Barcelona/Manchester September 8th 2014 SOCCEREX TRANSFER REVIEW 2015

1. Technical sheet 2. Summer transfers window 2014/15 3. Squads review

4. FC Barcelona & Real face to face

5. Conclusions

6. Annexes

2 ABOUT SOCCEREX TRANSFER REVIEW

Soccerex Transfer Review by Prime Time Sport provides since 2009 (originally established as Football Transfer MISSION Review) relevant data and insightful and independent analysis on the variables that influence squad designs and player transfers at main European Clubs

• 2 releases published every year, related to Summer and Winter transfer windows • The objective is to combine the available data in a way that helps to CONTENT come-up with insightful analysis, rather than the publication of the information itself • Addressed to both football industry professionals and those that follow it with special interest

3 TECHNICAL SHEET

• Data included refer to main division of English , Spanish La Liga, Italian Serie A, German Bundesliga and French • Transfer figures include guaranteed amounts only • It includes player transfers that took place until September 1nd 2014 • Player loans with purchase obligation are accounted as a transfer at the time of effective player exit • Transfer figures are gross of agent fees or revenue share with other stakeholders SPECIFICATIONS • It is considered that teams where players are landing have paid for transfer fees, regardless of the participation of other investors • Loan fees not included unless really relevant (ie Falcao to Manchester United) • transfer has been updated to 65 mio€ (added 8mio€ described as first option on other Santos players) • Squads review includes only players registered as first team members • Sign-up means new player arrivals (not total number of registered players) and Exit means players leaving a team (either on loan or on contract expiration)

• Director: Esteve Calzada • Head of content: Bruno Batlle TEAM • Coordinator: Aleix Piqué • Analyst: Jordi Ratera

4 SOCCEREX TRANSFER REVIEW 2015

1. Technical sheet 2. Summer transfers window 2014/15 3. Squads review La Liga

4. FC Barcelona & Real Madrid face to face

5. Conclusions

6. Annexes

5 SOCCEREX TRANSFER REVIEW 2015

1. Background 2. European football 3. La Liga

6 BACKGROUND

 UEFA’s Financial Fair Play completed first 3 year analysis cycle and resulted in sanctions to a number of teams. PSG and Manchester City reached an agreement with UEFA and accepted a series of penalties

 Some leagues have implemented additional and even more strict financial control on the teams. At Spanish La Liga, for example, all sides have to submit and get approved their expenses budget and all player deals

 This summer transfer window has been significantly influenced by the squad renovation of 2 European giants: Manchester United and FC Barcelona

 In addition to sporting needs, FC Barcelona had to anticipate new player signings as a result of FIFA ban for the next 3 transfer windows

 Second year of lucrative TV contracts at English Premier League which increased purchasing capacity of its sides by more than 50% vs previous 3 year cycle

 Debate in place on role and regulation of investment funds and 3rd party player rights ownership (forbidden in certain high profile leagues such as English Premier League)

 Great Britain pound increased its value vs Euro in 8% compared to last year’s summer transfer window

7 SOCCEREX TRANSFER REVIEW 2015

1. Background 2. European football 3. La Liga

8 PLAYER ACQUISITION SPENDING-TOP 5 EUROPEAN LEAGUES

Mio€ +3,5%

2.162 2.238 1.838 1.723 1.544 1.321

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

Combined investment of top 5 European Leagues at summer transfer window reached 2,2bio€, in line with record high levels of last year and as a result of diverse trends in different countries

9 PLAYER ACQUISITION SPENDING-TOP 5 EUROPEAN LEAGUES

Mio€ +41% 1028 2010/11 2011/12 2012/13 2013/14 2014/15

731 617 +26% 553 500 465 435 -25% 396 402 +6% 375 360 335 327 302 -64% 262 258 274 238 226 194 128 157 151 140 134

Premier League has become the driving force of European football by surpassing 1bio€ in players spending, +41% vs last year and record high ever. La Liga is back to top 2 with 500mio€ spent. Also Bundesliga reached record high figures. Financial Fair Play and difficulty to generate income severely hits Serie A and Ligue 1

10 % OF TOTAL INVESTMENT BY TOP 4 IN EACH LEAGUE

Mio€ 88,5% 76,2%

58,0% 53,3% 45,0%

FC Barcelona PSG B. Dormund M.United AS Roma Real Madrid AS Mónaco B. Munich Liverpool Juventus At.Madrid O.Marsella B.Leverkusen Chelsea Torino Valencia Stade Rennais Hamburgo Arsenal Udinese

Investment was led by teams with high revenue generation potential and significant income from selling the best players. 7 European teams invested more than 100mio€ and accounted for 42% of total investment in Europe. La Liga stays as most monopolized European league with 4 teams accounting for 88,5% of total investment

11 PLAYER SALES-TOP 5 EUROPEAN LEAGUES

+215% Mio€ 563 +7% 2010/11 2010/12 2012/13 2013/14 2014/15 512 480 438 410 365 336 -34% 299 287 290 261 269 272 -3% -4% 228 221 200 192 187 183 176 152 164 141 128 135

Premier League lead the sales ranking for the first time cashing-in more than half bio€ (563), its highest level ever and doubling last year’s. La Liga confirms its selling profile and also reaches record amount (512mio€)

12 NET SPENDING-TOP 5 EUROPEAN LEAGUES

2010/11 2011/12 2012/13 2013/14 2014/15 Mio€ 470 465

318

248 217

147 103 82 58 58 70 62 42 16 23 27 30

-8 -12 -30 -24 -36 -55 -84 -87

Premier League dominance becomes even stronger when deducting income from player sales, with a net investment of still 462mio€, more than 6 times than runners-up Bundesliga (82mio€). La Liga had negative investment for 3rd consecutive season and Ligue1 became again a selling league

13 # OF PLAYER SIGNINGS-TOP 5 EUROPEAN LEAGUES

Nº. of players 324

79 Loans Signings 188 172 29 135 68 121 245 15 29 120 143 120 92

940 players were signed at summer transfer window, with Italian Serie A showing again the highest number. Loan format continued to gain popularity

14 # OF PLAYER EXITS-TOP 5 EUROPEAN LEAGUES

Nº. of players 643

Loans 385 Signings 324

117 206 179 172 70 40 258 49 207 136 139 123

# of exits confirms Serie A as the league with highest players circulation. Premier League reaches highest number ever of players on loan

15 NET # SIGNINGS VS EXITS-TOP 5 EUROPEAN LEAGUES

Nº.of players

-18 -38 -37 -54 -56 -58 -54 -56 -54 -50 -59 -55 -48 -75 -66 -94 -115 -113 -115 -152

-250 -247 -242 -285 -319

2010/11 2011/12 2012/13 2013/14 2014/15

For the 5th consecutive season all leagues experimented a net players reduction as teams continue to optimize squad wages costs

16 TOP 10 SPENDING RANKING

Mio€

196

157 149 120 105 104 102 73 66 60

M.United FC Barcelona Liverpool R.Madrid At.Madrid Chelsea Arsenal Southampton M.City Valencia

Manchester United spent more than ever (196mio€) to top European ranking on determination to improve pitch performance. FC Barcelona, Liverpool, Atlético, Chelsea and Arsenal also reached a spending record high in their history. 7 of top 10 spending sides sold players for 60mio€ or more

17 TOP 10 SPENDING RANKING 2013/14

Mio€

183 166 122 111 107 87 78 67 67 66

R.Madrid AS Monaco Tottenham PSG M.City Napoli Chelsea D.Moscow Shakhtar D. AS Roma

18 TOP EUROPEAN TEAMS SPENDING RANKING

Mio€

2012/13 2013/14 2014/15 196 183 157 147 120 111 100 104 102 107 78 65 65 64 66 7062 52 4345 50 50 43 34 33 34 30 32 2426 29 12 10

