Manchester City have assembled the first billion euro squad

Manchester City have assembled the first billion euro squad , says a report by the CIES Football Observatory .

Pep Guardiola’ s side were the first team to win back – to – back Premier League titles since Manchester United 10 years ago .

City , who have benefitted hugely since the Abu Dhabi group takeover in 2008, spent (1 . 014 bn /£ 906 m ) on their current players with Paris St -Germain (913 m euros ) and Real Madrid (902 m euros ) in second and third .

The Premier League champions ’ squad is worth 32 times the value of Norwich ’ s . Manchester United have the second most expensive English squad (751 m euros ).

CIES, the football statistics research group based in Switzerland , looked at the senior players in each team in all four of Europe ’ s biggest leagues – Premier League , La Liga , Serie A and Bundesliga .

Paderborn , promoted to the German top flight in the summer , were found to have the cheapest squad , valued at 4 m euros (£ 3 . 57 m ).

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