Football INDEX Insight – Ready for changes

My last few articles have been heavily focused towards the exciting changes on the Football Index that are due to be implemented from 1st November 2017.

With the 1st November now fast approaching, the Football Index have provided an update in respect of these upcoming changes.

At 1pm on Tuesday 24th October 2017, the Football Index will be releasing additional information regarding the launch of additional footballers to the tradable market.

The Index will be revealing the expected promotion price for each new footballer coming onto the market, as well as further details on the promotion process of up to 50 footballers each day, and how this will work.

However, with a view to protecting the value of existing traders’ portfolios, the Football Index have advised that the new footballers being added to the market will have a starting promotion price of somewhere between £0.10p – £3.00.

This is to try and ensure that ‘capital flight’ doesn’t happen, and that large sums of money aren’t removed from the current highest priced players onto cheaper players being promoted to the tradable market.

This will probably mean that based on their current data, provided by Opta, they will have an idea which players coming onto the market will already be challenging for performance dividends and will then set their promotion price between 10p and £3 accordingly.

It is going to be very interesting to see how the market reacts to the imminent changes, however, one thing is for certain, the market has never been healthier and continues to grow almost every day.

Once all the new players have been added, from Europe’s top 5 leagues and the Champions League and Europa League teams, it is intended that this will be the last material change to the platform. The intended change has been designed to give traders stability and better opportunities to plan ahead.

Once the additional players have been added, the prospect of relegation will be removed, meaning that every share you hold should be valid for three years, barring serious injury or retirement etc, allowing traders more flexibility and freedom in the players that make up their portfolios. For me personally, the 1st November can’t come soon enough!

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