€354m Transfer Profit Pushes Atalanta to Top of Serie A Valuation Table
A €354 million total net value gain on non-academy transfers since 2022 has positioned Atalanta as the top-performing club in Italian football for market efficiency. The Swiss-based research group CIES Football Observatory evaluated 251 global clubs by comparing acquisition fees against divestment returns and current squad asset values, ranking Atalanta 10th globally.
Serie A Non-Academy Transfer Value Efficiency Since 2022
A total valuation gain of €323 million placed Roma second in Serie A and joint-13th globally, with €291 million of that figure derived from players currently under contract. Udinese secured third place in Italy with a €252 million positive yield, while Bologna and Inter matched each other with €236 million net gains. Conversely, AC Milan registered a €69 million total gain despite generating a league-high overall transfer volume of €986 million, with their active roster depreciating by €20 million below original outlay cost.
AC Milan
clubAt the bottom of the Italian top-flight performance table, Fiorentina generated a net loss of €27 million across €569 million in overall transaction volume. Fiorentina registered a €51 million deficit on finalized player sales alone, making them 236th out of the 251 evaluated global clubs. Lower-tier Italian sides Cremonese and Palermo recorded net losses of €25 million and €17 million respectively, while Juventus reported a €85 million deficit on completed departures despite posting a €145 million overall positive balance.
| Club | Transfer Volume | Net Value Gain/Loss | Global Rank |
|---|---|---|---|
| Atalanta | Undisclosed | +€354m | 10th |
| Roma | Undisclosed | +€323m | 13th (joint) |
| Udinese | Undisclosed | +€252m | Undisclosed |
| Bologna | Undisclosed | +€236m | Undisclosed |
| Inter | Undisclosed | +€236m | Undisclosed |
| AC Milan | €986m | +€69m | 123rd |
| Fiorentina | €569m | -€27m | 236th |
The evaluation by the CIES Football Observatory isolates squad recruitment profiles from academy development, tracking precise asset retention efficiency. Financial models show that top-tier sides operating on compressed net-spend allocations require sustained positive market yield to fund mid-term roster renewal without incurring heavy structural losses.
Atalanta
clubCapital Yield Dynamics and Squad Rebuilding Operations
A recruitment yield of 7.0%