As the world continues to suffer from the Corona Virus crisis, football, in particular, suffers from a forced hiatus, which could change the course of the player's transfer market to a more reasonable direction.
And recent reports expected that the stopping of football competitions around the world would lead to the loss of billions for clubs and unions, which would mean an inevitable change in the transfer market.
The transfer market witnessed terrifying inflation, particularly when Paris St Germain, the Brazilian star Neymar, was bought for 222 million euros in the summer of 2017.
And from that day on, we are witnessing astronomical numbers in the transfer market, supported by the huge deal concluded by the English Premier League clubs to sell the broadcast rights of matches, which entered each club hundreds of millions annually.
But the Corona storm came to change all of that. The upcoming financial crisis may push the transfer market to return to before 2017, when the deals were more logical.
the new World
Italian journalist Emanuele Gelanelli has indicated that we will witness a new world of football, after the end of the Coronavirus crisis.
Of course we will see less spending and fewer deals, Gilanelli said in an interview with Sky News Arabia. We are heading towards a new football, with low numbers and funds.
He added: There will be a general decline in money circulation in the world of football, and this will also affect the players’ huge salaries, which will become a distant memory.
It is too early now to assess the financial impact on the game, but the current situation has already prompted a number of officials to review their financial systems, especially small clubs, Brian Swanson, chief correspondent for Sky Sports, told Sky News Arabia.
Gelanelli emphasized this point, saying that the number of transfer deals, may continue at the same pace, and may even increase, as the number of small deals for players increases at low prices.
The Italian journalist says: Maybe the pace of transfers will continue in the same manner, and the transfers may increase, but they will be very much lower than before.
But the teams that will be hit the hardest, after the crisis, are the smaller clubs, which may collapse due to the financial crisis that will afflict the soccer world, according to Gilanelli.
The biggest problem is for the smaller clubs, which may have to give up their most prominent players, due to the financial crisis and lack of revenue. Many clubs will be forced into precious elements.
We have seen different responses in different countries, Swanson told Sky News Arabia. Some players have agreed to cut wages in the short term, and other players are waiting for their unions to reach an agreement.
In England, there is growing pressure on Premier League clubs from members of Parliament. We have seen Newcastle United, Tottenham Hotspur, Bournemouth and Brighton make separate announcements, but there has been no collective decision so far.
No Premier League club has yet announced any changes to their players ’salaries.
Players contracts
One of the most complicated matters in this crisis is the management of player contracts, especially those whose contracts expire at the end of the season, on June 30.
FIFA is studying the potential impact of postponing competitions on player contracts, after the outbreak of the Coronavirus caused a suspension of league competitions in Europe and different parts of the world.
I think all the players whose contracts will expire on June 30th, the end date of the season, will be extended to August 3, Gilanelli said.
Players who have signed up for transfer to new clubs in the summer should stay with their original clubs for a few more months, in the event that the transfer market is delayed. They are professional players and they will have to do that.
The most important question remains, who will pay the salaries of the players, if the clubs are forced to extend the contracts, with the season extended until after the summer?
Gilanelli expects that there will be a special agreement between the clubs and the European Football Association (UEFA), which will definitely provide financial assistance.
As far as player contracts are concerned, FIFA is waiting for FIFA to tell them what to do in the coming period, Swanson told Sky News Arabia.
He added: A working group from FIFA will meet in the coming days. There is an urgent need to solve this issue, as it will also have a direct impact on the dates of the transfer period this summer. The labor laws are different in every country.
Transfer market
According to Sky Sports analyses, the opening of the transfer market, as scheduled in June, holds two opposite options, which may significantly affect the future of the transfer market later.
The first possibility is to revive the club treasures, which will sell their players in order to obtain the necessary income in the midst of the crisis, helping them to stay with the rest.
The second possibility is that small clubs will be exploited by purchasing their most prominent stars at a very low price, which means that large clubs will have stars with a high price and low price.
This could put the smaller clubs in a financial bind later, as the transfer market returns to its normal prices slowly.
According to the Spanish newspaper Marca, which published the statements of a sports director in the Spanish League: The matter will touch the prices of players who have been subjected to unjustified inflation in recent years, as spending 100 million euros to include a player, regardless of his stardom, will become a scene from the past, and the story will change and will not There will be more such contracts.
The clubs that will face the most complicated problem are the clubs that have paid more than that to bring in top stars, because it will be difficult to recover that money in the foreseeable future.
Clubs need a clear and stable transfer period, which helps them in their financial planning, but as the European federations have agreed this week, the top priority is to end the season, before planning what will happen to future transfer markets, Swanson says.
Secondment
More than ever, the secondments feature overwhelmed the transfer deals last season, and it became clear that it is the next trend in the world of transfers in Europe, and this may double with the coming football crisis.
According to the Financial Times, transfers in the secondment system in 1992 represented 6 percent of the total transfers. As for this summer, loan transfers reached nearly 30 percent of the total transfers, and in the future, it may reach 50 percent.
Among the items that have become very popular among the clubs, is the loan with eligibility to purchase, which gives the club to which the player moved to the final decision to buy whether or not, after the end of the loan period.
This clause greatly relaxes the contractors, gives them a period to evaluate the player before signing with him permanently and does not obligate them to sign a huge contract that puts them under the guise of fair financial play, which is the logical orientation with the stopping of the revenue entry for clubs.
Among the most prominent of these deals is Coutinho's transfer from Barcelona to Bayern Munich, with a one-year loan for 8.5 million euros, and 120 million euros if the German champion decides to sign the player permanently next summer.
The mysterious future
With the coming changes in the soccer world, after the end of the Corona Virus crisis, it is certain that the transfer market will not be like the previous one, and we may witness a corrective path in it towards ending the astronomical price phenomenon that has rocked the soccer world in the past seasons.
Despite the upcoming football crisis, Brian Swanson says, The world of football understands that it is secondary, in terms of the global priority to save human lives.
Swanson says: At a time of a global pandemic such as this, the football world must unite. We cannot have some leagues doing things one way, and other leagues do things in other ways. There must be a steady approach. Clubs need stability, But everyone is looking for clarity in an uncertain world.
A UEFA official told me, None of us can control the matter now.
The only thing that is clear now is that everyone wants to resume soccer, once it is safe, Swanson concluded.
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