eBusiness Weekly
Manchester City has become the first club in the history of football to invest more than one billion euros ($1,1 billion) on the transfers of players that make up its current squad, according to research by the CIES Football Observatory.
The English champion leads the way on €1 014 billion ($1,10 billion), ahead of France’s Paris Saint-Germain (€913 million/$1 billion) and Spain’s Real Madrid ((€912 million/$995 million).
City, which won the domestic treble last season, broke its transfer record earlier this year when it paid a reported £62,8 million ($77,6 million) for Spanish midfielder Rodri from Atletico Madrid. City’s current The Premier League champion has spent 32 times more than Norwich City on its squad of players.
According to CIES Football Observatory, the research analysed transfers to have taken place since 2010 involving teams from the top five major European leagues.
Manchester United on €751 million ($829 million) were found to be the fourth biggest spenders, ahead of Juventus on €719 ($793 million), and Barcelona on €697 ($769 million). — CNN.
