Neymar Case: The value of top footballers, bubbles, and pitfalls of the free market

Eran Yashiv of Tel Aviv Univ has a piece:

The €222 million transfer of Neymar to PSG calls into question whether football superstars are a good investment. Using the financial details of the transfer, this column argues that, at the price paid, Neymar has a negative net present value. While there are other explanations for PSG’s willingness to pay, in purely economic terms his contract seems a bad investment. Policymakers might use this type of calculation to justify intervening in the transfer market through regulation and taxation.

 Hmm..

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