New data released by the CIES Football Observatory shows that Manchester City have now become the first football team to assemble a billion euro squad.
City have been splashing the cash since they were taken over by the Abu Dhabi group back in 2008 and they have now splurged €1.014 billion on a host of players like Sergio Agüero, Kevin De Bruyne and Raheem Sterling.
Paris St-Germain come second in the spending league with a squad value of €913 million. Despite the extravagent spending of both Man City and PSG, both clubs have notably failed to win the Champions League.
Real Madrid have the third most expensive squad at €902 million.
This article and chart originally appeared on the blog of Statista, a data firm, and is republished here with permission.