Liga BBVA, Premier League, Lega Calcio, Bundesliga and Ligue 1) • Transfer Data Only Include Fix Amounts

ESADE Barcelona February 6th 2014 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

1. Technical sheet 2. Winter 2014 transfer window: Premier League vs other top European leagues 3. La Liga on going season review 4. European football table 2013/14 5. Case study: Impact of UEFA’s Financial Fair Play 6. Conclusions 7. 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 divisions of top 5 European leagues ( Liga BBVA, Premier League, Lega Calcio, Bundesliga and Ligue 1) • Transfer data only include fix amounts. • Year to year comparisons refer to winter market only, unless otherwise indicated • Includes transfers that took place until January 31st 2014 • Transfer figures are gross of commissions or revenue share with other stake holders • Sign-up means new player arrivals (not total number of registered players) and Exits players leaving the team (even if on loan) SPECIFICATIONS • “Top European teams”: fix group of teams that according to Prime Time Sport are the most important in Europe (FC Barcelona, Real Madrid, Manchester United, Manchester City, Chelsea, Arsenal, PSG, AC Milan, Inter Milan, Juventus y Bayern Munich). • On going season review and European Football Table have been produced mainly with 1st half of the season at top 5 European leagues (except where otherwise indicated) • Neymar move from Santos to FC Barcelona has been kept at 57,1mio€ transfer fee, as officially described by FC Barcelona • Sales of players (or stakes of economics rights) to investment funds are not considered by the report

• Director: Esteve Calzada • Head of content: Bruno Batlle TEAM • Coordinator: Aleix Piqué • Analyst: Jaume Majó • Event hosting: ESADE Business School

4 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

5 WINTER 2014 TRANSFER WINDOW TOP 5 EUROPEAN LEAGUES

1. Review Top 5 European leagues 2. La Liga BBVA

6 BACKGROUND

 Summer transfer window was the busiest in history, with top 5 European leagues having increase expenditure by 40% to 2,1bio

 UEFA Financial Fair Play mechanism, which will not allow to participate in European competitions the teams with more than 45mio€ of accumulated losses during 3 seasons until 2014/15, affects transfer decisions and increase revenue generation needs at top European clubs

 Wide availability in the market of free players as a result of continued reduction of the number of players in the squads

 New TV contracts in place at English Premier League as of this season increase purchasing capacity of its sides in more than 50%

 In England, Manchester United tough season on the pitch required action in terms of bringing a world class midfielder

 Top Premier League have been signing young talent in recent years that need to gain experience in lower profile teams and leagues

 In Spain, the difficulty to further grow revenues affecting the majority of clubs, along with new regulations imposed by CSD (government sports body) and LFP (Spanish professional league) result in a more strict control of the expenditure in new players

7 TOTAL INVESTMENT WINTER SIGNINGS- TOP 5 EUROPEAN LEAGUES

Mio€

491

-4,3% 328 303 290 271

112

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

European teams have invested a total of 290mio€ in player transfers at winter window, down 4,3% vs previous season. Investment has now been stable for 3 consecutive years

8 WINTER TRANSFER WINTER VS SUMMER- TOTAL EUROPE

Mio€ Winter

Summer

2.154 1.855 1.713 1.723 1.544 1.322

491 328 271 303 290 112

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

Winter transfer window continues to be a complement to investment taking place in the summer. This January it represented only 13,5% of amount spent in summer 2012

9 COMBINED SIGNINGS INVESTMENT SUMMER + WINTER TOP 5 EUROPEAN LEAGUES

Mio€

+32,3% 2.444 2.041 1.994 1.967 1.813 1.847

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

Combined investment of summer (the main driver) and winter in top 5 European leagues was in excess of 2,4bio€, up 32% vs last season and record high ever

10 WINTER WINDOW EXPENDITURE BY LEAGUE

Mio€

2009/10 2010/11 2011/12 2012/13 2013/14 268

+0,3% 146 150 120 91 82 +52% -54% 77 +0,6% 54 53 56 45 42 52 -0,2% 29 33 33 32 17 15 21 13 8 7 12 12

English Premier League lead once again investment in Europe -52% of the total, the highest ever- followed by French League 1. Spending at Italian Serie A droped 54% while La Liga continues at the bottom for one more year

11 COMBINED SIGNINGS INVESTMENT SUMMER + WINTER TOP 5 EUROPEAN LEAGUES

Mio€

2009/10 2010/11 2011/12 2012/13 2013/14 881

763 703 635 539 542 478 445 447 444 426 428 400 367 294 291 262 248 247 243 271 213 203 155 140

Investment by Premier League sides was the highest ever and approaches 1bio€, as a result of yet another increase in TV revenues. For second year in a row, Spanish La Liga is the fourth European league in terms of total investment (summer plus winter) in signings

12 CONCENTRATION OF INVESTMENT BY TOP SPENDING TEAMS 2013/14

% of total summer + winter 86,7% 78,6%

62,8% 57,1% 49,8%

TOP 4 73,2% 61,2% 38,2% 39,2% TOP 2 28,7%

Premier League has the smallest concentration as top 2 teams (Chelsea & Tottenham) account for 28,7% of total and top 4 for 49,8% (+ManCity and ManU). On the opposite side, Ligue 1 (PSG and Monaco make 73,2%) and La Liga (Real Madrid and FCB 61,2%) are the most polarized tournaments

13 SIGN-UPS BY LEAGUE

Nº. of players 95 Total 257

Loans 46 -14%

Signings 51 38 37 36 21 18 11 9 49 30 27 20 26

Total number of sign-ups in Europe was down 14% to 257. For the 5th season in a row, Italian Serie A registered the highest number of signings (95). Loans and free transfers continue to represent a significant portion of the transactions

14 PLAYER EXITS BY LEAGUE

Nº. of players 212

Loans

Signings 134 163

83 51 45 44

24 21 49 51 32 27 13 23

15 NET ARRIVALS VS EXITS BY LEAGUE

Nº. of players

-4 -3 -11 -8 -15 -11 -15 -6 -7 -12 -9 -7 -34 -35 -40

-75 -83 -92 -97

-177

Winter 2010/11 Winter 2011/12 Winter 2012/13 Winter 2013/14

For the 5th consecutive season, all leagues have experimented a net decrease in the number of players, as teams are reducing players payroll. Premier League had the highest net decrease, which has been growing for 4 consecutive years

16 TOP 10 CLUBS WITH HIGHEST INVESTMENT IN EUROPE

Mio€

52,8 45,0

25,0 18,2 18,0 17,0 16,8 16,3 15,2 14,0

Chelsea Man.United PSG Galatasaray Zenit Wolfsburgo Inter Hull City Fulham Napoli

Sale of Mata to ManU helped Chelsea top again a spending table after signing Matic, Zouma and Salah, closely followed by ManU. No Spanish nor German teams in the top 10

17 TOP EUROPEAN TEAMS INVESTMENT RANKING

2010-11

Mio€ 2011-12

2012-13 88,5 2013-14

52,8 45,0 38,0 37,0 31,5 23,9 25,0 20,0 18,1 16,8 17,0 13,9 14,5 11,8 10 7,4 5,0 3,8 3,5 0,6 2,8 3,0

7 top European teams (AC Milan, Arsenal, Real Madrid, Juventus, ManCity, Bayern and FC Barcelona) did not spent any cash on transfer fees. For ManCity, Bayern and FC Barcelona it was for the 3rd consecutive winter transfer window

18 BARÇA VS REAL MADRID WINTER SIGNINGS TRACK RECORD

League Cost League Season Players Cost Season Players (mio€) Position (mio€) Position - - Cicinho 5 2005-06 1º 3º 2005-06 Cassano 5,5 (-12 points) - - 2006-07 1º F.Gago 20 2º 2º 2006-07 2007-08 J.M Pinto 0,4 G.Higuaín 10 (-1 point) (-7 points) - - Marcelo 6 2008-09 1º 2007-08 - - 1º Huntelaar 20 2009-10 - - 1º 3º 2008-09 L.Diarra 20 (-12 points) 2010-11 Afellay 3 1º Faubert Loan 2º 2009-10 2º 2011-12 - - - - (-5 points) (-5 points) 2010-11 2º 2012-13 - - 1º Adebayor Loan (-7 points) 2011-12 - 1º 2013-14 - - 1º - 2012-13 3º (-18 Diego López 3,5 points)

2013-14 - - 3º (- 3 points)

FC Barcelona has only used winter market in 2 of the last 9 windows. Real Madrid uses winter window more often (5 of 9). This year none of them uses the winter window.