ManU led the spending ranking after 2 years of quiet activity. FC Barcelona gets back to the top after major squad renovation. PSG not in the top positions for the first time since sold to Qatari Royal family

19 EUROPEAN ELITE HISTORICAL SPENDING RANKING

Mio€

265

196 183 177 158 157 150 147 146 145

09/10 14/15 13/14 01/02 03/04 14/15 04/05 12/13 01/02 10/11

ManU investment becomes second largest in football history. 2 of top 10 highest investments ever took place this summer

*Winter window transfers not included 20 TOP 5 SPENDING CLUBS IN EACH LEAGUE

Mio€

FC Barcelona 157,3 Manchester United 196,0 AS Roma 49,8 Real Madrid 120,0 Liverpool 149,4 Juventus 34,3 At.Madrid 105,1 Chelsea 103,7 Torino 26,0 Valencia CF 60,0 Arsenal 101,7 Udinese 25,7 Sevilla FC 21,0 Southampton 73,2 Hellas Verona 22,4

Borussia Dormund 54,1 PSG 49,5 Bayern Munich 50,1 AS Mónaco 24,0 Bayern Leverkusen 28,1 O.Marsella 20,5 Hamburgo 26,5 Stade Rennais 8,2 Hoffenheim 19,2 Lorient 5,0

21 ACCUMULATED 6 YEAR SPENDING OF TOP TEAMS

Mio€

731

615

500 435 420 406 308 288 277 207 153

Real Madrid continues to be the team with highest accumulated investment during last 6 years. FC Barcelona (500mio€) joins top 3 after major squad renovation

*Winter window transfers not included 22 TOP 10 TEAMS IN PLAYER SALES INCOME

Mio€

120 113 97 94 92 80 79 77 73 62

Southampton R.Madrid AS Monaco Chelsea Liverpool Porto FC Barcelona At. Madrid Benfica M.City

Southampton was the shocking European leader in player sales income with 120mio€, 3rd highest in football history. Financial Fair Play forces top teams to sell high profile players and thus teams like Real Madrid (113mio€), Chelsea (94), Liverpool (92), FC Barcelona (79) & Atlético (77) and Manchester City (62) all achieved historical record high income from player sales

23 TOP 10 TEAMS IN PLAYER SALES INCOME 2013/14

Mio€

140 128 105 104 82 78 74 71 68 45

Anzhi Tottenham Roma R.Madrid Sevilla At.Madrid Porto Napoli Shakhtar D. Lille

24 TOP EUROPEAN TEAMS PLAYER SALES RANKING

Mio€

113 104 2012/13 2013/14 2014/15 94 79 69 62 56 49 41 39 39 37 35 28 29 29 24 22 16 17 16 11 12 10 9 7 6 3 0 0 0 3 2

Real Madrid repeated as the team with highest income from player sales among the top ones. Chelsea and FC Barcelona complete the top 3

25 EUROPEAN ELITE HISTORICAL SALES RANKING

Mio€

136

113 104 103 100 94 89 84 84 79

01/02 14/15 13/14 09/10 02/03 14/15 09/10 09/10 06/07 14/15

For second year R.Madrid leads the players sales ranking reaching the 2nd position. Chelsea and FC Barcelona sales this summer allow them a position in the Top-10 ever

*Winter window transfers not included 26 TOP EUROPEAN TEAMS PLAYER SALES RANKING

Mio€

Real Madrid 112,5 Southampton 119,5 Torino 35,6 FC Barcelona 79,4 Chelsea 94,1 AS Roma 28,9 Atlético Madrid 77,0 Liverpool 91,7 Milan 28,5 Sevilla FC 50,6 Manchester City 62,2 Hellas Verona 26,7 Valencia CF 47,3 Manchester United 39,2 Juventus 22,3

Bayern Munich 49,4 AS Mónaco 89,5 Hamburgo 24,2 Stade Rennais 20,5 Freiburg 18,6 O.Marsella 16,5 Bayern Leverkusen 18,1 Montpellier 15,9 Herta Berlin 18,0 Lille 14,4

27 ACCUMULATED 6 YEAR PLAYER SALES OF TOP TEAMS

373 Mio€

229 222 218 209 181 176 152 138 130

39

Real Madrid gets reconfirmed as the most active team in the market, toping 6 year both accumulated investment and player sales

*Winter window transfers not included 28 TOP EUROPEAN TEAMS NET INVESTMENT RANKING

Mio€

2012/13 2013/14 2014/15

157 144 90 98 86 78 82 75 79 70 54 48 40 34 33 3337 36 22 21 12 10 7 8 4 4 1 10

-13 -5 -9 -17 -45

Manchester United also tops European ranking of net investment (157mio€ after deducting income from sales), followed by Arsenal (86) and FC Barcelona (78). Italian teams continue to lose investment power

29 ACCUMULATED 6 YEAR NET INVESTMENT OF TOP TEAMS

Mio€

439 381 358 283 278 225 170 170 147

-11 -76

*Winter window transfers not included 30 EUROPEAN CLUBS RANKING IN # OF SIGNINGS

Players

35

25 25 24 20 19 18 18 17 17

Parma Hellas Chievo Cesena Rayo Juventus Udinese Torino Genoa Empoli Verona Verona

Italian clubs remain most active sides in terms of players circulation (number of player arrivals and exits)

31 EUROPEAN CLUB RANKING IN # OF EXITS

Players

115

42 41 40 38 34 33 33 32 30

Parma Inter Juventus Chievo Atalanta AC Milan Udinese Sampdoria Hellas Napoli Verona Verona

32 TOP 10 MOST EXPENSIVE PLAYERS 2014/15

Mio€

81 80 75

50 43 40 38 38 36 35

L.Suárez James Di María D.Luiz A.Sánchez Mangala D.Costa Shaw A.Herrera Lukaku

Luis Suárez signing by FC Barcelona for 81mio€ was the most expensive of the summer, followed by James (80) and Di Maria (75). Di Maria signing for ManU established a new Premier League record. All most expensive moves involved La Liga or Premier League clubs either selling or buying

33 TOP 10 MOST EXPENSIVE PLAYERS 2013/14

Mio€

101

65 65 60 45 45 40 39 38 37

Bale Neymar Cavani Falcao Özil James Fernandinho Illarramendi Willian Higuaín Götze

*Winter window transfers not included

34 TOP 5 MOST EXPENSIVE PLAYERS IN EACH LEAGUE

Mio€

Luis Suárez 81 Di María 75 Iturbe 22 James 80 Alexis Sánchez 43 Morata 20 Kroos 30 Mangala 40 Iturbe 15 Griezmann 30 38 Manolas 13 Negredo 29 Shaw 38 9

Benatia 26 David Luiz 50 Immobile 19 Abdennour 13 Calhanoglu 15 Bakayoko 8 X.Alonso/Ginter/Bernat 10 Batshuayi 6 Adrián Ramos 9 Alessandrini/Dória 5

35 RANKING MOST EXPENSIVE TRANSFERS EVER

Mio€

101 94 81 80 75 72 66 65 65 65

Bale C.Ronaldo L.Suárez James Di María Zidane Ibrahimovic Kaka Cavani Neymar

Half of the top 10 most expensive transfers ever have been made by Real Madrid and 3 by FC Barcelona. 3 of the top 10 transfers took place this summer (L.Suárez, James and Di Maria)

36 SOCCEREX TRANSFER REVIEW 2015

1. Background 2. European football 3. La Liga

37 TOTAL PLAYER ACQUISITION SPENDING- LA LIGA

Mio€ +26%

500 470 396 360 270 262

128

2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

La Liga BBVA spent 500mio€, up 26% vs previous summer. Reinvestment after highest sales ever and major squad changes at FC Barcelona, Real Madrid, Atlético (that joins the elite), among key reasons

