PHOTO:See how the Brexit will impacts the Premier League, Players, Managers and club transfers

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According to metro news, England may still be in Euro 2016, but Britain will soon no longer be part of Europe after voting to leave the European Union (EU) – a move known as Brexit.

It is a reality that all 20 Premier League clubs stood united against earlier this week, with league chief executive Richard Scudamore stating the UK must remain in Europe ‘from a business perspective.’

But now that a ‘Leave’ vote has been confirmed and uncertainty shrouds the nation, what do we know about how this decision will affect Premier League transfers?

Transfers
The Brexit vote has, as predicted, already weakened Sterling (the pound currency). At the time of writing, it is at its lowest since 1985 and France has overtaken Britain as the fifth largest economy in the world.

A major cause of this is the uncertainty over how the UK will negotiate future trade deals now it is set to withdraw from the EU’s free trade market.

For Premier League clubs, this will mean an increase in the price of signing overseas players. The falling value of the pound means Premier League sides will have pay considerably more to land foreign stars.

Take the example of Chelsea and Arsenal target Alvaro Morata. The Real Madrid star has reportedly been the subject of a 60 million bid from Chelsea, but that would now rise to £67m.
On top of the increased transfer fees, contracts will cost Premier League clubs more if they are negotiated in euros.

However, Brexit is great news for clubs in the EU looking to buy Premier League stars. They will be able to take advantage of the exchange rate and buy star Premier League players on the cheap, whatever their individual nationality.

How does Brexit affect Alvaro Morata's potential transfer?

Due to the exchange rate, Morata, recently valued at £60m will cost £67m

This can only aid Champions League heavyweights like Barcelona and Bayern Munich in the transfer market.
But Brexit is bad news for British players looking to move abroad. Their new status as non-EU status nationals mean they are subject to strict quota laws imposed by many European leagues. In Spain, for instance, only three non-EU stars are allowed in the 25-man squad at one given time.

This means Real Madrid will now be forced to sell one other non-EU squad player  to keep hold of Gareth Bale.

One silver lining may be that these economic pressures force clubs to look within their youth academies and rely on British talent, in turn potentially improving the national side.
Foreign investment

The Premier League remains an attractive prospect for potential foreign owners purely because of the amount of money it generates. Revenues rose for the second consecutive season last year, by 3 per cent, to hit a staggering £3.4bn.

Yes, the allure may dip if the pound continues to devalue, but as of now, you can expect foreign ownership to continue.

Signing players

The Premier League is a global brand, reinforced by the fact that 65 per cent of its players come from overseas.

Before Brexit, English clubs could sign any player with an EU passport without needing a permit, because of the freedom of movement laws within the bloc.

What happens now is really an unknown.

The positive: The UK negotiates to continue to provide freedom of labour movement meaning everything stays the same.

The negative: This EU advantage is scrapped meaning the rules previously applied to non-EU players become standard across the board. These restrictions include the player needing to have played a certain number of international fixtures dependent on the country’s FIFA ranking.

Looking over the course of Premier League history, some of its biggest names have been rough diamonds such as Eric Cantona, who, at the time of arrival, were yet to break through at international level.

There’s also one other HUGE potential problem: Article 19.
Article 19

Under Fifa rules, international transfers of players under 18 are prohibited, but this rule does not apply to players between the ages of 16-18 transferred within the European Economic Area.

Now that Britain has voted for Brexit, there is the possibility that Premier League clubs will no longer be able to sign youngsters from the continent.

This would mean no more young European talents. The new Cristiano Ronaldo, wherever he may be, could not be brought to the Premier League like the Portuguese was at 18, for instance.

It will now be more difficult for Premier League clubs to sign talents like Ronaldo when they are young
The move would be of particular concern to Arsenal fans, with Arsene Wenger known for working with youngsters and helping them develop, as he did with Cesc Fabregas when he signed him from Barcelona and brought him into the Gunners first-team at 16.

broadly, this scenario would restrict the freedom for managers to find cheap deals and strive to unearth potential talent abroad.

Although this may over time benefit England at international tournaments, it will no doubt make the league weaker.

EU work permits
South American players such as Angel di Maria, will no longer be able to bypass FA overseas player restrictions by applying for Spanish or Portuguese passports through a parent that fulfils EU residency requirements.

So, what does this all mean?

As with the referendum itself, the Brexit vote appears to have brought with it a lot of potential hassle and restrictions, for benefits that are as yet unknown.
Let’s hope, for everyone’s sake, that the England side manages to benefit at future international tournaments.

Source:metronewsuk/google.com

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