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Money Is The Name Of The Game, Says Ferguson. - Sports - Nairaland

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Money Is The Name Of The Game, Says Ferguson. by Nobody: 9:06am On Sep 05, 2014
Money is the name of the game but the huge
sums spent on football transfers are jaw-dropping,
coaching icon Alex Ferguson said on Thursday.
Speaking two days after a wide-ranging study showed
that transfer fee inflation in Europe's top leagues has
hit 16 percent, and that his old club Manchester
United paid tens of millions of euros above market
rates for top purchase Angel di Maria, Ferguson said
that was part and parcel of the sport.
"My personal opinion is that it's never going to change, the world is progressing, and transfer fees with it, and I don't know if there'll be an end to it,"
Ferguson said after chairing two days of closed-door
talks with top coaches at the base of European football governing body UEFA.
"Fortunately, I'm not at the hub of it nowadays.
Certainly it's amazing, the amount of money spent
nowadays," said 72-year-old Ferguson, who retired in
May 2013 after 26 years as United boss.
His successor David Moyes was axed after just 10
months in charge as the club's fortunes slumped.
Former Barcelona and Bayern Munich manager Louis
van Gaal took the helm after leading Holland to third
place in the World Cup in Brazil.
The new United boss was given a green light to splash out on big name players for the 20-time English
champions, who are looking to rebuild following a
disappointing seventh-place finish last season.
The club set a British record last week by paying £59.7 million for Real Madrid midfielder di Maria.
As the transfer window closed on Monday, they made
a sensational double swoop to sign Colombia striker
Radamel Falcao on loan from Monaco and Holland
international Daley Blind from Ajax.
Blind's arrival, in a £14 million transfer, had been
expected, but the signing of prolific frontman Falcao
was a major coup for the ailing English giants.
United are reported to have agreed to pay Monaco a
fee of around €10 million to secure Falcao's services
for the season, with an option to make the deal
permanent for €55 million.
All told, they have spent around £150 million.
According to Swiss-based analysts the CIES Football
Observatory, the di Maria deal was a case-study of the
breakneck inflation on the transfer market, which far
outstrips price rises in the overall economy.
CIES said that United paid €30 million over the right price for the Argentina international.
The story was similar at French club Paris St Germain, whose fee of €62 million to bring Brazilian David Luiz from Chelsea was 29 million euros too high, CIES said.
The sum was a world record for a defender.
Real Madrid, meanwhile, paid €25 million over the odds for World Cup Golden Boot James Rodriguez, CIES said.
The Colombian moved from Monaco for €80 million.
Those deals were emblematic of the role of wealthy
clubs in stoking inflation, CIES said, noting that overall, European teams paid an average of 16 percent more than they invested in the five previous years for players with similar characteristics.
CIES examined football's "Big Five" - the English Premier League, Spain's La Liga, the Italian Serie A, Germany's Bundesliga and the French Ligue 1.
Re: Money Is The Name Of The Game, Says Ferguson. by heatmeup(f): 9:52am On Sep 05, 2014
Fit2Rule: Money is the name of the game but the huge
sums spent on football transfers are jaw-dropping,
coaching icon Alex Ferguson said on Thursday.
Speaking two days after a wide-ranging study showed
that transfer fee inflation in Europe's top leagues has
hit 16 percent, and that his old club Manchester
United paid tens of millions of euros above market
rates for top purchase Angel di Maria, Ferguson said
that was part and parcel of the sport.
"My personal opinion is that it's never going to change, the world is progressing, and transfer fees with it, and I don't know if there'll be an end to it,"
Ferguson said after chairing two days of closed-door
talks with top coaches at the base of European football governing body UEFA.
"Fortunately, I'm not at the hub of it nowadays.
Certainly it's amazing, the amount of money spent
nowadays," said 72-year-old Ferguson, who retired in
May 2013 after 26 years as United boss.
His successor David Moyes was axed after just 10
months in charge as the club's fortunes slumped.
Former Barcelona and Bayern Munich manager Louis
van Gaal took the helm after leading Holland to third
place in the World Cup in Brazil.
The new United boss was given a green light to splash out on big name players for the 20-time English
champions, who are looking to rebuild following a
disappointing seventh-place finish last season.
The club set a British record last week by paying £59.7 million for Real Madrid midfielder di Maria.
As the transfer window closed on Monday, they made
a sensational double swoop to sign Colombia striker
Radamel Falcao on loan from Monaco and Holland
international Daley Blind from Ajax.
Blind's arrival, in a £14 million transfer, had been
expected, but the signing of prolific frontman Falcao
was a major coup for the ailing English giants.
United are reported to have agreed to pay Monaco a
fee of around €10 million to secure Falcao's services
for the season, with an option to make the deal
permanent for €55 million.
All told, they have spent around £150 million.
According to Swiss-based analysts the CIES Football
Observatory, the di Maria deal was a case-study of the
breakneck inflation on the transfer market, which far
outstrips price rises in the overall economy.
CIES said that United paid €30 million over the right price for the Argentina international.
The story was similar at French club Paris St Germain, whose fee of €62 million to bring Brazilian David Luiz from Chelsea was 29 million euros too high, CIES said.
The sum was a world record for a defender.
Real Madrid, meanwhile, paid €25 million over the odds for World Cup Golden Boot James Rodriguez, CIES said.
The Colombian moved from Monaco for €80 million.
Those deals were emblematic of the role of wealthy
clubs in stoking inflation, CIES said, noting that overall, European teams paid an average of 16 percent more than they invested in the five previous years for players with similar characteristics.
CIES examined football's "Big Five" - the English Premier League, Spain's La Liga, the Italian Serie A, Germany's Bundesliga and the French Ligue 1.
who says money don't win games ask man city,barcelona,real madrid,even atletico sef don spend dis season.even in football manager sef you need money to maintain your nurtured talents

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