Ranked: Manchester City, Barcelona and the 10 most expensive squads in European football - in pictures

Manchester City have become the first football club to assemble a squad worth more than €1 billion (Dh4.06bn), a study has shown.

Data from the Swiss-based CIES Football Observatory showed that Premier League champions City have spent €1.014b on their current squad. French champions Paris Saint-Germain were second having spent €913 million and Spain's Real Madrid were third with €902m.

Manchester United (€751m) have the second-most expensive squad in the Premier League followed by Uefa Champions League winners Liverpool (€639m).

The Premier League average was €345m, it said.

At the other end of the scale, Germany's Paderborn had the cheapest squad in the study (€4m), which looked at teams from the English, German, Italian, French and Spanish top flights.