transfer review 2014 by prime time sport eng
TRANSCRIPT
1
Madrid-Spain,
September 5th 2013-
2
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
3
About Football Transfer Review
Content
Mission
Football Transfer Review by Prime Time Sport provides
relevant data and insightful and independent analysis on the
variables that influence squad designs and player transfers at
main European Clubs, with special focus on Spanish La Liga
• 2 releases published every year, related to Summer and
Winter transfer windows
• Combines content produced by Prime Time Sport and
content from other relevant football industry studies
• The objective is to combine the available data in a way that
helps to come-up with insightful analysis, rather than the
publication of the information itself
• Addressed to both football industry professionals and those
that follow it with special interest
4
Technical sheet
Team
Specifications
• Data included refer to main division of Spanish La Liga and the other top 4 European
leagues (English Premier League, Italian Serie A, German Bundesliga and French Ligue 1)
• Transfer figures include guaranteed amounts only
• It includes player transfers that took place until September 2nd 2013
• Player loans with purchase obligation are accounted as a transfer at the time of effective
player exit (examples: Ibrahimovic to AC Milan in 2010/11; Pedro León to Getafe in
2011/12)
• Transfer figures are gross of agent fees or revenue share with other stakeholders
• It is considered that teams where players are landing have paid for transfer fees, regardless
of the participation of other investors
• Transfer fees paid on managers have not been taken into consideration (Carlo Ancelotti to
Real Madrid)
• Squads review includes only players registered as first team members
• Sign-up means new player arrivals (not total number of registered players) and Exit means
players leaving a team (either on loan or because of contract expiration)
• Director: Bruno Batlle
• Analyst: Aleix Piqué
• Collaborates: ESADE Business School
5
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
6
1. Background
2. European football
3. La Liga
Summer transfers window 2013/14
7
Background
Europe
• Implementation of UEFA Financial Fair Play (FFP) regulation continues and
is taken into account both by big and smaller teams. FFP will not allow to
participate in European competitions the teams with more than 45mio€ of
accumulated losses during 3 seasons until 2014/15.
• Appearance of a new heavy spending teams (Monaco) along with loss of
spending power of others (Anzhi).
• New 2014/16 TV deals in the Premier League and 2013/15 in UEFA
Champions League has increased prizes for participating teams by 57%
and 20% respectively
• Majority of teams (with exception of big 2) have little chance of further
increasing revenues under current financial climate
• As a result, income opportunities are almost restricted to selling the best
players and continue to fight for the implementation of a new TV value
distribution model.
• Spanish Professional League (LFP) is closely monitoring clubs finances
and must approve business plans.
• Most clubs have agreed long term debt payment plans with Tax office,
which severely impacts their ability to splash cash
Spain
8
1. Background
2. European football
3. La Liga
Summer transfers window 2013/14
9
Player acquisition spending- top 5 European
leagues
Mio€
1.713 1.855
1.322
1.723 1.544
2.154
2008/09 2009/10 2010/11 2011/12 2012/13 2013/14
+40%
Top 5 European Leagues combined investment grew by 40% to 2,2bio€,
highest amount ever, despite Financial Fair Play and economy downturn
10
Player acquisition spending- top 5 European
leagues
510
400
470
245 230
435
327
262
140 157
553
465
360
194 151
617
335
128
226 238
731
402 388 375
258
2009/10 2010/11 2011/12 2012/13 2013/14Mio€ +18%
+303% +66%
All big European leagues have experimented significant expenditure growth, with Premier League,
Ligue 1 and Bundesliga reaching highest levels ever. Premier League has been the market driving
force thanks to fresh an increased money from new TV contracts.
La Liga experimented the highest growth led by Gareth Bale signing by Real Madrid
+20%
+8%
11
% of total investment by top 4 in each league
Mio€
89,3%
79,5%
63,6% 55,5%
49,7%
Real Madrid (47,3%)
FC Barcelona
Sevilla FC
At.Madrid
SSC Napoli
AS Roma
Fiorentina
Juventus
B. Munich
B. Dormund
Wolfsburg
Shalke 04
AS Monaco (44,3%)
PSG
O.Marsella
Saint-Etiene
Investment stays monopolized by few teams with high revenue generation potential,
wealthy owners or significant income from sales of best players
Tottenham
Man.City
Chelsea
Liverpool
12
5 year accumulated investment
top 5 leagues
Mio€ 2.846
1.929
1.608
1.180 1.034
* Winter window transfers not included
13
Player sales- Top 5 European leagues
Mio€
1.060
1.344 1.146
1.579
2010/11 2011/12 2012/13 2013/14
+38%
Total income from players sales recuperates growth trend to 1,6bio€ (+38%)
and reaches the highest level since 2010/11 season
14
Player sales- Top 5 European leagues
€Mio
287 269
187 176
141
290
438
336
152 128
183
365
299
164 135
480
410
261 228
200
2010/11
2010/12
2012/13
2013/14
La Liga makes close to half billion € in player sales, its highest level ever and highest amount in
Europe. All European leagues -except English Premier League-
experimented increased income from player sales
+262%
-13%
+39%
+12%
+48%
15
€Mio
248
-36
16 58
-24
217
42 23 27
70
318
62 103
-30 -55
470
147
58
-8
-92
2010/11
2011/12
2012/13
2013/14
Net spending- Top 5 European leagues
Premier League dominance becomes even stronger when deducting income from player sales,
with a net investment still of 470mio€. On the other extreme, Spain continues to lose talent
and experiments a negative net investment of 92mio€.
