The soccer economy is reeling. Every week there appears to be a new, dizzying figure highlighting the financial crunch the industry is facing as a result of the coronavirus pandemic. More than $115 million in losses at Barcelona alone. Hundreds of millions more in rebates to television rights holders. Across Europe, losses are expected to climb as high as $4.5 billion.

But the crisis has also created a few winners. Among the biggest has been Jorge Mendes, the Portuguese businessman and player agent, who for the last two decades has regularly taken a healthy slice from the $7 billion-a-year player transfer market. This year, despite soccer’s meltdown, Mendes appears to be doing better than ever.

In the transfer window that closed Monday night in Europe, Mendes sent Benfica’s Rúben Dias to Manchester City for $80 million, then replaced him in Lisbon with another client. He eased James Rodríguez out of Real Madrid’s doghouse and into a starring role at Everton, and arranged for Wolverhampton to sell the Irish defender Matt Doherty to Tottenham ($20 million) and the Portuguese forward Diogo Jota to Liverpool ($53 million).

And even as he completed those last two sales, Mendes helpfully persuaded Wolves to spend some of the money it received in his own shop: Wolves replaced Doherty with another Mendes client, Nelson Semedo, and used most of the money from Jota’s sale to recruit two rising talents — two more deals driven by Mendes — from F.C. Porto.

Source: New York Times

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