Madrid-Spain, September 5th 20131

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

About Football Transfer Review

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

Content

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

Technical sheet
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 Len 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)

Specifications

Team

Director: Bruno Batlle Analyst: Aleix Piqu Collaborates: ESADE Business School

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

Summer transfers window 2013/14

1.
2.

Background
European football

3.

La Liga

Background
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

Europe

Spain

Summer transfers window 2013/14

1.
2.

Background
European football

3.

La Liga

Player acquisition spending- top 5 European leagues

Mio

+40%

2.154

1.713

1.855 1.322

1.723

1.544

2008/09

2009/10

2010/11

2011/12

2012/13

2013/14

Top 5 European Leagues combined investment grew by 40% to 2,2bio, highest amount ever, despite Financial Fair Play and economy downturn

Player acquisition spending- top 5 European leagues

Mio

+18%
731 617 553 510 435 465 400 327 335

2009/10

2010/11

2011/12

2012/13

2013/14

+20%
402

470 360 262

+303%
388 245

+66%
375 226 230 157 151

+8%
238 258

194
128 140

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
10

% of total investment by top 4 in each league

Mio

89,3% 79,5% 63,6% 55,5% 49,7%

AS Monaco (44,3%) PSG O.Marsella Saint-Etiene

Real Madrid (47,3%) FC Barcelona Sevilla FC At.Madrid

B. Munich B. Dormund Wolfsburg Shalke 04

SSC Napoli AS Roma Fiorentina Juventus

Tottenham Man.City Chelsea Liverpool

Investment stays monopolized by few teams with high revenue generation potential, wealthy owners or significant income from sales of best players
11

5 year accumulated investment top 5 leagues

Mio

2.846 1.929 1.608 1.180 1.034

* Winter window transfers not included

12

Player sales- Top 5 European leagues

Mio

+38%

1.579 1.344 1.060 1.146

2010/11

2011/12

2012/13

2013/14

Total income from players sales recuperates growth trend to 1,6bio (+38%) and reaches the highest level since 2010/11 season
13

Player sales- Top 5 European leagues

Mio

+262%
480 438 365 336 287 290 299 269 183 261 228

2010/11

+12%
410

2010/12 2012/13 2013/14

-13% +39%

+48%
200

187

176

152 164

141 128 135

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 Leagueexperimented increased income from player sales
14

Net spending- Top 5 European leagues

Mio

470

2010/11
2011/12 2012/13 2013/14

318 248 217 147 103 42 62 16 23 58 58 27

70

-36

-30

-8

-24

-55 -92

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.
15

# of player signings- Top 5 European leagues

N. of players

366 59

Loans Signings

155 307 58 97 143 23 120 130 35 95 120 19 101

One more year, Serie A shows the highest number of player arrivals

16

# of player exits- Top 5 European leagues

607

N of players

Loans
Transfers

356 258 100 251 158 155 205 50

196 56
140

168 41 127

# of exits confirms Serie A as the league with highest players circulation. More than half of exits (52%) have been in loan format
17

Net # signings vs exits- Top 5 European leagues

N.of players

-75 -115-113-115

-54 -56 -66

-94

-54 -56 -54 -50

-38

-48 -59 -55

-250-247-242 -285 2010/11 2011/12 2012/13 2013/14

For the 4th consecutive season all leagues have experimented a net players reduction as teams continue to optimize squad wages costs

18

Top 10 spending ranking

Mio

183

166 122 111 107 87 78 67 67

66

Real Madrid AS Monaco Tottenham

PSG

Man. City

Napoli

Chelsea

Dinamo Mosc

Shakhtar Donetsk

AS Roma

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
19

Top 10 spending ranking 2012/13

Mio

147 100

95 70 65 65 64 52

43

43

PSG

Chelsea

Zenit

B. Munich Tottenham

M. United

M. City

Juventus

Arsenal

Inter

20

Top European teams spending ranking

Mio

183 147 111 87

2011/12 2012/13 2013/14

107 93
64

100 86 78

86

55
30

70 62 44

60 57 33

62 4350

5765 34

52 32

43 33 29

232426

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
21

Top 5 spending clubs in each league

Mio

Real Madrid
FC Barcelona Sevilla FC

182,5
57,0 33,9

Tottenham Manchester City Chelsea Liverpool Arsenal

121,8 106,5 77,8 56,0 45,0

SSC Napoli
AS Roma AC Fiorentina

86,9
66,2 38,3

At. Madrid Villarreal CF

33,0 16,0

Juventus Inter

32,1 28,8

Bayern Munich Borussia Dormund VfL Wolfsburgo Shalke 04 Bayern Leverkusen

62,0 50,0 26,7 25,0 21,4

AS Mnaco PSG O. Marsella Saint-Etienne Toulouse

166,2 110,9 41,7 15,5 8,6

22

Accumulated 5 year spending of top teams

Mio

611 549

370

348

331 274 227 227 197 191 141

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 23

Top 10 teams in player sales income

Mio

140

128
105 104

82

78

74

71

68
45

Anzhi

Tottenham

Roma

R.Madrid

Sevilla

At.Madrid

Porto

Napoli

Shakhtar

Lille

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.

