As Man City transfers reach £1 billion, Manchester United breaks the record for the most expensive squad ever.
A UEFA study claims that Manchester United’s team has broken the previous record for the most expensively formed squad ever. By the conclusion of the 2023 fiscal year, the team—which had talents including Antony, Harry Maguire, Jadon Sancho, and Casemiro—had paid an incredible £1.21 billion in transfer fees, shattering the previous record set by Real Madrid in 2020.
But recent additions like Mason Mount, Andre Onana, and Rasmus Hojlund are not included in the numbers. A few more teams with billion-euro rosters include Real Madrid, Manchester City, and Chelsea.
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According to the research, 105 European top division teams, or 13% of all clubs, have a connection of cross-investment with one or more other clubs. Groups owning an interest in at least one other European club made 31 acquisitions of majority holdings and seven purchases of minority stakes in 2023. In addition, Sir Jim Ratcliffe, the founder of Ineos, is on the verge of purchasing a quarter of United via an investment group that includes other clubs.
On average, nevertheless, fewer than one move is made each team within the same multi-club framework. That percentage has dropped (0.6 transfers per club in 2023 compared to 0.8 in 2021) while multi-club investment groups have grown in size, indicating that player transfers are not the only factor driving the multi-team investment trend.
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UEFA’s director of financial sustainability and research, Andrea Traverso, said: “More than 300 clubs are part of multi-club investment groups, leading to an increased risk of seeing two clubs with the same owner or investor facing each other in the same competition, creating potential integrity risks at the European level.
“The current context demands strict enforcement of cost control regulations and more harmonisation of financial rules between leagues. This is paramount to limit overspending, ‘creative finance’, and rules circumvention.
“As long as differences on key regulatory matters continue between leagues, inflationary tensions will persist, contributing to imbalances and instability.”
The report also found that spending on player wages fell by 1.1 per cent among the clubs with the 20 biggest wage bills. United spent 88m euros (£75m) less on player wages in 2023 compared to the previous year, while Barcelona and City saw big increases in their wage bills 158m euros and 68m euros (£134.8m and £58m) respectively.