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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.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Israeli Troops Take Control of Rafah Border Crossing Amidst Ceasefire Talks

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Israeli troops took control of the Rafah border-crossing area in Gaza on Tuesday morning, with Hamas saying all aid flows from Egypt had stopped.

The army has halted “the movement of people and aid completely,” the Hamas-run crossing authority said in a statement. Soldiers replaced Palestinian flags with Israeli ones.

It’s the first time Israel’s army has moved into the area since the war with Hamas began in October.

Israeli Military Tells About 100,000 People to Leave Eastern Rafah

Palestinians sheltering in Rafah were told Monday to move to an “expanded humanitarian area”.

The border is the main entry point for aid into Gaza, and the Palestinian territory’s only crossing aside from those with Israel. The US has been urging Israel for weeks to allow more food and other supplies into Gaza, parts of which the United Nations says are on the verge of famine.

The movement of troops came a day after Israel told residents in parts of eastern Rafah to leave immediately ahead of a possible attack on the city.

Most Arab and many European states have said Israel should not attack Rafah, fearing it would cause mass casualties. Prime Minister Benjamin Netanyahu says Rafah is the last bastion of Hamas, with about 5,000 to 8,000 of its fighters and senior leaders lodged in the city, as well as many Israeli hostages.

Cease-fire talks between the two sides continue to drag. Hamas said on Monday night it had accepted a proposal from mediators Egypt and Qatar. Israel rejected it, saying it contained demands the Jewish state cannot accept.

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Israel Calls for Evacuation of Rafah Amid Threat of Assault

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Rafah, Gaza, Palestine

Israel called on civilians to evacuate parts of Rafah on Monday in what appeared to be preparation for a long-threatened assault on Hamas holdouts in the southern Gaza Strip city where more than a million war-displaced Palestinians have been sheltering.

Instructed by Arabic text messages, telephone calls, and flyers to move to what the Israeli military called an “expanded humanitarian zone” 20 km (7 miles) away, some Palestinian families lumbered out under chilly spring rain, witnesses said.

Israel’s military said it had begun encouraging residents of Rafah to evacuate in a “limited scope” operation. It gave no specific reasons, nor did it say if any offensive action might follow.

Seven months into its war against Hamas, Israel has been threatening to launch incursions in Rafah, which it says harbours thousands of Hamas fighters and potentially dozens of hostages. Victory is impossible without taking Rafah, it says.

The prospect of a high-casualty operation worries Western powers and neighbouring Egypt, which is trying to mediate a new round of truce talks between Israel and Hamas under which the Palestinian Islamist group might free some hostages.

The Rafah plan has opened an unusually public rift between Israel and Washington. Speaking to his U.S counterpart, Israeli Defence Minister Yoav Gallant linked Monday’s operation to the deadlock in indirect diplomacy, which he blamed on Hamas.

“During their discussion, Gallant discussed the efforts undertaken to achieve the release of hostages and indicated that at this stage, Hamas refuses the frameworks at hand,” the Israeli Defence Ministry said in a statement.

“Gallant emphasized that military action is required, including in the area of Rafah, at the lack of an alternative,” it added On Monday, the Israeli military called on Palestinians in eastern parts of Rafah to move to a nearby “humanitarian area”, saying it would “encourage … the gradual movement of civilians in the specified areas”.

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Paystack and Africa World Airlines Team Up to Enhance Passenger Experience

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Paystack - Investors King

Paystack, a leading financial technology company specializing in payment processing services, has announced a strategic partnership with Africa World Airlines (AWA), a prominent regional carrier operating in West Africa.

This collaboration unveiled through a joint statement by Jonathan Appiah, the Head of Commercial at Africa World Airlines, and Shola Akinlade, the Co-founder and CEO of Paystack, heralds a new era of convenience and efficiency for air travelers within the region.

The partnership aims to streamline the flight booking and payment process, offering passengers an array of seamless payment options tailored to their preferences.

With the integration of Paystack’s advanced payment gateway, passengers flying with Africa World Airlines can now enjoy hassle-free transactions, enhancing the overall travel experience.

Jonathan Appiah expressed excitement about the partnership, emphasizing AWA’s commitment to providing its customers with exceptional service.

He highlighted that the collaboration with Paystack allows AWA passengers in Ghana, Nigeria, and beyond to benefit from diverse payment methods, including card, mobile money, Apple Pay, bank transfers, USSD, PayAttitude, and QR codes.

“We are thrilled to partner with Paystack to offer our passengers a more convenient and streamlined booking and payment experience,” said Appiah. “At AWA, we are constantly seeking ways to enhance the overall travel experience for our customers, and we believe that this partnership with Paystack will significantly contribute to achieving that goal.”

Shola Akinlade, echoing similar sentiments, expressed Paystack’s enthusiasm for the collaboration, highlighting the company’s dedication to making the booking process accessible and inclusive for travelers across the region.

“We are excited to partner with Africa World Airlines to provide passengers with a convenient and reliable payment experience,” stated Akinlade. “By offering a variety of payment options, we aim to make the booking process more accessible and inclusive for travelers across the region.”

The joint efforts of Paystack and Africa World Airlines signify a commitment to innovation and customer-centric solutions in the aviation industry. As air travel continues to evolve, partnerships like these pave the way for enhanced passenger experiences and greater convenience in the skies of Africa.

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