Agent Kia Joorabchian believes transfer fees will drop to ‘2015-16 levels … where a £ 80 million deal this summer would be UNREENDER’ as clubs struggle financially during the coronavirus crisis
- Many top clubs are struggling financially as a result of the Covid pandemic
- Neymar’s £ 198 million deal with PSG in 2017 saw transfer prices soar worldwide
- But agent Kia Joorabchian believes the amounts will go back to five years ago
- Paul Pogba moved to Manchester United for £ 89 million in the summer of 2016
Football agent Kia Joorabchian believes prices will drop for players this summer due to the impact of the Covid crisis.
The summer of 2017, with Neymar’s £ 198m world record move to PSG from Barcelona, caused a dramatic rise in transfer prices worldwide – there have now been five transfers totaling over £ 100m.
But Joorabchian, who has Philippe Coutinho, Sergio Reguilon and Willian on his books, says the impact of the coronavirus pandemic on the club’s finances means the amounts will return to those five or six years ago this year.
Kia Joorabchian (left) believes transfer prices will return to 2016, when Paul Pogba joined Manchester United (right) in a £ 89 million world record deal.
Neymar broke the world record for a transfer when he moved to PSG for £ 198 million in 2017
“I think all that happened during Covid was that prices started to correct themselves a little bit,” said Joorabchian. The Gab & Juls show.
The numbers got pretty out of hand and regardless of whether you had Covid or not, it became very difficult for clubs to make a living.
‘Everything started to lose its balance and it became very difficult for the market. With the effect of Covid it became of course even more difficult.
‘I think what will happen is you will see activity, you will see transfers, but you may see it come back to prices around 2015-16 years.
“A £ 80 million deal would be unheard of, but a £ 60 million deal would be huge.”
John Stones (L) moved to Man City for £ 50m, while Sadio Mane (R) joined Liverpool for £ 34m
In the summer of 2016, Paul Pogba set a new world record for a transfer following his £ 89 million move from Juventus to Manchester United.
In the same window, John Stones moved from Everton to Manchester City for £ 50m, while Sadio Mane moved from Southampton to Liverpool for £ 34m.
According to reports on Friday, clubs will have to meet Borussia Dortmund’s £ 154 million asking price if they want to sign in-demand striker Erling Haaland this summer, but players like Barcelona and Real Madrid are currently struggling financially.