Football’s first billion-euro squad belongs to Man City

Manchester City have spent big in recent years. (AFP pic)

BANGALORE: Premier League champions Manchester City are the first team to have spent more than €1 billion (US$1.1 billion) to assemble their squad, a study.

Data from the Swiss-based CIES Football Observatory showed that City have spent €1.014 billion on their current squad.

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

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

The Premier League average was €345 million, it said.

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