38 PLAYER ACQUISITION SPENDING- LA LIGA

Mio€

500 470 2009/10 396 2010/11 360 2011/12 262 2012/13 245 223 2013/14 128 148 2014/15 94 111 65

Total Liga Liga excl. FCB & RM

Signings by FC Barcelona and Real Madrid account for 55% of La Liga total, down from 62% in 2013/14. Atlético irruption (21% of total), the main reason

39 NEW PLAYERS SPENDING BY TEAM

Mio€

183 2012/13 157 2013/14

120 2014/15 105

65 60

33 30 33 34 23 21 14 13 1612 12 15 6 6 6 1 4 3 4 3 5 3 1 2 3 1 3 1 1 1 1 1

FC Barcelona, Real Madrid, Atlético and also Valencia account for 88% of La Liga investment. 5 teams did not spend any money and 12 spent 3mio€ or less

*Data not included for seasons in which team not at Liga BBVA 40 TOP 10 ON 6 YEAR ACCUMULATED INVESTMENT

Mio€

731

500

241 163 117 80 69 31 31 23

Real Madrid FC Barcelona Atletico Valencia Sevilla Malaga Villarreal Athletic Getafe Granada

Real Madrid tops the ranking of total La Liga players investment of the last 6 years. Real Madrid and FC Barcelona account for 58% of total investment

41 TOP 10 MOST EXPENSIVE PLAYERS 2014/15

Mio€

81 80

30 30 29 20 18 18 16 16

L.Suárez James Kroos Griezmann Negredo Mathieu Mandzukic Rakitic Cerci Oblak

L.Suárez and James signings joined top 10 of most expensive signings ever. 9 of top 10 signings in Spain were made by Real Madrid, FC Barcelona or Atlético de Madrid

42 TOP 10 MOST EXPENSIVE PLAYERS 2013/14

Mio€

101

65

39 30

10 8 8 8 7 7

Bale Neymar Illarramendi Guilavogui Beñat Pabón Gameiro Bacca Alderweireld Baptistao

43 TOTAL VALUE OF PLAYER SALES- LA LIGA

Mio€ +7%

512 480

286 290 245 183

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

La Liga reaches a record high income from players sales, surpassing half bio€ and growing 7% to 512mio€

44 PLAYER SALES BY TEAM

Mio€

113 104 2012/13

2013/14 82 79 7877 2014/15

51 47 45 42 39 40 39 36 37 28 30 29 21 18 13 10 12 8 7 8 7 4 4 6 6 6 5 1 2 1 3 1 3 2

Top teams forced to sell some of their best players to spend on new top players. As a result, FC Barcelona, Real Madrid and Atlético hit record players income numbers. Sevilla, Valencia and sold again their marquee players.

45 *Data not included for seasons in which team not at Liga BBVA TOP 10 ON 6 YEAR ACCUMULATED PLAYER SALES

Mio€

375

300 262 225 173

101 84 76 74 69

Real Madrid At.Madrid Valencia FC Barcelona Sevilla Villarreal R.Sociedad At.Bilbao Málaga Getafe

Real Madrid also tops combined player sales ranking of the last 6 summers. FC Barcelona still out of player sales top 3 despite their record amount this summer. Atlético and Valencia become usual suspects

46 PLAYERS TRADING ATLÉTICO 2004-2015

Mio€ 84,5 81,9 78,0 SIGNINGS 51,5

21,5 19,0 7,0 3,5 9,9 0,0 3,3

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

105,1 81,5 75,0 SALES 54,1 33,0 26,5 25,0 22,8 11,3 8,3 1,0

Atlético de Madrid has sold players for 300mio€ during last 6 years, well ahead the majority of top teams. Considering investment in new players (241mio€), it has participated in transfer for more than half bio€ in the last 6 years

47 PLAYERS TRADING ATLÉTICO SUMMER 2014

105 Mio€ Velázquez 2,6 Loan fees for 6mio€: Moyà 3 Shared at 50% Guilavogui 4 Siqueira 10 Toby 2 Manquillo 1 Jiménez 10,5 77 Atlético pays 7,5mio€ for 5 Asenjo Cerci 15 50%. Rest shared with 6 Roberto investors 11 Adrián Oblak 16

Atlético pays 9mio€ for 17 Filipe Luis 50%. Rest shared with Manduzkic 18 investors

17mio€ net for club. 38 Diego Costa Griezmann 30 Rest (55%) to investors

Signings Sales

Atlético is pioneer and proactive in of players trading with support of 3rd party investors. Mandzukic and Cerci where both bought 50/50 with other investors and net Diego Costa income was 17mio€, as rest (21mio€) was recuperated on significant profit by investors

48 SALES ABROAD OF NATIONAL PLAYERS

Mio€

166 139 115

74 79 57 47 17

2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

Spanish players exports grew for 5th consecutive season (19% to 166mio€), the highest amount ever. La Liga sides have become “producers” of players for other leagues

*It includes sales from la Liga BBVA and Liga Adelante 49 TOTAL NET SPENDING- LA LIGA

€Mio

225

70

-24 -12 -55 -84

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

The highest ever sales at La Liga resulted in a negative net investment of 12mio€, La Liga is confirmed as a “selling” type of league

50 NET PLAYERS SPENDING BY TEAM

€Mio

77,9

25,1

12,7 7,5 4,5 1,0 0,5 0,2 0,0 0,0

-3,0 -3,1 -3,3 -6,0 -6,0 -9,2 -16,7

-29,6 -33,2 -35,0

FC Barcelona clearly lead net investment ranking after its squad renovation. 12 of 20 teams could not reinvest their income from players sales

51 NET PLAYERS SPENDING BY TEAM 2013/14

€Mio

79,0

37,0

15,3 10,0 2,8 0,2 0,0

-0,9 -1,0 -3,0 -4,0 -6,1 -7,0 -11,7 -12,8

-27,3 -33,5 -36,0 -45,0 -48,0

52 # OF SIGNINGS- LA LIGA

Nº of players 188

155 147 Signings 0€ 72 126 134 Loans 122 39 58 Signings 31 37 63 58 68 28 36 95 37 57 53 58 48 34

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

The number of new players was the highest of last 6 years.The percentage of loans and signings at 0 cost increased vs last season (74% vs 63%)

53 # OF EXITS- LA LIGA

Nº of players 204 206 206 188 179 176 Loans 51 58 70 55 Signings 46 50

146 155 133 126 133 136

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

The number of exits stays the same, the highest in recent years. In average, every team released 10 players

54 NET # OF SIGNINGS VS EXITS- LA LIGA

Nº of players 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

-18

-51 -53 -54 -57 -54

Reduction of players in squad was down 65% to just 18, which confirms stabilization and good results of La Liga’s and Spanish Government finances control regulations

55 # OF SIGNINGS BY TEAM- TOP 10

Nº of players

2012/13 20 2013/14

16 2014/15 15 15 14 13 13 13 12 12 11 11 10 10 8 8 8 8 7 6 6 4

Rayo Eibar Granada Córdoba Sevilla Deportivo At. Madrid Almeria Valencia Villarreal

Rayo has conducted the biggest squad turnaround of la Liga by bringing 20 new players. FC Barcelona, traditionally amongst the less active teams, signed 7 new players On the other side, Athletic only signed one new player

56 *Data not included for seasons in which team not at Liga BBVA # OF SIGNINGS BY TEAM- BOTTOM 10

Nº of players

2012/13 13 12 2013/14 2014/15 9 8 8 8 7 7 7 7 7 6 6 6 6 5 5 5 5 5 4 4 4 3 3 2 2 1 1

Málaga Getafe Elche Espanyol FC Barcelona Levante Celta R. Sociedad Real Madrid Athletic

