Man City Have First Billion-Euro Squad in History Ahead of PSG, Real Madrid

Manchester City's spending in the summer has seen them become the first club in history to assemble a squad at the cost of more than €1 billion in transfer fees.

Figures from the International Centre for Sports Studies showed, including add-ons, the combined total cost of City's squad:

The Sky Blues spent €168 million in the summer, which included a club-record €70 million fee for Rodri and €65 million on Joao Cancelo.

Second on the list are Paris Saint-Germain, who spent €104 million. Their biggest arrivals in the transfer window were Abdou Diallo and Idrissa Gueye, at a cost of €32 million and €30 million, respectively.

Real Madrid are third on the list after a squad overhaul that included the arrivals of Eden Hazard, Luka Jovic, Ferland Mendy, Eder Militao and Rodrygo, with their spending totalling €308 million.

Here's the top 20:

1. Manchester City, €1,014 million

2. PSG, €913 million

3. Real Madrid, €902 million

4. Manchester United, €751 million

5. Juventus, €719 million

6. Barcelona, €697 million

7. Liverpool, €639 million

8. Chelsea, €561 million

9. Atletico Madrid, €550 million

10. Arsenal, €498 million

11. Everton, €486 million

12. Tottenham Hotspur, €465 million

13. AC Milan, €408 million

14. Inter Milan, €364 million

15. Bayern Munich, €352 million

16. AS Monaco, €348 million

17. Napoli, €325 million

18. Borussia Dortmund, €321 million

19. Leicester City, €312 million

20. Valencia, €266 million

Los Blancos' squad is 148 times more expensive than Real Mallorca's, and there are significant gaps between the most and least expensive sides throughout the rest of Europe's top five leagues, too:

Relative to their spending, City and PSG haven't received a great deal from transfer sales:

Real have fared better on that front than their English and French counterparts. Per CIES, only four clubs—Monaco, Chelsea, Juventus and Benfica—have generated more in sales than Madrid's €763 million in the last decade.

The Spanish giants have been a dominant force in Europe in recent years, with four UEFA Champions League wins since 2014.

City and PSG have dominated on their domestic fronts.

The Citizens have won the Premier League two seasons running, notching 198 points in the process, and last season they also won the FA Cup, Carabao Cup and Community Shield.

PSG have won Ligue 1 in six of the last seven seasons, with a further 16 domestic honours coming their way since 2013.