Summary of Simon Kuper and Stefan Szymanski's Soccernomics
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Excerpt From Summary of Simon Kuper and Stefan Szymanski's Soccernomics
#1
In 1983, Italian club AC Milan paid $1. 4 million to acquire the services of black midfielder John Barnes from Watford.
#2
However, the vast majority of money spent on transfers is wasted, as the amount that any club spends on transfers has little relation to their final position in the league. Wages, on the other hand, are extremely telling. Wages explain a whopping 92 percent of a team’s league position over a long period of time.
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