57 *Data not included for seasons in which team not at Liga BBVA # OF SIGNINGS BY TEAM AND CATEGORY

Nº of players

Signings 0€

Loans

10 Signings

6 2 9 9 2 3 4 1 6 6 2 3 9 3 4 2 5 9 3 4 8 8 4 2 7 7 1 2 3 5 4 4 4 3 3 2 2 2 2 2 2 1 1 1

58 # OF EXITS BY TEAM- TOP 10

2012/13 Nº of players 2013/14 22 22 20 2014/15 19 18 17 15 14 14 14 13 12 11 11 10 10 10 10 10 9 8 7 6 5 4 3

Granada Valencia Atletico Sevilla Rayo FC Barcelona Eibar R. Sociedad Córdoba Levante

Granada released the highest number of players (20) for 3rd consecutive year. FC Barcelona , traditionally not that active, saw 14 players leaving the squad this summer Málaga released the lowest number (3)

59 *Data not included for seasons in which team not at Liga BBVA # OF EXITS BY TEAM- BOTTOM 10

2012/13

Nº of players 2013/14

2014/15

12 11 11 11 11 10 10 10 9 9 9 9 8 8 8 8 7 7 7 6 6 6 5 5

3

Getafe At. Bilbao Elche R. Madrid Almeria Deportivo Espanyol Villarreal Celta Malaga

60 *Data not included for seasons in which team not at Liga BBVA NETS # OF SIGNINGS VS EXITS

Nº. of players

6 5 5 5

3 3 2 1 1

-1 -1 -2 -3 -4 -5 -5 -6 -7 -7 -8

Valencia is the team with highest reduction of players in the squad. 11 out of 20 teams have now less players in the pay roll

61 SOCCEREX TRANSFER REVIEW 2015

1. Technical sheet 2. Summer transfers window 2014/15 3. Squads review La Liga

4. FC Barcelona & Real Madrid face to face

5. Conclusions

6. Annexes

62 % OF NON NATIONAL PLAYERS BY LEAGUE

2010/11

Non-national players 2011/12 2012/13 2013/14 70% 67% 2014/15 63% 63% 64%

54% 52% 53% 50% 47% 49% 49% 45% 46% 47% 45% 45% 40% 39% 41% 40% 39% 38% 39% 37%

La Liga is still the league that has the highest % of national players (61%), while English Premier League sides continue to struggle to grab more national players

63 AVERAGE AGE OF PLAYERS IN SQUAD

Age

27,6 27,5 27,2 26,7 26,5 26,5 26,4 26,4 26,3 26,3 26,3 26,2 26,0 25,8 25,7 25,7 25,5 25,1 24,7 23,7

*Average age as of September 2014 64 HOME GROWN PLAYERS BY SQUAD

Players

20

13 12

9 9 8 7 6 6 5 4 4 4 4 4 2 2 1 1

Athletic Bilbao clearly leads the ranking increasing the number of home grown players (17 last season), FC Barcelona has decreased by 5 its home grown players in the squad

* Players having participated in any youth teams of the club, including reserves (B teams) 65 AVERAGE STABILITY OF SQUAD- TOP 10

Years*

4,24,2 4,3 2011/12 2012/13 2013/14 2014/15 3,83,7 3,5 3,4 3,3 3,3 3,2 3,2 3,1 3,0 2,7 2,8 2,4 2,4 2,3 2,0 1,9 1,8 1,7 1,71,7 1,61,7 1,6 1,5 1,5 1,4 1,4 1,3 1,21,1 1,2 1,1

R.Sociedad FC Barcelona Real Madrid At.Bilbao Deportivo Villarreal At.Madrid Celta Espanyol Málaga

Real Sociedad is now the team with most consolidated squad. For the first time in 4 years, FC Barcelona is not at the top as a result of squad renovation

* Average time of stay in the club 66 AVARAGE STABILITY OF SQUAD- BOTTOM 10

Years*

2011/12 2012/13 2013/14 2014/15 2,02,0 1,8 1,7 1,6 1,6 1,4 1,4 1,3 1,3 1,3 1,2 1,2 1,2 1,1 1,0 1,1 1,0 1,0 1,0 0,91,0 0,9 0,9 0,8 0,9 0,8 0,8 0,8 0,7

Levante Getafe Eibar Almería Valencia Elche Sevilla Granada Rayo Córdoba

Cordoba and -with 15 and 20 signings respectively- are the teams with the newest squad

* Average time of stay in the club 67 SOCCEREX TRANSFER REVIEW 2015

1. Technical sheet 2. Summer transfers window 2014/15 3. Squads review La Liga

4. FC Barcelona & Real Madrid face to face

5. Conclusions

6. Annexes

68 NEW PLAYERS INVESTMENT R. MADRID VS FC BARCELONA

Mio€

265 2009/10 2010/11 183 2011/12 157 2012/13 120 112 2013/14 78 73 2014/15 55 60 65 30 33

FC Barcelona spent more than ever (157mio€) to renovate squad on determination to improve pitch results and ahead of FIFA ban for next 3 transfer windows. Real Madrid invested heavily after winning Champions League and traded high profile players in & out

69 PLAYERS MOVEMENT

2013/14 2014/15 2013/14 2014/15

Revenues* (mio€) 530 N/A 604 N/A

Profit/Loss* (mio€) 41 N/A 39 N/A

Signings investment (mio€) 65 157 183 120

Player sales (mio€) 28 79 104 113 Net signings investment 37 78 79 7 (mio€) # of signings 1 7 5 3

# of exits 7 14 8 8

Average cost per new player 65 22 37 40 Continuity players signed 2/2 1/1 2/2 4/5 last season Most expensive signing Neymar (65) L.Suárez (81) Bale (101) James (80) (mio€)

70 PLAYERS MOVEMENT- ACCUMULATED 6 YEARS

2009/15 2009/15

Signings investment (mio€) 500 731 Player sales (mio€) 222 373

Net signings investment (mio€) 278 358

Most expensive signing (mio€) Luis Suárez (81) Bale (101)

Most important sale (mio€) A. Sánchez (43) Di María (75)

* Seasons 2009/10, 2010/11, 2011/12, 2012/13 , 2013/14 & 2014/15 71 SQUAD REVIEW

2014/15 2014/15

Nº players in First team 23 22

Average age 26,5 25,7 Average stability of squad (Average time of stay in the 3,4 3,3 club) % Foreign players 56% 59%

Nº Nationalities 9 10

Home grown players by squad 12 6 New home grown players by squad 2 1 U21 Players 1 2

72 # OF SIGNINGS- FC BARCELONA

Eto’o

Deco D.Alves Douglas

Giuly Hleb Vermaelen

Edmilson Cáceres Bravo

Belletti Henry Keita Ibrahimovic Ter Stegen

Sylvinho Zambrotta Milito Henrique Chygrynskiy Villa Rakitic

Larsson Ezquerro Gudjohnsen Abidal Piqué Keirrison Mascherano Cesc Song Mathieu

Van Van Bronckhorst Bommel Thuram Y.Touré Pinto Maxwell Adriano A.Sánchez J.Alba Neymar L.Suárez 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 20010/11 2011/12 2012/13 2013/14 2014/15

73 HOMEGROWN PLAYER SALES FC BARCELONA 2004-2015

Mio€ 36,9 26,0 20,8

9,5 8,8 7,0 1,5 2,2 0,0 0,0 0,0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 Luis García Sergio Garcia G. dos Santos Gabri (0) Motta (2) Jorquera (0) V.Sánchez (0) Thiago (25) Cesc (33) (8,75) (1,5) (6) Santamaría ToniCalvo J. dos Santos Ros (0) Damià (1) Oleguer (3) O.Romeu(5) Fontàs (1) (0) (0,2) (1,5) Fernando Tortolero (0) Crosas (0,5) Jeffren (3.75) Bojan (1,8) Navarro (6) Bojan (12) Rodri (0,6)

