Last updated on April 19, 2014 at 13:20 EDT

Greece and Czech Republic Offer Best Value for Money

June 27, 2012

LONDON, June 27, 2012 /PRNewswire/ –

– bwin’s Player Value Index challenges footballers’ wages after England leaves Euro

The bwin [https://www.bwin.com ] 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 EUR 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 EUR 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. 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? 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 [https://www.bwin.com/Euro2012 ] 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.

                                    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

Upated 25/06/2012

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


        Contact details:
        Bwin spokesperson
        Warren Lush, Warren.lush@bwinparty.com


        Press contacts: For more information, please contact Rosie Everard
         [rosie.everard@stickyeyes.com?subject=bwin%20Player%20Value%20Index ] or Charlayne
         Iwanczuk charlayne.iwanczuk@stickyeyes.com
         [charlayne.iwanczuk@stickyeyes.com?subject=bwin%20Player%20Value%20Index ] /


Source: PR Newswire