Sports
EPL Squads Drop £1.6bn In Value
An estimated £1.6billion has been wiped off the value of Premier League squads because of the Coronavirus crisis, according to a football statistics website.
Transfermarkt calculates a player’s value using a variety of data and the aggregated estimates of site users.
It predicts a widespread drop in prices, with Manchester City suffering the biggest loss of around £225m.
“The stock market prices collapsed,” said site founder Matthias Seidel.
“Many clubs could be threatened by insolvency and transfer plans come to a standstill because of the many uncertainties.”
Transfermarkt takes into account a variety of statistics, including a player’s age, length of contract and any previous transfer fees. Those are then discussed in detail with the site’s community, before coming up with an estimated value.
With the coronavirus crisis likely to cause a sharp drop in revenue and therefore put a lot of team’s transfer plans on hold, the site believes there will be a knock-on effect with transfer fees.
It has cut 20% off the value of players born before 1998, with those born after 1998 seeing their value cut by 10%.
This is because the value of players aged 22 or younger generally holds up more than older players, therefore teams who have a lot of key players aged over 22 are likely to suffer the biggest drop in value.
Manchester City’s Raheem Sterling, 25, is still valued as the Premier League’s most expensive player, but his price has dropped by £29m to £115m.
In total, City’s squad value has dropped from around £1.1bn to £917m.
Premier League leaders Liverpool have lost the second largest amount, with an estimated £205m wiped off the value of their players, including the likes of Mohamed Salah, Sadio Mane and Virgil van Dijk.
Norwich City are estimated to have suffered the least losses, with their squad value dropping by £21m £119m.
That is primarily because a number of their most valuable players – including Todd Cantwell, Max Aarons, Ben Godfrey and Jamal Lewis – were all born after 1998.
That pattern is followed across football’s other major leagues, with Transfermarkt estimating around £9bn has been wiped off the value of players globally.
Though these figures are estimates, the prospect of transfer fees dropping significantly as a result of the coronavirus pandemic is likely.
The decision comes after Benin failed to secure approval for any of their home stadiums from the Confederation of African Football.
As a result, the federation opted to play its “home” fixture at the Stade de Kégué in Lomé.
The first leg of the second-round qualifier will be held in Togo on October 24, whilst the return leg will take place four days later in Nigeria on October 28.
The aggregate winner over the two legs will advance to the 2026 WAFC
Ferdinand soared to victory on Saturday, lifting an impressive 153kg to clinch gold in the women’s up to 79kg category and further cement Nigeria’s legacy in the sport.
Her remarkable feat added to Nigeria’s growing medal haul at the historic championship after Nworgu had earlier won silver in the 50kg category, whilst Ajiboye claimed bronze in the same class.
Nworgu narrowly missed gold to Venezuela’s Clara Fuentes, who edged her out for the top spot in a fiercely contested competition.
The Director General of the National Sports Commission, Hon. Bukola Olopade, congratulated the athletes on their outstanding performances, commending their relentless drive and patriotic spirit.
“Our athletes continue to make us proud, showing the world that Nigeria is a force to be reckoned with in para powerlifting. Their bright start in Cairo reflects the depth of talent, discipline, and dedication that define Nigerian sports,” Olopade said.
“The NSC remains steadfast in providing the necessary support to ensure our champions keep soaring.”
The 11th World Para Powerlifting Championships, taking place from October 9 to 18, 2025, marks the first-ever edition to be hosted on African soil, a milestone event highlighting the continent’s growing influence in adaptive sports.
The National Sports Commission had expressed confidence in the team’s readiness and determination to uphold Nigeria’s longstanding reputation as a force to be reckoned with in global para powerlifting.
The hosting of the championships in Cairo represents a significant moment for African para sports, providing an opportunity to showcase the continent’s growing infrastructure and commitment to disability sports.
Nigeria has established itself as one of the leading nations in para powerlifting, consistently winning medals at major international competitions, including the Paralympic Games and World Championships.
The 10-day competition has attracted top para powerlifters from across the globe, all vying for world titles in their respective weight categories.
The National Sports Commission reaffirmed its commitment to supporting Team Nigeria throughout the competition as the athletes aim for more podium finishes and continue to make the nation proud.
Nigeria’s strong start in Cairo has raised expectations that more medals will follow as the championship progresses, with several other Nigerian lifters yet to compete in their respective weight categories.
The NEC said the only intention of the suspended members of the association is to create confusion, wondering why they leverage the use of thugs to create confusion while colluding with illegal security operatives.
In a firm resolution reached by the NEC and endorsed by the National Secretariat, SWAN reaffirmed that Ms. Olatutu Oladunni and Mr. Bello Omotunde, former Chairperson and Secretary of the Lagos Chapter respectively, remain indefinitely suspended from all activities and structures of the association.
The association has consequently petitioned the Inspector-General of Police (IGP) and the Director-General of the Department of State Services (DSS), drawing attention to what it described as a dangerous pattern of intimidation, impersonation, and misuse of security operatives by the suspended duo to disrupt peace within the Lagos sporting and journalistic community.
In the petition signed by SWAN National President, Mr. Isaiah Benjamin, and Secretary-General, Amb. Ikenna Okonkwo, the association said the suspended officials are attempting to stage an unauthorised election in Lagos on Thursday, October 9, 2025, despite prior notification of their suspension to both the Lagos State Police Command and the DSS Directorate.
SWAN recalled that during the Lagos SWAN Congress held on September 17, 2025, Ms. Oladunni mobilised more than eleven (11) police vehicles and armed operatives to a peaceful gathering of sports journalists — describing the act as “a brazen show of force, abuse of privilege, and a deliberate attempt to intimidate members.
“The so-called Lagos election is not only illegal but also an affront to the authority of the National Executive Council,” the NEC resolution stated. “The individuals behind this plot have no mandate or legitimacy to act in the name of SWAN. Their continued defiance constitutes gross misconduct and will attract further disciplinary measures.”
The association warned that any security officer or agency that lends support to the illegitimate exercise would be aiding an unlawful activity and undermining the association’s recognised constitutional order.
SWAN therefore, urged the IGP and DG DSS to restrain the suspended officials, maintain neutrality, and prevent any misuse of security institutions in matters internal to professional associations.
Reaffirming its authority, the NEC through the National Secretariat, reserves the power to supervise or approve elections in state chapters, stressing that any activity outside that structure “is null, void, and of no effect whatsoever.”
“The NEC of SWAN stands firm in defending the unity, credibility, and sanctity of the association,” the statement added. “We will not permit any act of indiscipline, impersonation, or external interference that threatens our stability and professional integrity.”
The association further assured all members nationwide of its commitment to due process, accountability, and the protection of journalists’ rights, urging them to disregard the actions of the suspended individuals and remain guided by the decisions of the National Executive Council.
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