Manchester City, PSG and Manchester United are Europe’s biggest spenders
The CIES Football Observatory has presented its annual study on the transfer spending of European clubs. The report identifies Manchester City as the side that have spent the most to strengthen their current squad over the years.
Pep Guardiola’s club is the only one to have exceeded the one billion euro mark in transfers (1.036 billion euros). This summer, Manchester City have invested 163m euros in signings even amidst a global financial crisis following the coronavirus outbreak.
Manchester City signed Ruben Dias from Benfica for 68m euros and Nathan Ake from Bournemouth for 45.3m euros. They also spent 23m euros to lure Ferran Torres away from Valencia and strengthen their attack.
Second place in the CIES report is occupied by PSG. The French team, owned by Qatar Sport investments (QSI) and chaired by Nasser Al-Khelafi, have spent as much as 888 million euros on a squad led by Neymar and Kylian Mbappe. After several failed attempts, they managed to reach the Champions League last campaign where they were beaten by Bayern Munich.
Manchester United are the final club to make the podium, as the Red Devils have invested 844m euros to build their current squad. Barcelona come fourth, having invested 836m euros to put together a roster to accompany their captain Lionel Messi.
Meanwhile, Chelsea, who spent more than any other team this past summer, occupy sixth spot having spent 763m euros on signings, and LaLiga Santander champions Real Madrid come seventh with a total investment of 708m euros in transfers.
Only five non-Premier League clubs – Barcelona, Real Madrid, Juventus, Atletico Madrid and PSG – are among the 12 teams who have spent the most to build their squads. It is also surprising that the current European champions, Bayern Munich sit in 16th place with a total investment of 408m euros.
Regarding the rest of LaLiga Santander’s teams, Sevilla appear in 26th place with 230m euros spent for transfers and Valencia in 31st with 189 million invested in their squad.
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