The Premier League is the richest league in the world and so it's no surprise to see that record figures have been spent by each club in the division.
We have looked through each Premier League team and counted up just how much money was spent on assembling their current playing squad. As a point to note, all of the figures used are from Transfermarkt, who use Euros rather than Pounds for their valuations.
Of course, spending large sums of money is no guarantee of success, but each of the traditional top six appears fairly high up on this list which is no real surprise.
Manchester City top the list with an astonishing €1.01billion spent on their squad. What is even more amazing is the fact that City managed to record a profit in 2022, despite signing Erling Haaland amongst others.
Their profits are largely down to the sales of Raheem Sterling, Gabriel Jesus and Oleksandr Zinchenko. Despite the profits they have made this year, they are still way out ahead when it comes to spending itself.
Local rivals Manchester United also rank very highly on the list with a spend of €873.32million on their squad. Erik ten Hag is keen on further bolstering his squad during this winter window as the rebuild at Old Trafford continues.
Chelsea have recently shot above Manchester United up to second in this list, having spent almost €200million in the transfer window on Mykhailo Mudryk, Benoit Badiashile, Noni Madueke, Andrey Santos, David Datro Fofana – plus Joao Felix for a considerable loan fee.
Todd Boehly hasn't quite seen a return on his original investment at Chelsea so far as the club have struggled in the Premier League this season, despite their spending spree in the summer.
Jurgen Klopp has done a fine job with Liverpool and they have usually managed to hit the nail on the head when it comes to their recruitment. Latest signing Cody Gakpo hasn't quite hit the ground running but he'll be hoping to be the next star to shine at Anfield.
While Arsenal's rebuild under Mikel Arteta had its doubts to begin with, they are undoubtedly heading in the right direction as they currently top the Premier League with the youngest squad in the league.
The Gunners have spent a total of €416.26million on Arteta's squad, which puts them comfortably ahead of the likes of Newcastle and Spurs.
Newcastle have rapidly risen up the spending table following their lucrative takeover in October 2021. Eddie Howe has made good use of the funds so far as he already has them challenging for a spot in Europe.
Here is the full table which ranks each Premier League club by how much their squad cost to assemble. Note: these totals don't include transfer fees for players out on loan, but just members of the first-team squad.
1. Man City – €1.01billion
2. Chelsea – €945.29million
3. Man United – €873.32million
4. Liverpool – €709.05million
5. Arsenal – €516.26million
6. Spurs – €438.85million
7. Newcastle – €430.95million
8. West Ham – €384.45million
9. Leicester – €378.54million
10. Aston Villa – €351.53million
11. Wolves – €340.34million
12. Everton – €288.12million
13. Leeds – €262.86million
14. Southampton – €249.25million
15. Crystal Palace – €205.99million
16. Nottingham Forest – €190.32million
17. Bournemouth – €178.49million
18. Fulham – €133.40million
19. Brentford – €127.10million
20. Brighton – €107.16million