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Manchester City have the most expensive squad in football, according to research group CIES Football Observatory.

City spent £215m in the summer transfer market to take the total outlay on their squad to 853m euros (£775m).

That is £3m more than the amount spent by Paris St-Germain, who signed Neymar in the summer for a world record £200m.

Manchester United, who have spent 784m euros (£712m) on their current squad, are third.

They were top of the table last year, but the value of their squad has only increased by £66m this summer.

The CIES data covers Europe's big five leagues - the top divisions in England, France, Germany, Italy and Spain.

Premier League teams fill six of the top 10 positions, and have the highest average squad worth of 287m euros (£261m).

Top 10 Costliest Squads

  1. Manchester City (England) - €853m

  2. Paris St-Germain (France ) - €850m

  3. Manchester United (England) - € 784

  4. Chelsea (England) - €644m

  5. Barcelona (Spain ) - €628m

  6. Real Madrid (Spain ) - €497m

  7. Juventus (Italy) - €470m

  8. Liverpool (England) - €437m

  9. Arsenal (England) - €416m

  10. Tottenham (England) - €361m

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