24

Top 10 teams in player sales income 2012/13

Mio

81

71

69

67 56

41

40

40

39

39

Porto

Benfica

AC Milan Tottenham Arsenal

Genoa

At. Bilbao

Lille

Villarreal

Real Madrid

25

Top European teams player sales ranking

Mio

104
69 39 17 70 56

2011/12 2012/13 2013/14

41
5 0

37
1217

29
3 3

24 28 0

18 16

12

2324

3335

25 10 3

1111

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
26

Top European teams player sales ranking

Mio

Real Madrid
Sevilla FC Atltico Madrid

103,5
81,9 78,0

Tottenham Everton Liverpool Sunderland Arsenal

127,7 39,4 30,8 22,2 11,6

AS Roma
SSC Napoli AC Fiorentina

91,9
70,7 40,0

Valencia CF Real Sociedad

41,7 39,0

Juventus Udinese

36,7 26,2

Borussia Dormund Bayern Munich Bayern Leverkusen Werder Bremen Mainz 05

44,1 41,0 34,7 12,9 11,3

Lille OSC PSG O. Lyon Saint-Etienne Toulouse

45,0 28,5 24,5 23,0 12,7

27

Accumulated 5 year player sales of top teams

Mio

260 212 200

193 143 142 116 114 81 58 36

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
* Winter window transfers not included 28

Top European teams net investment ranking

Mio

2011/12

2012/13

144 98 84 90 82 79 70 61 75 40 38 54 38 46 34 363329 -8-13 -45 70 39 22 21 0 8

2013/14

10

4436

-9

-5

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 doesnt invest the income from player sales and is the only top team with mores sales than spending in players
29

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

30

European club ranking in # of signings

Players

84

26

24

23

20

17

17

17

17

15

Parma

Genoa

Chievo Verona

Hellas Verona

Sassuolo

Livorno

Inter Milan Udinese

Monaco

Roma

Italian teams top ranking of number of player arrivals and exits

31

European club ranking in # of exits

Players

120

44

37

35

33

32

30

28

28

28

Parma

Genoa

Udinese

Milan

Juventus

Chievo Verona

Bologna

Roma

Inter Milan Napoli

32

Top 10 most expensive players 2013/14

Mio

101 65 60 57

45

45

40

39

38

37

Bale

Cavani

Falcao

Neymar

zil

James

Fernandinho Illarramendi

Willian

Higuan
Gotze

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

33

Top 10 most expensive players 2012/13

Mio

55
42

40

40

40

40 32 31 30 26

Hulk

Thiago Silva Javi Martnez

Witsel

Lucas

Hazard

Oscar

Van Persie

Modric

Lavezzi

* Winter window transfers not included

34

Average value Top 10 European signings last 5 years

Mio

53 44 38 32 26

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

35

Top 5 most expensive players in each league

Mio

Bale
Neymar Illarramendi

101
57 39

zil Fernandinho Willian Fellaini Soldado/Lamela

45 40 38 32 30

Higuan
Strootman Mario Gmez

37
17 16

Isco Guilagovi

30 10

Benatia Ogbonna

14 13

Gtze Mkhitaryan
Thiago

37 28 25 18 13

Cavani Falcao James Marquinhos Moutinho

65 60 45 31 25

Luiz Gustavo Aubameyang

36

Ranking most expensive transfers ever

Mio

101

94 72 66 65 65

60

60

59

57

Bale

C.Ronaldo

Zidane

Ibrahimovic

Kaka

Cavani

Figo

Falcao

F.Torres

Neymar

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)
37

Usage top 10 European signings 2012/13

% Minutes

91%
77% 67% 64%

61%

58%

56%

54%

53%
21%

Van Persie Hazard

Oscar

Modric

Lavezzi

Javi Martnez

Thiago Silva

Witsel

Hulk

Lucas **

Van Persie is the most profitable signing (number of minutes). Chelseas 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

38

Summer transfers window 2013/14

1. 2. 3.

Background European football La Liga

39

Total player acquisition spending- La Liga

Mio

470
360

388

+303%

270

262 128

2008/09

2009/10

2010/11

2011/12

2012/13

2013/14

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
40

Player acquisition spending- La Liga

Mio

470 360 262 388

2009/10 2010/11

245 128 148 94 111 65

2011/12

2012/13
2013/14

Total Liga

Liga excl. FCB & RM

Signings by Bara 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)
41

New players investment R. Madrid vs FC Barcelona

Mio

265 183 112 78 55 30

2009/10

2010/11
2011/12 2012/13 2013/14

73

60 33

57

Both Real Madrid and Bara recuperate growth trend after 3 consecutive years of decline. Season 2009/10 expenditure by Real Madrid is still its highest ever
42

New players spending by team

Mio

183

2011/12 2012/13 2013/14

71 55 30 60 57 33 34 13 11 33 22 1 16 15 3 32 23 14 58

766

35

225

3 3

43

21

86

11

Sevilla and Atltico 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

43

Top 10 on 5 year accumulated investment

Mio

611

335 136 103

Valencia

96
Sevilla

79
Mlaga

57
Villarreal

30
At.Bilbao

26
Getafe

19
Granada

Real Madrid FC Barcelona At.Madrid

Real Madrid accounts for 38% of total La Liga players investment of the last 5 years and has spent 82% more than FC Barcelona
* Winter window transfers not included 44