19 TOP 10 TEAMS IN PLAYER SALES VALUE

Mio€

62,0

25,0 25,0 22,0 19,6 18,0 17,2 16,0 13,2 9,5

Chelsea Newcastle Benfica Olympiakos Saint-Étienne Rubin Kazan Lazio Anzhi FC Basel Lokomotiv Moscow

Chelsea is the main protagonist of winter window, topping both spending and sales tables. Another Premier League side –Newcastle- and Benfica follow after selling Cabaye and Matic

20 RANKING TOP EUROPEAN TEAMS IN PLAYER SALES

2010-11

Mio€ 2011-12

2012-13

2013-14

62,0

22,5 19,3 20,0 15,0 16,5 7,0 7,0 7,5 5,0 4,0 4,5 4,0 4,7 3,3 3,7 4,5 0,2 3,0 1,8 0,6 3,0

Besides Chelsea, the only top club with sales activity was FC Barcelona (Sanabria to Italian side Sassuolo)

21 TEAMS WITH HIGHEST NUMBER OF NEW PLAYERS

Players

12 11

8 7 7 6 6 6 5 5

Sassuolo Parma Chievo Fulham AS Roma Cardiff City Torino Genoa Valencia Cagliari

New signings table was dominated by Serie A sides. Fulham, Cardiff City and Valencia, the only non Italian sides in the top 10 wit 7, 6 and 5 new players respectively

22 TEAMS WITH HIGHEST NUMBER OF PLAYER EXITS

Players

17 16 15 13 12 12 12 11 10

Parma Sampdoria Genoa Chievo Chelsea Man. United Roma C.Palace Atalanta Sunderland

On top of Italian sides, Chelsea (13), ManU (12) and Crystal Palace (12) were among the sides releasing the highest number of players in Europa

23 TOP 10 MOST EXPENSIVE SIGNINGS SEASON 2013/14

Mio€ 45,0

25,0 25,0

18,0 17,0 15,2 15,0 14,6 13,2 10,0

Mata Matic Cabaye Rondon De Bruyne Mitroglou Hernanes Zouma Salah Traoré

Juan Mata signing by ManU for 45mio€ was the most expensive of the winter, followed by Matic and Cabaye (both 25 mi€). 5 of 10 most expensive moves had Chelsea involved, either selling or buying

24 TOP 10 MOST EXPENSIVE WINTER SIGNINGS OVER THE LAST 5 YEARS

2009-10 Mio€ 2010-11

58,5 2011-12

2012-13 45,0 41,0 2013-14 37,0 35,0 30,0 26,5 25,0 25,0 21,5

Torres Mata Carroll Dzeko Willian David Luiz Luis Suárez Matic Cabaye Bent

Mata, Matic and Cabaye join historical top 10 of most expensive transfers in a winter window, which is still topped by Fernando Torres move to Chelsea for 58,5mio€. 8 out of 10 most expensive winter signings ever, conducted by Premier League sides

25 CLUB INVESTMENT RANKING 2013/14 (SUMMER + WINTER)

Winter Mio€ Summer

182,5 177,7 11,5 135,9 130,6 121,8 25,0 106,5 100,9 52,8 182,5 14,0 68,7 67,0 166,2 67,4 2,5 121,8 110,9 106,5 86,9 77,8 66,2 67,4 67,0

Real Madrid was the side with highest combined investment (summer + winter) of season 2013/14 with 182mio€, even if not spending in winter, followed by Monaco (178), PSG (136), Chelsea (131) and Tottenham (122). ManCity, Napoli, AS Roma, Dinamo Moscow and Shaktar complete top 10

26 WINTER 2014 TRANSFER WINDOW TOP 5 EUROPEAN LEAGUES

1. Review Top 5 leagues 2. La Liga BBVA

27 INVESTMENT IN PLAYER SIGNINGS LA LIGA

Mio€

-0,3% 31,7

12,3 12,0 8,3 6,5

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

28 LA LIGA PLAYER SIGNINGS INVESTMENT TRACK RECORD

Mio€

65 60 54

36 37 30 32 24 21

12 12 12 7 8 7

99/00 00/01 01/02 02/03 03/0 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14

La Liga teams invested 12mio€ in new players in January, in line with previous season. The amount is one of the lowest of last 15 seasons and keeps Spanish league at the bottom in Europe

29 WINTER VS SUMMER TRANSFER WINDOWS- LA LIGA

Mio€

470 Summer 388 Winter 360

270 262

128 54 32 8 7 12 12

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14

The main portion of investment of the season was conducted in the summer. As a result, investment in January represented only 3% of the summer expenditure at La Liga

30 COMBINED SIGNINGS INVESTMENT SUMMER + WINTER – LA LIGA

Mio€

478 400 367 324 294

140

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

Driven by the signings of Bale (Real Madrid) and Neymar (FC Barcelona), combined investment (summer+winter) in La Liga grew again and was the second highest of the last 6 years (400mio€). Real and FC Barcelona account for 60% of total investment in Spain

31 LA LIGA INVESTMENT IN SIGNINGS BY TEAM

Mio€

2009/10 11,5 11,3 2010/11 2011/12

8,0 2012/13 2013/14 6,5 5,5 5,1

3,5 3,5 3,5 3,4 3,0 2,6 2,5 1,3 1,5 1,3 1,5 1,2 0,6 0,3 0,3

Only 5 out of 20 La Liga teams signed players this winter paying a transfer fee. The other 15 teams have not paid any transfer fees

32 ACCUMULATED 5 YEAR SPENDING OF TEAMS- LIGA BBVA

Mio€

24,3

13,5 12,8

6,4 3,5 3,5 3,4 3,0 2,6 2,5

At. Madrid Sevilla Málaga Valencia R. Sociedad R. Madrid Betis FC Granada Espanyol Barcelona

Atletico Madrid gets confirmed as the driving force of winter transfer window at La Liga, with a total investment of 24mio€ in 5 years. Real Madrid and FC Barcelona rarely make any investments in January

*Summer window not included 33 TOP 10 SIGNINGS LA LIGA WINTER 2014

Mio€

3,5 3,5

1,6 1,5

1,0 0,6 0,3

S.Canales V.Araújo Vezo Diego P.Pérez Rodrigues Rescaldini

Canales (Real Sociedad; 3,5mio€) and Araujo (Valencia; 3,5mio€) were the most expensive signings at la Liga transfer window

34 TOP 10 MOST EXPENSIVE WINTER SIGNINGS – LIGA BBVA

Mio€

27,0

21,3 21,0 20,5 20,0 18,0

12,0 9,0 9,0 8,7

Huntelaar Aimar Geovanni Gago Diarra Baneha Higuaín Zé Roberto R.Oliveira M.Fernández

Top 10 most ranking of most expensive winter signings ever remains unchanged for second year in a row

35 PLAYERS SALES VALUE LA LIGA

Mio€

28,0

20,0 20,7 20,7

10,6

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

36 NET INVESTMENT LA LIGA

Mio€ 2010/11

4 2012/13 1 2013/14 -8 -12 -14

2009/10 2011/12

La Liga sides collected 10,6mio€ from player sales in January, offsetting most of the expenditure and resulting in just 1mio€ of net investment

37 PLAYER SALES VALUE BY TEAM- LA LIGA

Mio€

12,3 12,5 2009/10 2010/11

9,5 2011/12 2012/13 8,0 2013/14 6,0

4,5 4,3 4,0 3,5 3,4 3,5 3,5 3,0 3,0 2,5 2,4 1,2 0,8 0,9 0,9 0,5 0,5 0,1 0,3 0,4

FC Barcelona toped the list of revenues from players transfers after selling youngster Toni Sanabria to Sassuolo for 4,5mio€. Valencia (3,5mio€) and Villarreal (2,5) were the only other sides that collected money from player sales

38 ACCUMULATED 5 YEAR PLAYER SALES- LIGA BBVA

Mio€

19,5 16,6 14,3 13,7 12,6

8,5

4,3 4,3 1,8 1,2

Sevilla Villareal At. Madrid Espanyol Málaga FC Osasuna Valencia Almeria Granada Barcelona

*Summer window not included 39 NUMBER OF SIGN-UPS LA LIGA

Nº of players 44

Loans 30 Signings 25 24 18 20 14

9 13 4 15 Signings 0€ Signings 0€ 14 Signings 0€ 20 7 16 Signings 0€ 19 6 9 2009/10 2010/11 2011/12 2012/13 2013/14

A total of 38 players were signed by La Liga sides in January, down from 44 last season. Loans and free transfers are still very popular and represented almost half of the moves

40 NUMBER OF PLAYER EXITS- LA LIGA

Nº of players

50 Loans 45 41 Signings 39 34 25

24 32 15 23

25 19 17 16 13

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

41 NET SIGN-UPS VS EXITS- LA LIGA

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

Loans

7 Signings

-1 -6 -8 -10 -13 -14 -6 -7 -1 -11 -7 -14 -15

Just like it happened at the other top European leagues, La Liga teams took advantage of winter transfer window to reduce the number of players in their squads

42 SIGN-UPS BY TEAM- LA LIGA

Nº of players

2011/12 6 2012/13 2013/14 5

4 4 4 4 4

3 3 3 3 3 3 3 3 3

2 2 2 2 2 2 2 2 2 2 2 2

1 1 1 1 1 1 1 1

Valencia was the most active La Liga team in January, bringing 5 new players and releasing 6. Real Madrid, FC Barcelona, Sevilla, Espanyol and Ath Bilbao did not sign any new players

