Manchester City with the Premier League trophy
Manchester City after winning the Premier League

Premier League Champions Manchester City have become the first club in the history of football to assemble a squad worth more than a Billion Euros. Since being purchased by the Abu Dhabi United group in 2008, City have spent a considerable amount of money, and their value has now crossed the billion Euro mark.

City have spent € 168 million in the last summer transfer window, including a club record €70 million for Rodri, taking their total over €1 billion.

According to a report released by CIES,  Manchester City’s squad is now worth €1,014 million, followed by French giants Paris Saint Germain (PSG) at €913 million and Real Madrid at € 902 million. Real Madrid have also added considerably this summer with the signings of Eden Hazard, Luka Jovic, Ferland Mendy, Eder Militao and Rodrygo, taking their overall spending this transfer window to €308 million.

The top 20 costliest clubs:

1. Manchester City, €1,014 million

2. PSG, €913 million

3. Real Madrid, €902 million

4. Manchester United, €751 million

5. Juventus, €719 million

6. Barcelona, €697 million

7. Liverpool, €639 million

8. Chelsea, €561 million

9. Atletico Madrid, €550 million

10. Arsenal, €498 million

11. Everton, €486 million

12. Tottenham Hotspur, €465 million

13. AC Milan, €408 million

14. Inter Milan, €364 million

15. Bayern Munich, €352 million

16. AS Monaco, €348 million

17. Napoli, €325 million

18. Borussia Dortmund, €321 million

19. Leicester City, €312 million

20. Valencia, €266 million

Manchester City’s billion-Euro squad is 32 times the value of Norwich City’s- the lowest in the Premier League. This difference in in fact, lesser when compared to other major leagues across Europe. In Serie A, it is 63 times- Juventus & Leece, 85 times in Bundesliga- Bayern vs Paderborn.

In France and Spain, the value of the costliest club is more than 100 times that of the lowest valued club. Real Madrid’s €902 million squad is 148 times that of Mallorca, while PSG are 114 times more valuable than Nimes.

At 4m euros, Paderborn, promoted to the German top flight in the summer, were found to have the cheapest squad.

The report also studied that the English clubs invested the most for the recruitment of new players in the last decade. Transfer indemnity investments of Premier League teams accounted for 35.8% of the total measured for the big-5 leagues.