In a framework of positive changes and persistence of market imbalances, we give timely, concrete and rational answers to the growing needs of the football industry for efficient programming and regulation.

We use an innovative methodology applying financial best practices to the football industry to turn athletic, market and economic statistics into investment return evaluations and risk indicators.

We provide our solutions to Clubs, Agents and Investors to help them operating in a sustainable, balanced and transparent environment, in line with the efficient market principles and with the recent directives from UEFA.

Our aim is to improve economic and financial practices in the football arena, contributing to the wellbeing of the industry, of the professionals and, ultimately, of the people who experience the sport as a passion.




We provide economic indicators and insights to Football Clubs, Sport Agents, Players, Investors, Banks and Insurance companies to improve their financial awareness on investments and to support the decisions making process of professionals.

Through our software platform, we collect data from appraised sources tracking players’ and clubs’ performances, vital parameters, transfer market trends and financial statistics, to carry out rational estimates on returns and risks of investments, according to the best economic practices, the ISO rules, the IAS principles and to the criteria of efficiency and fairness.

Our approach tends to reduce, as much as possible, the behavioural biases (such as those generated by passion and irrational exuberance which may threaten economic fundamentals). This helps to increase the bargain power of our clients during the negotiations, to improve the efficiency in the management of player portfolios and to produce tangible economic benefits in the long term.



PlayRatings was founded in 2015 as a spinoff of the Center for Economic and International Studies (CEIS - Univ. of Rome "Tor Vergata").
In 2017 a group of football professional joined the project. 

Our team has a successful record as advisor of private companies, multilateral institutions and national governments, and leverages on a broad experience in assessing investment risks and opportunities for the markets of sports as peculiar cultural goods, and on the search for a deep understanding of the football industry's structure and actors. 

The same group of experts has developed www.playratings.net, a digital platform for football fans providing ratings and economics data of players, teams and leagues.

The passion for football is our common inspiration. 
The passion each of us cultivates as a sport fan, is also the behavioral bias that we try to reduce as scientists and managers.



Pasquale holds a Ph. D from the University of California, Berkeley. He has a long experience in the economic evaluation of investments in multiple sectors, also thanks to an intense research activity, counting on more than 150 published papers, concerning the evaluation of policies and projects using real option theory and computable general equilibrium model methodologies, with a wide series of applications also to the sport as cultural good.

Pasquale has served as Director of CEIS (Centre of Economic and International Studies) and Senior Economic Advisor to the Italian Government, on secondment from the World Bank. During his career he was full or visiting professor at several universities, including the University of Rome Tor Vergata, the LUISS University of Rome, the University of Cagliari, the Johns Hopkins University and the George Mason University.

Pasquale currently is Chairman and the scientific director of Open Economics, and President of the Italian Association of Development Economists. He is also Senior Fellow and Board member of the CEIS Economics Foundation at the University of Rome "Tor Vergata" and a Senior Economic Consultant for the World Bank.



Gianluca is a computer engineer with a long experience as a project manager and business developer for organizations ranging from start-ups to multinational companies in the TLC and Energy industries.

Gianluca is co-founder and managing director of PlayRatings, co-founder and head of business development of Open Economics and Chairman of "Base x Altezza" (Publisher of Formiche.net, Airpress and CyberAffairs). 



Raffaele is a business economist with a strong record in financial and economic analysis of complex projects and assets in a wide range of markets. He brings to the team more than 20 years of experience as financial advisor of multinational companies and expert in managing business forecasting, securing development finance and in evaluating mergers & acquisitions.

Raffaele is a registered certified public accountant and a registered official auditor.



Dino is a senior economist able to provide specialist advice by studying data and statistics and using his understanding of economic relationships to uncover market dynamics and trends. Dino has more than 15 years of experience in using specialized mathematical and economic software and advanced methods in economic modelling and statistical analysis. 

His experience includes advising major companies, governments, multilateral institutions and investment groups.



    Daniele is a managing engineer. He supports the report production and the quality assurance processes. 

    He has also a strong knowledge of the football industry.





    Ciro is a reputed expert of football, with a wide range experience gained as a player, a coach and, currently, a sport analyst advising clubs and tv broadcasters.