Top 10 most expensive players 2013/14

Mio

101

57

39

30 10 8
Beat

8
Pabn

8
Gameiro

7
Bacca

7
Alderweireld Baptistao

Bale

Neymar

Illarramendi

Isco

Guilavogui

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)
45

Top 10 most expensive players 2012/13

Mio

30
19

14 8 6
5

4
Kondogbia

4
Vela

4
Pereira

4
Gago D.Lpez

Modric

Song

Jordi Alba

Canales

Cissokho

El Arabi

46

Total value of player sales- La Liga

Mio

480

245

286

290 183

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
47

Player sales by team

Mio

104 82 85 78

2011/12 2012/13 2013/14

39 17 18

3942 30 14

39

37 29

40 28 24 18 20 13 12 6 5 9 1

7 23

46

6 854

24

Real Madrid is also the most active team in player sales by releasing Ozil, Higuain, Albiol and Callejn. FC Barcelona is only 7th (Thiago, Villa & Fonts). Sevilla, Atltico Madrid and Valencia, forced to sell their best players

48

Top 10 on 5 year accumulated player sales

Mio

260

220

215 145

122
93 67

65

55

40

Real Madrid

At.Madrid

Valencia FC Barcelona

Sevilla

Villarreal

Mlaga

Getafe

Espanyol

At.Bilbao

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

49

Sales abroad of national players

Mio

139 115 74 57 47 17 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14

79

Spanish players exports grew for 4th consecutive seasons to 139, the highest number ever
*Includes transfers of Liga BBVA and Liga Adelante
50

Total net spending- La Liga

Mio

225 70 -24 -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
51

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

52

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

53

# of signings- La Liga
N of players

147
Signings 0 Loans Signings

155 134 39

126
31

122 58 37 28 36 37
57

63 58

95

53

58 34 2012/13 2013/14

2009/10

2010/11

2011/12

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

54

# of exits- La Liga

N of players

204 179
Loans Signings

205 188

176 58 50

51
55

46

133

126

146

133

155

2009/10

2010/11

2011/12

2012/13

2013/14

The number of exits is the highest in recent years. In average, every team released 10 players
55

Net # of signings vs exits- La Liga

2009/10 2010/11 2011/12 2012/13 2013/14

N of players

-53

-54

-57

-54

-50

For the 5th consecutive season, La Liga teams took advantage of the transfer window to reduce the number of players in the pay roll
56

# of signings by team
N of players
14 14 13 12 13 12 10 9 9 9 13 12 12 11 13 13

2011/12
2012/13 2013/14
8 8 8 8 8
77 77

8
6

8
7 6 6 5 66 5 6 5 3 2 1 2 5 5 5 4 3 22 1

00

00

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 57

# of signings by team and category

N of players
0

Signings 0
Loans
6
8 5

Signings
7 2 7 4 1 2 0 2 1 1 1 0 2 0 2 2 0 3 0

5 5 2 0

2 4 0 5 6 5 1 1

1 0 4

3 1

1 1

5 1 1 1

58

# of exits by team
2011/12 2012/13
22 22 19

N of players

2013/14

14

14 11

15

14

13 10

14 12 11 10 11 10 11 10 10 7 11 10 11 12 11 99 99 8 8

14 12

14

10

10

10 8

10

7 5

8 6 3 5 6 5

13 teams have released 9 players or more. Granada leads releases ranking again (22). Real Sociedad only saw 4 players leaving the club
59

Net # of signings vs exits

N. of players
3 2 2 2

-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
60

Continuity of signings of last season

2/2 2/2 100% 100%
5/7
71%

2/3
66%

2/3
66%

8/13
62%

3/5
60%

3/5
60%

5/9
55%

3/6 5/12
50% 42% 40% 40% 33% 33%

2/5

2/5 2/6 1/3

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
61

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

62

% of non national players by league

Non-national players
2010/11

69,6%
64,0% 63,3% 63,2% 52,2% 47,3% 44,9%

2011/12 2012/13

54,4%
49,7% 49,2% 48,6%

2013/14

45,8%

45,1%
41,1% 40,3% 39,4%

40,2% 38,8% 37,9% 36,7%

La Liga is still the league that has the highest % of national players. English Premier League the lowest
63

Average age of players in squad

Age

28,5 28,4

28,1 27,9 27,7 26,7 26,7 26,7 26,6 26,5 26,2 26,0 25,9 25,8 25,7 25,7 25,6 25,5 25,4 25,4

64

Home grown players by squad

Players

17

17
14 11 10

* Players having participated in any youth teams of the club, including reserves (B teams)

