According to German-based website transfermarkt, the values of Premier League squads have dropped by more than £1.6billion as a result of the coronavirus shutdown.
They have constructed a method to work out the scale of the damage, devaluing players born in 1998 or later by 10 per cent and the rest – up to a lower limit of €300,000 (£260,000) – by 20 per cent.
That means the top four leagues in England are facing a staggering loss of £1.8bn in transfer values.
Of that figure, the 20 Premier League clubs are responsible for £1.6bn, a staggering loss of just under 20 per cent of their players' value.
Transfermarkt founder Matthias Seidel painted a bleak picture in his analysis, commenting: '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.
'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.'
TEAM | VALUE ON APRIL 1 | VALUE ON APRIL 15 | PERCENTAGE LOSS |
---|---|---|---|
Manchester City | £1.14bn | £917m | -19.7% |
LiverpooL | £1.08bn | £870m | -19.1% |
Tottenham | £777m | £629m | -19.1% |
Chelsea | £746m | £612m | -18.0% |
Manchester United | £719m | £582m | -19.0% |
Arsenal | £636m | £521m | -18.0% |
Everton | £454m | £367m | -19.2% |
Leicester | £454m | £363m | -20.0% |
Wolves | £329m | £267m | -18.9% |
West Ham United | £317m | £259m | -18.3% |
AFC Bournemouth | £302m | £243m | -19.5% |
Newcastle United | £277m | £222m | -20.0% |
Aston Villa | £243m | £196m | -19.1% |
Watford FC | £210m | £173m | -17.6% |
Brighton & Hove Albion | £205m | £166m | -19.1% |
Southampton FC | £201m | £164m | -18.5% |
Crystal Palace | £193m | £155m | -20.0% |
Burnley FC | £176m | £143m | -18.9% |
Norwich City | £141m | £119m | -15.3% |
Sheffield United | £143m | £118m | -18.0% |
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