V.Valdés (0)

Oier (0)

Cuenca (0)

74 FC BARCELONA ACTIVITY AT A GLANCE

El FC Barcelona ha tenido el mercado más movido de su historia  2º equipo con mayor inversión de Europa (157mio€). También es la mayor inversion de su historia  Mayor cifra de ventas de su historia (79mio€)  Fichaje más caro: Luis Suárez (81mio€)  Venta más cara: Alexis (42,5mio€). A excepción del abono de la cláusula por Luis Figo  Mayor cifra por traspaso de canterano: Cesc (33mio€)  Mayor inversión por un portero: Ter Stegen (12mio€) y Bravo (12mio€) Tras la remodelación de plantilla  Reduce el número de canteranos de 17 a 12  Por primera vez en 4 años no tiene la plantilla más estable (pasa de 4,3 a 3,4 años de media)

75 REAL MADRID ACTIVITY AT A GLANCE

 Mayor cifra de ventas de la historia de la Liga BBVA (113mio€). También son las mayores ventas de su historia  Venta más cara de su historia: Di Maria (75mio€)  Mayor cifra por traspaso de canterano: Morata (20mio€)  Mayor inversión por un portero: (10mio€)  2º fichaje más caro de la temporada en Europa: James (80)

76 SOCCEREX TRANSFER REVIEW 2015

1. Technical sheet 2. Summer transfers window 2014/15 3. Squads review La Liga

4. Barça vs Real Madrid

5. Conclusions

6. Annexes

77 CONCLUSIONS STR 2015 (1 OF 5)

 El total de la inversión en fichajes de las 5 grandes ligas europeas alcanzó los 2,2bio€, en línea con el récord de la temporada pasada, y como consecuencia de tendencias desiguales en los distintos países

 La Premier League ha liderado la inversión superando el billón de Euros por primera vez, tras crecer un 41% vs la temporada pasada y establecer un nuevo récord histórico. La Liga BBVA vuelve a la 2ª posición tras alcanzar un gasto de 500mio€. Además, la Bundesliga supero su anterior récord. El Financial Fair Play de la UEFA y la dificultad de generar nuevos ingresos han golpeado a la inversión de la Serie A y la Ligue1

 La inversión fue liderada por equipos con gran potencial de generación de ingresos y que consiguieron importantes ingresos vendiendo a sus mejores jugadores. 7 equipos europeos han invertido más de 100mio€ y representan un 42% de la inversión en Europa. La Liga se mantiene como la liga con mayor polarización, 4 equipos acumulan el 88% de la inversión

 La Premier League lidera el ranking de ventas por primera vez tras alcanzar una cifra superior al medio billón de Euros (563mio€) doblando el importe del pasado año y estableciendo un nuevo récord a nivel europeo. La Liga BBVA se confirma como una liga vendedora y alcanza un nuevo récord de ingresos por ventas de jugadores (512mio€)

78 CONCLUSIONS STR 2015 (2 OF 5)

 La Premier League lidera también el ranking de inversión neta, una vez deducido el ingreso por ventas, alcanzando la cifra de 465mio€. Esta cifra es 6 veces superior a la del segundo en el ranking, la Bundesliga (82mio€). La Liga obtiene una inversión neta negativa (-12mio€) por tercer año consecutivo y la Ligue 1 recupera su tradición vendedora

 Un total de 914 jugadores fueron adquiridos y 1524 traspasados por las 5 grandes ligas europeas, resultando en un balance negativo por 5ª temporada consecutiva. El formato de cesión sigue gozando de gran popularidad, especialmente en la Premier League, donde los equipos cedieron 117 jugadores, la cifra más alta hasta el momento

 El Manchester United realizó la mayor inversión de su historia (196mio€, 2ª mayor de la historia del fútbol), liderando el ranking europeo por el objetivo de mejorar sus resultados en el terreno de juego. FC Barcelona, Liverpool, Atlético, Chelsea y Arsenal también han establecido su propio récord de inversión. 7 de los 10 equipos con mayor inversión vendieron jugadores por 60mio€ o más. Por primera vez desde la adquisición por parte de la familia real Qatarí el PSG no se encuentra en las primeras posiciones del ranking de inversión.  El Southampton es el sorprendente líder europeo en ingresos, al obtener 120mio€, la 3ª cifra más alta en la historia del fútbol. El Financial Fair Play obliga a los principales equipos a vender jugadores importantes, por lo que grandes equipos como el Real Madrid (113mio€), Chelsea (94), Liverpool (92), FC Barcelona (79), Atlético (77) and Manchester City (62,2) alcanzan su propio record histórico de ventas.

79 CONCLUSIONS STR 2015 (3 OF 5)

 El Real Madrid se mantiene como el protagonista indiscutible del mercado Europeo de fichajes de los últimos 6 años, siendo el club con una mayor inversión acumulada (731mio€) y un mayor ingreso agregado por venta de jugadores (373mio€). El Manchester City es el club con mayor inversión neta (439mio€).

 Manchester United (157mio€), Arsenal (86) y FC Barcelona (78) son los equipos con una mayor inversión neta (tras deducir las ventas de la inversión) en este mercado de verano. El Real Madrid también tienen una inversión neta positiva de 7mio€.

 El fichaje de Luis Suárez (81mio€) es el más caro del verano y el 3º de la historia del fútbol. Le siguen el fichaje de James por parte del Real Madrid (80), y el de Di Maria por el Manchester United (75). El fichaje de Di Maria es también el más caro de la historia de la Premier League. Los 3 fichajes se sitúan en el top 5 del ranking de los 10 fichajes más caros de la historia del fútbol

 La Liga BBVA gasta 500mio€ en fichajes, un 26% más que la pasada temporada. Además de los habituales FC Barcelona y Real Madrid, Atlético y Valencia (por proyecto nuevo propietario) se unen a los grandes y entre los 4 monopolizaron el 88% de la inversión. La mayor parte de la inversión se ha financiado con ventas de jugadores

80 CONCLUSIONS STR 2015 (4 OF 5)

 Hasta 5 equipos de la liga no realizaron ningún gasto en fichajes y 12 ficharon por valor igual o inferior a 3mio€.

 La Liga BBVA ha vendido jugadores por valor de 512mio€ en esta ventana de verano, lo que supone también la cantidad más alta de su historia. Todos los equipos, incluidos Real Madrid y FC Barcelona, se ven obligados a vender a algunos de sus mejores jugadores para afrontar nuevos fichajes y cumplir así con el control financiero de la LFP, aún más estricto que el Financial Fair Play de la UEFA

 Real Madrid (113mio€), FC Barcelona (79mio€) y Atletico de Madrid (77mio€) también copan el top 3 de la Liga de ventas de jugadores. Otros 4 equipos más también venden por encima de 30mio€: Sevilla (51), Valencia (47), Real Sociedad (45), Athletic (36)

 La venta de jugadores españoles a ligas extranjeras ha crecido por 5º año consecutivo, hasta 166mio€, la cifra más alta de la historia, lo que confirma la fuga de talento español a otras ligas. Asimismo, la inversión de la Liga en jugadores españoles se ha visto reducida a 22mio€ (vs 124mio€ la temporada pasada)

81 CONCLUSIONS STR 2015 (5 OF 5)

 La cifra más alta de ventas de la historia de la Liga (512mio€) se ha traducido en una inversión neta negativa de 12mio€. Por tercer año consecutivo la liga es una liga “vendedora”, ingresando más por ventas de lo que invierte en fichajes, por la necesidad de los equipos de apretarse el cinturón y reducir su abultada deuda. 12 de los 20 equipos de La Liga han vendido más de lo que han invertido en fichajes