65

Average stability of squad- Top 10

Years*

4,3 3,8

4,2

3,7
3,1

3,5

3,2 3,3 2,8 2,4

3,0
2,7

2011/12 2012/13 2013/14

2,3
1,7 1,7 1,21,3

2,3
2,0

1,5

1,7 1,7
1,1

1,6 1,7

1,3

1,6 1,7

FC Barcelona

R.Sociedad

At.Bilbao

Real Madrid

Osasuna

Espanyol

R.Valladolid

Celta

Mlaga

Getafe

Bara repeats as the team with most stable squad

* Average time of stay in the club

66

Average stability of squad- Bottom 10

Years*

2011/12 2012/13 2013/14

2,02,0

1,8
1,6 1,43 1,2 1,41 1,4

1,3
0,8

1,1

1,2

1,18

1,1 0,91

1,0

1,2
0,88 1,0

1,1
0,87

1,0

0,80,75

At.Madrid

Villarreal

Valencia

Granada

Almera

Sevilla

Elche

Betis

Levante

Rayo

* Average time of stay in the club

67

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

68

Players movement

2012/13
Revenues* (mio) Profit/Loss* (mio) Signings investment (mio) Player sales (mio) Net signings investment (mio) # of signings # of exits Average cost per new player Continuity players signed last season Most expensive signing (mio)
* Forecast Real Madrid 2012/13 y FC Barcelona 2012/13

2013/14
N/A N/A 57 28 42 1 7 57 2/2
Neymar (57)

2012/13
517 32,4 30 39 -8,5 2 9 15 4/5
Modric (30)

2013/14
N/A N/A 183 104 79 5 8 37 2/2
Bale (101)

470 35,9 33 0 33 2 3 17 2/2

Song (19)

69

Players movement- accumulated 5 years

2009/14
Signings investment (mio) Player sales (mio) Net signings investment (mio) Most expensive signing (mio) Most important sale (mio)

2009/14 611 260 345

Bale (101) Ozil (45)

335 143 192

Ibrahimovic (66) Tour (30)

* Seasons 2009/10, 2010/11, 2011/12, 2012/13 y 2013/14

70

Squad review

2013/14
N players in First team Average age

2013/14 23 25,7 2,7 48% 7 8

25 26,7 4,3 36% 6 17

Average stability of squad (Average time of stay in the club)

% Foreign players N Nationalities Home grown players by squad

New home grown players by squad

U21 Players

2
2

4
6
71

# of signings- La Liga

Etoo Deco D.Alves Hleb

Giuly
Edmilson

Cceres
Henry
Zambrotta

Belletti
Sylvinho

Keita
Henrique

Ibrahimovic Chygrynskiy

Milito Abidal
Y.Tour
2007/08

Villa
Mascherano

Larsson
Van Bronckhorst

Ezquerro Van Bommel

2005/06

Gudjohnsen

Piqu Pinto
2008/09

Keirrison
Maxwell
2009/10

Cesc
A.Snchez 2011/12

Song J.Alba
2012/13

Thuram
2006/07

Adriano
20010/11

Neymar
2013/14

2004/05

72

Homegrown player sales FC Barcelona 2004-2014

Mio

26,0 20,8

8,8

7,0

9,5 2,2

1,5

0,0
2008-09 2009-10

0,0
2010-11 2011-12 V.Snchez (0) O.Romeu(5) Jeffren (3.75) Bojan (12)

0,0
2012-13 2013-14 Thiago (25) Fonts (1)

2004-05

2005-06

2006-07 Gabri (0) Dami (1)

2007-08 Motta (2) ToniCalvo (0,2)

Luis Garca Sergio Garcia (8,75) (1,5) Santamara (0) Tortolero (0) Ros (0)

G. dos Jorquera (0) Santos (6) Oleguer (3) Crosas (0,5)

Fernando Navarro (6)

73

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

74

Conclusiones FTR 2014- verano (1 de 6)

El mercado europeo de fichajes de verano ha crecido un 40% respecto la temporada pasada, alcanzando un gasto de 2,2bio, lo que supone un nuevo record histrico en inversin en fichajes a pesar del Financial Fair Play y la crisis econmica
Todas las grandes ligas europeas han experimentado un importante crecimiento en el gasto, alcanzando la Premier League, la Ligue 1 y la Bundesliga los valores ms altos de su historia. La Premier League ha sido el principal dinamizador del mercado con un gasto de 731mio, gracias a mayores ingresos por nuevos contratos televisivos. La Liga ha experimentado el mayor crecimiento de Europa liderado por el fichaje de Gareth Bale por el Real Madrid. La inversin sigue monopolizada por pocos equipos con gran potencial de generacin de ingresos, propietarios con gran capacidad econmica o equipos que han generado importantes ingresos por la venta de sus mejores jugadores. Los 8 equipos con ms inversin representan hasta el 60% de la inversin en Europa. Los ingresos por venta de jugadores recuperan la tendencia de crecimiento alcanzando 1,6bio, la cifra ms alta desde la temporada 2010/11. La venta de jugadores, junto con mayores ingresos por los contratos televisivos en Inglaterra y mayores premios por participar en la Champions League han ayudado a financiar la inversin en fichajes de los equipos.
75

Conclusiones FTR 2014- verano (2 de 6)

