City squad value drops £37m during coronavirus lockdown
PUBLISHED: 09:43 23 April 2020 | UPDATED: 12:11 23 April 2020
Norwich City’s estimated total squad value has shrunk by nearly 25% to £119m in figures published by leading football statistics site, transfermarkt.
The German-based media portal produced a coronavirus impact breakdown on the industry which warns the entire Premier League as a whole will see a contraction of £1.65billion in the market values of players when the game eventually resumes.
“The stock market prices collapsed, many clubs could be threatened by insolvency and transfer plans came to a standstill for most clubs because of the many uncertainties,” said transfermarkt founder Matthias Seidel. “At the moment, it is difficult to imagine that transfer fees will continue to rise as they have in previous years in the foreseeable future.”
According to the well-established specialist in transfer analytics City’s first team squad was valued at £156m in March 2020 but that figure has now dropped to £119m, with Todd Cantwell and Max Aarons the Canaries’ most saleable assets, valued at £18m each by transfermarkt. Although the site appears to offer no valuation for highly-rated Republic of Ireland Under-21 international Adam Idah in Daniel’s Farke first team squad.
That reported figure for Aarons contrasts sharply with a separate study from football think tank, CIES football observatory, published in March which bracketed the highly-rated England Under-21 international around the £40m mark.
Emi Buendia’s value has dropped (£13m) and it is a similar story for the likes of other young Norwich talents Ben Godfrey and Jamal Lewis (£10m each), according to transfermarkt.
Brighton owner Tony Bloom outlined last weekend he expected a negative impact on player transfer values when the sport does return following a global pandemic.
Former Tottenham and Liverpool director of football, Damien Comolli, has also predicted the next window will see minimal trading, with any transfer business undertaken likely to involve vastly deflated fees and financial packages.
Professional football in England remains suspended and will only return when it is deemed ‘safe to do so’, in consultation with the government and public health bodies.
Should the current season not restart in the coming months, the financial losses for City and other Premier League clubs - in terms of commercial deals, matchday income, ticket refunds and broadcast revenue - are expected to run into tens of millions of pounds for each top flight operation.