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European football clubs create higher value when they invest more in their current players than in new ones

Looking at the 69 most valuable European football clubs over the past five years, we’ve found that they can increase their financial value by developing their current players or investing in new ones. More than 70 percent of the clubs gained more value from developing existing players (or using strategic “team-value management”).

The contribution of team-value management versus net investment differs significantly from club to club.
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To read the article, see “The value pitch: The importance of team value management,” September 3, 2020.