43 PLAYER EXITS BY TEAM- LA LIGA

Nº of players

2011/12 8 2012/13 7 2013/14 6

5 5

4 4 4 4 4

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

2 2 2 2 2 2 2

1 1 1 1 1 1 1 1 1 1 1

Sevilla was the team that most reduced players in squad, by releasing 7 players and not bringing anyone. Neither Real Madrid nor FC Barcelona released any first squad players

44 NET SIGN-UPS VS EXITS BY TEAM- LA LIGA

Nº of players

2 2

1 1 1

0 0 0 0 0 0 0

-1 -1 -1 -1 -1

-2

-7

45 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

46 PARTICIPATION OF PLAYERS SIGNED IN SUMMER- LA LIGA

%Players*

47% 44% 39% 42% 32%

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

Participation of players signed last summer has grown 3% to 42%. New players having participated in more than half of total minutes has never reached 50%

* % players signed or on loan in summer 2013-14 that played more than 50% of minutes until match day 19 47 RANKING USAGE OF NEW PLAYERS 2013/14

%Players*

1/1

100% 4/5 4/5 4/6 6/10 80% 80% 4/7 8/14 67% 5/12 2/5 2/5 2/5 60% 57% 57% 5/13 3/8 3/9 4/13 3/10 42% 40% 40% 40% 38% 38% 3/12 2/9 33% 31% 30% 1/6 25% 22% 17% 0/2 0%

FC Barcelona (Neymar), Celta, Osasuna and Getafe are the teams that have taken best advantage of summer player signings. On the other extreme, Betis, Espanyol, Atlético and Real Sociedad

* % players signed or on loan in summer 2013-14 that played more than 50% of minutes until match day 19 48 PARTICIPATION OF TOP 10 EUROPEAN SIGNINGS 2013/14

%Minutes

87% 79% 76% 72% 72% 72% 65%

46% 44% 34% 33%

Fernandinho Higuaín Özil Cavani Falcao James Neymar Bale Götze Willian Illarramendi

Fernandinho has become the most profitable player from top 10 most expensive of last summer. Higuaín and Özil also among most profitable. On the opposite side, Willian and Illarramendi. Bale, the most expensive player ever, has participated in only 46% of the minutes

Only top 10 most expensive players. Minutes played until match day 19 49 PARTICIPATION OF TOP 10 LA LIGA SIGNINGS 2013-14

%Minutes

70% 65% 64% 52% 52% 47% 46% 34%

16% 7% 0%

Isco Neymar Bacca Pabón Gameiro Beñat Bale Illarramendi Alderweireld Baptistao Guilavogui

Despite not being yet among undisputable first elven in their team, Isco and Neymar played 70% and 65% of minutes respectively. Atlético signings virtually not used

Only top 10 most expensive players. Minutes played until match day 19 50 PARTICIPATION SIGNINGS SUMMER 2014

Matches Minutes % of Matches Cost Club Player Goals played played minutes 1st 11 (mio€)

Bale 12 786 46% 9 8 101

Illarramendi 13 578 34% 6 0 39

Isco 16 1201 70% 15 6 30

Carvajal 16 1076 63% 12 0 6,5

Casemiro 4 100 6% 0 0 6

Neymar 16 1107 65% 12 6 57

* minutes played until match day 19 of La Liga 2013/14

51 RANKING FIELD PLAYERS WITH HIGHEST PARTICIPATION

% minutes played*

100% 100% 100% 99% 98% 95% 95% 95% 94% 94%

Musacchio Gaspar A.Trujillo Peña Rueda Juanfran Gámez Juanfran Antunes Trashorras

Musacchio, Gaspar and Trujillo (Almería) are the only La Liga players that played 100% of the minutes. Respective injuries provoked that for the first time neither Cristiano Ronaldo nor Messi are among the most used players of La Liga

* % minutes played until match day 19 of La Liga 2013/14 52 RANKING TEAMS WITH HIGHEST NUMBER OF FIX PLAYERS*

Nº. of key players*

9 8 8 8 8 7 7 7 7 7 6 6 6 6 6 6 5 4

3 3

Betis

Celta Rayo

Elche

Sevilla

Getafe

Málaga

Almeria

Levante

Valencia

Villarreal

Granada

Osasuna

At.Bilbao

R.Madrid

Espanyol

At.Madrid

Valladolid

R.Sociedad FC Barcelona

Atlético de Madrid is the team with most stable line-up: 9 of its players have participated in more than 70% of the minutes (on the other side Valencia and Betis with just 4). Real Madrid and FC Barcelona have 7 and 6 key players respectively (same as last season)

* Fix players: have played more than 70% of minutes until match day 19 of La Liga 2013/14 53 NUMBER OF PLAYERS* FIELDED BY TEAM

Nº. of players*

27 26 26 25 25 24 24 23 23 23 23 23 23 22 22 22 22 21 21

Betis

Rayo Celta

Elche

Sevilla

Getafe

Málaga

Almeria

Levante

Valencia

Villarreal

Granada

Osasuna

At.Bilbao

R.Madrid

Espanyol

At.Madrid

Valladolid

R.Sociedad FC Barcelona

Betis from Sevilla is for 3rd consecutive year the team that has fielded most different players so far (27). On the other side, Celta fielded 20 different players only

* Players that participated with at least 1 minute until match day 19 of La Liga 2013/14 54 PARTICIPATION OF HOME GROWN PLAYERS BY TEAM

Nº. of players* 18 17 16

10 9 9 8 8 6 5 5 5 5 4 4 4 3 3 2 1

Athletic de Bilbao (18) is again ahead in terms of usage of home grown players. Real Sociedad (17) and FC Barcelona a (16) complete top 3 positions for the third year in a row. On the other side, Granada and Getafe have only used 2 and 1 respectively

* Home grown players that participated with at least 1 minute unitl match day 19 of La Liga 2013/14 55 PARTICIPATION OF HOME GROWN PLAYERS EUROPE

Nº. of players*

8 8 8 6 5 5 5 4 3 3 3 2 2 2

FC Barcelona is again well ahead other European teams in terms of home grown players utilization (among those in the top 3 positions of their leagues). Real Madrid reaches top 3 with 8 home grown players used (7 at 12/13 and 4 at 11/12)

* Home grown players that participated with at least 1 minute unitl match day 19 of La Liga 2013/14 Calculation among top 3 table positions at each of top 5 leagues 56 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

57 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

1. Top 5 European leagues combined 2. Top scorers and assists

58 POINTS ACHIEVED: TOP 10 EUROPE

% Points Total % of achieved Pt Played W D L Gf Ga Points

1 B.Munich 47 17 15 2 0 44 9 92,16

2 Juventus 52 19 17 1 1 46 12 91,23

3 FC Barcelona 50 19 16 2 1 53 12 87,72

4 At.Madrid 50 19 16 2 1 47 11 87,72

5 R.Madrid 47 19 15 2 2 53 21 82,46

6 PSG 44 19 13 5 1 44 13 77,19

7 AS Roma 44 19 13 5 1 39 10 77,19

8 Arsenal 42 19 13 3 3 37 18 73,68

9 SSC Napoli 42 19 13 3 3 41 20 73,68

10 B.Leverkusen 37 17 12 1 4 32 16 72,55

Table after completion of 1st half of each domestic league

59 RANKING % POINTS ACHIEVED LAST 5 YEARS

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

86,70 91,23 85,96 96,49 92,16

78,30 84,31 78,95 82,35 91,23

77,80 84,21 78,95 80,70 87,72

75,00 72,55 77,19 77,19 87,72

Table after completion of 1st half of each domestic league

60 AVERAGE % OF POINTS TOP 3 POSITION TABLE

% of points

85,97%

80,70% 76,47% 73,10% 71,93%

Premier League is the most competitive league so far during season 2013/14 (top 3 teams have collected 71,9% of the points in average). On the opposite side, La Liga top 3 teams have collected 86% of the points 61 Table after completion of 1st half of each domestic league 61 POINTS ACHIEVED: WORST 10