La Liga ha vendido cerca de medio billn de Euros en jugadores en esta ventana de verano. Esta es la cantidad ms alta de ventas alcanzada por una liga de toda la historia del ftbol, lo que confirma a Espaa como el principal pas de produccin de talento y desarrollo de jugadores del mundo. Todas las ligas Europeas exceptuando la Premier League Inglesa han experimentado un crecimiento en la venta de jugadores. El dominio de la Premier League es an superior deduciendo el ingreso por venta de jugadores, con una inversin neta de 470mio. En el otro extremo, Espaa contina perdiendo talento y experimenta una inversin neta negativa de 92mio. De este modo, por segunda temporada consecutiva, los ingresos por ventas han sido superiores a la inversin en nuevos jugadores.
La Serie A es una vez ms la ms activa en llegadas de jugadores (366), doblando a la Liga que se sita en segundo lugar con 156 nuevos jugadores. Cesiones y fichajes a coste cero continan siendo el formato ms utilizado para la incorporacin de jugadores y por cuarta temporada consecutiva todas las ligas han experimentado ms salidas que incorporaciones. En el ranking de clubes, el Real Madrid vuelve a ser el club que ms ha invertido con 183mio (101 en Gareth Bale). El AS Monaco, con su nuevo propietario ruso, alcanza la 2a posicin gastando 166mio. El Tottenham aprovecha la venta de Bale para unirse al top 3.

76

Conclusiones FTR 2014- verano (3 de 6)

El Anzhi ruso es el lder europeo en ingresos por venta de jugadores tras un menor compromiso por sus propietarios para continuar invirtiendo de forma importante. El Tottenham (128mio) alcanza la 2a posicin gracias a la venta de Gareth Bale. 3 equipos de La Liga (Real Madrid, Sevilla y Atltico Madrid) se sitan en el top 10 de ventas de jugadores. El Real Madrid es el dinamizador indiscutible del mercado Europeo de fichajes en los ltimos 5 aos, siendo el club con una mayor inversin acumulada (611mio) y un mayor ingreso por venta de jugadores (260mio). El Manchester City es el club con mayor inversin neta (inversin en fichajes menos ingresos por ventas) con 435mio en 5 aos. El fichaje de Bale (101mio) es el ms caro del verano y de la historia del ftbol. El coste medio de los 10 principales fichajes europeos es de 53,1mio, un 41% ms alto que la temporada pasada. El Real Madrid ha realizado 5 de los 10 fichajes ms caros de la historia de Europa. 4 de los 10 fichajes ms caros de la historia de Europa han sido realizados este verano (Bale, Cavani, Falcao y Neymar)

77

Conclusiones FTR 2014- verano (4 de 6)

La Liga ha triplicado su inversin en nuevos jugadores este mercado de verano alcanzando una cifra de casi 400mio, la segunda ms importante de su historia, gracias a la reinversin de los ingresos generados por las ventas de jugadores y el fichaje de Gareth Bale por el Real Madrid Los fichajes del Real Madrid (183mio) junto con los del FC Barcelona (57mio) continan concentrando la mayora del valor, representando un 62% del gasto de La Liga (49% en la 12/13, 32% en la 11/12 y 57% en 10/11). Tanto Real Madrid como FC Barcelona recuperan la tendencia de crecimiento en la inversin despus de 3 aos de decrecimiento. Los fichajes del Real Madrid representan un 38% del total de La Liga (610mio) en los ltimos 5 aos y ha gastado un 75% mas que el FC Barcelona (348mio) en este periodo.

El Sevilla y el Atletico de Madrid siguen a los 2 gigantes reinvirtiendo parte del ingreso por la venta de jugadores, gastndose 34mio y 33mio respectivamente. 4 de los equipos de la liga no realizaron ningn gasto en fichajes y 10 ficharon por valor igual o inferior a 3mio.

78

Conclusiones FTR 2014- verano (5 de 6)

Real Madrid (104mio), Sevilla (82mio) y Atletico de Madrid (78mio) ocupan el top 3 de la Liga de ventas de jugadores. El FC Barcelona, habiendo vendido a Thiago, Villa y Fonts es slo el 7o en el ranking. El Real Madrid tambin lidera las ventas de los ltimos 5 aos con 263mio, seguido por el Atletico de Madrid (220mio) y Valencia (215mio). Durante los ltimos 5 aos, el Real Madrid ha ingresado 81% ms que el FC Barcelona en ventas de jugadores.

La venta de jugadores espaoles ha crecido por 4 ao consecutivo hasta 139mio, la cifra ms alta de la historia (17 en la temporada 2009/10)

La cifra ms alta de ventas de la historia de la Liga (480mio) ha representado una inversin neta negativa de 92mio, tambin la ms alta de la historia. La Liga ha pasado de ser una liga compradora a una liga vendedora teniendo dificultades para mantener el talento (exceptuando Real Madrid y FC Barcelona). 13 de los 20 equipos de La Liga han vendido ms de lo que han invertido en fichajes

79

Conclusiones FTR 2014- verano (6 de 6)

El Sevilla es el club con mayores cambios en su plantilla, con 14 llegadas y 19 salidas. Granada y Rayo siguen siendo de los clubes con mayor nmero de movimientos. El FC Barcelona repite como el equipo con menos incorporaciones (slo Neymar), en los ltimos 10 aos nunca haba incorporado nicamente un jugador

