‘Buy expensive, sell more expensive’ giants Jeonbuk made 9 billion won this summer alone

Jeonbuk Hyundai has once again shown its resourcefulness.토토사이트

On the 24th, Jeonbuk transferred ‘national full-back’ Kim Moon-hwan to Al Duhail in Qatar. Initially, Jeonbuk had a ‘no transfer’ policy, but the club and the player changed their minds. The transfer fee for Kim Moon-hwan’s departure to Al Duhail is reportedly worth $2 million (approximately 2.6 billion won). Prior to this, the club sent ‘national striker’ Cho Kyu-sung to Danish side Midtjylland. European offers were pouring in for Cho, who emerged as a star at the Qatar World Cup. He chose to stay last winter, and Jeonbuk promised him active support this summer. Jeonbuk kept its promise. When Mittwillan called, they didn’t hesitate to grant him a transfer. The transfer fee paid by Mittwilan to Jeonbuk was reportedly £2.6 million (approximately $4.3 billion).

In addition to the transfer fee for Kim Moon-hwan and Cho Kyu-sung, Jeonbuk will also receive $1.093 million, or about 1.4 billion won, as compensation for withdrawing players from the last World Cup in Qatar. FIFA pays $19,500 (about 14 million won) per player per round, regardless of playing time. Add to that a solidarity contribution of at least €500,000, or about $700 million, for Kim Min-jae’s transfer to Bayern Munich. FIFA created the “solidarity contribution” rule in 2001, whereby 5 per cent of every transfer fee a player earns and changes teams is distributed to the team that helped develop the player. Jeonbuk, where Kim played until the age of 21 or 22, will receive 1 per cent of the transfer fee. The transfer fee for Kim Min-jae’s move to Bayern is said to be €50 million (approximately $72 billion).

If you add up all the money Jeonbuk has made this summer, it’s a whopping 9 billion won. It’s a sign of Jeonbuk’s unique business model of buying high and selling low. With a gaping hole in the side for 2022, Jeonbuk signed Kim Moon-hwan from LA FC. The transfer fee was said to be between 1.3 and 1.4 billion won. In 2020, when they were looking for a replacement for Lee Dong-guk, Jeonbuk signed Cho Kyu-sung from Anyang. The cost was around 800 million won. This summer, Jeonbuk let Kim Moon-hwan and Cho Kyu-sung go, recouping their investment.

As one of the biggest “big hands” in the K League, Jeonbuk has been able to invest heavily in each transfer window, raking in star players and then selling them for even more. Jeonbuk raked in astronomical transfer fees for Edu ($4.6m-$5.9bn) in 2015, Kim Ki-hee ($6m-$7.7bn) in 2016, Leonardo ($1.5m-$1.9bn) in 2017, Kim Shin-wook and Kim Min-jae (over $6m) in 2019, Lopez ($6m) and Son Jun-ho ($5.5m-$7bn) in 2020. These transfers far exceeded the value of the players at the time of signing, so money does make money.

Of course, the team hasn’t neglected reinforcements. There was no ‘panic buy’, as they filled the positions of the departed players with quality players. Where Kim Moon-hwan left, they brought in another international full-back, Ahn Hyun-beom. They used player trades to minimise transfer fees. In Cho Kyu-sung’s place, they added promising striker Park Jae-yong from FC Anyang. He was also acquired for less than the original fee offered by Anyang, thus killing two birds with one stone in terms of generational change. Kim Jin-soo was released from his contract, allowing the club to sign him outright without paying a dime in transfer fees. As a result, his 2021 transfer to Al Nasr more than recouped the cost of his 2017 signing from Hoffenheim.

Jeonbuk made a bold move when they needed to, but with Petrescu at the helm, it was the right move. They brought in defenders Petrasek and Nana Boateng, Petrescu’s choice for foreign players. Jeonbuk let Gustavo go and tried to sign another foreign striker, but were unsuccessful at the transfer deadline. By investing aggressively but sensibly, Jeonbuk has succeeded in building a squad that is more than ready for the winter.

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