 La Liga BBVA sigue siendo la que tiene el mayor % de jugadores nacionales en las plantillas (61%). En el otro extremo se sitúa la Premier League, con tan solo un 33% de jugadores nacidos en Inglaterra

 El Rayo es el club con mayor número de incorporaciones a su plantilla (20) . En el otro extremo se encuentra el Athletic con una sola incorporación. El FC Barcelona, que llevaba 2 siendo el equipo con menos movimiento, incorpora 7 nuevos jugadores (por uno el verano anteror)

 El Athletic es nuevamente el equipo con mayor número de canteranos en su plantilla (20), seguido por la Real Sociedad (13). El equipo donostiarra es también el equipo con mayor estabilidad de plantilla (4,2 años de media), desbancando al FC Barcelona

82 SOCCEREX TRANSFER REVIEW 2015

1. Technical sheet 2. Summer transfers window 2014/15 3. Squads review La Liga

4. FC Barcelona & Real Madrid face to face

5. Conclusions

6. Annexes

83 REVENUE TREND TOP EUROPEAN LEAGUES

Mio€

2008/09 2009/10 2010/11 2011/12 2012/13 2.917 2.946 2.800

2.4792.500 2.326

1.872 1.859 1.746 1.765 1.664 1.718 1.682 1.575 1.622 1.570 1.501 1.4941.532 1.553 1.297 1.136 1.0481.072 1.040

Big five leagues have experimented revenue growth for the 4th consecutive year, except Ligue1 in 2010/11. Revenue ranking remains unchanged and clearly led by Premier League, followed by Bundesliga and La Liga.

Source Deloitte Annual Review of Football Finance, June 2014 84

CLUB EUROPEAN RANKING BY REVENUES

Mio€ 2008/09 2009/10 513 519 480 483 483 2010/11 451 439 431 424 2011/12 401 398 396 366 368 367 2012/13 350 323 327 316 323 321 303 290 286 274 290 284 263 272 259 251 257 264 245 253 244 235 225 203 205 197 211 195 197 186 170 169 153 154

102

Real Madrid FCBarcelona B.Munich Man.United Man.City Chelsea Arsenal Juventus AC Milan Inter

While we wait for all teams publishing their 2012/13 results, season 2011/12 saw the same teams in top 6 positions in a ranking lead once again by Real Madrid followed by FC Barcelona

Source: Deloitte Football Money League 2014 85 6 YEAR ACCUMULATED INVESTMENT TOP 5 LEAGUES

Mio€ 3.850

2.231 2.092

1.314 1.308

* Winter window transfers not included 86 AVERAGE VALUE TOP 10 EUROPEAN SIGNINGS LAST 6 YEARS

Mio€

52 52 44 38 32 26

2009/10 2010/11 2011/12 2012/13 2013/14 2014/15

Average value of top 10 signings in 2014/15 is 52mio€, same figure as last year record

*Winter window transfers not included 87 USAGE TOP 10 EUROPEAN SIGNINGS 2013/14

%Minutes

77% 76% 70% 67% 63% 60% 59% 51% 49% 41% 41%

James Fernandinho Higuaín Cavani Özil Bale Gotze Neymar Willian Illarramendi Falcao

James was the most profitable signing last season (number of minutes) followed by Fernandinho

*Winter window transfers not included. Calculated on domestic league minutes 88 SIGNINGS* OF NATIONAL PLAYERS AVERAGE COST

Premier league La Liga Mio€

4,0

2,9 2,7 2,2

1,0

0,4

2012/13 2013/14 2014/15

EPL sides hunt of English talent resulted in average cost of home born players climbing to 4mio€ (compared with La Liga’s 0,4)

*Loans not included 89 ARRIVALS & EXITS LA LIGA 2014/2015

Team Arrivals €Mio Exits €Mio Team Arrivals €Mio Exits €Mio

Ter Stegen 12 Victor Valdés 0 Moyà 3 Insúa Loan Rakitic 18 Cesc 33 Siqueira 10 Villa 0 Bravo 12 J.Dos Santos 1,5 Mandzukic 18 Roberto 6 Luis Suárez 81 Cuenca 0 Oblak 16 Asenjo 5 Mathieu 20 Alexis Sánchez 42,5 Griezman 30 Óliver Torres Loan Vermaelen 10 Oier 0 Jiménez 10,5 Diego Costa 38 Douglas 4 Tello Loan Ansaldi Loan R.Pérez Loan Keirrison 0 Gámez 0 Aranzubia 0 Krkic 1,8 Moreira 0 Diego 0 Pinto 0 Velázquez 2,6 Adrián 11 Afellay Loan Cerci 15 Filipe Luis 17 Deulofeu Loan Thomas Loan Song Loan Baptistao Loan Rodri 0,6 Manquillo Loan Guilavogui Loan Total -157 Total 79,4 Velázquez Loan Alderweireld Loan James 80 Sahin 7 Kroos 30 Cheryshev Loan Total -105,1 Total 77 Keylor Navas 10 Morata 20 Chicharito Loan Loan Borja Viguera 1 Ander Herrera 36 J.Fernández 0,5 R. Fernández 0 Diego López 0 Iñigo Pérez 0 Di María 75 Ramalho Loan 10 Unai Loan Ekiza 0 Total -120 Total 112,5 Iker Loan Iñigo Loan

Total -1 Total 36

90 ARRIVALS & EXITS LA LIGA 2014/2015

Team Arrivals €Mio Exits €Mio Team Arrivals €Mio Exits €Mio Finnbogason 8 Bravo 12 Arribas 0 Guarente 0 Raúl Navas 0 Abaroa 0 Denis Suárez Loan Julián 0 Urkizu 0 Raúl Navas Loan Aleix Vidal 3 Rakitic 18 Rulli Loan Javi Ros 0 Cariço 1,8 Perotti 0,4 Granero 4 Urkizu Loan Nico Pareja 2,5 Hervás Loan Griezman 30 Barbosa 0,2 Botía 2 Óscar Vega 0 Loan 18 Ifrán Loan Krychowiak 5,5 Manu del Moral Loan Seferovic 3,2 Mbia 0 Varas 0 Cadamuro Loan Deulofeu Loan Fazio 10 Éver Banega 2,5 Stevanovic 0 Total -12 Total 45,2 Trémoulians 2,5 Jairo 2,2 Kolodziejczak 3 Rabello Loan De Paul 4,8 Keita 0 Rusescu Loan André Gomes 15 Senderos 0 Babá Loan Rodrigo Loan Bernat 10

Yoel Loan Fede Loan Total -21 Total 50,6 Mustafi 8 Rami 4,3 Orbán 3,5 Pabón 6 Espinosa 0 Perbet 1,5 Joao Cancelo Loan Ricardo Costa 0 Asenjo 5 Iñiguez Loan Zuculini Loan Mathieu 20 Cheryshev Loan De Guzmán 6 Filipe Augusto Loan Míchel Loan Rukavina 0 Pantic Loan Negredo 28,7 Guaita 0 J. Dos Santos 1,5 J.Pereira Loan Cissokho 2,5 Vietto 5,5 Aquino Loan Víctor Ruíz Loan Víctor Ruíz Loan Éver Banega 2,5 Alexis Pérez Loan Vinícius Loan Guardado Loan Total -12 Total 7,5 J. Viera 2 Hélder Postiga 0 Jonas 0