16
# of player signings- Top 5 European leagues
Nº. of players
307
97 120 95 101
59
58 23 35 19
Loans
Signings
366
155 143
130 120
One more year, Serie A shows the highest number of player arrivals
17
# of player exits- Top 5 European leagues
Nº of players
251 158 155 140 127
356
100 50 56 41
Loans
Transfers
607
258 205 196 168
# of exits confirms Serie A as the league with highest players circulation.
More than half of exits (52%) have been in loan format
18
Nº.of players
-285
-75 -94
-54 -38
-250
-115
-54 -56 -59
-247
-113
-56 -54 -55
-242
-115
-66 -50 -48
2010/11 2011/12 2012/13 2013/14
Net # signings vs exits- Top 5 European leagues
For the 4th consecutive season all leagues have experimented a net players reduction as
teams continue to optimize squad wages costs
19
183 166
122 111 107 87 78 67 67 66
Real Madrid AS Monaco Tottenham PSG Man. City Napoli Chelsea DinamoMoscú
ShakhtarDonetsk
AS Roma
Mio€
Real Madrid is back to top spending position 2 years later after by investing 183mio€ (101 in Gareth
Bale). Under new Russian ownership, AS Monaco reaches 2nd position by spending 166mio€.
Tottenham takes advantage of Bale sale to join top 3. Top 8 of clubs represents 60% of total
investment of European football
Top 10 spending ranking
20
Mio€
147
100 95
70 65 65 64 52
43 43
PSG Chelsea Zenit B. Munich Tottenham M. United M. City Juventus Arsenal Inter
Top 10 spending ranking 2012/13
21
55
87 93 86
44 60 62 57
86
33 23
30
147
64
100
70
33 43
65 52
43
24
183
111 107
78 62 57 50
34 32 29 26
2011/12
2012/13
2013/14
Mio€
Top European teams spending ranking
Real Madrid lead the spending ranking after 2 years of low investment.
PSG stays in the podium after another year of high expenditure to confirm its ambitious project.
Real Madrid (+600%) , FC Barcelona (+212) and Man. City (+67%) have spent more after 3 years
in a row decreasing its expenditure
22
Top 5 spending clubs in each league
Tottenham 121,8
Manchester City 106,5
Chelsea 77,8
Liverpool 56,0
Arsenal 45,0
Real Madrid 182,5
FC Barcelona 57,0
Sevilla FC 33,9
At. Madrid 33,0
Villarreal CF 16,0
SSC Napoli 86,9
AS Roma 66,2
AC Fiorentina 38,3
Juventus 32,1
Inter 28,8
Bayern Munich 62,0
Borussia Dormund 50,0
VfL Wolfsburgo 26,7
Shalke 04 25,0
Bayern Leverkusen 21,4
AS Mónaco 166,2
PSG 110,9
O. Marsella 41,7
Saint-Etienne 15,5
Toulouse 8,6
Mio€
23
611
549
370 348 331
274 227 227
197 191
141
Accumulated 5 year spending of top teams
Mio€
Real Madrid (611mio€) is the team with the highest combined expenditure
in the last 5 years, followed by Manchester City (549mio€) and PSG (370)
* Winter window transfers not included
24
Mio€
140 128
105 104
82 78 74 71 68
45
Anzhi Tottenham Roma R.Madrid Sevilla At.Madrid Porto Napoli Shakhtar Lille
Top 10 teams in player sales income
Anzhi is the European leader in player sales income after reduced ownership commitment.
Tottenham (128mio€) reaches 2nd position thanks to Gareth Bale sale to Real Madrid.
25
Mio€
Top 10 teams in player sales income 2012/13
81 71 69 67
56
41 40 40 39 39
Porto Benfica AC Milan Tottenham Arsenal Genoa At. Bilbao Lille Villarreal RealMadrid
26
17 5 12
3
24 18
70
23 33 25
11
39
0 17
3 0
69 56
24 35
10 11
104
41 37 29 28
16 12 9 7 3 0
2011/12
2012/13
2013/14
Mio€
Top European teams player sales ranking
Real Madrid is the team with highest income from player sales among the top ones.
Bayern Munich, Juventus and PSG get important revenues from sales after 2 years
of failing to reach high figures
27
Tottenham 127,7
Everton 39,4
Liverpool 30,8
Sunderland 22,2
Arsenal 11,6
Real Madrid 103,5
Sevilla FC 81,9
Atlético Madrid 78,0
Valencia CF 41,7
Real Sociedad 39,0
AS Roma 91,9
SSC Napoli 70,7
AC Fiorentina 40,0
Juventus 36,7
Udinese 26,2
Borussia Dormund 44,1
Bayern Munich 41,0
Bayern Leverkusen 34,7
Werder Bremen 12,9
Mainz 05 11,3
Lille OSC 45,0
PSG 28,5
O. Lyon 24,5
Saint-Etienne 23,0
Toulouse 12,7
Mio€
Top European teams player sales ranking
28
260
212 200 193
143 142
116 114
81
58
36
Accumulated 5 year player sales of top teams
Mio€
* Winter window transfers not included
Real Madrid gets confirmed as the most active team in the market having also the highest
accumulated sales in the last 5 years.
Inter Milan and AC Milan follow in 2nd and 3rd position
29
Top European teams net investment ranking
Mio€
70 84
38 61
-8
46 36
0
39 5
44 40
144
-9
90
-13
54 33
8
70
-45
36
98 82 79 75
38 34 29 22 21 10
-5
2011/12
2012/13
2013/14
Manchester City is the team with highest net investment this season.
PSG keeps signing players without selling much for the 3rd year in a row and gets 2nd position.
Juventus doesn’t invest the income from player sales and is the only top team with mores sales
than spending in players
30
Accumulated 5 year net investment of top teams
Mio€
435 351 333
274 192 161 146
84
-2 -16 -59
* Winter window deals not included
31
European club ranking in # of signings
Players 84
26 24 23 20 17 17 17 17 15
Parma Genoa ChievoVerona
HellasVerona
Sassuolo Livorno Inter Milan Udinese Monaco Roma
Italian teams top ranking of number of player arrivals and exits
32
European club ranking in # of exits
Players
120
44 37 35 33 32 30 28 28 28
Parma Genoa Udinese Milan Juventus ChievoVerona
Bologna Roma Inter Milan Napoli
33
Top 10 most expensive players 2013/14
€Mio
101
65 60 57 45 45 40 39 38 37
Bale Cavani Falcao Neymar Özil James Fernandinho Illarramendi Willian Higuaín
Bale signing is the most expensive of the summer and in football history.
