Chelsea have spent the last decade splurging massive amounts of Roman Abramovich’s cash. Even the summer 2013 window, a quiet one by the Blues’ standards, saw them spend £63,200,000 on five players. A total of £767,700,000 has been spent by the Russian on transfer fees alone, and not all of that cash has been invested wisely.
Value is not only defined by monetary worth, but also by the usefulness or importance to the posessor, and the introduction of Financial Fair Play has added an extra dimension to transfer negotiations. Will potential signings offer enough value to justify inflated price tags? Will they do enough to earn their wages? These questions can be answered by applying the same mathematical formula that this writer has used to calculate the most valuable players in the current Chelsea squad.
Financial outlay (transfer fee + accumulated wages* per this database) divided by goals (or clean sheets for ‘keepers), games played and trophies won. Those three figures are then added together and divided by three to give the mean cost of each player’s contribution to the club. The lower the cost, the higher the value.
Now that we’ve gotten the science bit out of the way, let’s take a lot at the somewhat surprising results.
*The financial outlay on both John Terry and Frank Lampard were slightly different due to their length of service to the club. John Terry’s wages were averaged over five years, then halved to give a further five, then halved again for his first five years at the club. Lampard’s were averaged over five years, then halved for the preceding seven. The resulting figures are a good approximation of their cost to the club when bonuses are factored in.