Looking at the \u00a380m Real Madrid have paid for Ronaldo you have to ask, is it good value? Well according to the stats ,the answer on value is not clear but on “will it bring success?”, pretty emphatic.<\/p>\n
I’ve studied loads of things about football markets including some less than obvious statistics. One of these is whether buying good players pays dividends. The answer was much more emphatic that I ever expected.\u00a0 There is a very high correlation of wages paid to league position.It seems money does buy success!<\/p>\n
If you look at the 07\/08 premier league season the correlation was near 90%. This meant that the league pretty much ended up with the lower spending teams near the bottom and the higher spending teams at the top. This would have been much higher if the free spending Newcastle had performed to their expected level. The big four, not only ended up in the top four but also have the top four wage bills.\u00a0 What happened to the three teams with the lowest wage bill? Relegation.<\/p>\n
Sorry, but if your club owner doesn’t have big pockets it’s unlikely you will ever challenge those that do.<\/p>\n