Is there actually any value in the British transfer market?
August 1, 2012 in Premier League, Transfers
Transfers are so damn hard to compare. So many factors go into the price that a club pays for a player; how long does the player have left on his contract? How old is the player? Does the club need the cash badly? It is a minefield in which both clubs (the selling club and the buying club) will always be trying to make it look to their fans like they got the best end of the deal (this is why a lot of transfers are now “Undisclosed”, so clubs can save face and claim a good deal even if they didn’t get one).
However, after this week’s report that Sunderland have offered £10m for Wolves striker Steven Fletcher, it has led me to really wonder if there is any value in the British transfer market. The “British player tax” is a phrase that has been thrown around for a few seasons now, but every season it seems to be getting more and more true. The first instance I can remember of a British player being wildly overpriced was Alan Shearer moving to Newcastle for £15m in 1996. A world record price at the time, but maybe more telling, it was almost double the previous British record set only the season prior when Stan Collymore moved to Liverpool for £8.5m. All of a sudden, top British players were changing hands for large sums. To put Shearer’s transfer even more into perspective, the following season, Ronaldo went to Inter for a mere £4.5m more than Shearer. Seems Inter got the best deal there (had he stayed injury free).
More recently, the “British player tax” has been shown in the transfers of the likes of Michael Carrick (£18m) and Owen Hargreaves (£18m). Both good players but at the time of their transfers equally good, if not better, Spanish, German and Italian players were changing hands for a lot less. The British player tax was brought much more into focus last season, when Kenny Dalglish’s attempt to bring the glory days back to Liverpool by buying the best of British only resulted in him showing his lack of any kind of financial value or sense. Andy Carroll (£35m), Jordan Henderson (£20m) and Stuart Downing (£20m) were all transfers that 99% of the footballing public stared at in wide-eyed amazement. “Just who would sanction that kind of money on those kind of players?”, we all thought. The fact that at the same time Liverpool bought Luis Suarez for around £12m less than Carroll just showed the British player tax in full effect.
So is there really any point in being the footballing equivalent of Jamie Oliver and “Buying British”? Well, to be honest, no, there isn’t. The money saved from overly expensive transfers could be put into a better scouting network. No team has shown the power of good scouting knowledge better than Newcastle. After laughing all the way to the bank with sacks full of cash from the Andy Carroll sale, they went about bringing in the likes of Ba (free), Cisse (£10m), Cabaye (£4.5m ish) and Tiote (£3m). Clearly, last year’s performance in the league shows that good scouting pays off.
If I was a Premier League manager now, I’d forget about buying British players, as there simply is no value in them. Alongside Sunderland’s £10m bid for Fletcher, there have been others already this summer who have changed hands for silly sums. Southampton dropped £8m for Jay Rodriguez for Burnley, a player with zero Premier League experience. Just how much is the going rate for potential these days? Reading,on the other hand, got Pavel Pogrebnyak for free (although probably on higher wages than Rodriguez), and I know who I’d bet on scoring more goals this season. If a lack of funds for scouting is what has led Sunderland to bid this much for a half-decent striker, then someone up there in the North East just buy Martin O’Neill a copy of Football Manager. It works just as well!



“To put Shearer’s transfer even more into perspective, the following season, Ronaldo went to Inter for a mere £4.5m more than Shearer. Seems Inter got the best deal there”
Shearer went to break records at Newcastle and helped us into the Champion’s League, Cup Finals and some of our highest Premier League positions. A lot of money, but I doubt there’s a single Geordie who would disagree when I say that it was money well spent. Unlike the £35m Liverpool spent on Carroll.
As a Sunderland fan I would begrudginly have to agree. Shearer was unbelivable value at £15million pounds. He was also in a position to demand that much money having had a brilliant period with Blackburn where his goals helped them to a Premier League trophy.
I would also have to disagree with the article when it comes to there being no value in the British Transfer Market. Just look at previous examples of someone like Rio Ferdinand. Manchester United payed a lot of money for him but he was ultimatley worth it – Liverpool fans will hope that Caroll and Henderson pay them back in the same way, although it is looking unlikely at the minute.
You also have to look at James McClean. He cost us £350,000 and has been one of the stars of the second half of the Premier League season.
For every exmple of overpriced British talent there are some undoubted bargains to be had. Which honestly is very similair to the over seas market.
That is why I am more than happy for Sunderland to buy Flethcher, he won’t set the world alight but he will be a reasonably solid dependable goalscorer in the Premier League scoring a goal every three games. It’s something we haven’t had at the club since Darren Bent.
James McClean was fantastic value but what was that down to? Good Scouting!
I don’t like it how you imply that the reasoning behind over priced British players is down to Newcastle’s 15M transfer for Shearer. He went on to break records after records in the Premier League. The reason to all of these over priced British players is the Media. They over hype, over price and over ambition homegrown players before they’ve played a full season. Look at players like Conor Wickham
Totally agree with you Jack. I think you are spot on with the over hype of homegrown talent. To be clear about the Shearer thing, I wasn’t blaming his price per se for the huge spike in transfer fees. I was merely stating that it was the first transfer I could remember where I thought “Holy crap that’s a lot”. Did you get value for money? Yes you did. But the comparison with Ronaldo is that by the time he signed for only £19.5m he was already a 2 time World Player of the Year and went on to become one of the greatest ever.
But you have backed up my very first point in the article: Transfers are dam hard to compare!