Total -60 Total 47,3 91 ARRIVALS & EXITS LA LIGA 2014/2015

Team Arrivals €Mio Exits €Mio Team Arrivals €Mio Exits €Mio Mauro 0 Rafita 0 Quique 0 Esteban 0 Canella Loan Arizmendi 0 Dangda Loan Tébar 0 Cuenca 0 Núñez 0 Rubén 0 Aleix Vidal 3 Lucas Loan Marchena 0 Julián 0 Oscar Díaz 0 José Loan L. Fernández Loan Ximo 0 Raúl García 0 Fariña Loan Rudy 0 Hemed 0 Marcelo Silva 0 Cavaleiro Loan Bastón Loan Wellington Loan Mendujanin 0 Thomas Loan Hélder Postiga 0 Thievy Loan Juanfran Loan Sidnei Loan Total 0 Total 3 Diakité 0

Planas 0 Bustos 0 Total 0 Total 0 Cabral 0 Jonathan Vila 0 P. Hernández 1,6 Samuel Loan Hinestroza Loan Marica 0 Sergi Gómez 0 Yoel Loan Yoda 0 Moyà 3 Larrivey 0 Jota 1,5 Jonathan López Loan Gavilán 0 Radoja 0,9 Míchel Loan Mosquera 0 Guaita 0 Borja 0 Total -2,5 Total 1,5 Velázquez Loan Julio César 0 Naldo Loan Míchel 0 Arbilla 0 Tejera Loan Babá Loan Adrián 0 Salva Sevilla 0 Capdevila 0 Rafa 0 Caicedo 0 C.Gómez Loan Montañés 1,1 Thievy Loan Total 0 Total 3 Álvaro 1,1 D. López 5,3 Lucas Loan C.Alfonso Loan Cañas 0

Total -2,2 Total 5,3 92 ARRIVALS & EXITS LA LIGA 2014/2015

Team Arrivals €Mio Exits €Mio Álex Moreno 0 Perera 0 Team Arrivals €Mio Exits €Mio Insúa Loan Gálvez 0 Jaime 0 D. Jiménez 0 Amaya 0 Arbilla 0 Javi Lara 0 Diego Rivas 0 Boateng 0 Rubén 0 Dani García 0 Raúl Navas 0 Quini 0 Rat 0 Raúl Navas Loan Ibañez 0 Aguirre 0 Adrián 0 Ángel 0 Mainz 0 0 Larrivey 0 Dani Nieto 0,2 Urko Vera 0 Jozabed 0 José Carlos 0 Ekiza 0 Aitor Arregi Loan Morcillo 0 Nery Castillo 0 Ozkoidi 0 Asenjo Loan Pozuelo 0 Mojica Loan Dídac Vilà Loan Ozkoidi Loan Mojica 0,5 Sebas 0 Abraham Loan Kijera 0 Ba Loan Boateng 0 Manu del Moral Loan Tejerina Loan Licá Loan Aguirre 0 Pivoccari Loan Iriarte Loan Kakuta Loan Galeano Loan Boateng 0 Baptistao Loan Tejerina 0 Pereira Loan Saúl Berjón 0 Aquino Loan Lekic 0 C.Álvarez Loan Toño 0 Total -0,2 Total 0 Fatau Loan Boka 0 Willy Caballero 5,8 Total -0,5 Total 0 Luis Alberto Loan Eliseu 1 Ochoa 0 Jesús Gámez 0 Víctor Pérez Loan Roger Loan Rosales 0 Anderson Loan Gavilán 0 Pallardó 0 Horta 0,8 Martins 0 Sergio 0 Cousillas Loan Jesús 0,5 Pedro Rios 0 Miguel Torres 0 Mariño Loan Nagore 0 Amrabat Loan Toño 0,3 Keylor Navas 10 Ángel 0 Total -0,8 Total 6,8 Javi Loan Nong 0

Total -0,8 Total 10 93 ARRIVALS & EXITS LA LIGA 2014/2015

Team Arrivals €Mio Exits €Mio Team Arrivals €Mio Exits €Mio Sissoko Loan Siqueira 10 V. Rodríguez 0 Rivas 0 Babin 0 Kitoko Loan A. González 0 Fidel Loan Foulquier 2,5 Angulo 1,5 Mosquera 0 Mantecón 0 Larsson 0 Allan 3 Tyton Loan Pelayo Loan J. Marqués 0 Zapata 0 Jonathas Loan I’Anson Loan Wague 0 Ferreiro 0 Pasalic Loan C. Sánchez 6 Carlos Pérez Loan Toti 0 Roco Loan Sapunaru 0 Oier 0 Jona Loan Flores 0 Paredes 0 Paredes 0 Toño 0 Josan 0 Brahimi 6,5 Rochina 0 Garrido 0 Total 0 Total 6 Córdoba 1,83 Wague Loan Nounkeu Loan Josan Loan Deivid 0 A. Rodríguez Loan Martins 0 D. Benítez 0 Havenaar 0 Astrain 0 Eddy Loan Belkalem 0 Fidel Loan Bernardo Loan Assulin 0 F. Cartabia Loan Cruz Loan B. Gómez Loan L. Garai 0 Cabezas Loan Yebda 0 J. Carlos 0 Obiora 0 Buonanotte Loan Ekeng 0 Pedro 0 Ortiz 0 Matos Loan Samu Loan Rossi Loan R. Bravo 0 Total -4,33 Total 21 Pantic Loan Nieto 0 I.López 0 Joselu 0 B. García Loan Juanlu 0 Crespo Loan Ghilas Loan F. Vico Loan

Total 0 Total 0

94 HOMEGROWN PLAYERS BY TEAM

Club Canteranos

Masip, Piqué, Bartra, Alba, Montoya, Busquets, Iniesta, S.Roberto, , Rafinha, Pedro, Messi

Casillas, Fernando, Nacho, Carvajal, Arbeloa, Jesé,

Saúl Ñíguez, Koke, Mario Suárez, Gabi

Gayà, Robert Ibañez, Carles Gil, Alcácer

Reyes

Zubikarai, I.Martínez, M.González, Ansotegi, C.Martínez, Zaldua, Estrada, Bergara, Elustondo, R.Pardo, Zurutuza, Xabi Prieto, Aguirretxe

Iraizoz, Herrerin, Kepa, Laporte, San José, Gurpegi, Etxeita, Aurtenetxe, Iraola, Bustinaza, Iturraspe, Morán, Beñat, Unai López, Aketxe, Ibai, Susaeta, Muniain, Aduritz, Guillermo

Fabri, Insúa, Laure, Seoane, Bergantiños, Juan Domínguez, Juan Carlos, Remeseiro

-

Kiko Casilla, G.Parreño, Pau López, R.Rodríguez, V.Álvarez, Clerc, J.López,

95 HOMEGROWN PLAYERS BY TEAM

Club Canteranos Juan Carlos, Aitor Fernández, Jaume Costa, Gaspar, Bruno Soriano, Trigueros, Moisés, Nahuel, Gerard Moreno

Recio, Portillo, Juanmi, Samu

Álex Pérez, Arroyo

S.Álvarez, Rubén Blanco, David Costas, Hugo Mallo, J.Castro, B.Oubiña, Álex López, Madinda, Santi Mina

