Revealed: Premier League clubs lose £ 500 MILLION in transfer revenue as players reluctant to relocate during pandemic – with Arsenal and both Manchester clubs among those unable to move unwanted stars
- Premier League clubs are half a billion pounds lower in transfer revenues
- Players are reluctant to relocate due to the ongoing pandemic
- Arsenal, Manchester United and Manchester City have failed to switch players
- Top clubs have recouped £ 209m, compared to £ 650m last year
Premier League clubs are nearly half a billion pounds down in transfer revenues this year with less than two weeks to go until the window closes, in part because players are reluctant to move due to the pandemic.
Economic uncertainty across Europe is the main reason why top clubs have so far earned back around £ 209m from direct player sales, compared to £ 650m last year.
Players’ reluctance to relocate further hampers the ability to sell unwanted team members amid the coronavirus pandemic.
Wolves are one of the few clubs to have made more than £ 25 million in transfer revenue
Sources say they have experienced additional complications with some contracted players unwilling to change clubs because of the turmoil it would entail.
“It depends on many things other than just money,” said a source. If you’re located somewhere right now, it probably feels easier to just stay put. Why would you change? ‘
A number of high-profile Premier League stars remain in the market, with Arsenal, West Ham, Manchester City and Manchester United all trying to get players off their books.
“Moving to the other side of the country or somewhere abroad that you’ve never been to is definitely a factor players are thinking about this summer,” said a broker.
Many players were reluctant to move, unlike Leroy Sane who moved to Bayern Munich
The sale of Ben Chilwell to Chelsea netted Leicester £ 50 million in transfer sales earlier this summer
PLAYER SALES IN PREMIER LEAGUE
Arsenal – Martinez: £ 16 million
Aston Villa – £ 0
Brighton – Mooy, Button: £ 5 million (plus a permanent loan – £ 10 million)
Burnley – £ 0
Chelsea – £ 0 (three loans – £ 65 million)
Crystal Palace – £ 0
Everton – Schneiderlin, Dowell: £ 4 million
Fulham – £ 0
Leeds – £ 0
Leicester – Chilwell: £ 45 million
Liverpool – Lovren, Hoever: £ 20 million
Man City – Sane: £ 45 million
Man Utd – £ 0
Newcastle – £ 0
Sheffield Utd – £ 0
Southampton – Hojbjerg: £ 15 million (one loan, £ 6 million)
Tottenham – £ 0 (a permanent loan, £ 12 million)
West Brom – Leko: £ 1 million
West Ham – Ajeti, Hugill: £ 7.5 million (one loan, £ 12 million)
Wolves – Doherty, Jota: £ 56 million (one loan, £ 16 million)
TOTAL: £ 330 million (incl. Loan Agreements)
It’s another headache for recruiting teams trying to cope with an increasing pressure on finances as the matches continue behind closed doors.
Eleven clubs each made over £ 25 million exchanging players in 2019 – a stark contrast to this term. Only Wolves, Leicester City and Manchester City have broken that barrier so far, with Diogo Jota, Ben Chilwell and Leroy Sane leaving for Liverpool, Chelsea and Bayern Munich respectively.
Ten teams have yet to sell a player to a new club for a fee, although the conversion from relocations to permanent transfers was prominent, with eight in the division. These have proved to be more digestible for players who did not step into the unknown.
Chelsea are good for three of them, including the deal with Atletico Madrid for striker Alvaro Morata that closed in 2019.
US sports investment company ALK Capital LLC is in talks to acquire Premier League club Burnley, which is believed to be well advanced for the group to acquire a majority stake.