No club in football history has invested as much money in transfer indemnities to assemble the squad than Manchester City presently. Despite the loan of Mangala to Everton, the expensive signing of Laporte brought the total squad recruitment cost to a record high of €878 M. The data for all big-5 league teams is available in issue number 214 of the CIES Football Observatory Weekly Post.

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Manchester City outranks Paris St-Germain (€805 M), Manchester United (€747 M) and Barcelona (€725 M). These are the only clubs having spent more than €700 M to assemble their current squad. The economic logic suggests that the next Champions League winners is to be found among these teams. However, while money is important, other factors such as team cohesion can influence the course of events.

The average amounts invested in transfer fees by league and team varies between €97 M for the French Ligue 1 to a record high of €291 M at English Premier League level. The figures in the three other competitions of the big-5 are more balanced: €113 M for the German Bundesliga, €124 M for the Italian Serie A and €131 M for the Spanish Liga. In total, 42 clubs out of 98 have a squad recruitment cost of more than €100 M.

Transfer expenditure to assemble the squad

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