Agent Kia Joorabchian believes transfer prices this summer will drop to ‘levels of 2015-16… where an £80m deal would be UNHEARD of’ amid clubs struggling for sustainability during the coronavirus crisis
- Many top clubs are struggling financially as a result of the Covid pandemic
- Neymar’s £198million deal to PSG in 2017 saw transfer prices inflate worldwide
- But agent Kia Joorabchian believes sums will go back to that of five years ago
- Paul Pogba’s moved to Manchester Utd in the summer of 2016 for £89million
Football agent Kia Joorabchian believes this summer transfer’s window will see a reduction in prices exchanged for players due to the impact of the Covid crisis.
The summer of 2017, with Neymar’s world-record £198m move to PSG from Barcelona, triggered a dramatic increase in transfer prices worldwide – there have now been five transfers which have involved totals more than £100m.
But Joorabchian, who has the likes of Philippe Coutinho, Sergio Reguilon and Willian on his books, says the impact of the coronavirus pandemic on club finances means this year will see sums return to that of five or six years ago.
Kia Joorabchian (left) believes transfer prices will return to that of 2016, when Paul Pogba joining Manchester United (right) in a world-record deal of £89m was the highest transfer
Neymar smashed the world-record for a transfer when he moved to PSG in 2017 for £198m
‘I think the one thing that maybe occurred during Covid was that prices started to correct themselves a little bit,’ Joorabchian told The Gab & Juls show.
‘Numbers were getting quite out of control and no matter whether you had Covid or not, it was becoming very difficult for clubs to sustain themselves.
‘Everything started to lose its balance and it was getting very difficult for the market. Of course, with the effect of Covid, it became even more difficult.
‘I think what will happen is you will see activity, you will see transfers, but you will see it coming back maybe to prices around 2015-16 years.
‘An £80m deal would be unheard of but a £60m deal would be huge.’
John Stones (L) moved to Man City for £50m while Sadio Mane (R) joined Liverpool for £34m
The summer of 2016 actually saw Paul Pogba set a new world record for a transfer, following his £89m move from Juventus to Manchester United.
In the same window, John Stones made the move to Manchester City from Everton for £50m, while Sadio Mane transferred from Southampton to Liverpool for £34m.
Reports on Friday state that clubs will have to meet Borussia Dortmund’s £154m asking price if they want to sign in-demand striker Erling Haaland this summer, but the likes of Barcelona and Real Madrid are currently struggling financially.