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The Transfer Deficit report presents an in-depth analysis of the football transfer market over the last twenty years, with a particular focus on Europe’s five largest leagues: the English Premier League, Spain’s La Liga, the German Bundesliga, Italy’s Serie A and France’s Ligue 1.

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These five leagues lie at the heart of the football industry and stand apart from others in terms of global interest, international success and financial might. After exploring how the value of incoming and outgoing players from these leagues has developed in recent years, the report shifts its focus to the coronavirus pandemic, and how this is already leaving a mark on the football transfer market.