In May, I wrote about the possible implications for the Premier League of the UK's June 2016 referendum on membership of the European Union. The Premier League is one of the labour markets we know most about in the UK, and is dominated by non-English workers.
Previous work on this blog has shown that the Premier League imported more than one-third of it's players from the EU, and another quarter from countries outside of the EU during the 2015-16 season. Roughly six out of ten players playing in the league last year were non-English nationals.
The on-going collapse in the price of the pound sterling should be of concern to Premier League clubs, given their reliance on imports. Notwithstanding the obvious complexities with transfer fee's, the list below shows players imported from the European Union by English clubs during the 2015 summer transfer window, where a fee of in excess of £20 million was paid by an English club. The fee is club played is compared to the fee the clubs would be have to pay today, assuming the players value hasn't changed, given the recently fall in sterling.
Two players (Álvaro Negredo and Ángel Di María) were exported to the EU from England. Again, it's likely the two selling clubs (Manchester City and Manchester United) would look for much more than the £22 million and £44.3 million pounds they received. While both are probably better off from their respective Depay, Otamendi and De Bruyne purchases, the opposite is true of the sale of Negrado and Di María.
Should the pound take a further hammering over the coming months and years, it will become more expensive for English clubs to bring EU imports to the Premier League. This of course is good news for Breixters, with inward migration among their main concerns and reasons for voting to leave.
I wonder how many that voted to leave, citing migration concerns, would have a problem with the return of Cristanio Ronaldo to Manchester or Luis Saurez to Liverpool? Or the possible arrival of Lionel Messi? I wonder...