The Dow Jones might be putting on a clinic in volatility, but when it comes to Borussia Dortmund’s squad value, the market is nothing but bullish. According to a report by Forbes, Borussia Dortmund have seen the highest growth in squad value in the Bundesliga, with an increase from €464 million to €571 million since the beginning of the season, a gain of €107 million, or a 23% increase.
The big drivers of this transfer growth have been BVB’s young stars, many of whom have quickly developed into elite players. Jadon Sancho, who was valued at €20 million in August, is now valued at €70 million. Jacob Bruun Larsen’s value has increased from €1.25 million to €18 million.
On defense, Manuel Akanji’s value has roughly doubled from €22 million to €40 million, and Abdou Diallo’s value increased from €25 million to €33 million. Achraf Hakimi’s value has more than doubled, from €7.5 million in July to €25 million today.
Not every player’s value has increased, however. According to the report, Julian Weigl, Shinji Kagawa, and Omer Toprak have all seen their valuations decrease since the beginning of the season, likely a result of decreased playing time.
A squad’s transfer value isn’t necessarily an indication of how talented it is. Even the best players in the world will begin to decrease in value as they age. Conversely, young players will tend to be worth more than their present value, as their potential to improve is also calculated into their transfer value.
While it isn’t the be-all/end-all of football metrics, it’s still undoubtedly better to have a higher transfer value than a lower one, and BVB’s high growth shows that it is making real progress towards challenging the likes of Bayern Munich or the big English clubs. According to the Forbes report, the gap between BVB’s squad value and that of Bayern Munich has closed to €173 million, a significant but not-insurmountable divide.
The key to BVB’s long-term success will be to hold onto their young talent as much as possible, and if they have to sell, to squeeze every drop of cash out of the transfer market that they can. First and foremost, this would include not selling Christian Pulisic to Bayern for a discount, and waiting for a proper offer, preferably in the triple-digits, before off-loading Jadon Sancho. Michael Zorc and Hans-Joachim Watzke have built quite a squad; now they have to keep it.