Top6 spends analysed by MV 13/14 onwards

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So I've given the spends for top 6 elsewhere.
Income from Sales, Expenditure on acquisitions and net.

Following on from that, I've totted up the market value of those transferred players to see a bit more of the reality. I've converted figures to euros from pounds. €1 = £0.86. I've rounded to the closest million.

You can disagree with the market valuation of players, its not unreasonable. These MV's are cited from Transfermarkt.

LFC
● Earnt €800 mill from player sales valued at €1,315 mill.
Recouping 61% of their value
● Spent €1,298 mill on €1,591 mill of players.
For €1 spent, we signed €1.23 euros of player.
● for our net spend of €498 mill - our net gain in MV was €276m
55% effective by MV

Spurs
● Earnt €713 mill from player sales valued at €1,589 mill.
Recouping 45% of their value
● Spent €1,265 mill on €1,793 mill of players.
For €1 spent, they signed €1.42 euros of player.
● for their net spend of €553 mill - their net gain in MV was €204m
37% effective by MV

Manc
● Earnt €798 mill from player sales valued at €1,683mill.
Recouping 47% of their value
● Spent €1,974 mill on €2,220 mill of players.
For €1 spent, they signed €1.12 euros of player.
● for their net spend of €1,176 mill - their net gain in MV was €537 m
46% effective by MV

Manu
● Earnt €504 mill from player sales valued at €1,362 mill.
Recouping 37% of their value
● Spent €1,864 mill on €2,034 mill of players.
For €1 spent, they signed €1.09 euros of player.
● for their net spend of €1,360 mill - their net gain in MV was €672 m
49% effective by MV

Arse
● Earnt €417 mill from player sales valued at €1,494 mill.
Recouping 28% of their value
● Spent €1,407 mill on €1,920 mill of players.
For €1 spent, they signed €1.36 euros of player.
● for their net spend of €991 mill - their net gain in MV was €425 m
43% effective by MV

Cfc
● Earnt €1,347 mill from player sales valued at €3,270 mill.
Recouping 41% of their value
● Spent €2,499 mill on €3,684 mill of players.
For €1 spent, they signed €1.47 euros of player.
● for their net spend of €1,152 mill - their net gain in MV was €406 m
35% effective by MV

Conclusions:

Lfc the best at selling. Even though we've just lost a fair few on freebies.

Cfc get best bang for buck in buying. An area we could improve.

Lfc's net spending most effective per euro. This shows we are the best at transfers by net spending.

I'll have a check on these tomorrow evening. Bit pressed for time.

Limitations
Now MV is not a perfect measure.
It can rise and drop sharply.
It can be impacted by expected transfers to come soon.

Like Caicedo for example.
https://www.transfermarkt.com/moises-caicedo/profil/spieler/687626

He was bought for £4mill by brighton now reported on Transfermarkt as €28.2 mill probably due a sell on clause for Chelseas €116 mill.
In terms of market value when Brighton bought him he was valued at €5 mill. When Chelsea bought him he was valued at 90 mill. Obviously his market value rose drastically after one season.
6 mill in summer 22 -> 90 mill summer 23. Now maybe Caicedo turns out to hold his value.

But with Anthony for example he joined united for 95 mill.
He was valued at 35 mill in summer 22 at Ajax, he was valued at 75 mill when untied signed him and he's now valued at 35 mill.

Market values above are based on point of sale.
Salah for example we signed for 42 mill and he was valued at 40 mill. So we overpaid for Salah by MV. He did reach a 200 mill valuation thereafter and is now valued at 65 mill - age related.

Whereas Ronaldo was signed for 17 mill by manu more recently when valued at 35 mill. So Ronaldo was a better purchase than Salah by this means. Manu saved more money, but nobody really thinks ronny was a better value buy in 2021 than salah in 17/18.
Even freebie Matip outperforms Salah this way.

To track the valuations after purchase, well I can't be arsed. Too much effort, and not sure how.

Another consideration is wages offered when signed if you want to include them, that would be reasonable.
Again, can't be arsed and wages aren't exactly detailed in the accounts and media reports have a bit of a range.
I'd speculate united have done worst on wages of players bought, and of course cities financial reporting is very suspect.
Sterling took a small pay cut at city by reported figures when at the height of his powers. Which is highly unusual.... and they've never lost a star to bigger wages elsewhere. Cities players have been very loyal... or maybe tied up..

Anyway that's the figures I have to compare actual spending with market value estimates.

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https://www.transfermarkt.com/fc-chelsea/transfers/verein/631/saison_id/2023

This shows Chelseas summer 23 window - I've just added them up since 13/14 season.

Here Chelsea
● Earnt €269.4 mill from player sales valued at €482.6 mill.
Recouping 55.8% of their value
● Spent €467.8 mill on €517.75 mill of players.
For €1 spent, they signed €1.11 euros of player.
● for their net spend of €198.4 mill - their net gain in MV was €35.15 m
17.7% effective by MV

For our net spend of €111.3 mill, our net gain in MV was €44.7 mill.
40.2% effective

We added more value than Chelsea for less net spend.