The average cost of signings in the top 10 (53,1mio€) is 41% higher than last season
Gotze
34
Top 10 most expensive players 2012/13
€Mio
55
42 40 40 40 40
32 31 30 26
Hulk Thiago Silva Javi Martínez Witsel Lucas Hazard Oscar Van Persie Modric Lavezzi
* Winter window transfers not included
35
Average value Top 10 European signings
last 5 years
44
26
32
38
53
2009/10 2010/11 2011/12 2012/13 2013/14
Average value of top 10 signings in 2012/13 is 53mio€, setting a new record
Mio€
36
Top 5 most expensive players in each league
Özil 45
Fernandinho 40
Willian 38
Fellaini 32
Soldado/Lamela 30
Bale 101
Neymar 57
Illarramendi 39
Isco 30
Guilagovi 10
Higuaín 37
Strootman 17
Mario Gómez 16
Benatia 14
Ogbonna 13
Götze 37
Mkhitaryan 28
Thiago 25
Luiz Gustavo 18
Aubameyang 13
Cavani 65
Falcao 60
James 45
Marquinhos 31
Moutinho 25
Mio€
37
Ranking most expensive transfers ever
101 94
72 66 65 65 60 60 59 57
Bale C.Ronaldo Zidane Ibrahimovic Kaka Cavani Figo Falcao F.Torres Neymar
€Mio
Half of the top 10 most expensive transfers ever have been made by Real Madrid.
Also 4 of the top 10 transfers took place this summer (Bale, Cavani,
Falcao and Neymar)
38
Usage top 10 European signings 2012/13
91%
77% 67% 64% 61% 58% 56% 54% 53%
21%
Van Persie Hazard Oscar Modric Lavezzi JaviMartínez
ThiagoSilva
Witsel Hulk Lucas
% Minutes
Van Persie is the most profitable signing (number of minutes).
Chelsea’s signings (Hazard and Oscar) are both at the top of the list
*Winter window transfers not included. Calculated on domestic league minutes
**Was transferred in summer but incorporated to the team in winter
**
39
1. Background
2. European football
3. La Liga
Summer transfers window 2013/14
40
Total player acquisition spending- La Liga
Mio€
270
470
262
360
128
388
2008/09 2009/10 2010/11 2011/12 2012/13 2013/14
+303%
La Liga has tripled investment in new players to almost 400mio€,
2nd largest ever, as a result of reinvestment of income from sales
and extraordinary signing of Gareth Bale by Real Madrid
41
Player acquisition spending- La Liga
Mio€
470
94
262
111
360
245
128
65
388
148
Total Liga Liga excl. FCB & RM
2009/10
2010/11
2011/12
2012/13
2013/14
Signings by Barça and Real Madrid accounted for 62% of La Liga total
(49% in 12/13, 32% in 11/12, 57% in 10/11, 80% in 09/10)
42
New players investment R. Madrid vs
FC Barcelona
Mio€ 265
112
78 73 55 60
30 33
183
57
2009/10
2010/11
2011/12
2012/13
2013/14
Both Real Madrid and Barça recuperate growth trend after 3 consecutive years
of decline. Season 2009/10 expenditure by Real Madrid is still its highest ever
43
New players spending by team
Mio€
55 60
11
71
22 32
7 2 3
58
8 8 1
30 33
13 1 3
23
6 3 2 4 2 6 1
183
57
34 33
16 15 14 6 5 5 3 3 3 1 1 1
2011/12
2012/13
2013/14
Sevilla and Atlético Madrid follow the 2 giants by partially reinvesting income
from players sales. 4 teams did not spend any money and 10 spent 3mio€ or less
44
Top 10 on 5 year accumulated investment
Mio€
* Winter window transfers not included
Real Madrid accounts for 38% of total La Liga players investment
of the last 5 years and has spent 82% more than FC Barcelona
611
335
136 103 96 79 57 30 26 19
Real Madrid FC Barcelona At.Madrid Valencia Sevilla Málaga Villarreal At.Bilbao Getafe Granada
45
€Mio
Top 10 most expensive players 2013/14
Bale and Neymar signings joined top 10 of most expensive signings ever. 5 of top 10
signings in Spain were made by Real Madrid or FC Barcelona (vs 3 at previous season)
101
57
39 30
10 8 8 8 7 7
Bale Neymar Illarramendi Isco Guilavogui Beñat Pabón Gameiro Bacca Alderweireld
Baptistao
46
Top 10 most expensive players 2012/13
€Mio
30
19
14
8 6 5 4 4 4 4
Modric Song Jordi Alba Canales Cissokho El Arabi Kondogbia Vela Pereira GagoD.López
47
Total value of player sales- La Liga
Mio€
245 286 290
183
480
2009/10 2010/11 2011/12 2012/13 2013/14
Spanish La Liga sold players for 480mio€ at 13/14 summer
transfer window, the highest amount in European history
48
Player sales by team
Mio€
17 14
85
39
24 18 20
5 2 8
39
18
30
1
29
1 6 3 4 5 2
40
104
82 78
42 39 37
28
13 12 9 8 7 6 6 4 4 1 1
2011/12
2012/13
2013/14
Real Madrid is also the most active team in player sales by releasing Ozil, Higuain, Albiol and
Callejón. FC Barcelona is only 7th (Thiago, Villa & Fontás). Sevilla, Atlético Madrid and Valencia,
forced to sell their best players
49
Top 10 on 5 year accumulated player sales
Mio€
Financial constraints and availability of top players have put At. Madrid and Valencia very close to
Real Madrid over a 5 year period. FC Barcelona traditionally more reluctant to sell its best players
* Winter window transfers not included
260
220 215
145 122
93 67 65 55
40
Real Madrid At.Madrid Valencia FC Barcelona Sevilla Villarreal Málaga Getafe Espanyol At.Bilbao
50
Sales abroad of national players
Mio€
57 47
17
74 79
115
139
2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14
Spanish players exports grew for 4th consecutive seasons to 139,
the highest number ever
*Includes transfers of Liga BBVA and Liga Adelante
51
Total net spending- La Liga
€Mio
225
-24
70
-55 -92
2009/10 2010/11 2011/12 2012/13 2013/14
The highest ever sales at La Liga resulted in a negative net investment of 92mio€,
also the highest ever. La Liga moving from “buying” into “selling” type of league
52
Net players spending by team
€Mio
79,0
28,9
15,3 10,0
2,8 0,2 0,0
-0,9 -1,0 -3,0 -4,0 -6,1 -7,0 -11,7 -12,8
-27,3 -33,5 -36,0
-45,0 -48,0
Real Madrid and FC Barcelona clearly lead net investment ranking. 13 of 20 teams had higher
sales than investment. Most teams did not reinvest their significant income from players sales
53
Net players spending by team 2012/13
€Mio
33,0
12,5
4,5 3,8 3,3 3,0 2,2 1,5 1,0 0,0
-2,6 -3,6 -3,8 -4,7 -5,3 -6,8 -8,5
-17,0
-29,3
-37,5
54
# of signings- La Liga
Nº of players
95
53 34
58
31
28 36
37
58
37
58
63
39
2009/10 2010/11 2011/12 2012/13 2013/14
Loans
Signings
126 122
57
147
Signings 0€ 134
The number of new players is the highest of last 5 years. As usual,
there is a significant presence of loans and signings at 0 cost
* Data of free signings at season 2009/10 not available
155
55
# of exits- La Liga
Nº of players
133 126 146 133
155
46 50
58 55
51
2009/10 2010/11 2011/12 2012/13 2013/14
Loans
Signings
176
204
179 188
The number of exits is the highest in recent years.
