PRN: Greece and Czech Republic Offer Best Value for Money
Greece and Czech Republic Offer Best Value for Money
LONDON, June 27, 2012 /PRNewswire/ --
- bwin's Player Value Index challenges footballers' wages after England leaves Euro 2012
The bwin Player Value Index started out as a light-hearted alternative view of how teams would perform at the Euro 2012 Soccer Tournament, but it has delivered results that should cause some concern to UEFA. England's 2.1million € plus weekly wage team, and France, the second highest paid team, were both eliminated in the quarter finals producing value-for-money index scores of -4 and -3, while The Netherlands (also a 1million € plus team) finished bottom of their group, offering the worst return on wages of all teams in the competition (bwin Player Value Index of -7).
According to this index, there has been no direct correlation between wages and success at the Euro 2012 Championship, which may raise concerns for UEFA and some of the national associations about the way the game is run. Â England players cost their clubs almost 40% more than their German counterparts, who are the current favourites - the market may want to know just how this is justified? Â Furthermore, French players cost almost five times more than Greek players, yet both teams reached the same stage in the competition, surely a point for concern?
The bwin Player Value Index (BPVI), which includes all teams of the EURO 2012, was first published on the 7th June and correctly predicted that Spain and Germany would offer excellent value for money from their players' wages. It also predicted that England, Ireland and Sweden would provide poor returns from their wage bills. However, the biggest disappointment from every aspect was The Netherlands - highly paid and well backed, the team failed to deliver against expectations.
Warren Lush, Euro 2012 spokesperson at bwin, said; "We correctly predicted that Spain and Germany would deliver good value for money. France has performed no better or worse than you should expect of such a well-paid team, and Italy are doing better than we predicted. However, there are teams that have left the competition at the group stages, which provide their associations with better value for money than some of those still in it. Greece has been a revelation and has outperformed everyone's expectations by reaching the quarter finals."
bwin is now planning to apply its Player Value Index to future soccer competitions, and, where wage data exists, to other sports. "If we can do it, it would be great to work out which Grand Prix driver is providing his team with the best return on investment, or maybe how wages affect Handball in Germany or Ice Hockey in Poland. It has certainly been an interesting exercise to apply the idea across the Euro 2012 tournament," concluded Warren Lush.
Average weekly wage Wage Ranking Team EUR Wage Bill EUR Odds Odds Rank Index 14 Greece EUR 17,605 EUR 404,918 - 5 9 12 Czech Republic EUR 20,671 EUR 475,434 - 5 7 16 Denmark EUR 15,033 EUR 345,748 - 9 7 13 Ukraine EUR 17,807 EUR 409,554 - 9 4 4 Germany EUR 68,758 EUR 1,581,425 2.50 1 3 5 Spain EUR 66,768 EUR 1,535,675 2.70 2 3 7 Portugal EUR 41,663 EUR 958,249 6.50 4 3 15 Poland EUR 15,465 EUR 355,691 - 13 2 10 Russia EUR 30,569 EUR 703,086 - 9 1 3 Italy EUR 73,717 EUR 1,695,495 6.25 3 0 8 Croatia EUR 36,268 EUR 834,175 - 9 -1 11 Ireland EUR 29,333 EUR 674,660 - 13 -2 2 France EUR 84,923 EUR 1,953,220 - 5 -3 1 England EUR 94,630 EUR 2,176,480 - 5 -4 9 Sweden EUR 34,680 EUR 797,636 - 13 -4 6 Netherlands EUR 44,236 EUR 1,017,419 - 13 -7
Notes to editors:
The 'bwin Player Value Index' shows which teams customers think offer the best value for money. The research was compiled by looking at individual player wages for each EURO 2012 team, then calculating the index by ranking salaries and comparing against the odds for each team. Currently Denmark tops the BVPI reflecting a team that over-achieves from limited resources, whereas the market currently sees England, Sweden and Ireland players as 'over paid'.
bwin will be monitoring performance of the teams throughout the tournament and regularly updating the bwin player value index which can be found at http://bwinbetting.com/euro-2012/england/filthy-rich-england-stars-shocking-money-euro-2012,20954.html