A report of Switzerland based CIES Football Observatory has claimed that Manchester United paid £24m more to Real Madrid for Angel di Maria than his true worth.

CIES Football Observatory is a research foundation based in Switzerland which specializes in the statistical and economic study of the game, especially the transfer market. And their report on the summer transfer window in Europe has claimed that the continent’s top clubs have paid almost 16% more for players than five years ago. The report also claims that Angel di Maria, record breaking signing of Manchester United, was overvalued by some 24 million pounds.

The CIES Football Observatory claims that it has compiled and studied the data from across Europe’s five top leagues in Spain, Italy, Germany, England and France during the transfer window. The website has claimed that it has used “an exclusive algorithm created on the basis of nearly 1,500 fee paying transfers which have occurred during the previous five years”.

Top clubs of Europe splashed huge cash on new signings which included Manchester United splashing 80 million euros for Angel di Maria, Real Madrid spending 84 millions on James Rodriguez while FC Barcelona paying 89 euros for Luiz Suarez.

The CIES report stresses that they have used a scientific method to calculate the “true worth” of the players. And “‘right price’ has been calculated as the average between a player’s transfer value both before and after the deal. Significantly, the latter figure also considers the new contract duration of the footballer recruited. Both values have been calculated according to the exclusive CIES Football Observatory statistical model which incorporates nearly 1,500 fee paying transfers completed since 2009 ,“ CIES said.

The concerns about the over pricing of the players has been raised on many occasions by the likes of Arsene Wenger and Sir Alex Fergusson. The latest CIES report also confirms the concerns of them by stating that: “Our new data analysis has revealed that overall, clubs paid on average 16% more than they invested in the five previous years for players with similar characteristics.” CIES said.

“This confirms the ongoing inflation trend of the transfer market at the top end of the football pyramid.

“The inflation trend is mainly due to the sums spent by a handful of wealthy clubs ready to pay more than a player is worth to get the best talent.”

EPL clubs involved in many big money transfers this summer as Di Maria moved to Manchester United from Real Madrid while Paris Saint Germain paid whopping 62 million euros to Chelsea for David Luiz.

The CIES study also claimed that Real Madrid paid too much money to AS Monaco for the signature of World Cup Golden Boot winner James Rodriguez. It claims that the total worth of the player is 25 million less than what Real Madrid paid for him.