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How does the Arthur – Pjanić deal work from an economical point of view?

Do the financial gains of the Arthur – Pjanić swap deal justify the move for both Barcelona and Juventus?

David Bravo

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Header Image by Alberto Gandolfo / Pacific Press via Imago

As Barcelona prepare to sell Arthur Melo to Juventus in order to get Miralem Pjanić and €10 million in return, how does such operation work from an economical standpoint?


After weeks of negotiation during and after the coronavirus break, Barcelona and Juventus are in the final stage of a swap deal that is raising many eyebrows, especially among the blaugrana fans. Barça’s 23-year-old Arthur Melo would be heading to Turin as soon as he gives his approval, which apparently he has already given. Meanwhile, Juve’s more experienced midfielder, Miralem Pjanić, would be heading in the opposite direction. Moreover, the Catalans would reportedly receive €10 extra million.

As normal for such a complex operation, this potential transfer is generating a lot of debate. But it by no means is the first time that there are more questions than answers regarding a movement from the Barcelona board. Sporting wise, coach Quique Setién would receive an older playmaker who has been having one of his poorest seasons for the Bianconeri, yet who would provide some much-appreciated creativity at the centre of the park. By contrast, though, he would be losing a bright prospect who fits the team’s style like a glove, but that has been having an understandable dip in form lately.

Regardless of the age, Setién would have to shape his tactics in order to accommodate the new acquisition. Tactically, there are several unknowns to be solved. That said, it’s from a financial point of view that there’s the most complexity. Above any sporting reason, it’s the economical part what seems to be influencing Barça’s business in the market the most. Thus, we must ask ourselves: are the monetary gains high enough to justify such a deal?

The basic principle behind business

Several reports are stating that this swap deal could go through with Arthur Melo being sold for 80 million euros, and Miralem Pjanić leaving Juventus for 70 million euros. So, at first glance, the difference is of €10 million, which is what Juve would have to pay, alongside Pjanić, to get Arthur. In reality, though, the accountable benefit for Barcelona would be of around €60 million – over €65 million, according to Spanish newspaper Sport. Why so?

The key principle behind this and many other operations is the so-called player amortisation. Even if Barcelona pay 70 million for Pjanić immediately, or in a few instalments less than twelve months after the acquisition, on the books such money will be divided through the length of Miralem’s contract. For example, if Pjanić signs a four-year contract with the azulgranas, Barça would record the transfer fee as €17.5m in each of the next four years, rather than €70m now.

Arthur Melo Barcelona Miralem Pjanić Juventus swap deal economical

The key of such transfer clearly lies in the economical part | Photo by Federico Tardito / Insidefoto via Imago

This is a universal accounting practice that not only applies to the football world. But it perfectly explains this movement between Barça and Juventus. Essentially, when a signing is made, the price paid is spread over the years of such player’s contract. However, when a sale is completed, such profit is instantly booked in the accounts of the selling club.

The economical perspective behind the Arthur – Pjanić exchange

Arthur Melo was signed by Barcelona in 2018. The cost was of €30 million, with Arthur signing a contract for six years. In other words, the annual amortisation of the transfer was of €5 million during each of these six years. Two years after being bought, Barça are now trying two sell the Brazilian. Two years, financially, equal to €10 million ( 5m per year ), meaning that the Spanish giants still have a remaining €20 million that they have not amortised yet.

If Barcelona sell Arthur Melo this summer for €80 million, we should subtract the remaining books value of €20 million. Basically, the profit of such sale would be of €60 million, if we exclude the variables, wages and other minor expenditures, like agent fees and image rights payments.

Arthur Melo Barcelona Miralem Pjanić Juventus swap deal economical

Arthur Melo has possibly played his final games for Barcelona already | Photo by Lluís Gené / AFP via Getty Images

Having looked at the profit potentially generated by Barça, it is time to look at the profit Juventus would generate by selling Miralem Pjanić. The Bosnian moved from AS Roma to Turin in 2016 for a transfer fee of 35 million euros and a five-year contract. Therefore, the cost was divided into 7 million for each of those five years.

In 2018, the Old Lady renewed Pjanić’s contract until 2023. Since two years had passed since 2016, €14 million ( 7m per year ) had already been amortised. The remaining €21 million was what was left to be amortised. Miralem was signing a new five-year contract, and thus these €21 million were separated into five years: €4.2m per year.

Now, in 2020, Juventus have amortised 14 million plus 8.2 million from Pjanić’s signing from Roma. This equals to €22.2 million from a transfer that initially cost 35 million. Only €12.8 million are left to be amortised by Juve. If they now sell the 30-year-old for €70 million, their profit will be of over €57 million.