In average, every team released 10 players
205
56
Net # of signings vs exits- La Liga
Nº of players
-53 -54 -57
-54 -50
2009/10 2010/11 2011/12 2012/13 2013/14
For the 5th consecutive season, La Liga teams took advantage
of the transfer window to reduce the number of players in the pay roll
57
# of signings by team
Nº of players
14
10
0
9
11
0
13
9
8 8
13
6
1
5
2 2
6
12 12
0
8
12
0 0
4 4
7 7 7
6 6 6
3
2
4
2
14
13 13 13
12
9
8 8 8 8
7 7
6
5 5 5 5 5
3
1
2011/12
2012/13
2013/14
Sevilla has made the biggest squad turnaround of La Liga, with 14 new players and 19 exits.
Granada and Rayo Vallecano traditionally among the most active teams.
FC Barcelona repeats as team with lowest number of new players
*does not include registration in first squad of home grown players
58
# of signings by team and category
9
2
0 1
3
1 0
5 6
5
1
4 3 3
2 3
4 5
1 1
5
5
5
7 2
1 4
1 0
1
1
1 2
0
0
1
0
6
8
5
7
7 4
2 2 2
1 0 0
2 2 1
0
Signings 0€
Loans
Signings
Nº of players
59
Nº of players
14 14 15
10 10
14
10
7
9 10
9
12
14
8
6
22
11 10
6
12
10 10 10
8 9 9
11 12
5
3
14
5
22
19
14 13
11 11 11 11 11 10 10
9 8 8
7 7 7 6
5 4
2011/12
2012/13
2013/14
13 teams have released 9 players or more. Granada leads releases ranking again (22).
Real Sociedad only saw 4 players leaving the club
# of exits by team
60
Net # of signings vs exits
Nº. of players
3
2 2 2
1
-1 -1 -1 -1
-3 -3 -3 -3
-4 -4
-5 -5
-6 -6
-9
Granada repeats has the team with highest reduction of players in the squad.
The majority of teams (15 out of 20) have now less players in the pay roll
61
Continuity of signings of last season
100% 100%
71%66% 66%
62% 60% 60%55%
50%
42% 40% 40%33% 33%
2/2 2/2
2/3 3/5
8/13 3/5
5/9
5/12 2/5
2/3 5/7
2/5 2/6 1/3
3/6
FC Barcelona and Real Madrid, with lower number of signings,
are the only teams keeping all signings from previous season
*Includes transfers made at winter window
62
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
63
% of non national players by league
63,2%
44,9%
49,7%
40,3% 37,9%
63,3%
47,3% 48,6%
39,4% 38,8%
64,0%
52,2% 49,2%
41,1% 36,7%
69,6%
54,4%
45,8% 45,1% 40,2%
2010/11
2011/12
2012/13
2013/14
Non-national players
La Liga is still the league that has the highest % of national players.
