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The impact of covid-19 on transfer expenditures in european football
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This work project suggests that the Covid-19 pandemic led to an increased uncertainty in the revenues of football clubs and thereby in the underlying value of football players. As a consequence, clubs prefer the option to wait and delay their investments in form of transfers rather than investing immediately. This phenomenon was observed to be more extreme for players carrying expensive characteristics. Meaning a higher change in the volatility of these players’ value is likely.
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Football Transfer expenditures Covid-19 Option to defer