Sporting reasons aside, both clubs win financially

With all this being considered, Barcelona would be making a profit of €60 million for selling Arthur, while Juventus would be making €57 million. A huge benefit for both clubs. The difference between Barça and Juve’s profits is very minor, even if Arthur would apparently cost the Italians €10 million plus Pjanić. But it’s the mentioned principle of the players amortisation what makes the gap so slight.

Now the deal to exchange Arthur for Pjanić plus cash is getting close, very close. According to journalist Fabrizio Romano, the 23-year-old has already given his approval to Juventus’ offer, so the official confirmation could just be a matter of hours or days. Juve have a game on Friday against Lecce, while Barcelona visit Celta de Vigo on Saturday. The transfer could thus be finalised before each team’s respective encounter. While from a sporting point of view culés are right to be very reluctant to see such operation happen, economically it can be proved why the Arthur – Pjanić deal presents both institutions a big opportunity to fix their economical problems.


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As someone once said, football is the most important of the least important things in life. Football, though, is a passion lived 24 hours, 7 days a week. My life could not be understood without Barça. Having always lived in Barcelona, the deep love for this club was transmitted to me from before I can remember. With an affection that can be found in my most profound roots, my goal now is to share this admiration with other football enthusiasts.

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Four candidates for the right-back spot at Barça are on the table

Anurag Agate

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Photo by CATHERINE IVILL/POOL/AFP via Getty Images

The last few years have been quite disappointing from Barcelona for not only the fans, but also the board. In sporting scenarios as well as commercial, Barcelona are not where they want to be. As a club, FC Barcelona needs a lot of changes if not a huge rebuild. One of the positions which must be strengthened is the right-back role. Wih Nelson Semedo’s move to Wolves all but confirmed, a new right-back is more of a necessity than ever. In this article, we’ll go through and review the four main potential replacements for the Portuguese at right-back.


Though Sergi Roberto has played at right-back often, it’s not his natural position and that is apparent against tougher opponents. As much as watching a La Masia graduate like Sergi make it big is special, a better right-back is a necessity. The four main candidates that we will go over are Hector Bellerin, Sergino Dest, Max Aarons and Emerson Royal.

Hector Bellerin

Bellerin is someone who once was a very promising youngster. His performances at La Masia caught Arsenal’s eyes and he moved to Arsenal in the summer of 2011. Since then, he has gone on to play 207 matches for the Gunners’ first team in all competitions. Tactically, Bellerin is a smart player. Something that is admirable about the 25-year-old is that he knows when and when to not commit himself to the tackle. This is somewhere he edges out Roberto. The latter is patient when defending but his judgment against dribblers is often lacking.

Photo by Will Oliver – Pool/Getty Images

Bellerin’s most characteristic trait is his pace. He is aware of this fact and uses it in tandem with spatial exploitation well. If he has a lot of space in front of him, which is often the case in Barcelona with Messi drifting inwards, Bellerin is a great asset to progress the ball. However, he does need space. Unlike Semedo, the Spaniard doesn’t operate as well in tight spaces. In terms of crossing Bellerin is quite average. His deliveries are often redundant which is the main drawback. However, the ex-La Masia player has good awareness and often pulls the ball back accurately.

Arsenal have reportedly agreed to sell Bellerin if an offer for £18m arrives. In Ainsley Maitland-Niles, Arsenal have a wing-back who could take over the right-back spot soon. For Barcelona, Bellerin would add a different profile in the dressing room, and with his outgoing nature and Spanish connection, fitting in would not be a problem as it often can be for English players at Barcelona. Though he isn’t the best positionally in the final-third and he does have a history with injuries, Bellerin could be a good signing for Barcelona. However, this does not necessarily mean that he would be the best signing from these four. This leads us to our next candidate.

Sergino Dest

Dest is someone that a huge number of Barcelona fans have always been drawn to. The void left by Dani Alves has not even come close to being filled. In Dest, Culés see a full-back of a similar mould.

Sergino Dest has the profile of an ideal Barcelona right-back. Positionally smart, pacey with good dribbling, and naturally good in attack, the Netherlands born right-back is a United States international who joined Ajax in 2019. At Ajax, Dest has been a reliable and impressive player. Playing 37 matches and 2,709 minutes, he has scored twice and assisted six goals.

Dest is an excellent dribbler. His pace combined with his quick feet means that he can play as a wing-back as well as a more defensive-minded full-back. He uses quick bursts as well as good combinational play to get past the opposition. Something that Barcelona have missed sorely is the excellent combinations between Leo Messi and Alves down the right. This allowed the team to safely, yet quickly progress the ball.

