By David Lee Wheatley
Portuguese giants FC Porto could well be the most economical club in the whole of Europe having raked in approximately £614m through transfer fees over the course of the last ten years, yet still continue producing teams capable of competing at the highest level.
A largely unknown Jose Mourinho led a vibrant young squad to UEFA Cup glory in 2003 when defeating Martin O'Neill's Celtic 3-2 after extra-time in the final, which took place in the Spanish city of Seville.
He managed to keep the bulk of his burgeoning side together and out of the clutches of interested clubs who had begun to circle over Mourinho's stars like vultures searching for prey. That ability to fend off bids for his best players paid handsome dividends twelve months on when the Oporto-based outfit defied all the odds to win the Champions' League 17 seasons after their last taste of glory in the competition.
Mourinho was hot property and he duly switched to west London club Chelsea that summer, therefore placing a huge amount of uncertainty over the futures of his players. That's where the great sell-off truly began, with the prudent directors at the club able to identify targets to bring in who could replace any of the outgoing stars sufficiently.
Internationals Paulo Ferreira and Ricardo Carvalho had been integral cogs in the defensive wheel for Porto during that historic period under Mourinho and they followed their mentor to Stamford Bridge in 2004 for a combined total of £34m. The exodus had begun in earnest, with midfield magician Deco also leaving for a lucrative £18.5m move to European giants Barcelona.
Fast-forward to 2007 and the biggest incoming money involved Pepe heading to Real Madrid for a remarkable £26.4m and promising midfielder Anderson signing up with Manchester United in a deal worth around £20m. Those two agreements highlighted FC Porto's extraordinary ability to locate talent from across the globe and develop them into world-class footballers over a relatively short space of time.
Pepe had joined the Dragons for a paltry sum of £1.7m from the Madeira-based Maritimo in 2004 and spent three years honing his game before netting Porto a whopping £24.7m profit. Meanwhile, Anderson left his Brazilian homeland and Gremio for just £4.4m in 2006 and was on the way to Old Trafford 18 league appearances later for almost five times that amount.
Jose Bosingwa and Ricardo Quaresma were the stand-out sales in 2008, moving to Chelsea and Internazionale respectively for large fees. French clubs then came in for Lucho Gonzalez and Lisandro Lopez a year later, while Bruno Alves left for Zenit St. Petersburg in a £19.4m switch in 2010.
One of the most successful Porto buys of recent times has to be deadly Colombian striker Radamel Falcao, who cost only £5m from River Plate in 2009 and scored better than a goal per game in helping the blue-and-whites to Europa League glory in 2011. That outstanding form prompted Atletico Madrid to part with £41.4m for his services to hand the Portuguese giants yet another massive injection of cash.
And, it goes on, with the wonderfully-named Hulk joining big-spending Zenit for over £48m in 2012 and the impressive creative pairing Joao Moutinho and James Rodriguez exiting for the bright lights of Monte Carlo in a reported £62m double-deal.
The latest on this long list of top names to have left the Estadio do Dragao continued earlier this transfer window with Manchester City's capture of Fernando and Eliaquim Mangala in two separate moves which totalled a mind-blowing £45.2m. Mangala set Porto back just £6m when swapping Belgium for Portugal in a 2011 when sold by Standard Liege - yet another supreme piece of business from the boys in blue.
In summary, an unbelievable 15 players have been sold for more than £15m each over the last ten years and no doubt more will follow with the likes of Jackson Martinez and Juan Quintero next on the radar of several renowned sides around the continent.
Porto's scouting network must take the majority of the credit for the conveyor belt of talent that keeps coming through the door at the Dragao. Their work in South America especially must be commended as that has proved a particularly happy hunting ground for the club on so many occasions in the past.
All of this upheaval would cause problems for most teams, but seemingly not Porto. They've claimed their domestic league title on seven occasions throughout the decade since Mourinho departed, as well the Portuguese Cup four times and a solitary UEFA Europa League crown.
It's even more surprising that Porto have enjoyed such ongoing success when taking into account the relatively meagre outlay of £293m has been utilised in the ten-year period between 2004-2014 while the incredible income of £614m has been rolling in.
To keep such a tight hold of their budget without compromising the quality on the pitch is simply remarkable and who would bet against FC Porto continuing that trend while battling for further honours at the top table of European football for many years to come?
As long as they maintain this philosophy which has served them so well, there'll be no stopping them as they attempt to fight off rivals Benfica and Sporting at home, while aiming for a repeat of that golden day in 2004 when they held aloft the most sought-after trophy in European football.
Twitter: @davewh1980
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