English Premier League the lowest
64
Age
Average age of players in squad
28,5 28,428,1 27,9 27,7
26,7 26,7 26,7 26,6 26,526,2 26,0 25,9 25,8 25,7 25,7 25,6 25,5 25,4 25,4
65
17 17
14
1110
8 87
65 5
43
2 2 21 1 1
0
Players
Home grown players by squad
* Players having participated in any youth teams of the club, including reserves (B teams)
66
Average stability of squad- Top 10
3,8
3,1 3,2
2,4
1,7
1,2 1,1
1,3
3,7 3,5
3,3
3,0
1,7
1,3 1,5
1,7 1,6 1,6
4,3 4,2
2,8 2,7
2,3 2,3
2,0 1,7 1,7 1,7
FC Barcelona R.Sociedad At.Bilbao Real Madrid Osasuna Espanyol R.Valladolid Celta Málaga Getafe
2011/12
2012/13
2013/14
Barça repeats as the team with most stable squad
Years*
* Average time of stay in the club
67
Average stability of squad- Bottom 10
Years*
1,2
1,6
0,8
2,0
1,0 1,0 1,0 1,1
1,8
1,3
2,0
1,2 1,1
0,8
1,43 1,41 1,4
1,2 1,18 1,1
0,91 0,88 0,87 0,75
At.Madrid Villarreal Valencia Granada Almería Sevilla Elche Betis Levante Rayo
2011/12
2012/13
2013/14
* Average time of stay in the club
68
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
69
Players movement
2012/13 2013/14 2012/13 2013/14
Revenues* (mio€) 470 N/A 517 N/A
Profit/Loss* (mio€) 35,9 N/A 32,4 N/A
Signings investment (mio€) 33 57 30 183
Player sales (mio€) 0 28 39 104
Net signings investment
(mio€) 33 42 -8,5 79
# of signings 2 1 2 5
# of exits 3 7 9 8
Average cost per new player 17 57 15 37
Continuity players signed
last season 2/2 2/2 4/5 2/2
Most expensive signing
(mio€) Song (19) Neymar (57) Modric (30) Bale (101)
* Forecast Real Madrid 2012/13 y FC Barcelona 2012/13
70
Players movement- accumulated 5 years
2009/14 2009/14
Signings investment (mio€) 335 611
Player sales (mio€) 143 260
Net signings investment (mio€) 192 345
Most expensive signing (mio€) Ibrahimovic (66) Bale (101)
Most important sale (mio€) Touré (30) Ozil (45)
* Seasons 2009/10, 2010/11, 2011/12, 2012/13 y 2013/14
71
2013/14 2013/14
Nº players in First team 25 23
Average age 26,7 25,7
Average stability of squad
(Average time of stay in the
club) 4,3 2,7
% Foreign players 36% 48%
Nº Nationalities 6 7
Home grown players by squad 17 8
New home grown players by
squad 2 4
U21 Players 2 6
Squad review
72
# of signings- La Liga
2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 20010/11 2011/12 2012/13 2013/14
Van
Bronckhorst
Larsson
Sylvinho
Belletti
Edmilson
Giuly
Deco
Eto’o
Van
Bommel
Ezquerro
Thuram
Gudjohnsen
Zambrotta
Y.Touré
Abidal
Milito
Henry
Pinto
Piqué
Henrique
Keita
Cáceres
Hleb
D.Alves
Maxwell
Keirrison
Chygrynskiy
Ibrahimovic
Adriano
Mascherano
Villa
A.Sánchez
Cesc
J.Alba
Song
Neymar
73
8,8
1,5
7,0
2,2
9,5
0,0 0,0
20,8
0,0
26,0
Homegrown player sales FC Barcelona 2004-2014
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Luis García
(8,75)
Sergio Garcia
(1,5) Gabri (0) Motta (2)
G. dos
Santos (6) Jorquera (0)
V.Sánchez
(0)
Thiago
(25)
Santamaría
(0) Ros (0) Damià (1) ToniCalvo (0,2) Oleguer (3) O.Romeu(5) Fontàs (1)
Tortolero (0) Fernando
Navarro (6) Crosas (0,5) Jeffren (3.75)
Bojan (12)
Mio€
74
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
75
Top 5 European Leagues combined investment grew by 40% to 2,2bio€, highest amount
ever, despite Financial Fair Play and economy downturn.
All big European leagues have experimented significant expenditure growth, with Premier
League, Ligue 1 and Bundesliga reaching highest levels ever. Premier League has been
the market driving force with 731mio€ expenditure, thanks to fresh an increased money
from new TV contracts. La Liga experimented the highest growth led by Gareth Bale
signing by Real Madrid.
Investment stays monopolized by few teams with high revenue generation potential,
wealthy owners or significant income from sales of best players. Top 8 spending teams
accounted for 60% of total investment in Europe.
Total income from players sales recuperates growth trend to 1,6bio€ (+38%) and reaches
the highest level since 2010/11 season. Player sales, along with increased money from
new TV contracts in England and higher prizes for Champions League participation have
helped to finance investment in new players acquisition
Conclusions FTR 2014- summer (1 of 5)
76
La Liga made close to half billion€ in player sales at summer transfer window, the highest
amount ever in football history globally, confirming Spain as the upcoming power in talent
production and development. All European leagues -except English Premier League-
experimented increased income from player sales.
Premier League dominance becomes even stronger when deducting income from player
sales, with a net investment still of 470mio€. On the other extreme, Spain continues to
lose talent and experiments a negative net investment of 92mio€. Therefore, for 2
seasons in a row, income from sales was higher than investment in new players
Italian Serie A is once again the most active in terms of new player arrivals (366), more than
doubling Spanish La Liga which is second with 156 new players. Loans and free signings
continue to be a very popular signing format and for 4 seasons in a row all leagues
experimented more player exits than arrivals
In terms of clubs, Real Madrid is back to top spending position 2 years later after by investing
183mio€ (101 in Gareth Bale). Under new Russian ownership, AS Monaco reaches 2nd position
by spending 166mio€. Tottenham takes advantage of Bale sale to join top 3.
Conclusions FTR 2014- summer (2 of 5)
77
Anzhi from Russia is the European leader in player sales income after reduced ownership
commitment. Tottenham (128mio€) reaches 2nd position thanks to Gareth Bale sale to
Real Madrid. 3 La Liga teams (Real Madrid, Sevilla and Atlético Madrid) among top 10
teams in player sales.
Real Madrid is the undisputed driving force in the European transfers market of the last 5
years, as it made both the highest accumulated expenditure (611mio€) and the highest
income in player sales (260mio€). Manchester City made the most significant net
investment (acquisition costs minus sales) with 435mio€ in 5 years.
Bale signing (101mio€) is the most expensive of the summer and in football history. The
average cost of signings in the European top 10 (53,1mio€) is 41% higher than last
season. Real Madrid has made 5 of 10 most expensive signings in European history. 4
signings of this summer have joined historical top 10.
Conclusions FTR 2014- summer (3 of 5)
78
La Liga has tripled investment in new players at summer transfer window to almost
400mio€, 2nd largest ever, as a result of reinvestment of income from player sales and
extraordinary signing of Gareth Bale by Real Madrid
Combined signings by Real Madrid (183mio€) and FC Barcelona (57mio€) continue to
concentrate most of the value, accounting for 62% of La Liga total (49% in 12/13, 32% in
11/12, 57% in 10/11. Both Real Madrid and Barça recuperate investment growth trend after
3 consecutive years of decline. Real Madrid accounts for 38% of total La Liga players
investment (610mio€) of the last 5 years and has spent 75% more than FC Barcelona
(348mio€) in that period.
