Column: The pitfalls when evaluating a successful academy– there is a holistic financial model that tells a significant story
PA Images | Jack Grealish, the Aston Villa homegrown captain celebrating a goal against Liverpool FC. Grealish is the perfect example of an academy-player where the club has not yet cashed in, and therefore the valuecreation is often overlooked when evaluating the work of the academy. To buy a player with the same level as Grealish would probably cost Aston Villa a transfer fee of £40 million.
The collective obsession with transfer fees means we will always tend to be drawn into narratives about academy productivity from a pure, tangible monetary perspective.
”But as we know”, writes Omar Chaudhuri from 21st Club, “players aren’t simply assets to be traded, and some of the most important academy players may never sell for a fee.”
Manchester United are estimated to have saved nearly £60 million in player costs thanks to the performance of their academy products last season, suggesting a significant return on their youth development investment.
9 December 2020 - 10:17 PM
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