El FC Barcelona se mantiene como la plantilla ms estable de La Liga (4,3 aos de media). Tambin tiene el mayor nmero de jugadores de la cantera (17) en el primer equipo junto al Athletic Bilbao
La Liga BBVA tiene el menor porcentaje de jugadores extranjeros (40,2%) de todas las ligas europeas

80

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

81

Revenue trend top European leagues

Mio 2.917 2.4792.500 2.326 1.872 1.746 1.664 1.575

1.7181.765 1.622 1.501

1.4941.5321.5531.570 1.136 1.0481.0721.040

2008/09

2009/10

2010/11

2011/12

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.
Source Deloitte Annual Review of Football Finance, June 2013

82

Club European ranking by revenues

Mio 513 480 439 401

483 451 398 366 396 367 350 327

2008/09
368 323 321 290 323 259 253 245 290 263274 251 286

2009/10

2010/11

2011/12

257 244 235 197 170 153

205 203

195

225 211 197 186

154

102

Real Madrid FCBarcelona Man.United

B.Munich

Chelsea

Arsenal

Man.City

AC Milan

Juventus

Inter

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
Source: Deloitte Football Money League 2013

83

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

84

Arrivals & exits La Liga 2013/2014

Equipo Altas Mio Bajas Mio Equipo Altas Mio Bajas Mio

Neymar

57

Fonts Abidal David Villa Deulofeu Thiago Rafinha Total Carvalho Callejn R.Albiol Higuan Kak Cheryshev Adn zil Total Tino Costa Nelson Valdez Gago Soldado Cissokho

1 0 2,1 Ced 25 Ced 28,1 0 9,5 12 37 0 Ced 0 45 103,5 7 3 1,7 30 Ced

Total Carvajal Casemiro Isco Illarramendi Bale

-57 6,5 6 30 39 101

Jos Gimnez Demichelis Baptistao David Villa Roberto Aranzubia Alderwireld Guilavogui

0,9 0 7 2,1 6 0 7 10

Falcao Silvio Cisma Rubn Micael Joel Rubn Prez Pulido Cata Daz S.Asenjo Pizzi Roberto Borja Bastn Demichelis Cabrera

60 Ced 0 3 4 Ced 0 0 Ced 6 Ced Ced 5 0

Total
Fonts Charles Nolito Rafinha Aurtenetxe

33
1 1 2,6 Ced Ced

Total
Roberto Lago Iago Aspas Dani Abalo Bustos Jota Insa De Lucas Total

78
0 8,2 0 Ced Ced 0 0 8,2

Total Nelson Valdez Javi Fuego Mchel Oriol Romeu Hlder Postiga Dorlan Pabn Total

182,5 3 0 0,4 Ced 3 8 14,4

Total

4,6

Total

41,7

85

Arrivals & exits La Liga 2013/2014

Equipo Altas Mio Bajas Mio Equipo Altas Mio Bajas Mio

Chuli Steinhfer Cedrick Andersen Reyes Joan Verd Sara Jordi Figueras Ddac Vil Juanfran Rennella Xavi Torres Total Ral Baena Nery Castillo Mojica Sal guez Rubn Galeano Larrivey Alberto Bueno Cueva Z Castro Iago Falqu S.Fernndez J.Viera Total

0,8 0 0 0 0,9 0 Ced 0 Ced 0 0 2,8 4,5

Caas Adrin Beat Pozuelo Ezequiel Mario Agra ngel Casto Fabri Rennella lex Martnez J.Pereirea Total

0 0 8 0,5 Ced 0 Ced 0 0 0 Ced 0 0 8,5 0 7 0 0 0 0 0 0 0 0

Beto Rusescu Pareja Jairo Marko Marin Vitolo Bacca Carrio Figueiras Gameiro Cristforo Iborra Mbia Cherysev

2 2,5 Ced 2,5 Ced 3,2 7 Ced 1 7,5 2,3 6 Ced Ced

0 0 Ced Ced 0 0 0 0 Ced 0 Ced 0 Ced 0

Javi Fuego Baptistao Piti A.Domngez Casado Fimnez Delibasic Machado Rafa Garca Tamudo

Palop Jess Navas Luna Luis Alberto Espinosa Spahic Del Moral Ibusuki Campaa Negredo Acosta Bota Alexis Medel Hervs Bab Guarente Kondogbia Total Balenziaga Hernndez Alberto Bueno Quique Lzaro

0 17,5 2 8 0 0,4 Ced 0 2 19 0 Ced 0 13 Ced Ced 0 20 81,9 0,5 Ced 0 0 0

Total Bergdich Alcatraz Deigo Mario Omar Bermettler Osorio Rossi Total

33,9 0,7 0 0 0 0 0 Ced 0,7

86

Total Total 7

0,5

Arrivals & exits La Liga 2013/2014

Equipo Altas Mio Bajas Mio Equipo Altas Mio Bajas Mio

Srgio da Silva David Barral Xumeetra El Adoua Ivanschitz Jvai jimnez Gomis Nong Bab Total Balenziaga Etxeita Beat Kike Sola Mikel Rico

