Britex may affect Premiership transfer News

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Britex may affect Premiership transfer

By Daily Sports on June 25, 2016

British football clubs could find it more difficult to buy summer targets after the UK's decision to leave the European Union, an expert has warned.

Transfer fees and wages may rise, said Simon Chadwick, professor of sports enterprise at Salford University.

"Clubs could suddenly find players are much more expensive because the pound is worth less," he told BBC Sport.

Football Association chairman Greg Dyke said the decision could have "quite an impact on English football".

He said the full impact of leaving the EU might not be known for two years.

"It would be a shame if some of the great European players can't come here but I don't think that will happen. Whether the total number reduces will depend on the terms of the exit," said Dyke.

"My personal view has always been that the decline in the number of English players in Premier League first teams - we're down to about 30% now - is a shame. If it increases the number of English players, that is to be welcomed. But you don't want to lose the best European players coming here."

The decision could give homegrown youngsters a better chance of breaking into the first teams of top clubs, said Gordon Taylor, chief executive of the Professional Footballers' Association.

"These youngsters are not always having a chance. They are connected to clubs from the age of eight and then joining at 16 and some 500 out of 600 are out of the game by the time they are 21," said Taylor.

Players' wages, the staging of big events and the Premier League brand could all be affected, according to Chadwick.

"Our sport for several decades has been underpinned by European Union legislation. We are going to have to think about new rules and new ways of doing things through a period of uncertainty and I think incredible instability, and that could last anything up to five, possibly 10 years." he said.

"The most immediate impact in the short term will be upon this transfer window. What we've seen over the last few hours is the pound plummeting in value by as much as 10% at certain stages."

Players could be more reluctant to move to clubs in the UK if the value of their potential salaries has fallen, added Chadwick.

However, the Premier League said it would continue to be a "hugely successful sporting competition that has strong domestic and global appeal" regardless of the referendum result.

"Given the uncertain nature of what the political and regulatory landscape might be following the 'Leave' vote, there is little point second guessing the implications until there is greater clarity," a spokesman said.

"Clearly, we will continue to work with Government and other bodies whatever the outcome of any process." (bbc.com)

Source Daily Sports

Posted June 25, 2016