Sevilla and Atlético Madrid follow the 2 giants by partially reinvesting income from players
sales, spending 34mio€ and 33mio€ respectively. 4 La Liga teams did not spend any money
and 9 spent 3mio€ or less
Real Madrid (104mio€), Sevilla (82mio€) and Atlético Madrid (78mio€) are in top 3 positions
of La Liga in terms of player sales income. FC Barcelona, having sold Thiago, Villa and
Fontás is only 7th in the ranking. Real Madrid also leads sales of the last 5 years with
263mio€ income, followed by Atlético Madrid (220mio€) and Valencia (215mio€). During the
last 5 years, Real Madrid has cashed-in 81% more than FC Barcelona in player sales
income.
Conclusions FTR 2014- summer (4 of 5)
79
Spanish players exports grew for 4th consecutive season to 139, the highest number ever
(17 in season 2009/10).
The highest ever sales at La Liga (480mio€) resulted in a negative net investment of
87mio€, also the highest ever. La Liga moving from “buying” into “selling” type of league
and experimenting difficulties to keep the talent at home (except for Real Madrid and FC
Barcelona). 13 out of 20 La Liga teams saw their income on player sales beat the
investment in signings
Sevilla has made the biggest squad turnaround of La Liga, with 14 new players and 19
exits. Granada and Rayo Vallecano traditionally among the most active teams. FC
Barcelona repeats as team with lowest number of new players (just Neymar)
Spanish La Liga has the lowest proportion of foreign players (40,2%) among top
European leagues
FC Barcelona has the highest number of home grown players, along with Athletic Bilbao
(17) and the most stable squad (4,3 years stay per player in average)
Conclusions FTR 2014- summer (5 of 5)
80
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
81
Revenue trend top European leagues
Mio€
Source Deloitte Annual Review of Football Finance, June 2013
Big five leagues have experimented revenue growth for the 4th consecutive year, except Ligue1 in
2010/11. Revenue ranking remains unchanged and clearly led by Premier League, followed by
Bundesliga and La Liga.
2.326
1.575 1.501 1.494
1.048
2.479
1.664 1.622 1.532
1.072
2.500
1.746 1.718 1.553
1.040
2.917
1.872 1.765
1.570
1.136
2008/09 2009/10 2010/11 2011/12
82
Club European ranking by revenues
Mio€
Source: Deloitte Football Money League 2013
While we wait for all teams publishing their 2012/13 results, season 2011/12 saw the same teams in
top 6 positions in a ranking lead once again by Real Madrid followed by FC Barcelona
401
366
327
290
245
263
102
197 203 197
439
398
350
323
259 274
153
244
205 225
480
451
367
321
253 251
170
235
154
211
513
483
396 368
323
290 286
257
195 186
Real Madrid FCBarcelona Man.United B.Munich Chelsea Arsenal Man.City AC Milan Juventus Inter
2008/09 2009/10 2010/11 2011/12
83
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
84
Arrivals & exits La Liga 2013/2014
Equipo Altas €Mio Bajas €Mio
Neymar
Total
57
-57
Fontàs
Abidal
David Villa
Deulofeu
Thiago
Rafinha
Total
1
0
2,1
Ced
25
Ced
28,1
Carvajal
Casemiro
Isco
Illarramendi
Bale
Total
6,5
6
30
39
101
182,5
Carvalho
Callejón
R.Albiol
Higuaín
Kaká
Cheryshev
Adán
Özil
Total
0
9,5
12
37
0
Ced
0
45
103,5
Nelson Valdez
Javi Fuego
Míchel
Oriol Romeu
Hélder Postiga
Dorlan Pabón
Total
3
0
0,4
Ced
3
8
14,4
Tino Costa
Nelson Valdez
Gago
Soldado
Cissokho
Total
7
3
1,7
30
Ced
41,7
Equipo Altas €Mio Bajas €Mio
José Giménez
Demichelis
Baptistao
David Villa
Roberto
Aranzubia
Alderwireld
Guilavogui
Total
0,9
0
7
2,1
6
0
7
10
33
Falcao
Silvio
Cisma
Rubén Micael
Joel
Rubén Pérez
Pulido
Cata Díaz
S.Asenjo
Pizzi
Roberto
Borja Bastón
Demichelis
Cabrera
Total
60
Ced
0
3
4
Ced
0
0
Ced
6
Ced
Ced
5
0
78
Fontàs
Charles
Nolito
Rafinha
Aurtenetxe
Total
1
1
2,6
Ced
Ced
4,6
Roberto Lago
Iago Aspas
Dani Abalo
Bustos
Jota
Insa
De Lucas
Total
0
8,2
0
Ced
Ced
0
0
8,2
85
Arrivals & exits La Liga 2013/2014
Equipo Altas €Mio Bajas €Mio
Chuli