0 0 0 0 0 0 0 0,3 Ced 0,3 0,5 0 8 4 2,8

Mchel Muna Barkero Dudka Ivn Lpez Morales Juanlu Roger Iborra Total F.Llorente Amorebieta Xabi Castillo Igor Martnez Ral Isma Lpez Zubiaurre Iigo Ramalho Aurtenetxe Iigo Prez Total

0,4 0 0 0 Ced Ced 0 Ced 6 6,4 0 0 0 0 Ced 0 0 Ced Ced Ced Ced 0

Roberto Lago Escudero Alexis L.Lpez

0 0,5 0 Ced

Hugo Fraile Man Barrada Giza Arizmendi Xavi Torres Miguel Torres lex Prez .Vzquez Total Kike Sola Zabal Timor Nano Annunziata Gonzlez Rper Masoud Total

0 0 10 0 0 2,8 0,5 Ced Ced 13,3 4 0 Ced 0 0 0 0 0 4

Total Jordan Lotis Joan Oriol De las Cuevas Oriol Riera Silva

0,5 0 0 1,2 0,7 1,2

Total

3,1

Total

15,3

87

Arrivals & exits La Liga 2013/2014

Equipo Altas Mio Bajas Mio Equipo Altas Mio Bajas Mio

Tissone Santa Cruz Antunes Ferreira Anderson Angeleri Pawlowski Chen El Hamdaoui

0 0 1,2 0,5 1 0,2 Ced 0,4 Ced

Saviola Demichelis Edinho Iturra Joaqun Isco Toulalan Baptista Rubn Recio S.Fernndez Total Montagud Etxeita Xumetra Palanca Linares Pelayo Verds Flao Rivas Powel

0 0 0 0 1,8 30 5 0 0 Ced 0 36,8 0 0 0 0 0 Ced 0 0 Ced 0

Lanzarote David Lpez Fuentes Abraham Pizzi Sidnei lex Torje Crdoba

0 0,2 0 0 Ced Cedd 0,5 Ced Ced

Petrov Joan Verd Baena Amat Forln lvarez C.Alfonso C.Gmez Wakaso Albn Luna Total Zapata Senna Mellberg Joan Oriol Truyols Javi Venta Diego Mario Joselu G.Bordas Juanma Camuas Total

0 0 0 2,9 3,5 0 Ced Ced 6 0 0 12,4 6 0 0 0 0 0 0 0 0 0 0 6

Total Stevanovic Gil Sapunaru Too Del Moral Lombn Cisma Rubn Prez Bota Carlos Snchez Javi Mrquez Boakye Total

3,3 Ced Ced 0 0 Ced 0,1 0 Ced Ced 0 Ced Ced 0,1

Total Perbet Pina Jokic Pantic Gio Dos Santos J.Pereira S.Asenjo Gabriel

0,7 1,4 5 0 0,3 6 0 Ced 3,3

Total Total 0

16

88

Arrivals & exits La Liga 2013/2014

Equipo Altas Mio Bajas Mio Equipo Altas Mio Bajas Mio

Gai Assulin Brahimi Iturra Piti Riki Douglas Belkalem Coeff Karnezis Ighalo Foulquier Recio Campos Pereira Widmer

0 4 0 0 0 2,3 0 Ced Ced Ced Ced Ced Ced Ced Ced

Iigo Lpez Cases Widmer Too Pudil Kitoko Iriney Anya David de Coz Lucena Gai Assulin Yuste Ferreiro Mach Belkalem Mikel Rico lex 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

Dubarbier scar Daz Tbar Rodri Suso Ustari Nlson Torsiglieri Barbosa Total Seferovic Abora Granero Oscar Vega Total

0 0 0 Ced Ced 0 Ced Ced Ced 0 3 0 Ced 0 3

Charles Diego Garca Carlos Calvo Bernardello Meja R.Surez Abel

1 0 0 0 0 0 0

Total Illarramendi Llorente Abora Oscar Vega Total

1 39 0 Ced Ced 39

Total

6,3

89

Home grown players by team

Club Canteranos
Valds, Oier, Piqu, Puyol, Bartra, J.Alba, Montoya, Busquets, Xavi, Iniesta, Dos Santos, Sergi Roberto, Cesc, Tello, Pedro, Cuenca, Messi

Casillas, Jess, Diego Lpez, Nacho, Carvajal, Arbeloa, Jes, Morata

Manquillo, Koke, O.Torres, Mario Surez, Gabi Bernat, Alccer, Guaita, Gay, Mchel J.Varas, Julin, Cala, I.Puerto, A.Moreno, Reyes M.Gonzlez, I.Martnez, Ansotegui, Zubikarai, C.Martnez, Estrada, Elustondo, Bergara, R.Pardo, Zurutuza, Javi Ros, X.Prieto, Griezman, Aguirretxe Iraizoz, San Jos, Gurpegi, Ekiza, Iraola, Iturraspe, Ibai, Susaeta, Muniain, Aduritz, Herrerin, Laporte, Unai, Etxeita, Saborit, Morn, Beat Vadillo, Nano Alvaro Garcia Parreo, R.Rodrguez, Capdevila, V.Alvarez, J.Lopez, Tejera, Thievy, Kiko Casilla, Carlos Clerc, David Lpez