X.Irureta, Ander Capa

José Ángel, Anaba, Álvaro Giménez,Cristian Herrera

Hector Rodas, Juanfran, Camarasa, Iván López, Rubén, Morales

Amaya, Nacho Martínez, , Leo Baptistao

Fede Vico

Angel Trujillo, Fran Vélez, Zongo, Azeez, Edgar Méndez

96 PLAYERS SIGNINGS AT. MADRID 2004-2015

105,1 81,5 75,0 54,1 33,0 26,5 25,0 22,8 11,3 8,3 1,0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 D. Costa L. Cabrera J. Giménez L. Franco (0) Kezman (9) Pernía (4) Heitinga (10) D. Costa (1) Miranda (0) Emre (0) Moyà (3) (1,5) (1,5) (0,9) M. Rodríguez R. García C. Rodríguez P. Ibáñez (3) Zé Castro (0) Ujfalusi (0) Juanito (0) F. Mérida (0) Sílvio (7) Demichelis (0) Siqueira (10) (5) (13) (0) Sinama- M. Suárez L. Baptistao P. Luccin (5) J. Valera (0) Seitaridis (6) Abbiati (loan) Asenjo (5,5) Gabi (3) Cata Díaz (1) Mandzukic (18) Pongolle (10) (1,8) (7) Kun Agüero Roberto A. López (0) Galletti (2,5) Forlán (21) Coupet (2) F. Luís (12) Adrián (0) D. Cisma (0) Villa (2,1) Oblak (16) (21,7) (1,25) J. Velasco (0) Petrov (10) Costinha (6) L. García (4) Assunçao (3) Godín (8) R. Micael (5) Roberto (6) Griezmann (30) C. Santana Courtois R. Jiménez Sosa (0) Mista (4) Banega (loan) Aranzubia (0) (8) (loan) (10,5) De las Alderweireld Perea (3,3) Simao (20) Falcao (47) Ansaldi (loan) Cuevas (0,4) (7) Pacheco Guilavogui Colsa (0) Jurado (3) Reyes (12) J. Gámez (0) (loan) (10) S. Ballesta Maniche (9) Motta (2) Pizzi (loan) Moreira (0) (loan) E. Velázquez Diego (loan) (2,6) A. Turan (13) Cerci (15)

97 PLAYERS EXITS AT. MADRID 2004-2015

84,5 81,9 78,0 51,5

21,5 19,0 7,0 3,5 9,9 0,0 3,3

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 Pinola Lequi (0) Del Moral (0) Pinola (1,2) Jurado (Loan) Zé Castro (2) P. Ibáñez (0) Baldé (1) Perea (0) Falcao (60) Insúa (Loan) (Loan 0,3) Juanma (0) R. Núñez (0) García Calvo (0) Gabi (0) Cuéllar (0) Maniche (0) Roberto (8,5) Ujfalusi (2) A. López (0) Silvio (Loan) Villa (0) Movilla (0) Denia (0) Sosa (Loan) Galletti (2,1) Eller (0) Bernabé (0) Baldé (Loan) De Gea (20) Domínguez (8) Cisma (0) Roberto (6) De las Cuevas Ortiz (Loan) Nano (0) Sicilia (0) Torres (38) Falcón (0) Pernía (0) Kun Agüero (45) Pizzi (Loan) Micael (3) Asenjo (5) (0,3) R. Pérez Gálvez (0) Larena (Loan) Toché Loan) Petrov (7) Mista (0) Leo Franco (0) Valera (0) Assunçao (0) Robles (4) O. Torres (Loan) (Loan) Toché (Loan) Grönkjaer (3) Musampa (0) Bravo (0) M. Suárez (0,8) Coupet (0,8) Cabrera (Loan) R. García (Loan) Pérez (Loan) Pérez (Loan) Costa (38) Salvio D. Rivas (0) Sosa (Loan) Ibagaza (0) Toché (0) Zé Castro (Loan) D. Costa (0) Micael (Loan) Micael (Loan) Pulido (0) R. Pérez (Loan 0,5) (Loan 2) Gabi (Loan) Toché (Loan) Aragoneses (0) Roberto (Loan) Roberto (0) L. García (0) Jurado (11) Pacheco (Loan) Salvio (11) Díaz (0) Aranzubia (0) Arizmendi (Loan) Novo (0) Colsa (0) Cuéllar (Loan) Motta (0) Seitaridis (0) Mérida (Loan) Cabrera (Loan) Asenjo (Loan) Diego (0) Reyes Fabri (0) Contra (0) Larena (0) Costinha (0) Heitinga (6,8) Elias (8,85) Mérida (0) Pizzi (6) Adrián (11) (Loan 2,65) Contra (Loan) J. Moreno (0) Ortiz (0) M.Suárez (Loan) Costa (Loan) Forlán (5) Bastón (Loan) Roberto (Loan) F. Luís (17) S. Sánchez (0) Medina (Loan) Kezman (7) D. Costa (Loan) Santana (Loan) Bastón (Loan) Saúl (Loan) Thomas (Loan) Romero (Loan) Paunovic (0) M.Suárez (Loan) Braulio (0) Valera (Loan) Cabrera (Loan) Demichellis (5) Baptistao (Loan)

Munteanu (0) Romero (0) Medina (0) Luccin (2,8) Pérez (Loan) Manquillo (Loan 1)

Guilavogui (Loan 4)

Velázquez (Loan)

Toby (Loan 2) PLAYERS EXITS R. MADRID 2004-2015

112,5 87,5 103,5 66,0 45,0 30,8 38,5 9,3 15,2 11,0 16,5

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 Morientes Figo (0) Zidane (-) Helguera (0) A. Gonález (-) Heinze (1,5) Metzelder (0) Garay (5) Altintop (3,5) Ozil (45) Sahin (7) (9,3) Pedro León Canales Owen (25) Portillo (0) Pavón (0) Cassano (0) Parejo (3) (0) Higuaín (37) Morata (20) (5) (7,5) Celades (0) Cobeño (0) Mejía (0) Balboa (4) García (7) Raúl (0) Sarabia (3) Gago (3,5) Albiol (12) Jesús (0,5) Van der Vaart Juan Carlos Solari (2) Sánchez (0) Bravo (2,3) García (0) Codina (0) Granero (8) Callejón (9,5) D.López (0) (11) (2.5) Samuel (18) Arbeloa (1,3) Diogo (4,5) Granero (3) Saviola (5) Fran Rico (1) Diarra (5) Carvalho (0) Di María (75) Cannavaro César (0) Borja (-) Beckham (0) Soldado (6) Drenthe (-) Kaká (0) X.Alonso (10) (0) Huntelaar Juanfran (0,4) R. Carlos (0) Baptista (10) Carvajal (5) Adán (0) (15) Gravesen (3) D.López (7) Robinho (43) Negredo (15) Joselu (6)

Jurado (3) Cicinho (9) De la Red (-) Sneijder (15)

González (-) De la Red (3) Robben (24)

Ronaldo (7,5) Émerson (5) Torres (2) Salgado (0) Van Nistelrooy (0)

99 PLAYERS EXITS FC BARCELONA 2004-2015

69,0 79,4 55,0 22,0 23,8 28,1 14,8 10,0 13,0 14,0 0,0

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 Van Rochemback V.Sánchez Cocu (0) Larsson (0) Bronckhorts Edmílson (0) Eto’o (20) Touré (30) Keita (0) Thiago (25) Cesc (33) (1,5) (0) (0) Santemaría Gudjohnsen Chygrynskiy A.Sánchez Ros (0) Gabri (0) Saviola (0) Oleguer (3) Milito (0) Henrique (0) Fontàs (1) (0) (2) (15) (42,5) Luis García R. Márquez J. dos Albertini (-) Damià (1) Giuly (4,5) Jorquera (0) Jeffren (3.75) Villa (2,1) (8,75) (25) (0) Santos (1,5) Máxi lópez Overmars (0) Riquelme (7) Recber (0) Ezquerro (0) Sylvinho (0) Henry (0) Bojan (12) Abidal (0) Bojan (1,8) (2) Ibrahimovic Kluivert (0) Gérard (0) López (0) Belletti (5,5) Deco (10) Cáceres (3) Rodri (0,6) (24) Quaresma (6) García (1,5) Navarro (6) Motta (2) Thuram (-) O.Romeu(5) Keirrison (0) G. dos Dani (0) Rodri (0) Santos (6) Luis Enrique Mark van Zambrotta (0) Bommel (6) (10,5) Reiziger (0) Crosas (0,54) Tortolero (0) Enke (-)

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