Why Kaka is Not the Most Expensive Footballer of All TimeBy: Daryl | June 10th, 2009
Seems some in the English media are convinced that Kaka’s transfer to Real Madrid makes him the most expensive of all time. And going purely by £GBP, they’re completely correct.
Kaka’s €65m move from Milan to Real converts to about £55.5m (at current rate of €1 = £0.85). But Zinedine Zidane’s 2001 move from Juve cost Real €76m, which at the then exchange rate (€1 = £0.60, about) which worked out around £46m.
But in a place called reality, they’re 100% wrong.
Kaka may be the most expensive player of all time based on GBP exchange rates. But since both transfers were conducted 100% in euros (with a player going from an Italian team to a Spanish team), doesn’t that make the € to £ conversion completely irrelevant?
The fact that the pound did a spectacular nosedive recently shouldn’t make Kaka the most expensive player in the world. Especially when not a single £: changed hands.
Obviously the varying exchange rates presents all kinds of problems when calculating “the most expensive player of all time”. But I’m pretty sure that when one player cost €76m and the other €65m, then the player that cost over €10m more was the most expensive.