
In the high-stakes world of modern football, financial muscle often dictates on-field prowess. A new report from the CIES Football Observatory has unveiled the staggering costs behind the globe’s elite squads, revealing that Chelsea has assembled the most expensive roster in world football, with an eye-watering investment of €1.314 billion.
The study highlights a significant trend: the Premier League’s unparalleled financial power. An astonishing five English clubs have broken the €1 billion barrier in squad construction, underscoring the league’s dominance in player acquisition and valuation.

Premier League’s Financial Might on Full Display
Chelsea’s monumental spend places them at the pinnacle, a testament to their aggressive transfer strategy in recent windows. Hot on their heels is reigning Premier League champion Manchester City, whose squad value sits at a formidable €1.128 billion. Fierce rivals Manchester United occupy third place with a squad cost of €1.071 billion, showcasing the intense financial competition at the top of English football.
Despite overseeing a record-breaking transfer window this past year, Liverpool finds itself in fourth position with a squad valued at €1.065 billion, just ahead of Arsenal, who complete the billion-euro quintet with a spend of €1.001 billion. This concentration of wealth within a single league is unprecedented and speaks volumes about the Premier League’s global appeal and revenue generation.

Beyond the Billion: European Giants and a Saudi Challenger
Dropping just below the €1 billion threshold, another English club emerges: Tottenham Hotspur, with a squad cost of €974 million, significantly outpacing French powerhouse Paris Saint-Germain (€873 million) in seventh. Real Madrid, despite their penchant for ‘Galáctico’ signings like Jude Bellingham, and Newcastle United both hover slightly behind PSG, illustrating the depth of spending across Europe’s elite.

A notable drop of nearly €250 million separates Newcastle from Atlético Madrid, who round out the top ten. Interestingly, despite Real Madrid’s substantial €854 million outlay, their eternal rivals Barcelona sit considerably lower in 15th with a squad cost of €463 million, nearly half that of Los Blancos.
The only non-European team to crack the top 30 is Saudi Arabian side Al Hilal. Their aggressive recruitment strategy, bringing in stars like Rúben Neves, Malcom, and Sergej Milinković-Savić, has propelled them to 17th place with a squad valuation of €451 million, signaling the growing financial influence of non-traditional footballing powerhouses.
The Global Landscape of Squad Valuation
The CIES Football Observatory’s comprehensive ranking of the 30 most expensively assembled squads provides a clear snapshot of where football’s financial power truly lies:

Top 30 Most Expensively Assembled Squads in the World
Rank | Team | Total Transfer Cost |
---|---|---|
1. | Chelsea | €1.314 billion |
2. | Man City | €1.128 billion |
3. | Man Utd | €1.071 billion |
4. | Liverpool | €1.065 billion |
5. | Arsenal | €1.001 billion |
6. | Tottenham | €974 million |
7. | PSG | €873 million |
8. | Real Madrid | €854 million |
9. | Newcastle | €816 million |
10. | Atlético Madrid | €572 million |
11. | Nottingham Forest | €508 million |
12. | Juventus | €503 million |
13. | Bayern Munich | €496 million |
14. | West Ham | €494 million |
15. | Barcelona | €463 million |
16. | Napoli | €456 million |
17. | Al Hilal | €451 million |
18. | RB Leipzig | €434 million |
19. | Aston Villa | €427 million |
20. | Brentford | €418 million |
21. | Borussia Dortmund | €415 million |
22. | Brighton | €412 million |
23. | Bournemouth | €408 million |
24. | AC Milan | €408 million |
25. | Everton | €396 million |
26. | Bayer Leverkusen | €395 million |
27. | Wolves | €377 million |
28. | Atalanta | €349 million |
29. | Crystal Palace | €337 million |
30. | Fulham | €322 million |
The sheer dominance of the Premier League is undeniable, with 17 of the 30 most expensive squads hailing from England. In fact, only the recently promoted trio of Sunderland, Leeds United, and Burnley are absent from the Premier League’s representation in this elite financial group.
Spain contributes three clubs to the top 30, while Germany and Italy each have four representatives. France and Saudi Arabia each feature one club, rounding out the global distribution of football’s most valuable rosters.
This report not only highlights the massive investments made by clubs to secure top talent but also underscores the evolving financial landscape of world football, where strategic spending and significant revenue streams are increasingly critical for success.