A report by CIES Football Observatory says Manchester city has assembled the first billion-euro squad on the transfers of players that make up its current squad.

Manchester City

Manchester City has benefited hugely since the Abu Dhabi group takeover in 2008. The club has spent £906m on their current players. Paris St-Germain takes up the second position with 913m euros and Real Madrid being the third with 902 euros.

City also won the domestic treble last season. This year, it broke its transfer records when it paid a reported £62.8m for the Spanish midfielder Rodri from Atletico Madrid.

The Premier League champions’ squad is 32 times worth the value of Norwich on its squad of players.

The defending champions have the second most expensive English squad worth £751m euros.

The football statistics research group based in Switzerland, CIES, looked at the senior players in each of Europe’s biggest league. These are the Premier League, La Liga, Serie A and Bundesliga.

Paderborn had the cheapest squad valued at £4m euros. As a matter of fact, the club was promoted to the Germain top flight in the summer.

The top ten squads and value in euros

Manchester United on 751 million the fourth biggest spenders ahead of Juventus on 719 million and Barcelona with 697 million.

According to the research, Liverpool ranked in position seven after spending 639 million with Atletico Madrid spending 550m. Arsenal ranks at position ten with 498 million spent.

Chelsea, PSG, Juventus, Manchester United, Real Madrid, Atletico Madrid and Liverpool are recorded to have spent over £1 billion on transfers over the past 10 years.

City still had the largest net spend deficit between 2010-2019 ahead of PSG, Manchester United and Barcelona.

English Premier League clubs alone have a total net negative balance of £6.5 billion.

French club Lille has the most positive net balance for transfers followed by Monaco, Genoa, Lyon and Udinese.

Meanwhile, French club Monaco received the most monies for its players between 2010-2019 from clubs playing in Europe’s top five leagues.

Monaco has ranked in £1,029 billion from player sales over the past decade which includes offloading Kylian Mbappe to PSG for a reported £180 million.