% Points Total % of achieved Pt Played W D L Gf Ga Points

89 West Ham 15 19 3 6 10 18 28 26,32

90 Valenciennes 14 19 3 5 11 17 28 24,56

91 Sunderland 14 19 3 5 11 15 32 24,56

92 AS Livorno 13 19 3 4 12 16 33 22,81

93 Catania 13 19 3 4 12 13 34 22,81

94 FC Nürnberg 11 17 0 11 6 17 33 21,57

95 Eintracht Brau. 11 17 3 2 12 10 32 21,57

96 FC Sochaux 11 19 2 5 12 15 39 19,30

97 R.Betis 11 19 2 5 12 16 38 19,30

98 AC Ajaccio 9 19 1 6 12 13 34 15,79

Table after completion of 1st half of each domestic league

62 POINTS ACHIEVED AT HOME: TOP 10

% Points Total % of achieved Pt Played W D L Gf Ga Points

1 FC Barcelona 27 9 9 0 0 31 6 100,00

2 Man.City 30 10 10 0 0 38 6 100,00

3 B.Munich 27 9 9 0 0 23 5 100,00

4 Juventus 27 9 9 0 0 26 4 100,00

5 At.Madrid 28 10 9 1 0 33 6 93,33

6 Chelsea 28 10 9 1 0 22 8 93,33

7 Borussia Mon. 25 9 8 1 0 25 7 92,59

8 R.Madrid 24 9 8 0 1 30 8 88,89

9 Lille 24 9 8 0 1 14 3 88,89

10 Liverpool 24 9 8 0 1 25 6 88,89

Table after completion of 1st half of each domestic league

63 POINTS ACHIEVED AWAY: TOP 10

% Points Total % of achieved Pt Played W D L Gf Ga Points

1 B.Munich 20 8 6 2 0 21 4 83,33

2 Juventus 25 10 8 1 1 20 8 83,33

3 At.Madrid 22 9 7 1 1 14 5 81,48

4 R.Madrid 23 10 7 2 1 23 13 76,67

5 FC Barcelona 23 10 7 2 1 22 6 76,67

6 PSG 20 9 6 2 1 16 8 74,07

7 Arsenal 22 10 7 1 2 21 12 73,33

8 Tottenham 19 9 6 1 2 11 11 70,37

9 SSC Napoli 19 9 6 1 2 18 12 70,37

10 Man.United 20 10 6 2 2 21 14 66,67

Table after completion of 1st half of each domestic league

64 AVERAGE GOALS SCORED: TOP 10

Average goals Total Avge favor Pt Played W D L Gf Ga Gf

1 Man.City 41 19 13 2 4 54 21 2,84

2 FC Barcelona 50 19 16 2 1 53 12 2,79

3 R.Madrid 47 19 15 2 2 53 21 2,79

4 B.Munich 47 17 15 2 0 44 9 2,59

5 At.Madrid 50 19 16 2 1 47 11 2,47

6 Juventus 52 19 17 1 1 46 12 2,42

7 PSG 44 19 13 5 1 44 13 2,32

8 Liverpool 36 19 11 3 5 44 23 2,32

9 B.Dormund 32 17 10 2 5 38 20 2,24

10 SSC Napoli 42 19 13 3 3 41 20 2,16

Table after completion of 1st half of each domestic league

65 AVERAGE GOALS SCORED: WORST 10

Average goals Total Avge favor Pt Played W D L Gf Ga Gf

89 R.Betis 11 19 2 5 12 16 38 0,84

90 AS Livorno 13 19 3 4 12 16 33 0,84

91 FC Sochaux 11 19 2 5 12 15 39 0,79

92 Sunderland 14 19 3 5 11 15 32 0,79

93 Cardiff City 18 19 4 6 9 15 30 0,79

94 Chievo Verona 17 19 4 5 10 14 24 0,74

95 AC Ajaccio 9 19 1 6 12 13 34 0,68

96 Catania 13 19 3 4 12 13 34 0,68

97 Crystal Palace 16 19 5 1 13 12 28 0,63

98 Eintracht Brau. 11 17 3 2 12 10 32 0,59

Table after completion of 1st half of each domestic league

66 AVERAGE GOALS SCORED AT HOME: TOP 10

Average goals Total Avge favor Pt Played W D L Gf Ga Gf

1 Man.City 30 10 10 0 0 38 6 3,80

2 FC Barcelona 27 9 9 0 0 31 6 3,44

3 R.Madrid 24 9 8 0 1 30 8 3,33

4 At.Madrid 28 10 9 1 0 33 6 3,30

5 Juventus 27 9 9 0 0 26 4 2,89

6 PSG 24 10 7 3 0 28 5 2,80

7 Liverpool 24 9 8 0 1 25 6 2,78

8 Borussia Mon. 25 9 8 1 0 25 7 2,78

9 R.Sociedad 20 9 6 2 1 23 7 2,56

10 B.Leverkusen 22 9 7 1 1 23 10 2,56

Table after completion of 1st half of each domestic league

67 AVERAGE GOALS SCORED AWAY: TOP 10

Average goals Total Avge favor Pt Played W D L Gf Ga Gf

1 B.Munich 20 8 6 2 0 21 4 2,63

2 Inter 13 9 3 4 2 21 11 2,33

3 R.Madrid 23 10 7 2 1 23 13 2,30

4 Hamburgo SV 9 9 2 3 4 20 21 2,22

5 FC Barcelona 23 10 7 2 1 22 6 2,20

6 Man.United 20 10 6 2 2 21 14 2,10

7 Arsenal 22 10 7 1 2 21 12 2,10

8 Hoffenheim 10 8 3 1 4 16 16 2,00

9 B.Dormund 14 8 4 2 2 16 10 2,00

10 SSC Napoli 19 9 6 1 2 18 12 2,00

Table after completion of 1st half of each domestic league

68 AVERAGE GOALS CONCEDED: TOP 10

Average goals Total Avge against Pt Played W D L Gf Ga Ga

1 Lille 40 19 12 4 3 22 8 0,42

2 B.Munich 47 17 15 2 0 44 9 0,53

3 AS Roma 44 19 13 5 1 39 10 0,53

4 At.Madrid 50 19 16 2 1 47 11 0,58

5 FC Barcelona 50 19 16 2 1 53 12 0,63

6 Juventus 52 19 17 1 1 46 12 0,63

7 PSG 44 19 13 5 1 44 13 0,68

8 AS Mónaco 41 19 12 5 2 31 13 0,68

9 FC Nantes 29 19 9 2 8 23 17 0,89

10 B.Leverkusen 37 17 12 1 4 32 16 0,94

Table after completion of 1st half of each domestic league

69 AVERAGE GOALS CONCEDED: WORST 10

Average goals Total Avge against Pt Played W D L Gf Ga Ga

89 FC Nürnberg 11 17 0 11 6 17 33 1,94

90 R.Betis 11 19 2 5 12 16 38 2,00

91 UD Almería 19 19 5 4 10 21 38 2,00

92 FC Sochaux 11 19 2 5 12 15 39 2,05

93 Fulham 16 19 5 1 13 19 41 2,16

94 Sassuolo 17 19 4 5 10 21 41 2,16

95 W.Bremen 19 17 5 4 8 22 37 2,18

96 Hamburgo SV 16 17 4 4 9 33 38 2,24

97 Hoffenheim 18 17 4 6 7 36 38 2,24

98 R.Vallecano 16 19 5 1 13 19 45 2,37

Table after completion of 1st half of each domestic league

70 GOAL DIFFERENCE: TOP 10

Goal Total Goal Difference Pt Played W D L Gf Ga diff

1 FC Barcelona 50 19 16 2 1 53 12 41

2 At.Madrid 50 19 16 2 1 47 11 36

3 B.Munich 47 17 15 2 0 44 9 35

4 Juventus 52 19 17 1 1 46 12 34

5 Man.City 41 19 13 2 4 54 21 33

6 R.Madrid 47 19 15 2 2 53 21 32

7 PSG 44 19 13 5 1 44 13 31

8 AS Roma 44 19 13 5 1 39 10 29

9 SSC Napoli 42 19 13 3 3 41 20 21

10 Liverpool 36 19 11 3 5 44 23 21

Table after completion of 1st half of each domestic league

71 GOAL PROFITABILITY: TOP 10

Goal Total Goal profitability Pt Played W D L Gf Ga prof

1 Lille 40 19 12 4 3 22 8 1,82

2 Tottenham 34 19 10 4 5 22 24 1,55

3 Crystal Palace 16 19 5 1 13 12 28 1,33

4 AS Mónaco 41 19 12 5 2 31 13 1,32

5 UD Levante 23 19 6 5 8 18 27 1,28

6 Nizza 23 19 7 2 10 18 25 1,28

7 Guingamp 24 19 6 6 7 19 19 1,26

8 Stade Reims 29 19 7 8 4 23 21 1,26

9 FC Nantes 29 19 9 2 8 23 17 1,26

10 Toulouse 25 19 6 7 6 20 24 1,25

Table after completion of 1st half of each domestic league

72 AVERAGE GOALS PER GAME BY LEAGUE

Goals / game

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

3,14 3,20 2,86 2,90 2,85 2,91 2,86 2,83 2,82 2,77 2,78 2,74 2,76 2,70 2,68 2,64 2,61 2,57 2,55 2,58 2,49 2,43 2,35 2,32 2,41

Average after completion of 1st half of each league

73 SPORTING RESULTS TREND EUROPEAN TEAMS WITH HIGHEST EXPENDITURE IN SUMMER 2013/14

Summer 2012/13 2013/14 Team Investment League League % % points (Mio€) position position points Real Madrid 183 3 64,91 3 82,46

AS Monaco 166 2 63,15 2 71,93

Tottenham 122 4 57,89 7 59,65

PSG 111 1 66,67 1 77,19

Man.City 107 2 68,42 2 71,93

Napoli 87 3 68,42 3 73,68

Chelsea 78 3 63,16 3 70,18

D.Moscú 67 11 40,00 5 57,77

S.Donetsk 67 1 100 3 74,35

AS Roma 66 6 58,14 2 77,19

Table after completion of 1st half of each domestic league

74 SPORTING RESULTS TREND LA LIGA TEAMS WITH HIGHEST EXPENDITURE IN SUMMER 2013/14

Summer 2011/12 2012/13 Team Investment League League % % points (Mio€) position position points Real Madrid 183 3 64,91 3 82,46

