Spartak ranks seventh for player-value losses in CIES calculation

Spartak Moscow ranked seventh for the largest negative balance between player acquisition costs, resale income and current estimated values in a CIES study. Its total was minus €89 million.

The study was published on October 14 and covers players signed over the past five years. Academy graduates are excluded.

According to CIES, Spartak received €47 million less from players already sold than it had spent acquiring them. The estimated value of signings still owned by the club was another €42 million below their acquisition costs.

Saudi Arabia's Al Hilal had the most negative result at minus €502 million, followed by Manchester United at minus €405 million and Al Nassr at minus €229 million.

Eintracht Frankfurt led the positive balances at €527 million. Real Madrid recorded plus €526 million and Paris Saint-Germain plus €490 million.