3.18× the market's number: what Botafogo paid over Santiago Rodríguez's €4.5m valuation

Botafogo paid €14.3m for Santiago Rodríguez. The market value recorded against him at the time was €4.5m. The difference is €9.8m, and the ratio is 3.18×.

Of the 114 deals into Brasileirão Série A in 2024/25 where both a fee and a valuation are on record, 4 were done at a higher multiple than this one — 4% of them. That is what makes this price ordinary or unusual: its own league, its own season, not a feeling about the player.

A market value is the market's estimate, not a price tag, and a club paying above or below one is doing business, not making a mistake. What the gap measures is how far this club's read sat from the consensus — nothing about how the player performs next.

Transfer record, fees and market values: ACTUAL TRANSFER MARKET (actualtransfermarket.com). Analysis: ACTUAL SPORT INTELLIGENCE.