Description
Title: An Econometric Analysis of Professional Football Players’ Transfer Fees and Values
Abstract: Each year, professional football clubs spend billions of euros on player acquisition. Why do market participants set prices? This study presents an econometric model that reveals the crucial variables influencing professional soccer (football) players’ transfer market prices. Multiple linear regression (MLR), a statistical method, was used to build the model, with club fees serving as the independent variable. Over 2000 player transfers for cash from clubs in the five major European leagues during the time frame of July 2012 to November 2021 make up the sample. This paper particularly emphasizes the significance of taking into account the remaining duration of player contracts that bind them to the club to which they belong, a factor that is frequently overlooked in the body of existing literature. Additionally, it demonstrates that a statistical model can account for more than 80% of variations in player transfer fees. The approach created for the football industry to evaluate and forecast the transfer fees and values of football players has a variety of applications, including transfer negotiations, club sales or purchases, bank credit, fund raising, financial planning and communication, legal disputes, etc.
Keywords: football; soccer; transfer value; transfer fees; econometric model
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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