Inflation is a widespread economic phenomenon. It really is present everywhere, everyday life, on the stock market, but I think one of the areas where it has been noticed the most in recent years has been football. More and more transfers in these past years have ridiculously overpriced. It's some that some have not, but a lot of the big deals that have gone down have been outrageously inflated.
The first example I will use is the recent transfer of Jordan Henderson to Liverpool of 20 million pounds. My jaw dropped when I saw the amount of money that Liverpool were paying. No disrespect to Jordan Henderson, as he is a decent player, but he is definitely not worth 20 million. He's only been capped once by England, and his goalscoring record isn't the best for a midfield player. Yes he's still young, but I will say this again and gain, there is no way that he is worth 20 million.
Second example: Phil Jones. I feel that this transfer is maybe slightly maybe value for Man Utd than the Jordan Henderson deal was for Liverpool, but Phil Jones is still being way overpriced. He's not even 20 yet, and I'm shocked that a team is willing top take such a gamble. He's agin definitely talented, but that's no reason to be lured into getting ripped off.
I think that these outrageous prices on both Jordan Henderson and Phil Jones have something to do with the fact that young, fresh talent is a hard thing to come by in English football. There are two solutions to this problem though: 1, that you buy more talented young players who are not English and 2, that you require the clubs to have much better youth and development facilities than they have.
However, I do think there is a solution to this problem of inflation in football, as it is not only happening in England but all over Europe. I think I will dedicate my next post to it as it is a bit long to explain just in a paragraph. Stay tuned.
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