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European Football Clubs Spent €3.3bn on New Transfer Deals, 40% less than in 2019

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Real Madrid's Portuguese forward Cristia

Football Clubs in Europe Spent €3.3bn on New Transfer Deals

The year 2019 has witnessed a record value of football transfer deals, with clubs in Europe’s “Big five” leagues spending €5.5bn, €900m more than the 2018 summer transfer window.

However, with far less money available to football clubs and a steep drop in footballers’ value, the coronavirus outbreak triggered a sharp fall both in the volume of transactions and transfer fees.

According to data presented by SafeBetting Sites, the combined value of 1,381 transfer deals completed in the 2020 summer transfer window hit €3.3bn value, a 40% plunge year-over-year.

Premier League Clubs Completed €1.6bn Worth of Deals, 48% of Total Deal Value this Season

As the leading European football league in terms of revenue and brand value, the Premier League also tops the list of completed transfers deals in season 2020/2021. During the 2020 summer transfer window, Premier League’s clubs spent a total of €1.6bn on acquiring players, almost 50% of total transfer deal value this season, revealed the TransferMarkt and The Guardian data. Statistics show that Kai Havertz’s €80 million worth transfer from Bayer Leverkusen to Chelsea represents the most valuable deal in Premier League and Europe in the 2020/2021 season.

With €882.3 million spent on 353 transfer deals, Italy’s Serie A ranked as the second-leading football league in Europe. On September 1st, a former Lille player Victor Osimhen signed a five-year contract for SSC Napoli with a transfer fee of €70 million, the most valuable deal in Serie A this season, and the third-largest in Europe. Statistics also show the market value of the 21-year old center-forward player jumped by €10 million in 2020, growing from €30 million in December 2019 to €40 million in August.

Spanish La Liga ranked third among the European football leagues, with its clubs spending €807.1 million on 256 transfers. The TransferMarkt data revealed that Arthur Melo’s €72 million worth transfer from Barcelona to Juventus represents the most valuable deal in Spain this season and the second-most valuable in Europe.

Top Three Football Transfers hit €222 Million Value

The Guardian and TransferMarkt data revealed that football clubs competing in the French Ligue 1 spent a total of €736.9 million on 323 transfer deals at the start of the new season, ranking in the fourth place among the “Big five” European leagues. Bundesliga clubs follow, with €600.7 million worth of transfer deals, respectively.

In 2019, the combined value of the three most valuable football transfers amounted to €323 million. Joao Felix’s €126 million worth transfer from Benfica to Atletico Madrid represented the biggest deal last year. Antoine Griezmann’s transfer from Atletico Madrid to Barcelona and Eden Hazard’s transfer from Chelsea to Real Madrid followed, with €120m a €100m value, respectively.

Statistics indicate the combined value of the top three football transfers in the season 2020/2021 hit €222 million, 31% less compared to last year’s three most valuable deals.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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ASUU Expects to Call Off Strike Today as More Universities Accept FG’s Offer

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The Academic Staff Union of Universities (ASUU) is expected to call off the ongoing strike later today or tomorrow following reports that most universities under the union have accepted government’s offer.

Last week, the government exempts ASUU from the controversial Integrated Payroll and Personnel Information System (IPPIS) and offered to raise Earned Academic Allowance (EAA) from N30 billion to N35 billion and the revitalisation fund from N20 billion to N25 billion.

Therefore, the Federal Government offered the union a total sum of N65 billion and IPPIS exemption to call of the strike.

While some universities like the Ahmadu Bello University Branch had accepted the offer and insisted payment should be made before the union call of the strike, the Federal University of Agriculture Makurdi (UAM) ASUU voted to continue with the strike until government implements what was offered during the negotiation.

Ezekiel Agbalagba, the Chairman of ASUU at the Federal University of Petroleum Resources (FUPRE), Delta State, said the congress accepted the EAA offer but rejected the N25 billion for the revitalisation of the universities.

However, Nigerians expect the union to call of the strike today or tomorrow after today’s meeting between the Federal Government and ASUU.

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Staff Assured of Job Security After Dissolution of LAUTECH Joint Ownership

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After the dissolution of Ladoke Akintola University of Technology (LAUTECH) by the National University Commission (NUC), the staffs of the institutions have been assured of job Security by Osun State Government “indigenes of Oyo and Osun State working in either of the two entities will retain all their rights and obligations stipulated in their letters of engagement.”

