Two trophyless seasons take their toll as Real Madrid squad loses €176 million in market value | OneFootball

Real Madrid are not going through the best of times. The club are on the brink of going two seasons back-to-back without winning a major trophy.

This does not bode well for the club’s prestige. But perhaps importantly, the lack of success in the last two years has had an economic impact as well, leading to the devaluation of the Real Madrid squad.

A review of Transfermarkt valuations done by Diario SPORT reveals that the collective market value of the Real Madrid squad has fallen by approximately €176 million since the summer of 2024.

The big losers

The list of players who have seen their valuations drop significantly makes for uncomfortable reading at Valdebebas.

Rodrygo has experienced one of the sharpest declines, falling from €110 million to €50 million, while Eduardo Camavinga has dropped by the same margin, from €100 million to €50 million.

Camavinga has greatly lost market value in the last two years. (Photo by Florencia Tan Jun/Getty Images)

Jude Bellingham and Vinicius Jr have also taken notable hits, with the Englishman’s valuation falling from €180 million to €140 million and the Brazilian dropping from €180 million to €150 million.

Aurelien Tchouameni has slipped from €100 million to €75 million, and Eder Militao from €60 million to just €25 million.

The exceptions

Only eight players in the current squad have seen their market value rise during this period. Arda Guler stands out as the most dramatic example, soaring from €30 million to €90 million, while Alvaro Carreras has climbed from €35 million to €60 million.

Among the newer arrivals, Franco Mastantuono, Raul Asencio and Gonzalo Garcia have all shown encouraging upward trajectories, alongside Dean Huijsen and Dani Ceballos.

Kylian Mbappe has also edged up from €180 million to €200 million.

Fede Valverde is the only player to have maintained his 2024 valuation of €120 million exactly.

According to the report, the figures could worsen further when Transfermarkt releases its post-season update in the coming months.