90

Home grown players by team

Club Canteranos
Juan Carlos, Iiguez, Costa, Gaspar, Bruno, Manu Trigueros, Moises, J.Pereira

Jess Gmez, Portillo, Juanmi, Samu

Arroyo S.Alvarez, Tuez, J.Vila, Hugo Mallo, Oubia, Alex Lopez, Yoel, D.Costas, Jonny Castro, Levy Madinda, A.Rodrguez Flao, Echaide, Oier, R.Torres, Pual, Raoul Lo, Onwu Hector Rodas Lass Bangoura, Perea Rueda, Baraja

Angel Trujillo, Zongo, Azeez

91

Players exits R. Madrid 2004-2014

9,3
2004-05 Morientes (9,3)

45,0
2005-06 Figo (0) Owen (25) Celades (0) Solari (2)

15,2
2006-07 Zidane (-) Portillo (0) Cobeo (0) Snchez (0)

30,8
2007-08

66,0

87,5 11,0 16,5

2011-12 Garay (5)

103,5 38,5
2012-13 Altintop (3,5) 2013-14 Ozil (45)

2008-09

Helguera (0) A. Gonlez (-) Pavn (0) Cassano (0)

2009-10 Heinze (1,5) Parejo (3)

2010-11 Metzelder (0) Guti (0)

Samuel (18) Arbeloa (1,3) Csar (0) Borja (-) Juanfran (0,4) Gravesen (3) Jurado (3) Gonzlez (-) Ronaldo (7,5)

Pedro Len Canales (7,5) Higuan (37) (5) Meja (0) Balboa (4) Garca (7) Ral (0) Sarabia (3) Gago (3,5) Albiol (12) Van der Juan Carlos Bravo (2,3) Garca (0) Codina (0) Granero (8) Callejn (9,5) Vaart (11) (2.5) Diogo (4,5) Granero (3) Saviola (5) Fran Rico (1) Diarra (5) Carvalho (0) Cannavaro Beckham (0) Soldado (6) Drenthe (-) Kak (0) (0) Huntelaar R. Carlos (0) Baptista (10) Carvajal (5) Adn (0) (15) Diego Lpez Negredo Robinho (43) Joselu (6) (7) (15) Sneijder Cicinho (9) De la Red (-) (15) De la Red Robben (3) (24) merson (5) Torres (2) Salgado (0) Van Nistelrooy (0)

92

Player exits FC Barcelona 2004-2014

55,0
14,8
2004-05 Cocu (0) Santemara (0) Luis Garca (8,75)

69,0 22,0 23,8

0,0
2009-10 Etoo (20) 2010-11 Tour (30) 2011-12 2012-13 Keita (0) 2013-14 Thiago (25) Fonts (1) Villa (2,1) Abidal (0)

10,0
2005-06

13,0
2006-07

14,0
2007-08 2008-09 Van Bronckhorts Edmlson (0) (0) Saviola (0) Giuly (4,5) Mxi lpez (2) Belletti (5,5) Motta (2) Oleguer (3)

28,1

Rochemback Larsson (0) (1,5)

Ros (0) Albertini (-) Gabri (0) Dami (1) Recber (0) Lpez (-) Navarro (6) Rodri (0) Mark van Bommel (6)

V.Snchez (0)

Ronaldinho (25)

Gudjohnsen Chygrynskiy Milito (0) Henrique (-) (2) (15) R. Mrquez Jorquera (0) Jeffren (3.75) (0) Henry (0) Bojan (12) Cceres (3) O.Romeu(5)

Overmars (-) Riquelme (7) Kluivert (0) Grard (0)

Ezquerro (0) Sylvinho (0) Deco (10) Thuram (-) G. dos Santos (6) Zambrotta (10,5)

Ibrahimovic (24)

Quaresma (6) Garca (1,5) Dani (0) Luis Enrique (-)

Reiziger (0)
Tortolero (0) Enke (-)

Crosas (0,54)

93

Football Transfer Review 2014

1.
2. 3. 4. 5. 6.

Technical sheet
Summer transfers window 2013/14 Squads review La Liga Bara vs Real Madrid Conclusions Annexes: European Football Finances Tables About Prime Time Sport

94

Datos de contacto Prime Time Sport

Esteve Calzada
Group CEO esteve.calzada@primetimesport.com blog: www.estevecalzada.com twitter: @estevecalzada +34 669 84 24 46

Bruno Batlle
Director General bruno.batlle@primetimesport.com +34 672 29 61 33

Luiz Rocha
Prime Time Sport Brasil luiz.rocha@primetimesport.com +55 31 3247 6272

Aleix Piqu
Content & player services manager aleix.pique@primetimesport.com +34 652 44 31 59

Iaki Aguirregabiria
Prime Time Sport Madrid inaki.aguirregabiria@primetimesport.com +34 670 855 466

Edgar Granados
Prime Time Sport Mxico edgar.granados@primetimesport.com +52 55 8533 3483

95