    Ciro spent his playing career as a defender, initially at Napoli and later at Juventus, winning seven total Serie A titles as well as other domestic and international trophies and representing Italy at the 1988 Summer Olympics, at two UEFA European Championships, in 1988 and 2000, and at the 1990 World Cup. As a manager he coached Juventus, Sampdoria, Italy national under-21 team and, as assistant coach to Marcello Lippi, he won the 2006 FIFA World Cup with Italy's senior team.

    With his fellow Neapolitan friend and former defensive teammate Fabio Cannavaro, Ciro established a charity foundation, Fondazione Cannavaro Ferrara, specialising in the procurement of cancer research equipment and surgery for special cases of cancer.



    Gianluca is a former professional footballer who spent his playing carrier as a striker for Cremonese, Sampdoria, Juventus and Chelsea. He is considered one of best Italian strikers in history and is the part of the Italian Football Federation “Hall of fame”.

    He is one of only nine footballers to have won all three major European Club competitions. He has played for the Azzurri 59 times representing Italy at Euro 1988 and at the FIFA World Cup in 1986 and 1990. In the late 90s he was appointed player-manager at Chelsea FC leading the London Club to winning 5 trophies in less than three seasons. He also managed Elton John’s Club Watford in 2002.

    Gianluca is a published author. In 2006, with “Times” journalist Gabriele Marcotti, Gianluca wrote the book “The Italian Job: A Journey to the Heart of Two Great Footballing Cultures”. 

    In 2003 with his friend and former colleague Massimo Mauro he has founded the “Fondazione Vialli e Mauro per la ricerca e lo sport” a charitable foundation whose mission is to raise money to finance research into cancer and amyotrophic lateral sclerosis (ALS). 

    Today Gianluca works as an ambassador, consultant and analyst for Sky Italia covering all mayor football and sports event. He is co-founder and non-executive director  of the innovative Sport Investment Platform Tifosy.com as well as SunriseSport  a UK registered company which is the world leader in the creation and exploitation of high end animated sports mascots.



    Claudio brings to the team legal expertise on football transactions and regulations. He is a reputated legal advisor for athletes and football clubs, and he acts also as family officer for football legends in Europe, UAE, China, UK, Germany, Spain, USA, Australia, Latin America, Japan.


    Why us

    We are specialized in applying financial best practices to the football industry to extract key indicators on investment returns and risks from the large amount of data related to athletic performances and achievements which our clients produce, buy and collect everyday.

    Our financial insights aim to mitigate the investments risks and transfrorm the existing technical knowledge in economic benefits in the long term.    



    To estimate all the economic, financial and risk indicators according to the international standards, we use a proprietary software platform based on computational algorithms and on an advanced economic model able to reproduce and simulate the football market structure and dynamics.

    The only non-objective data we use to feed the model reflects the client unique expertise in estimating the expected scenarios of future player's performance. Nevertheless, any human opinion is subject to computational stress and sensitivity analysis based on player's track record and relevant statistics to estimate its probability of occurrence. Through our estimates, however, we aim to drastically reduce the influence of memory gaps, passion, wishful thinking and other biases.



    The Company is qualified and authorized to issue value company appraisals, economic and financial analysis of assets and stocks of public companies containing forecasts and estimates explicitly or implicitly providing investment advice or recommendation (art. 1, par. 1 and art 1, par. 3 of D. lgs.139/2005 - Italian law).

    The Company has also been certified as compliant to the requirements UNIEN ISO 9001:2008 for activities and processes of research, development and application of economic, mathematic and environmental models for the economic evaluation of investment politics, programs and projects. Certification n° QMS17170041-35.0080 issued in 16.03.2017 by Accerta Spa.



    PlayRatings is a business unit of OpenEconomics, a spin-off of the Faculty of Economics and the Center for International and Economic Studies (CEIS) of the University of Rome "Tor Vergata" supporting private companies and governments in the evaluation of policies and investment projects by applying advanced economic methodologies and tools of analysis.

    The company doesn't work on exclusive base, is not a shareholder of Football Clubs and is not involved in betting activities.

    Most of the performance statistics, match analyses and live data we use are provided by INSTAT. When not provided by our customers, financial data are collected from official open sources. Data related to market transaction are collected from multiple sources and subjet to an accurated internal auditing.

    The Company  keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, sensitive information provided by our clients are not available to the others. The Company has established policies and procedures to strictly maintain the confidentiality of certain non-public information received in connection with each analytical process.