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Manchester City have the most expensive squad in football, according to research group CIES Football Observatory.
City spent £215m in the summer transfer market to take the total outlay on their squad to 853m euros (£775m).
That is £3m more than the amount spent by Paris St-Germain, who signed Neymar in the summer for a world record £200m.
Manchester United, who have spent 784m euros (£712m) on their current squad, are third.
They were top of the table last year, but the value of their squad has only increased by £66m this summer.
The CIES data covers Europe's big five leagues - the top divisions in England, France, Germany, Italy and Spain.
Premier League teams fill six of the top 10 positions and have the highest average squad worth of 287m euros (£261m).
| Costliest squads | ||
|---|---|---|
| Club | Country | Cost (euros) |
| All figures from CIES Football Observatory | ||
| Manchester City | England | 853 |
| Paris St-Germain | France | 850 |
| Manchester United | England | 784 |
| Chelsea | England | 644 |
| Barcelona | Spain | 628 |
| Real Madrid | Spain | 497 |
| Juventus | Italy | 470 |
| Liverpool | England | 437 |
| Arsenal | England | 416 |
| Tottenham | England | 361 |
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