Steinhöfer
Cedrick
Andersen
Reyes
Joan Verdú
Sara
Jordi Figueras
Dídac Vilà
Juanfran
Rennella
Xavi Torres
Total
0,8
0
0
0
0,9
0
Ced
0
Ced
0
0
2,8
4,5
Cañas
Adrián
Beñat
Pozuelo
Ezequiel
Mario
Agra
Ángel
Casto
Fabri
Rennella
Álex Martínez
J.Pereirea
Total
0
0
8
0,5
Ced
0
Ced
0
0
0
Ced
0
0
8,5
Raúl Baena
Nery Castillo
Mojica
Saúl Ñíguez
Rubén
Galeano
Larrivey
Alberto Bueno
Cueva
Zé Castro
Iago Falqué
S.Fernández
J.Viera
Total
0
0
Ced
Ced
0
0
0
0
Ced
0
Ced
0
Ced
0
Javi Fuego
Baptistao
Piti
A.Domíngez
Casado
Fiménez
Delibasic
Machado
Rafa García
Tamudo
Total
0
7
0
0
0
0
0
0
0
0
7
Equipo Altas €Mio Bajas €Mio
Beto
Rusescu
Pareja
Jairo
Marko Marin
Vitolo
Bacca
Carriço
Figueiras
Gameiro
Cristóforo
Iborra
Mbia
Cherysev
Total
2
2,5
Ced
2,5
Ced
3,2
7
Ced
1
7,5
2,3
6
Ced
Ced
33,9
Palop
Jesús Navas
Luna
Luis Alberto
Espinosa
Spahic
Del Moral
Ibusuki
Campaña
Negredo
Acosta
Botía
Alexis
Medel
Hervás
Babá
Guarente
Kondogbia
Total
0
17,5
2
8
0
0,4
Ced
0
2
19
0
Ced
0
13
Ced
Ced
0
20
81,9
Bergdich
Alcatraz
Deigo Mariño
Omar
Bermettler
Osorio
Rossi
Total
0,7
0
0
0
0
0
Ced
0,7
Balenziaga
Hernández
Alberto Bueno
Quique
Lázaro
Total
0,5
Ced
0
0
0
0,5
86
Arrivals & exits La Liga 2013/2014
Equipo Altas €Mio Bajas €Mio
Sérgio da Silva
David Barral
Xumeetra
El Adoua
Ivanschitz
Jvai jiménez
Gomis
Nong
Babá
Total
0
0
0
0
0
0
0
0,3
Ced
0,3
Míchel
Munúa
Barkero
Dudka
Iván López
Morales
Juanlu
Roger
Iborra
Total
0,4
0
0
0
Ced
Ced
0
Ced
6
6,4
Balenziaga
Etxeita
Beñat
Kike Sola
Mikel Rico
Total
0,5
0
8
4
2,8
15,3
F.Llorente
Amorebieta
Xabi Castillo
Igor Martínez
Raúl
Isma López
Zubiaurre
Iñigo
Ramalho
Aurtenetxe
Iñigo Pérez
Total
0
0
0
0
Ced
0
0
Ced
Ced
Ced
Ced
0
Equipo Altas €Mio Bajas €Mio
Roberto Lago
Escudero
Alexis
L.López
Total
0
0,5
0
Ced
0,5
Hugo Fraile
Mané
Barrada
Güiza
Arizmendi
Xavi Torres
Miguel Torres
Álex Pérez
Á.Vázquez
Total
0
0
10
0
0
2,8
0,5
Ced
Ced
13,3
Jordan Lotiès
Joan Oriol
De las Cuevas
Oriol Riera
Silva
Total
0
0
1,2
0,7
1,2
3,1
Kike Sola
Zabal
Timor
Nano
Annunziata
González
Rúper
Masoud
Total
4
0
Ced
0
0
0
0
0
4
87
Arrivals & exits La Liga 2013/2014
Equipo Altas €Mio Bajas €Mio
Tissone
Santa Cruz
Antunes
Ferreira
Anderson
Angeleri
Pawlowski
Chen
El Hamdaoui
Total
0
0
1,2
0,5
1
0,2
Ced
0,4
Ced
3,3
Saviola
Demichelis
Edinho
Iturra
Joaquín
Isco
Toulalan
Baptista
Rubén
Recio
S.Fernández
Total
0
0
0
0
1,8
30
5
0
0
Ced
0
36,8
Stevanovic
Gil
Sapunaru
Toño
Del Moral
Lombán
Cisma
Rubén Pérez
Botía
Carlos Sánchez
Javi Márquez
Boakye
Total
Ced
Ced
0
0
Ced
0,1
0
Ced
Ced
0
Ced
Ced
0,1
Montagud
Etxeita
Xumetra
Palanca
Linares
Pelayo
Verdés
Flaño
Rivas
Powel
Total
0
0
0
0
0
Ced
0
0
Ced
0
0
Equipo Altas €Mio Bajas €Mio
Lanzarote
David López
Fuentes
Abraham
Pizzi
Sidnei
Álex
Torje
Córdoba
Total
0
0,2
0
0
Ced
Cedd
0,5
Ced
Ced
0,7
Petrov
Joan Verdú
Baena
Amat
Forlín
Álvarez
C.Alfonso
C.Gómez
Wakaso
Albín
Luna
Total
0
0
0
2,9
3,5
0
Ced
Ced
6
0
0
12,4
Perbet
Pina
Jokic
Pantic
Gio Dos Santos
J.Pereira
S.Asenjo
Gabriel
Total
1,4
5
0
0,3
6
0
Ced
3,3
16
Zapata
Senna
Mellberg
Joan Oriol
Truyols
Javi Venta
Diego Mariño
Joselu
G.Bordas
Juanma
Camuñas
Total
6
0
0
0
0
0
0
0
0
0
0
6
88
Arrivals & exits La Liga 2013/2014
Equipo Altas €Mio Bajas €Mio
Gai Assulin
Brahimi
Iturra
Piti
Riki
Douglas
Belkalem
Coeff
Karnezis
Ighalo
Foulquier
Recio
Campos
Pereira
Widmer
Total
0
4
0
0
0
2,3
0
Ced
Ced
Ced
Ced
Ced
Ced
Ced
Ced
6,3
Iñigo López
Cases
Widmer
Toño
Pudil
Kitoko
Iriney
Anya
David de Coz
Lucena
Gai Assulin
Yuste
Ferreiro
Machí
Belkalem
Mikel Rico
Álex Bernal
Toti
Santos
Siqueira
Total
0
0
0,7
0
0
Ced
0
0
0
0
Ced
Ced
Ced
Ced
Ced
2,8
0
Ced
Ced
Ced
3,5
Equipo Altas €Mio Bajas €Mio
Dubarbier
Óscar Díaz
Tébar
Rodri
Suso
Ustari
Nélson
Torsiglieri
Barbosa
Total
0
0
0
Ced
Ced
0
Ced
Ced
Ced
0
Charles
Diego García
Carlos Calvo
Bernardello
Mejía
R.Suárez
Abel
Total
1
0
0
0
0
0
0
1
Seferovic
Abora
Granero
Oscar Vega
Total
3
0
Ced
0
3
Illarramendi
Llorente
Abora
Oscar Vega