FC Barcelona 57 1 96,49 1 87,72

Sevilla FC 34 13 38,60 7 52,63

At.Madrid 33 2 77,19 2 87,72

Villarreal CF 16 7 50,79 5 59,65

At.Bilbao 15 14 36,84 4 63,16

Valencia CF 14 8 52,63 8 40,35

Granada CF 6 17 29,82 10 40,35

Celta Vigo 5 16 31,58 15 33,33

Real Betis 5 4 59,65 20 19,30

Performance during 1st half of La Liga 75 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

1. Top 5 European leagues combined 2. Top scorers and assists

76 TOP SCORERS TOP 5 EUROPEAN LEAGUES 2013/14

C.Ronaldo 20 Lewandowski 11 Ibrahimovic 15 Luis Suárez 19 Rossi 14 Diego Costa 19 A.Ramos 11 Cavani 12 Kun Agüero 13 Berardi 11 Griezman 12 Mandzukic 10 Aboubakar 11 Rémy 10 Tévez 11 Uche 11 Ibisevic 10 Falcao 9 Sturridge 9 Palacio 10 Pedro 11 Aubameyang 9 Lacazette 9 Rooney 9 Eder 9 A.Sánchez 11 Lasogga 9 Rivière 8 Lukaku 9 Immobile 9 Javi Guerra 11 Kießling 9 Gignac 8 Yaya Touré 9 Higuaín 9 Bacca 9 Raffael 9 Djordjevic 8 Negredo 8 Toni 9 Benzema 9 Reus 8 Gomis 7 Jay Rodríguez 8 Cerci 9 Messi 8 Okazaki 8 Diabaté 7 Ramsey 8 Vidal 8 Gio 8 Müller 8 Oliveira 7 Giroud 8 Callejón 8 Jonas 8 Firmino 8 Hamouma 7 Hazard 8 Gilardino 8 Villa 8 Kruse 8 Cvitanich 7 Vela 8 Rakitic 8

Goals scored during 1st half of each domestic league 77 TOP 10 PLAYERS BY GOAL EFFICACY

Minutes x goal

99,4 99,9 100,6 92,7 95,5 83,9 85,8 85,8 79,2 66,2

Luis Suárez C.Ronaldo Diego Costa Uche Kun Agüero Pedro Berardi Rossi A.Sánchez Messi

Goals scored during 1st half of each domestic league 78 TOP 3 GOAL EFFICACY OF LAST 5 SEASONS

Minutes x goal

88,7 92,5 83,9 80,2 81,6 82,5 79,1 78,9 79,7 79,2 71,2 72,6 63,1 66,2 59,0

Higuaín Messi Forlán Messi M.Gómez C.Ronaldo Higuaín C.Ronaldo Messi Messi Ibrahimovic Falcao L.Suárez C.Ronaldo D.Costa

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

Goals scored during 1st half of each domestic league 79 TOP ASSISTS TOP 5 EUROPEAN LEAGUES 2013/14

Cesc 10 Rooney 8 R.Álvarez 7 Ribéry 7 J.Rodríguez 7 Koke 9 Özil 7 Cerci 7 G.Castro 7 Ibrahimovic 6 Neymar 8 Gerrard 6 Totti 7 Firmino 6 Bedimo 5 Bale 7 Jesús Navas 6 Borja Valero 7 Maxim 6 Gourcuff 4 Rakitic 7 Ramsey 6 Cigarini 6 Mülller 6 Lucas 4 Cani 6 Brunt 5 Higuaín 6 Beister 5 Aurier 4 Susaeta 6 Giroud 5 Rómulo 6 Hermann 5 Ayité 4 Vela 6 Silva 5 Strootman 6 Reus 4 Balmont 4 Gio 6 Lallana 5 Toni 5 Sam 4 Grenier 4 Benzema 5 Lambert 5 Robinho 5 Schmid 4 Moutinho 4 Bacca 5 Mirallas 5 Palacio 5 Van der Vaart 4 Hamouma 4 Ebert 5 Luis Suárez 5 Tévez 5 Gabi 5 Zabaleta 5

Goals scored during 1st half of each domestic league 80 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

81 COMBINED REVENUES TOP 11 ELITE TEAMS

Mio€ 3.864 3.273 2.859 2.890

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

Combined revenues of top European clubs continue to grow and hit yet another record high at season 2012/13 in the verge of 4bio€, fuelling players signing capacity

Source: Deloitte Football Money League. PSG not 82 included. Income from player sales not included INVESTMENT IN NEW PLAYERS TOP 11 ELITE TEAMS

Mio€ 919 830 749 791 702

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

Top 11 European clubs spent almost 1bio€ in player transfers (3rd consecutive year growing), the highest amount ever, showing not sign of limitation from UEFA’s Financial Fair Play regulation

Total summer + winter season 2013/14 83 PLAYER SALES AND NET INVESTMENT TOP 11 ELITE TEAMS

502

350 363 PLAYER 291 285 SALES

Mio€ 556 464 411 441 328 NET INVESTMENT

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

Top European teams did not need to significantly increase income from player sales, and when selling players they normally reinvested the income in bringing new ones

Total summer + winter season 2013/14 84 TOP 11 ELITE TEAMS WEIGHT ON TOTAL EUROPE INVESTMENT

% 42,2% 41,2%

39,2% 37,6% 37,1%

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

The purchasing power continues concentrated in few teams despite Financial Fair Play having come into force

Total summer + winter 85 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

86 CONCLUSIONS STR 2014- WINTER (1 OF 4)

 At the second season of the coming into force of UEFA’s Financial Fair Play we can not conclude yet it has helped to reduce the gap between richest and poorest clubs

 European teams have invested a total of 290mio€ in player transfers at winter window, down 4,3% vs previous season. Investment has now been stable for 3 consecutive years. Winter transfer window continues to be a complement to investment taking place in the summer. This January it represented only 13,5% of amount spent in summer 2012

 Combined investment of summer (the main driver) and winter in top 5 European leagues was in excess of 2,4bio€, up 32% vs last season and record high ever.

 English Premier League lead once again investment in Europe -52% of the total, the highest ever- followed by French League 1. Spending at Italian Serie A dropped 54% while La Liga continues at the bottom for one more year  Investment by Premier League sides was the highest ever and approaches 1bio€, as a result of yet another increase in TV revenues. For second year in a row, Spanish La Liga is the fourth European league in terms of total investment (summer plus winter) in signings

87 CONCLUSIONS STR 2014- WINTER (2 OF 4)

 Premier League has the smallest concentration as top 2 teams (Chelsea & Tottenham) account for 28,7% of total and top 4 for 49,8% (+ManCity and ManU). On the opposite side, Ligue 1 (PSG and Monaco make 73,2%) and La Liga (Real Madrid and FCB 61,2%) are the most polarized tournaments

 Total number of sign-ups in Europe was down 14% to 257. For the 5th season in a row, Italian Serie A registered the highest number of signings (95). Loans and free transfers continue to represent a significant portion of the transactions. For the 5th consecutive season, all leagues have experimented a net decrease in the number of players, as teams are reducing players payroll. Premier League had the highest net decrease, which has been growing for 4 consecutive years

 Sale of Mata to ManU helped Chelsea top again a spending table after signing Matic, Zouma & Salah, closely followed by ManU. No Spanish nor German teams in the top 10

 7 top European teams (AC Milan, Arsenal, Real Madrid, Juventus, ManCity, Bayern and FC Barcelona) did not spent any cash on transfer fees. For ManCity, Bayern and FC Barcelona it was for the 3rd consecutive winter transfer window. Chelsea is the main protagonist of winter window, topping both spending and sales tables. Another Premier League side –Newcastle- and Benfica follow after selling Cabaye and Matic.

 Besides Chelsea, the only top club with sales activity was FC Barcelona (Sanabria to Italian side Sassuolo).

88 CONCLUSIONS STR 2014- WINTER (3 OF 4)

 New signings table was dominated by Serie A sides. Fulham, Cardiff City and Valencia, the only non Italian sides in the top 10 wit 7, 6 and 5 new players respectively. On top of Italian sides, Chelsea (13), ManU (12) and Crystal Palace (12) were among the sides releasing the highest number of players in Europa

 Juan Mata signing by ManU for 45mio€ was the most expensive of the winter, followed by Matic and Cabaye (both 25 mi€). 5 of 10 most expensive moves had Chelsea involved, either selling or buying . Mata, Matic and Cabaye join historical top 10 of most expensive transfers in a winter window, which is still topped by Fernando Torres move to Chelsea for 58,5mio€. 8 out of 10 most expensive winter signings ever, conducted by Premier League sides

 Real Madrid was the side with highest combined investment (summer + winter) of season 2013/14 with 182mio€, even if not spending in winter, followed by Monaco (178), PSG (136), Chelsea (131) and Tottenham (122). ManCity, Napoli, AS Roma, Dinamo Moscow and Shaktar complete top 10.

