Indonesia’s naturalized players see market value surge following FIFA ASEAN Cup victory

Center-back Elkan Baggott (20) celebrates after scoring in extra time for Indonesia in the FIFA ASEAN Cup final against Thailand on Oct. 5, 2026. Photo by Read/Hai Tu

According to Footballsportsthe newly crowned champions dominated the list of the top 10 players in Southeast Asia with the highest value increases, with their naturalized players claiming six spots.

The value of the players is based on data from Transfer market.

Center-back Baggott experienced the most drastic increase in value. The Millwall defender saw his valuation jump six-fold from €200,000 to €1.2 million (US$1.3 million) after just one successful campaign.

Following Baggott is goalkeeper Maarten Paes. The Indonesia custodian saw his transfer value increase by €500,000, pushing him to the €2 million mark.

Other Indonesia players on the list include Nathan Tjoe-A-On, Justin Hubner, Luke Vickery and Joey Pelupessy, who are competing both domestically and across Europe.

The rest are all Thailand players, Anan Yodsangwal, Peerawat Akkratum, Jude Soonsup-Bell and Iklas Sanron.

Indonesia claimed a dramatic victory over Thailand in the 2026 FIFA ASEAN Cup final on Oct. 5. The two regional rivals engaged in a thrilling back-and-forth contest, drawing 2-2 after 120 minutes. Indonesia demonstrated composure in the penalty shootout, ultimately defeating Thailand 4-2 to claim the trophy, which is also their first-ever Southeast Asian championship.

The team’s appeal also increased following the tournament. Shortly after lifting the trophy, the newly crowned regional champions received a proposal from the Bangladesh national team for a rematch in a friendly.

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