England’s draw against France was a good start to the Euro 2012 tournament, but did the team deliver value for money?
Analysis by bwin in the bwin Player Value Index (BPVI), first published on 7th June 2012, suggests that the highly-paid England squad is underperforming.
The Three Lions’ odds have shortened slightly following the draw with France on Monday. Although the result gained a point for each team, the Group D table still reflects an underperformance by England against their lower-paid competition.
Many England fans felt the team lacked the ‘flair’ visible in the French team and the market has priced the teams accordingly. England therefore stay firmly at the bottom of the BPVI alongside Sweden and Ireland, who, in comparison to England, earn considerably less.
bwin’s analysis looks at collective team wages and performance in the betting market. The England team, priced at 14/1, earns a table-topping collective wage that is 11% more than France. However, based on the performance against France, England’s salary premium is simply not justified.
You can see the latest index scores in the below table, which was compiled on June 13th.
[table id=58 /]
The more flexible French team, currently backed at 7/1, is placed 7th on the BPVI, and although they are also highly paid, the market judges them more likely to be winners and justify their wage bill.
Warren Lush, Euro 2012 commentator at bwin, said: “Based on wages, England should easily overcome their next rivals, Sweden. If England realistically hope to progress in the competition they need to beat Sweden.
“If they don’t, Roy Hodgson will face the immediate criticism of taking the most expensive squad to the competition and seeing them fail to live up to the sum of their individual values.”
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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.
Warren Lush, Warren.firstname.lastname@example.org