England’s midfielder Jadon Sancho (R) celebrates with England’s striker Jack Grealish (L) after … [+] scoring their second goal during the international friendly football match between England and Republic of Ireland at Wembley stadium in north London on November 12, 2020. (Photo by Nick Potts / POOL / AFP) / NOT FOR MARKETING OR ADVERTISING USE / RESTRICTED TO EDITORIAL USE (Photo by NICK POTTS/POOL/AFP via Getty Images)

POOL/AFP via Getty Images

It’s taken six seasons, but Brexit has finally hit the Premier League. 

Following the United Kingdom’s official departure from the European Union on 1 January 2021, the changes to transfer strategies many expected finally came.

The result is a substantial shift in Premier League investment and, for the first time in a decade, the elevation of English players to the most important in Europe.

Just look at the transfer window’s biggest deals.

Three of the top five highest value deals featured Englishmen.

Manchester City spent $140 million on Jack Grealish, Manchester United took Jadon Sancho for $100 million and Ben White was Arsenal’s for $60 million.

With Danny Ings was snapped up by Aston Villa for $42 million and Tammy Abraham going to Roma for $50 million, as it currently stands, half of the top ten transfers this summer involved English players.

You have to go back to 2011 when Liverpool bought Jordan Henderson and Manchester United signed Ashley Young and Phil Jones, to find a period when English stars traded at this level. But, even then, none of those deals was anywhere near the biggest.

Of course, it could change in the coming days, Real Madrid recently had a $200 million bid for Kylian Mbappe turned down, but it is unlikely that many Englishmen will be displaced from the list by the time the window closes. 

Already over half a billion dollars has been spent on Englishmen this summer in total, which is a clear indication that habits have changed. 

The consequences of this shift by Premier League teams to home-based talent is bad news for other European leagues.

The Premier League billions 

LILLE, FRANCE – JANUARY 26: Flag with logo from Ligue 1 during the French League 1 match between … [+] Lille v Paris Saint Germain at the Stade Pierre Mauroy on January 26, 2020 in Lille France (Photo by Erwin Spek/Soccrates/Getty Images)

Getty Images

For well over a decade the Premier League has dominated the global transfer market and consistently spends more money than any other league by a distance.

The imbalance is now so pronounced only a handful of top clubs in Europe can finance a deal a moderately-sized Premier League club can afford.

This inequality might sound like a negative thing for clubs outside the world’s richest league, but it also has its benefits.

Soccer finances are poor globally and, with the ever-increasing wage inflation continually pushing up costs, it’s increasingly difficult to run a club sustainably.

For sides with modest budgets selling a star player to an English club, or even generating interest from the Premier League, can get provide a transfer fee that balances the books.

Few places are this truer than in France.

In 2019, Ligue 1 even rebranded itself the ‘League of Talents,’ perhaps a nod to the superstars assembled by Paris Saint-Germain, but it was also an acknowledgement of the consistency to which it has produced the players of the future.

From Liverpool’s Sadio Mane and Fabinho to Manchester City’s Riyad Mahrez or Chelsea’s Ngolo Kante France has an outstanding record of developing top Premier League players.

So it is of little surprise that English clubs like to go shopping there.

There have been few more popular destinations than Lille and, since 2016, the club has earned $207 million selling players to the Premier League. 

This has been a vital source of revenue for a club whose finances have been complicated.

But Lille, which has substantial debts and was handed a transfer ban by the league’s financial watchdog in 2018, won the title last year with a team built on the profits of player sales.

This summer, with Ligue 1 in increasingly bad financial shape, it sold Boubakary Soumare to Leicester City for $24 million.

But they might not be able to rely on that money from the Premier League for much longer.

English clubs’ ‘European parking’

HONG KONG – 2019/04/06: In this photo illustration the top level of the English football league … [+] Premier League logo is seen on an Android mobile device with a Brexit message in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)

LightRocket via Getty Images

For Premier League sides the European Union’s freedom of movement laws was a great tool for player recruitment. 

They enabled them to hoover up talent from across the continent and, if they had an EU passport, not worry about any issues securing the legal right to work. 

But now the points-based immigration system introduced by the UK government post-Brexit has meant players require Governing Body Endorsement (GBE). 

This is granted by an independent board who consider criteria ranging from the number of international appearances to the quality of the selling club.

For a team like Lille, that means that exceptional deals like the $100 million earned from Arsenal for Nicolas Pepe will still go ahead. But the steady $15 million transfers, like Brighton paid for Yves Bissouma or Southhampton for Soufane Boufal, may be less straightforward. 

University of Liverpool soccer finance expert Kieran Maguire believes the habits of English clubs have already changed.

“Small clubs, such as Crystal Palace, they would have been looking to recruit from Europe and now it becomes more difficult for them,” he tells me.

“They have to go through this extra set of hoops in terms of the post-Brexit restrictions imposed by the government.”

One solution to this regulatory conundrum could make the disparity between the Premier League and the rest of Europe even worse, by cutting out the selling club altogether.

Now rather than buying the players directly, English sides are looking to acquire an entire club abroad for parking talent and waiting for it to acquire the relevant GBE criteria.

“There has been talk of Leeds United’s [owner] Radrizzani buying a club in Italy,” Maguire continues. 

“Brighton’s owner also owns a club in Belgium and uses that as a sort of a parking area where if [they] can’t bring a player for the UK, he’ll go to Belgium with a view to hopefully getting the points which allow them to come. 

“I think that’s a model that the clubs are monitoring.”

Lille will hope that not too many adopt it and there remains a market for it to exploit.

Source: How Brexit Made Jack Grealish, Jadon Sancho And Ben White Worth $300 Million

 7 readers,  1 today

How Brexit Made Jack Grealish, Jadon Sancho And Ben White Worth $300 Million - Click To Share

Other recent press releases

*This is a free press release. All upgraded press releases are ad-free!

Several Members of Congress Want to Block Amazon’s Acquisition of iRobot

Several members of the U.S. Congress issued a letter to the Federal Trade Commission (FTC) over the announced acquisition of iRobot Corporation by Amazon.com Inc. Here’s why the lawmakers have concerns over the purchase. What Happened A letter recommending the FTC reject the planned acquisition of iRobot by Amazon.com was signed by some members of

 34 readers,  34 today

ESPN, ACC, SEC And Other Disney Channels Gone From DISH Network

Photo by Kevin Abele/Icon Sportswire via Getty Images.Icon Sportswire via Getty Images In a bold move, the Walt Disney DIS Company forced Charlie Ergen’s DISH Network DISH and Sling TV to pull down the signals of all of its cable networks, including ESPN ACC Network, SEC Network and a number of ABC Television stations. Typically

 26 readers,  26 today

Sweden Spellbinds Travelers With New Chilling Audio Story

The vast forests of Sweden possess both beauty and tranquility – but also drama and mystique. Sweden invites travelers to discover the country’s myth-filled forest in a spellbinding audio story written by internationally renowned author John Ajivde Lindqvist, only available in the Swedish forest. Through the short story, visitors receive an immersive experience of the

 45 readers,  45 today