89 CONCLUSIONS STR 2014- WINTER (3 OF 4)

 La Liga teams invested 12mio€ in new players in January, in line with previous season. The amount is one of the lowest of last 15 seasons and keeps Spanish league at the bottom in Europe. The main portion of investment of the season was conducted in the summer. As a result, investment in January represented only 3% of the summer expenditure at La Liga

 Driven by the signings of Bale (Real Madrid) and Neymar (FC Barcelona), combined investment (summer+winter) in La Liga grew again and was the second highest of the last 6 years (400mio€, of which 60% by Real and Barça). Even with the impact of winter investment growth, season 2012/13 will have seen a 62% decline (to 140mio€) in La Liga new players total expenditure, the lowest among top European leagues and of the last 5 years

 Only 5 out of 20 La Liga teams signed players this winter paying a transfer fee. The other 15 teams have not paid any transfer fees for 3 years in a row

 Atletico Madrid gets confirmed as the driving force of winter transfer window at La Liga, with a total investment of 24mio€ in 5 years. Real Madrid and FC Barcelona rarely make any investments in January

90 CONCLUSIONS STR 2014- WINTER (4 OF 4)

 Canales (Real Sociedad; 3,5mio€) and Araujo (Valencia; 3,5mio€) were the most expensive signings at la Liga transfer window. Top 10 most ranking of most expensive winter signings ever remains unchanged for second year in a row

 La Liga sides collected 10,6mio€ from player sales in January, offsetting most of the expenditure and resulting in just 1mio€ of net investment. FC Barcelona toped the list of revenues from players transfers after selling youngster Toni Sanabria to Sassuolo for 4,5mio€. Valencia (3,5mio€) and Villarreal (2,5) were the only other sides that collected money from player sales

 A total of 38 players were signed by La Liga sides in January, down from 44 last season. Loans and free transfers are still very popular and represented almost half of the moves. Just like it happened at the other top European leagues, La Liga teams took advantage of winter transfer window to reduce the number of players in their squads  Valencia was the most active La Liga team in January, bringing 5 new players and releasing 6. Real Madrid, FC Barcelona, Sevilla, Espanyol and Ath Bilbao did not sign any new players. Sevilla was the team that most reduced players in squad, by releasing 7 players and not bringing anyone. Neither Real Madrid nor FC Barcelona released any first squad players

91 SUMMARY: ON GOING SEASON REVIEW

 Participation of players signed last summer has grown 3% to 42%. New players having participated in more than half of total minutes has never reached 50%. FC Barcelona (Neymar), Celta, Osasuna and Getafe are the teams that have taken best advantage of summer player signings. On the other extreme, Betis, Espanyol, Atlético and Real Sociedad

 Fernandinho has become the most profitable player from top 10 most expensive of last summer. Higüain and Özil also among most profitable. On the opposite side, Willian and Illarramendi. Despite not being yet among undisputable first elven in their team, Isco and Neymar played 70% and 65% of minutes respectively. Atlético signings virtually not used

 Musacchio, Gaspar and Trujillo (Almería) are the only La Liga players that played 100% of the minutes. Respective injuries provoked that for the first time neither Cristiano Ronaldo nor Messi are among the most used players of La Liga

 Atlético de Madrid is the team with most stable line-up: 9 of its players have participated in more than 70% of the minutes (on the other side Valencia and Betis with just 4). Real Madrid and FC Barcelona have 7 and 6 key players respectively (same as last season)

92 SUMMARY: ON GOING SEASON REVIEW

 Betis from Sevilla is for 3rd consecutive year the team that has fielded most different players so far (27). On the other side, Celta fielded 20 different players only. Athletic de Bilbao (20) is well ahead in terms of usage of home grown players. Real Sociedad (16) and FC Barcelona a (15) complete top 3 positions for the third year in a row. On the other side, Granada did not field any home grown player for 2 consecutive seasons

 Betis from Sevilla is for 3rd consecutive year the team that has fielded most different players so far (27). On the other side, Celta fielded 20 different players only

 Athletic de Bilbao (18) is again ahead in terms of usage of home grown players. Real Sociedad (17) and FC Barcelona a (16) complete top 3 positions for the third year in a row. On the other side, Granada and Getafe have only used 2 and 1 respectively

 FC Barcelona is again well ahead other European teams in terms of home grown players utilization (among those in the top 3 positions of their leagues). Real Madrid reaches top 3 with 8 home grown players used (7 at 12/13 and 4 at 11/12)

93 SUMMARY- EUROPEAN FOOTBALL TABLE 2013/14

 Guardiola’s Bayern Munich tops European Football Table for the first time, having achieved 92,2% of total points possible (82,4% last year). Juventus achieved the best rate of an Italian team in recent years with 91,2% of the point (vs 77,2% last year). Arsenal is the only Premiership team in top 10 as a result of one of most competitive seasons in England.

 Socheaux (Ligue 1), Betis (La Liga) and Ajaccio (Ligue 1) are the worst teams in Europe

 FC Barcelona, Manchester City, Bayern Munich and Juventus are the only teams that have won all home games. Bayern Munich and Juventus are also the best teams playing away, with 83,3% points rate during first half of the league

 Manchester City is top scoring side in Europe, with an average of 2,84 goals per game, just ahead of Real Madrid and FC Barcelona (2,79). The Citizens home average is even better with 3,80 goals per game, the highest in recent years

 Lille has the best defense in Europe, having conceded an average of just 0,42 goals per game, followed by Bayern Munich and AS Roma

94 SUMMARY- EUROPEAN FOOTBALL TABLE 2013/14

 FC Barcelona has the highest favorable goal difference in Europe (+41), followed by Atlético (+36) and Bayern Munich (+35)

 Lille (1,82 points per goal in average), Tottenham (1,55) and Crystal Palace (1,33) are the teams with best goal profitability in Europe

 La Liga BBVA has increased the average goals per game for the 3rd year in a row (2,61 in 2011/12, 2,85 in 2012/13 and 2,91 in 2013/14)

 German Bundesliga is the most prolific European league for 4th consecutive season, with record high 3,2 goals per match in average. La Liga maintains second position (2,91) and Premier League has fallen to 4th position for the 1st time (2,68 goals per match, -5% vs previous season)

 Investment in new players brought better pitch performance, as 8 of the top 10 spending sides of the summer in Spain have improved their points rate. Real Madrid shows the best improvement while FC Barcelona and Betis fail to capitalise the expenditure in new players last summer getting a lower percentage of points than last year

95 SUMMARY- EUROPEAN FOOTBALL TABLE 2013/14

 Cristiano Ronaldo is the best striker in Europe with 20 goals, followed by Diego Costa and Luis Suárez (19 each). The Uruguayan achieved the best goals efficacy in Europe by scoring a goal every 66 minutes, close to record rate by Messi at season 2012/13 (scoring every 59 minutes)  Cesc Fàbregas is the best in Europe in terms of assists, with 10 in total, ahead of Atlético’s Koke (9), Wayne Rooney (8) and Neymar (8)

96 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

97 ANNEXES

1. Tables 2. About Prime Time Sport

98 AVERAGE ACQUISITION COST PER PLAYER AND LEAGUE*

Mio€

2,94

1,46

0,89

0,44 0,31

* Incluye tanto jugadores fichados como cedidos 99 LIST OF HOME GROWN PLAYERS BY TEAM

Club Home grown players

Piqué, Cesc, V.Valdés, Iniesta, Busquets, Xavi, Pedro, Messi, Montoya, Bartra, Alba, Puyol, Tello, S.Roberto, Dos Santos, Adama

Diego López, Carvajal, Arbeloa, Nacho, Morata, Jesé, Casillas, Jesús

Koke, Gabi, Mario Suárez, Oliver, Manquillo

Bernat, Fede Cartabia, Guaita, Paco Alcácer, Míchel

Alberto Moreno, Cala, Reyes, Varas, Julian

I.Martínez, C.Martínez, Griezman, Bergara, X.Prieto, Pardo, Aguirretxe, M.González, Ansotegi, Zurutuza, Elustondo, Ros, Estrada, Sangalli, Zaldua, Gaztañaga, Zubikarai

Laporte, Iraola, Gurpegui, Susaeta, Iraizoz, Muniain, Iturraspe, Aduriz, Beñat, San José, Ibai, Herrerín, Erik Morán, Saborit, Guillermo, Ekiza, Albizua, Etxeita

Vadillo, Nono, Caro

A. García, Fatau

Kiko Casilla, D.López, J.López, R.Rodríguez, Thievy, Capdevila, V.Álvarez, Clerc, Parreño, Tejera

