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Football market out of control

Published:Tuesday | August 15, 2017 | 12:00 AM


In order to get Brazil superstar Neymar, PSG has had to pay US$263 million to cover the buyout clause in Neymar's Barcelona contract, and if you add wages and other transfer fees, all told, the total cost is about US$500 million.

Already, the Neymar deal is having an inflationary effect on the transfer market. Liverpool have upped the asking price for Philippe Coutinho to more than US$100m.

The best players have got so expensive that in order to find the money to buy them, one has to go to all the kings of Arabia.

The market is out of control.