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Manchester City are first €1 billion squad - study

Now that the summer transfer window is finally shut, ESPN FC's Shaka Hislop gives his picks for the best five.
Shaka Hislop presents his weekly power rankings and is given quite a bit of stick by the FC guys for how he ordered the top 10.
Craig Burley explains why Aymeric Laporte's injury absence could have Man City regretting their decision not to bring in a center half this summer.
Alejandro Moreno and Ross Dyer rank Manchester City, Chelsea, Tottenham and Liverpool in terms of who got the hardest group draw in the UEFA Champions League.

Premier League champions Manchester City are the first team in football history to spend more than €1 billion to assemble their squad, a study has shown.

Data from the Swiss-based CIES Football Observatory showed that Pep Guardiola's club spent €1.014bn on their group of players.

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French champions Paris Saint-Germain were second having spent €913 million and Spain's Real Madrid were third with €902m.

Manchester United (€751m) have the second-most expensive squad in the Premier League followed by Champions League winners Liverpool (€639m).

This study follows a report from Deloitte which showed European clubs from the "big five" leagues spent over €5bn during the summer transfer window for the first time.

The report said the Premier League average was €345m while La Liga and Serie A both averaged €167m. The average spend in the Bundesliga was €124m while Ligue 1 averaged the lowest spend among the big five leagues with €118m.

At the other end of the scale, Germany's Paderborn had the cheapest squad in the study (€4m), which looked at teams from the English, German, Italian, French and Spanish top flights.

The top 10 clubs to spend the most on current squad:

1. Manchester City (€1.014bn)
2. Paris Saint-Germain (€913m)
3. Real Madrid (€902m)
4. Manchester United (€751m)
5. Juventus (€719m)
6. Barcelona (€697m)
7. Liverpool (€639m)
8. Chelsea (€561m)
9. Atletico Madrid (€550m)
10. Arsenal (€498m)

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