It is.... But the vast majority of clubs still need to supplement with academy and players with 'potential'; especially if they also want to be able to cover fees of north of 50m in key areas too......
22 x 50m = £1.1bn
+ swap in few worldies at 100m = £1.3bn/£1.4bn
Sure; the game is rapidly entering that territory at the very top end; but it's not exactly the norm yet.
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FWIW:
Manchester City's squad cost is reported as approximately €1.1 billion (or £898.5 million), making it the costliest squad in the Premier League and potentially the world, primarily based on transfer fees for current players. This figure represents the total transfer fees paid to assemble the current group of players.
Key Details
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Total Squad Cost:
A recent estimate from March 2025 places the cost at around €1.1 billion, according to Planet Football.
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Costliest Squad:
This figure makes Manchester City's squad the most expensive in the Premier League and potentially in the history of football, based on transfer fees alone.
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Based on Transfer Fees:
The cost refers to the total amount of money the club invested in transfer fees to acquire its current players, including loan fees and potential add-ons.
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Comparison:
Other reports, like one from late 2023, also show Manchester City at the top, with a squad cost of £898.5 million, notes Sky Sports.