100 LIST OF HOME GROWN PLAYERS BY TEAM

Club Home grown players

Gaspar, Bruno Soriano, Costa, Trigueros, Iñiguez, Moises, Matías, Juan Carlos

Gámez, Portillo, Samuel, Olinga, Juanmi

Arroyo

Yoel, Hugo Mallo, Oubiña, Álex López, David Costas, Mina, Jonny, Madinda, Vila

Torres, Puñal, Oier, Loé, Manuel, Flaño, José Garcia, Echaide, Eneko

Charlie, C.Herrera, Álvaro

Juanfran, Rubén, Rodas, Camarasa, Angel, Jason

Lass, Perea, Embarba, Ramiro

Rueda, Baraja, Zubi

Trujillo, Azeez, Zongo, Kim

101 POINTS ACHIEVED AT HOME: WORST 10

% Points Total % of achieved Pt Played W D L Gf Ga Points

89 Aston Villa 8 10 2 2 6 7 14 26,67

90 Eintracht Brau. 7 9 2 1 6 5 14 25,93

91 Fulham 7 9 2 1 6 11 17 25,93

92 Sunderland 7 9 2 1 6 10 16 25,93

93 SC Freiburg 6 8 1 3 4 7 15 25,00

94 R.Vallecano 6 9 2 0 7 10 23 22,22

95 Valenciennes 6 9 1 3 5 7 10 22,22

96 FC Nürnberg 5 8 0 5 3 5 14 20,83

97 AC Ajaccio 6 10 1 3 6 9 16 20,00

98 E.Frankfurt 4 8 0 4 4 10 14 16,67

Table after completion of 1st half of each domestic league

102 POINTS ACHIEVED AWAY: WORST 10

% Points Total % of achieved Pt Played W D L Gf Ga Points

89 Stoke City 5 10 1 2 7 8 23 16,67

90 AS Livorno 4 9 1 1 7 5 16 14,81

91 Nizza 4 9 1 1 7 3 15 14,81

92 Atalanta 4 10 1 1 8 7 18 13,33

93 SC Bastia 4 10 0 4 6 8 21 13,33

94 AC Ajaccio 3 9 0 3 6 4 18 11,11

95 R.Betis 2 9 0 2 7 6 24 7,41

96 FC Sochaux 1 10 0 1 9 7 28 3,33

97 Catania 0 10 0 0 10 6 27 0,00

98 Hannover 96 0 8 0 0 8 6 20 0,00

Table after completion of 1st half of each domestic league

103 AVERAGE GOALS SCORED AT HOME: WORST 10

Average goals Total Avge favor Pt Played W D L Gf Ga Gf

89 SC Freiburg 6 8 1 3 4 7 15 0,88

90 FC Nürnberg 5 8 0 5 3 5 14 0,63

91 AC Ajaccio 6 10 1 3 6 9 16 0,90

92 Eintracht Brau. 7 9 2 1 6 5 14 0,56

93 Crystal Palace 10 9 3 1 5 7 13 0,78

94 Aston Villa 8 10 2 2 6 7 14 0,70

95 FC Sochaux 10 9 2 4 3 8 11 0,89

96 Valenciennes 6 9 1 3 5 7 10 0,78

97 Elche FC 9 10 2 3 5 7 11 0,70

98 Catania 13 9 3 4 2 7 7 0,78

Table after completion of 1st half of each domestic league

104 AVERAGE GOALS SCORED AWAY: WORST 10

Average goals Total Avge favor Pt Played W D L Gf Ga Gf

89 Catania 0 10 0 0 10 6 27 0,60

90 AS Livorno 4 9 1 1 7 5 16 0,56

91 Cardiff City 6 9 1 3 5 5 15 0,56

92 Guingamp 7 9 1 4 4 5 10 0,56

93 Crystal Palace 6 10 2 0 8 5 15 0,50

94 Sunderland 7 10 1 4 5 5 16 0,50

95 Chievo Verona 9 10 2 3 5 5 13 0,50

96 AC Ajaccio 3 9 0 3 6 4 18 0,44

97 Cagliari 5 9 0 5 4 4 11 0,44

98 Nizza 4 9 1 1 7 3 15 0,33

Table after completion of 1st half of each domestic league

105 AVERAGE GOALS CONCEDED AT HOME: TOP 10

Average goals Total Avge against Pt Played W D L Gf Ga Ga

1 AS Roma 26 10 8 2 0 24 2 0,20

2 Lille 24 9 8 0 1 14 3 0,33

3 Juventus 27 9 9 0 0 26 4 0,44

4 PSG 24 10 7 3 0 28 5 0,50

5 SC Bastia 20 9 6 2 1 13 5 0,56

6 B.Munich 27 9 9 0 0 23 5 0,56

7 Hull City 18 10 5 3 2 15 6 0,60

8 AS Mónaco 23 10 7 2 1 17 6 0,60

9 At.Madrid 28 10 9 1 0 33 6 0,60

10 Man.City 30 10 10 0 0 38 6 0,60

Table after completion of 1st half of each domestic league

106 AVERAGE GOALS CONCEDED AT HOME: WORST 10

Average goals Total Avge against Pt Played W D L Gf Ga Ga

89 FC Nürnberg 5 8 0 5 3 5 14 1,75

90 E.Frankfurt 4 8 0 4 4 10 14 1,75

91 Sunderland 7 9 2 1 6 10 16 1,78

92 SC Freiburg 6 8 1 3 4 7 15 1,88

93 Fulham 7 9 2 1 6 11 17 1,89

94 Hamburgo SV 7 8 2 1 5 13 17 2,13

95 W.Bremen 11 8 3 2 3 10 18 2,25

96 Sassuolo 10 9 3 1 5 12 21 2,33

97 Hoffenheim 8 9 1 5 3 20 22 2,44

98 R.Vallecano 6 9 2 0 7 10 23 2,56

Table after completion of 1st half of each domestic league

107 AVERAGE GOALS CONCEDED AWAY: TOP 10

Average goals Total Avge against Pt Played W D L Gf Ga Ga

1 B.Munich 20 8 6 2 0 21 4 0,50

2 Lille 16 10 4 4 2 8 5 0,50

3 At.Madrid 22 9 7 1 1 14 5 0,56

4 FC Barcelona 23 10 7 2 1 22 6 0,60

5 B.Leverkusen 15 8 5 0 3 9 6 0,75

6 AS Mónaco 18 9 5 3 1 14 7 0,78

7 Juventus 25 10 8 1 1 20 8 0,80

8 AC Fiorentina 17 10 5 2 3 14 8 0,80

9 O.Marsella 16 10 4 4 2 13 8 0,80

10 PSG 20 9 6 2 1 16 8 0,89

Table after completion of 1st half of each domestic league

108 AVERAGE GOALS CONCEDED AWAY: WORST 10

Average goals Total Avge against Pt Played W D L Gf Ga Ga

89 Stoke City 5 10 1 2 7 8 23 2,30

90 Norwich 7 9 2 1 6 6 21 2,33

91 VfB Stuttgart 10 9 3 1 5 16 21 2,33

92 Hamburgo SV 9 9 2 3 4 20 21 2,33

93 Mainz 05 10 8 3 1 4 13 19 2,38

94 Fulham 9 10 3 0 7 8 24 2,40

95 Hannover 96 0 8 0 0 8 6 20 2,50

96 R.Betis 2 9 0 2 7 6 24 2,67

97 Catania 0 10 0 0 10 6 27 2,70

98 FC Sochaux 1 10 0 1 9 7 28 2,80

Table after completion of 1st half of each domestic league

109 GOAL DIFFERENCE: WORST 10

Goal Total Goal Difference Pt Played W D L Gf Ga diff

89 Sunderland 14 19 3 5 11 15 32 -17

90 AS Livorno 13 19 3 4 12 16 33 -17

91 Sassuolo 17 19 4 5 10 21 41 -20

92 AC Ajaccio 9 19 1 6 12 13 34 -21

93 Catania 13 19 3 4 12 13 34 -21

94 Eintracht Brau. 11 17 3 2 12 10 32 -22

95 R.Betis 11 19 2 5 12 16 38 -22

96 Fulham 16 19 5 1 13 19 41 -22

97 FC Sochaux 11 19 2 5 12 15 39 -24

98 R.Vallecano 16 19 5 1 13 19 45 -26

Table after completion of 1st half of each domestic league

110 GOAL DIFFERENCE AT HOME: TOP 10

Goal Total Goal Difference Pt Played W D L Gf Ga diff

1 Man.City 30 10 10 0 0 38 6 32

2 At.Madrid 28 10 9 1 0 33 6 27

3 FC Barcelona 27 9 9 0 0 31 6 25

4 PSG 24 10 7 3 0 28 5 23

5 AS Roma 26 10 8 2 0 24 2 22

6 Juventus 27 9 9 0 0 26 4 22

7 R.Madrid 24 9 8 0 1 30 8 22

8 Liverpool 24 9 8 0 1 25 6 19

9 B.Munich 27 9 9 0 0 23 5 18

