It is four months ago, the British pound was about £ 1.30 against the euro. On Tuesday, he slipped downstairs was £ 1.09. Almost simultaneously was a pound is worth $ 1.49, while this week fell to 1.21 $. As I write this Wednesday, which. To the Euro £ 1.11 and $ 1.23
Why this topic in a column on football? Now that the biggest expense for most football clubs are the costs for the players, both transfer fees and wages. And the clubs in the Premier League are usually a disproportionate number of foreign players with fresh marketed almost exclusively in euros or dollars to acquire - the latter especially in South America.
Basically, a player who would cost 50 million € June an English club £ 38.4 M. On Tuesday cost, the same type of 50,000,000 € was another Premier League club set £ 45.9.
We will do the same € 50 million as players of the past five years € 4 million per season to win. In June it had signed for £ 3.1 million US dollars per year, or around £ 60,000 per week. On Tuesday, it would cost £ 3.7 million per year or just over £ 70,000 per week. During the term of his contract, which is an additional £ 3 million.
Of course, the Premier League are rich clubs and all, but over time these things add up.
Some of you remember what happened in Russia in recent years. In 2012-13 the Russian elite was a net expense of approximately $ 284 million. (For comparison, it was not too bad as the Premier League, which had a net expense of $ 440 million this year). Then, for a number of reasons, the Russian ruble has lost nearly half its value against the major currencies.
The result? In 2015-16, Russian clubs have a positive net investment (which means that the players have sold more than they spend on it) $ of about 55 million US. Last summer, the positive net expenses amounted to $ 50m. In other words, as a group, are already not wealth creation; They sell them.
Last summer was the net charge of the Premier League around $ 900 million. It could change if the book beyond depends? You could - you - gasp - a league sale?
Everything is possible, of course. But a closer look suggests that these concerns are somewhat simplistic and not take into account other factors.
The most important is the income. Or in other words, the Premier League on books and some of them in other currencies, an important advantage of being a part of their money that the most globalized in the world league. the sale of season tickets are the daily ticket sales, sponsorship and national, of course, the interior mammoth television offers now worth less when it comes to the purchase of foreign talents. If the broadcasting rights in the United Kingdom for 2016-2019 were sold worth $ 7860000000, in February, 2015. Today these rights are worth $ 6210000000th
But it's $ 1650000000 in smoke!
No it's not. It's just a way of looking. The Premier League also sell their rights abroad for a total estimated at around £ 3 million, but most of these deals are in the books are made in dollars or euros. This means that if the accident book, these coins are amplified, and to make the clubs in the Premier League more money in pounds. Many clubs are also in foreign currencies trade agreements.
What all of this contributes to a ceiling. It's not perfect, but enough to do significant damage on the transfer market, say regardless of the total numbers. It was certain that something the Russian clubs, most of which was purely national income, not in 2015 have again.
These clubs participate in European football will also cover the UEFA price in Swiss francs to pay. Fifty million francs in silver prices in June francs were worth £ 35 million. Wednesday, in addition to £ 41.7 million.
Other factors suggest that a monetary collapse of the Premier League would not be as disastrous as it would be elsewhere. The polarization in the modern game - and the large wealth gap between the Premier League club from mid-table and all but a dozen of the best continental - means it is unlikely that even players England A be 15- 20 percent cheaper, Bundesliga, Primera Division or Serie a sudden you start the Premier League for top talent to plunder.
(That is, at the upper end where the big clubs in the Premier League to compete with the likes of Real Madrid, Bayern and Barcelona, is likely to get harder to be superstars A-List).
There is also a silver lining. It is easier to move unwanted players for English clubs. At the moment, they often have to flogging for less than they value or loan and pay part of their salaries. In the future, these gains will not be as afraid continental clubs.
domestic players are relatively expensive, which can lead to some clubs to seek new talent in the minor leagues, or even do a better job in their own growing. A weak pound also means that English clubs cheaper and more attractive to foreign investors become - in fact, the British foreign assets or - which in turn attract more investment. Because people tend to splash some cash by buying a puppy soccer, it will come new money.
Of course there are 101 things that could affect the financial health of the Premier League over the exchange rate. The economy could simply place the tank Proposed referendum on United Kingdom membership of the European Union: Some think yes, some think it is not. I do not want to open this Pandora's box. When this happens, it will affect revenue and sponsorship fund. The following internal distribution of TV and can not exceed, and maybe even lower than the current, because it is the result of a race, enough weapons between units of the competing stations which paid 70 percent more than the last time, but they saw no note or subscriptions jump anywhere near this amount.
Fans can decide that illegal streaming is better for the games to pay either at home or at the stadium alternative. Casual fans who could the coffers of football swelled precede, as mixed martial arts or League of Legends.
All of these elements are possible. And before that in the big picture similar way, they are more likely to negatively affect the clubs concern in the Premier League that simple changes in exchange rates.
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