Man City have most expensive squad in Europe, says study

Manchester City continue to boast of the costliest squad among all clubs in Europe's top five leagues, followed by Manchester United, according to a latest study by Switzerland-based independent research group CIES Football Observatory.

The annual study by CIES crunches numbers across Europe's elite teams to calculate the cost of every squad based on transfer fees, including all possible add-ons.

This year's report said City have committed an estimated 1.08bn euros ($1.28bn) on their current crop of players, with United close behind in second on 1.02bn euros ($1.21bn).

Paris Saint Germain are third with spending worth 939m euros ($1.11bn), while the top five is rounded off by Real Madrid on 787m euros ($930.16m) and Chelsea on 780m euros ($921.88m).

Liverpool (672m euros) and Arsenal (630m euros) are other two English sides in the top 10.

Barcelona find themselves in ninth with a spend of 578m euros ($683.14m).