LONDON, June 19, 2012 /PRNewswire/ --
The recently introduced 'bwin Player Value Index' has revealed a shocking issue for the three top-paid national teams at the Euro 2012 football championships - at the end of the group phase, the market thinks that the players of the English, French and Italian teams represent poorer value for money than Denmark, Poland and Russia, all of whom have already been eliminated.
The 'bwin Player Value Index' indexs the wage bills of each team with the value placed on them by the sports betting market. The methodology allows the performance of teams still in the competition to be compared with those who have already exited. The result is that the betting market clearly believes the England team is overpaid, and is providing worse value for money even than Ireland who finished bottom of Group C and never received the backing of the market.
Of the teams in the quarter finals France and Italy, also highly paid teams, are suffering a similar fate to England. However, Spain and Germany are both judged to be delivering positive value for money. Portugal (reigning champion) is delivering similar value to Germany and Spain, but Greece (winning team in 2004) is judged to be delivering more than twice the value for money of these teams to top the BPVI.
Of the teams that have already exited the competition, Denmark's players can hold their heads highest, delivering twice the value for money of current favourites, Germany. Despite finishing bottom of Group A, Poland's team can point to a positive 'return on investment', and Russia can show a neutral return. However, the team management of the Netherlands, Ireland, Croatia and Sweden will probably be asking some searching questions of their teams who have all performed less well than their wage bills would suggest they should have.
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 http://bwinbetting.com/euro-2012/england/filthy-rich-england-stars-shocking-money-euro-2012,20954.html
Bwin spokesperson - Warren Lush, Warren.firstname.lastname@example.org
bwin Player Value Index
19/06/2012 Wage Ranking Team Average weekly wage EUR Wage Bill EUR Odds Odds Rank / Position Index 14 Greece EUR 17,605 EUR 404,918 41.00 7 7 16 Denmark EUR 15,033 EUR 345,748 - 10 6 12 Czech Republic EUR 20,671 EUR 475,434 41.00 8 4 13 Ukraine EUR 17,807 EUR 409,554 126.00 9 4 4 Germany EUR 68,758 EUR 1,581,425 3.15 1 3 5 Spain EUR 66,768 EUR 1,535,675 3.40 2 3 7 Portugal EUR 41,663 EUR 958,249 8.50 4 3 15 Poland EUR 15,465 EUR 355,691 - 14 1 10 Russia EUR 30,569 EUR 703,086 - 10 0 2 France EUR 84,923 EUR 1,953,220 7.00 3 -1 9 Sweden EUR 34,680 EUR 797,636 - 10 -1 3 Italy EUR 73,717 EUR 1,695,495 9.00 5 -2 8 Croatia EUR 36,268 EUR 834,175 - 10 -2 11 Ireland EUR 29,333 EUR 674,660 - 14 -3 1 England EUR 94,630 EUR 2,176,480 12.50 6 -5 6 Netherlands EUR 44,236 EUR 1,017,419 - 14 -8