It may not come as a surprise that Premier League champions Manchester City and their local rivals Manchester United have the two most valuable squads in Europe, but the size of the gap between them and the rest is quite staggering.
The CIES Football Observatory in Switzerland have produced a study of all 98 squads playing in Europe's top five leagues: the Premier League (England), LaLiga (Spain), Bundesliga (Germany), Serie A (Italy) and Ligue 1 (France).