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EPL English Premier LeagueMoggi Claims Transfers Will Be 30% Cheaper

Moggi Claims Transfers Will Be 30% Cheaper

Agent Alessandro Moggi claims that ‘All charges are likely to be cut by 30 per cent.’

For proof, he points toward the Mauro Icardi agreement. Inter today announced that Icardi had completed his move to Paris Saint-Germain, but this was reported for €50 m plus up to €8 m in bonuses rather than the originally agreed €70 m fee.

“Icardi had an option to buy worth €70m, but it is closed for €50m plus bonuses. I imagine all fees will likely be reduced by 30 per cent,” Moggi is quoted to say in the Corriere dello Sport. Thus, the deal is indicative of how the coronavirus pandemic will impact the transfers.

“The effects of the economic crisis on football will be violent,” warned Moggi. “All this generates a contraction of values and a tendency to exchange players rather than purchase them. That’s not to say there will be fewer moves as if anything they’ll increase, but they’ll be more cost-effective.

“Fewer big stars will leave the top clubs because they don’t want to lose value. If a player is worth €80m and you could only sell him today for €50m, you’re better off holding on for another year.”