On Saturday Mrs. Funke Egbemonde, Osun State Commissioner for Information and Civic Orientation disclosed in a statement she made available to the media that, “Osun Students will not be subjected to fees or admission differentials. They will pay the same tuition fees as their Oyo counterparts”.

She said, “Government of Osun wishes to assure its citizens that the dissolution of its joint ownership of LAUTECH, following new terms of management spelled out by the National University Commission (NUC), is in no way skewed against the state.

“All workers of Osun extraction either in the College of Health Sciences and LAUTECH ceded to Osun or those in Ogbomoso are assured of job security. There will be no intimidation or discrimination against them in the discharge of their duties.

“The agreement states that indigenes of Oyo and Osun State working in either of the two entities will retain all their rights and obligations stipulated in their letters of engagements, therefore the State Government of Osun wishes to inform citizens that there is no need to fret about the dissolution, as all workers of Osun extraction are assured of the security of their jobs.

“Both Osun and Oyo states have mutually agreed that the joint ownership of LAUTECH be formally dissolved following extensive mediation by the National Universities Commission (NUC), on the need to restore tranquillity and conducive learning environment in both institutions. The decision became necessary as a result of governance and management challenges”.

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Sanwo-olu Was Misinformed; Nobody Died At The Toll Gate – Brig.-Gen Taiwo

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During the Lagos State Judicial Panel of Enquiry and Restitution for Victims of SARS abuse and other related matters on Saturday, Brig. Gen. Taiwo said that Governor Babajide Sanwo-Olu of Lagos State was misinformed about the number of casualties recorded at the protest ground.

“Sanwo-Olu misinformed; nobody died at toll-gate,” he said

This was in contradiction to the statement credited to Lagos state governor that two protesters died at Lekki toll-gate.

According to the General, the supposed death did not happen at the protest ground.

“On 20th October 2020, at about 6.30 pm, while we tried to speak with the protesters and negotiate with them, they pelted stones at us and we had to fire blank bullets at protesters”.

General Taiwo alleged that most of the pictures posted on social media were not taken on the said date.

“Any picture that you (lawyers) want to present here must be submitted for forensic test.

“No protester sustained injury or died. The two people Governor Sanwo-Olu mentioned did not die at the scene; one died on Admiralty Way, which is three kilometers away from the Lekki Toll Gate, the second person was shot at Yaba,” Taiwo said.

When asked if the General was aware of the news about the protest on any foreign media, he claimed to have seen the news from BBC and CNN but not from Al-Jazeera

“Most of the videos in play have been manipulated,” Gen Taiwo said.

“Two people fainted, not died”

When asked about the presence of Omata at Lekki toll-gate on the day of the shooting, Gen. Taiwo said Omata and Bello were assigned to secure the Lekki-Epe corridor and were supposed to meet and be on their way before the Lekki incident occurred.

Taiwo explained that the exercise was led by two senior officers Lieutenant Colonel S. O. Bello who is the Commanding Officer of 65 Division, and Brigadier General Francis Omata.

When asked by Olumide-Fusika about the purpose of General Omata joining Lieutenant Colonel Bello at the toll gate, General Taiwo said it was operational.

But the #EndSARS protesters’ lawyer disagreed.

He said: “Are you aware that Gen Omata came later to stop your men from shooting?

The officer replied: “He didn’t. He was there after the shooting had occurred. He was there to employ the non-kinetic (non-violent) measures”.

Taiwo said: “The General Officer Commanding was not in town. I called Gen Omata, he was already on ground”.

Ogunlana: “You also called Bello, why?”

Taiwo: “I was getting conflicting reports from social media and the internet. I wanted to find out what happened.

“On the internet, we were seeing videos being streamed purportedly of shootings on the ground; people screaming ‘they are killing us’ videos to that effect, so I called him.

“When the first report came in, I dismissed it. I knew nobody sent anyone to the Toll Gate….I asked him if he was anywhere near the toll gate and he said they had been stoned by hoodlums and he released some shots into the air.

“I also asked him if anybody had died as it was being reported on the internet, he replied in the negative. He had only seen two people who had fainted and they had been revived”.

As regards the shootings, the general responded to a question from Mr. Bernard Oniga, a representative of the NBA, he said that the army fired in response to the stones thrown at them.

“We shoot if pelted with stones”

“If you are being pelted with stones, the only option is gunshot. You can’t expect us to throw stones back”.

The panel ruled that following Ogunlana’s request, the facility might soon become the subject of forensic and ballistic analysis. The parties were given two weeks to conclude all analysis.

However, Mr. Olumide-Fusika claimed that there was evidence of shootings on the facilities at the toll plaza.

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