10 Borussia Mon. 25 9 8 1 0 25 7 18

Table after completion of 1st half of each domestic league

111 GOAL DIFFERENCE AT HOME: WORST 10

Goal Total Goal Difference Pt Played W D L Gf Ga diff

89 Crystal Palace 10 9 3 1 5 7 13 -6

90 AS Livorno 9 10 2 3 5 11 17 -6

91 Aston Villa 8 10 2 2 6 7 14 -7

92 AC Ajaccio 6 10 1 3 6 9 16 -7

93 SC Freiburg 6 8 1 3 4 7 15 -8

94 W.Bremen 11 8 3 2 3 10 18 -8

95 Eintracht Brau. 7 9 2 1 6 5 14 -9

96 FC Nürnberg 5 8 0 5 3 5 14 -9

97 Sassuolo 10 9 3 1 5 12 21 -9

98 R.Vallecano 6 9 2 0 7 10 23 -13

Table after completion of 1st half of each domestic league

112 GOAL DIFFERENCE AWAY: TOP 10

Goal Total Goal Difference Pt Played W D L Gf Ga diff

1 B.Munich 20 8 6 2 0 21 4 17

2 FC Barcelona 23 10 7 2 1 22 6 16

3 Juventus 25 10 8 1 1 20 8 12

4 Inter 13 9 3 4 2 21 11 10

5 R.Madrid 23 10 7 2 1 23 13 10

6 At.Madrid 22 9 7 1 1 14 5 9

7 Arsenal 22 10 7 1 2 21 12 9

8 PSG 20 9 6 2 1 16 8 8

9 AS Mónaco 18 9 5 3 1 14 7 7

10 AS Roma 18 9 5 3 1 15 8 7

Table after completion of 1st half of each domestic league

113 GOAL DIFFERENCE AWAY: WORST 10

Goal Total Goal Difference Pt Played W D L Gf Ga diff

89 SC Bastia 4 10 0 4 6 8 21 -13

90 R.Vallecano 10 10 3 1 6 9 22 -13

91 AC Ajaccio 3 9 0 3 6 4 18 -14

92 Hannover 96 0 8 0 0 8 6 20 -14

93 Stoke City 5 10 1 2 7 8 23 -15

94 Norwich City 7 9 2 1 6 6 21 -15

95 Fulham 9 10 3 0 7 8 24 -16

96 R.Betis 2 9 0 2 7 6 24 -18

97 Catania 0 10 0 0 10 6 27 -21

98 FC Sochaux 1 10 0 1 9 7 28 -21

Table after completion of 1st half of each domestic league

114 TABLE LA LIGA

Liga BBVA % of Table Pt Played W D L Gf Ga points 1 FC Barcelona 50 19 16 2 1 53 12 87,72 2 At.Madrid 50 19 16 2 1 47 11 87,72 3 R.Madrid 47 19 15 2 2 53 21 82,46 4 At.Bilbao 36 19 11 3 5 32 24 63,16 5 Villarreal CF 34 19 10 4 5 37 21 59,65 6 R.Sociedad 32 19 9 5 5 36 28 56,14 7 Sevilla FC 30 19 8 6 5 36 30 52,63 8 Valencia CF 23 19 7 2 10 26 31 40,35 9 Getafe CF 23 19 7 2 10 20 31 40,35 10 Granada CF 23 19 7 2 10 19 25 40,35 11 UD Levante 23 19 6 5 8 18 27 40,35 12 Espanyol 22 19 6 4 9 22 25 38,60 13 Osasuna 21 19 6 3 10 17 29 36,84 14 Málaga CF 20 19 5 5 9 19 24 35,09 15 Celta Vigo 19 19 5 4 10 23 31 33,33 16 UD Almería 19 19 5 4 10 21 38 33,33 17 Elche FC 18 19 4 6 9 17 28 31,58 18 R.Valladolid 16 19 3 7 9 21 33 28,07 19 R.Vallecano 16 19 5 1 13 19 45 28,07 115 TABLE PREMIER LEAGUE

Premier League % of Table Pt Played W D L Gf Ga points 1 Arsenal 42 19 13 3 3 37 18 73,68 2 Man.City 41 19 13 2 4 54 21 71,93 3 Chelsea 40 19 12 4 3 35 19 70,18 4 Everton 37 19 10 7 2 31 18 64,91 5 Liverpool 36 19 11 3 5 44 23 63,16 6 Man.United 34 19 10 4 5 32 22 59,65 7 Tottenham 34 19 10 4 5 22 24 59,65 8 Newcastle 33 19 10 3 6 29 24 57,89 9 Southampton 27 19 7 6 6 26 20 47,37 10 Hull City 23 19 6 5 8 22 23 40,35 11 Swansea 21 19 5 6 8 24 25 36,84 12 Stoke City 21 19 5 6 8 18 29 36,84 13 Aston Villa 20 19 5 5 9 18 25 35,09 14 Norwich 19 19 5 4 10 16 32 33,33 15 WBA 18 19 3 9 7 22 27 31,58 16 Cardiff City 18 19 4 6 9 15 30 31,58 17 Crystal Palace 16 19 5 1 13 12 28 28,07 18 Fulham 16 19 5 1 13 19 41 28,07 19 West Ham 15 19 3 6 10 18 28 26,32 116 TABLE SERIE A

Serie A % of Table Pt Played W D L Gf Ga points 1 Juventus 52 19 17 1 1 46 12 91,23 2 AS Roma 44 19 13 5 1 39 10 77,19 3 SSC Napoli 42 19 13 3 3 41 20 73,68 4 AC Fiorentina 37 19 11 4 4 34 20 64,91 5 Inter 32 19 8 8 3 38 23 56,14 6 Hellas Verona 32 19 10 2 7 34 30 56,14 7 Parma 26 19 6 8 5 29 26 45,61 8 Torino 26 19 6 8 5 31 27 45,61 9 Lazio 24 19 6 6 7 23 26 42,11 10 Genoa 23 19 6 5 8 19 24 40,35 11 AC Milan 22 19 5 7 7 31 30 38,60 12 Sampdoria 21 19 5 6 8 22 27 36,84 13 Cagliari Calcio 21 19 4 9 6 19 28 36,84 14 Atalanta 21 19 6 3 10 20 29 36,84 15 Udinese 20 19 6 2 11 18 28 35,09 16 Chievo Verona 17 19 4 5 10 14 24 29,82 17 Sassuolo 17 19 4 5 10 21 41 29,82 18 Bologna 16 19 3 7 9 17 33 28,07 19 AS Livorno 13 19 3 4 12 16 33 22,81 117 TABLE BUNDESLIGA

Bundesliga % of Table Pt Played W D L Gf Ga points 1 Bayern Munich 44 17 15 2 0 44 9 92,16 2 B.Leverkusen 37 17 12 1 4 32 16 72,55 3 Borussia Mon. 33 17 10 3 4 35 19 64,71 4 B.Dormund 32 17 10 2 5 38 20 62,75 5 Wolfsburgo 30 17 9 3 5 28 19 58,82 6 Herta BSC 28 17 8 4 5 27 20 54,90 7 Shalke 04 28 17 8 4 5 32 28 54,90 8 FC Augsburg 24 17 7 3 7 21 25 47,06 9 Mainz 05 24 17 7 3 7 25 31 47,06 10 VfB Stuttgart 19 17 5 4 8 30 33 37,25 11 Werder Bremen 19 17 5 4 8 22 37 37,25 12 Hoffenheim 18 17 4 6 7 36 38 35,29 13 Hannover 96 18 17 5 3 9 23 31 35,29 14 Hamburgo SV 16 17 4 4 9 33 38 31,37 15 E.Frankfurt 15 17 3 6 8 20 29 29,41 16 SC Freiburg 14 17 3 5 9 16 31 27,45 17 FC Nürnberg 11 17 0 11 6 17 33 21,57 18 E. Braunschweig 11 17 3 2 12 10 32 21,57

118 TABLE LIGUE 1

Ligue 1 % of Table Pt Played W D L Gf Ga points 1 PSG 44 19 13 5 1 44 13 77,19 2 AS Mónaco 41 19 12 5 2 31 13 71,93 3 Lille 40 19 12 4 3 22 8 70,18 4 Saint-Étienne 33 19 10 3 6 28 20 57,89 5 G.Bordeus 31 19 8 7 4 27 21 54,39 6 O.Marsella 29 19 8 5 6 27 20 50,88 7 FC Nantes 29 19 9 2 8 23 17 50,88 8 Stade Reims 29 19 7 8 4 23 21 50,88 9 FC Lorient 27 19 8 3 8 26 26 47,37 10 O.Lyon 25 19 6 7 6 28 27 43,86 11 Toulouse 25 19 6 7 6 20 24 43,86 12 Guingamp 24 19 6 6 7 19 19 42,11 13 SC Bastia 24 19 6 6 7 21 26 42,11 14 Nizza 23 19 7 2 10 18 25 40,35 15 Stade Rennes 21 19 5 6 8 19 31 36,84 16 Évian 20 19 5 5 9 19 32 35,09 17 Montpellier 17 19 2 11 6 18 24 29,82 18 Valenciennes 14 19 3 5 11 17 28 24,56 19 FC Sochaux 11 19 2 5 12 15 39 19,30 119 SOCCEREX TRANSFER REVIEW 2014- WINTER WINDOW

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