Total
39
0
Ced
Ced
39
89
Home grown players by team
Club Canteranos
Valdés, Oier, Piqué, Puyol, Bartra, J.Alba, Montoya, Busquets, Xavi, Iniesta, Dos Santos,
Sergi Roberto, Cesc, Tello, Pedro, Cuenca, Messi
Casillas, Jesús, Diego López, Nacho, Carvajal, Arbeloa, Jesé, Morata
Manquillo, Koke, O.Torres, Mario Suárez, Gabi
Bernat, Alcácer, Guaita, Gayà, Míchel
J.Varas, Julián, Cala, I.Puerto, A.Moreno, Reyes
M.González, I.Martínez, Ansotegui, Zubikarai, C.Martínez, Estrada, Elustondo, Bergara,
R.Pardo, Zurutuza, Javi Ros, X.Prieto, Griezman, Aguirretxe
Iraizoz, San José, Gurpegi, Ekiza, Iraola, Iturraspe, Ibai, Susaeta, Muniain, Aduritz,
Herrerin, Laporte, Unai, Etxeita, Saborit, Morán, Beñat
Vadillo, Nano
Alvaro Garcia
Parreño, R.Rodríguez, Capdevila, V.Alvarez, J.Lopez, Tejera, Thievy, Kiko Casilla,
Carlos Clerc, David López
90
Home grown players by team
Club Canteranos
Juan Carlos, Iñiguez, Costa, Gaspar, Bruno, Manu Trigueros, Moises, J.Pereira
Jesús Gámez, Portillo, Juanmi, Samu
Arroyo
S.Alvarez, Tuñez, J.Vila, Hugo Mallo, Oubiña, Alex Lopez, Yoel, D.Costas, Jonny Castro,
Levy Madinda, A.Rodríguez
Flaño, Echaide, Oier, R.Torres, Puñal, Raoul Loé, Onwu
-
Hector Rodas
Lass Bangoura, Perea
Rueda, Baraja
Angel Trujillo, Zongo, Azeez
91
Players exits R. Madrid 2004-2014
9,3 45,0
15,2 30,8 66,0
87,5
11,0 16,5 38,5
103,5
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Morientes
(9,3) Figo (0) Zidane (-) Helguera (0) A. Gonález (-)
Heinze
(1,5)
Metzelder
(0) Garay (5) Altintop (3,5) Ozil (45)
Owen (25) Portillo (0) Pavón (0) Cassano (0) Parejo (3) Guti (0) Pedro León
(5) Canales (7,5) Higuaín (37)
Celades (0) Cobeño (0) Mejía (0) Balboa (4) García (7) Raúl (0) Sarabia (3) Gago (3,5) Albiol (12)
Solari (2) Sánchez (0) Bravo (2,3) García (0) Codina (0) Van der
Vaart (11)
Juan Carlos
(2.5) Granero (8) Callejón (9,5)
Samuel (18) Arbeloa (1,3) Diogo (4,5) Granero (3) Saviola (5) Fran Rico (1) Diarra (5) Carvalho (0)
César (0) Borja (-) Beckham (0) Soldado (6) Cannavaro
(0) Drenthe (-) Kaká (0)
Juanfran
(0,4) R. Carlos (0) Baptista (10)
Huntelaar
(15) Carvajal (5) Adán (0)
Gravesen (3) Diego López
(7) Robinho (43)
Negredo
(15) Joselu (6)
Jurado (3) Cicinho (9) De la Red (-) Sneijder
(15)
González (-) De la Red
(3)
Robben
(24)
Ronaldo
(7,5) Émerson (5) Torres (2)
Salgado (0)
Van
Nistelrooy
(0)
92
Player exits FC Barcelona 2004-2014
14,8 10,0 13,0 14,0
55,0
22,0
69,0
23,8 0,0
28,1
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Cocu (0) Rochemback
(1,5) Larsson (0)
Van
Bronckhorts
(0)
Edmílson (0) Eto’o (20) Touré (30) V.Sánchez
(0) Keita (0) Thiago (25)
Santemaría
(0) Ros (0) Gabri (0) Saviola (0) Oleguer (3)
Gudjohnsen
(2)
Chygrynskiy
(15) Milito (0) Henrique (-) Fontàs (1)
Luis García
(8,75) Albertini (-) Damià (1) Giuly (4,5)
Ronaldinho
(25) Jorquera (0)
R. Márquez
(0) Jeffren (3.75) Villa (2,1)
Overmars (-) Riquelme (7) Recber (0) Máxi lópez
(2) Ezquerro (0) Sylvinho (0) Henry (0) Bojan (12) Abidal (0)
Kluivert (0) Gérard (0) López (-) Belletti (5,5) Deco (10) Ibrahimovic
(24) Cáceres (3)
Quaresma (6) García (1,5) Navarro (6) Motta (2) Thuram (-) O.Romeu(5)
Dani (0) Rodri (0) G. dos
Santos (6)
Luis Enrique
(-)
Mark van
Bommel (6)
Zambrotta
(10,5)
Reiziger (0) Crosas (0,54)
Tortolero (0)
Enke (-)
93
1. Technical sheet
2. Summer transfers window 2013/14
3. Squads review La Liga
4. Barça vs Real Madrid
5. Conclusions
6. Annexes:
- European Football Finances
- Tables
- About Prime Time Sport
Football Transfer Review 2014
94
Datos de contacto Prime Time Sport
Esteve Calzada Group CEO
blog: www.estevecalzada.com twitter: @estevecalzada
+34 669 84 24 46
Bruno Batlle Director General
+34 672 29 61 33
Aleix Piqué
Content & player services manager
+34 652 44 31 59
Luiz Rocha Prime Time Sport Brasil
+55 31 3247 6272
Edgar Granados
Prime Time Sport México
+52 55 8533 3483
Iñaki Aguirregabiria Prime Time Sport Madrid
+34 670 855 466