Photo via Imago

The American is able to cut in very efficiently as well which makes him a good choice for overlaps as well as underlaps. Tactically, Dest is very quick at decision making. When the right-central midfielder drifts wider, Dest drives into the space created though the centre. He is very comfortable receiving and playing in tight spaces, which is something that could immensely help Barcelona. The 19-year-old isn’t shy to cross often either, and he backs those crosses with a good delivery more often than not. In the final-third, he shows good visions. Often, he can be seen drifting in and playing a ball through the lines.

As of now, Barcelona and Bayern are the front-runners to sign Sergino. Sergino Dest is a very young player who is very impressive for his age. In Dest, Barcelona achieve two highly important things. Firstly, to acquire a young player who could be an integral part of the squad for years. Secondly, and more importantly, the Blaugrana would take a step in the right direction, towards the playing philosophies the club is based upon, and away from the recent loss of identity.

Emerson Royal

Eemrson broke into Brazilian football at Atletico Mineiro and accumulated a playtime of over 2,000 minutes. He captured the attention of Barcelona and along with Betis, the two clubs carried out a deal in which he is contracted to play for two seasons with Betis and then join Barcelona. As of now, he has played 43 matches for Betis, getting three goals and six assists in the process.

Emerson has been given a lot of freedom at Betis. With Nabil Fekir drifting inwards, Emerson has a lot of space to himself. He has taken this opportunity well and showcased his attacking ability superbly. He drives forward at every opportunity and shows an attacking mentality. His work rate is impressive, not only in attack but in defense as well. He covers a lot of ground in each match. His defending, however, is not polished. Though it is partly due to the numerous tactical problems Betis have faced under Rubi, this is still an aspect the Brazilian needs to improve upon.

Emerson has had problems with positioning and knowing which run to track with Betis’ system putting him against more than one opponent at times. His acceleration has helped him many times though. With his pace and work rate, Emerson does work relentlessly in defense.

Photo by Joaquin Corchero via Imago

At six feet, Emerson can also be a threat from set-pieces. His attacking contributions are still strong without this aspect. Excellent at linking with the attackers and with attacking versatility, the 21-year-old shows more promise in attack than in defense. Emerson hence won more fouls and had more touches in the opposition box than any other defender in the 2019/20 La Liga season.

Barcelona would be improving over Sergi Roberto with Emerson at right-back. For €12 million, Barcelona can sign Emerson from Betis through a clause in the contract. However, Barcelona might face problems in terms of defensive stability the same way they did with Semedo. Though Emerson is a very promising player, he must defensively improve significantly to warrant starting for FC Barcelona.

Max Aarons

Max Aarons has had an incredible rise in the past few years. From being selected in the Men/s PFA Championship Team of the Year to becoming one of the most important players for Norwich next to only Tim Krul and Pukki, Aarons has gone from strength to strength. Now at 20 years of age, the English youngster is one of the most promising right-backs in the world.

Aarons is another player who has the kind of profile a Barcelona full-back should. His dribbling ability and pace is superb, he is positionally very mature and is solid in attack as well as defense. One of his characteristics are his runs down the right, with and without the ball. Aarons has an attacking mindset which is showcased through his constant attempts getting forward when possible. Aarons completes a lot of take-ons and he is impressive when driving forwards as he often does.

Photo by JULIAN FINNEY/POOL/AFP via Getty Images

Though he has a strong attacking style of play, he does not compromise in defense either. Aarons is very calm when defending. He has great awareness and he knows when to commit and when to not. With well-timed tackles and good judgement, the youngster gets the ball through pure tackling as well as interceptions often and efficiently. However, somewhere he struggles is in a 3v2 situation. He often leaves space between himself and the central-defender and makes the wrong decision when tracking his marker.

In attack, Aarons shows incredible ability as well as the potential to do much better. He is very good at choosing whether to whip the ball in, or to chip it, or to lay it off for a teammate in the final third. His attacking decision making is very mature for his age. Often, he combines with his teammates to get into the box and take a shot or pull the ball back. His shooting ability is surprisingly good. Considering the tight angles full-backs usually find themselves facing, accuracy and good decision making is a huge factor. Aarons shows he possesses a fair amount.

As of now, Aarons is linked with Barcelona but not heavily. One thing to consider when signing him apart from his abilities would be the problems English players have when fitting into Barcelona. Recently, Marcus McGuane and Louie Barry found it tough and we’re unable to progress at Barcelona. Though he may be a good choice for Barcelona, it seems unlikely that he will leave Norwich, especially for a club outside England. Regardless, Max Aarons is one of the most exciting right-backs in world football with a bright future ahead of him and one to keep an eye on. For Barcelona, Aarons seems like a very good fit on paper.

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