Do we have the Optimal Process for Premier League Transfers?
With deadlines looming on the closer of the Premier League transfer window, many have been left speculating on which clubs will be signing who this summer.
The domestic transfer window officially opened on May 17, a few days after the final games of the league season concluded and the deadline is set for August.
Premier League clubs voted to end the summer 2018 transfer window at 17:00 BST on Thursday, August 9. Three weeks sooner than previous years under the new FA rules.
This means that all English clubs must complete any domestic transfer deals or purchases of players before the Premier League season starts on Saturday, August 11. This is to avoid club disruptions, performance and results due to players moving clubs after the season has already started.
Although buying activity will cease, English clubs will still be able to sell players overseas to Spanish, German, Italian and French clubs, with FIFA’s official deadlines remaining set for Friday, August 31.
Record-breaking transfers in 2018
The 2018 transfer window once again saw record-breaking transfers and historical moments, year on year breaking previous statistics.
Leading the way; Barcelona with a record-breaking £111m sales earning from summer transfers.
Juventus made headlines earlier this year with announcement of securing Cristiano Ronaldo from Real Madrid for £89m, allowing him to fulfil a childhood dream.
Chelsea have broken the world record transfer fee for the most expensive goalkeeper Kepa Arrizabalaga at a hefty price of £71.6m.
Alternatively, Tottenham have become the first team in Premier League history not to make a single summer signing since the transfer window’s inception in 2003. This could prove a mistake or a moment of genius.
True price discovery of players
With every transfer, clubs plan vigorously to justify their new purchases, with emphasis on improving scores, results and trumping league tables. However, the resources they use are still relatively limited in their capacity — even though the use of IoT has changed the game already.
A few years ago, a football club might have a handful of GPS units in use to analyse players’ movements. Today this number easily can be over 100. Clubs are becoming more proactive in their use of data and their efforts to be more predictive.
Clearly, player data is essential for clubs and athletes alike. The question is: are they getting the most out of the data?
We don’t think so. There is an ocean of numbers out there. But available data is not utilized to its maximum extent to create information that is truly applicable and easy to use.
In the business world, rapid technological advances in digitization, AI and machine learning are reshaping the landscape and supercharging performance. And as technology itself continues to evolve, it will enable the emergence of new business innovations and new forms of competition.
We are convinced, that the same applies to the world of sports: rapid technological advances will reshape the sporting landscape and revolutionise how we engage with sports. And as the technology itself continues to evolve, it will enable the emergence of new forms of competition — and it will enable the creation of new business innovations, such as Sports Ledger.
Utilizing IoT, AI and machine learning in a way we’ve never seen before, the Sports Ledger platform will use data as digital fuel that powers its services and offerings.
The cutting-edge Sports Ledger platform will aggregate high-quality data in order to provide users with intuitive visualisations, predictive analytics and insights into athletes’ biometrics.
Sports Ledger is built on the core principle that access to sports data should not be as complicated or inaccessible as it currently is. We want to enrich the experience of sports fans and platform users by enabling them to interact and learn from the platform’s innovative data tools.
By incorporating a variety of data tools, the Sports Ledger platform will offer a range of benefits to a variety of stakeholder groups from all around the world, including academic researchers, sporting institutions, professional athletes, clubs, coaches, managers, scouts, agents and, most importantly, sports fans.
Users will only need a smart device (laptop or phone) and the platform’s key — SPSL tokens — to form part of this data revolution. Thereafter, these users will gain access to a cutting-edge platform that relies on Artificial Intelligence, Blockchain and Smart Contracts to secure data, offer new insights and reward meaningful contributions. As the first-movers in this space, we expect the number of platform users to grow at a fast rate thanks to the network effect.
The current data-sharing ecosystems within the world of sports are severely outdated and fragmented. Against this backdrop, Sports Ledger will be effective in overcoming legacy burdens and cumbersome procedures that are currently used to access sports data. This paradigmatic shift in the aggregation, processing and analysis of data will prevent decisions from being based on low-quality data, reduce information costs and resolve disparities in the data.
Welcome to the Sports Revolution! #SportsLedger
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