Man Utd, Man City And PSG Have Each Spent Over $1Billion Net On Transfers In 10 Years

The CIES Football Observatory has revealed that Man United, Man City and PSG have all spent over one billion dollars net on transfers since 2012.

Some serious number-crunching by the CIES Football Observatory has revealed which 20 European clubs have made the biggest outlays on transfers over the last decade.

Released this week, the data shows that since the summer of 2012, Manchester United have had a higher net spend than any other club.

Despite this, the Old Trafford outfit have only won the Premier League once since 2012.

That is in no small part due to the dominance of five-time Premier League champions Manchester City, who sit second on the list.

According to the CIES data, which "includes eventual add-on fees", United have spent €1.545b on transfers during the period in question. It is claimed they have received €470m back, leaving them with a net spend of €1.075billion ($1.230billion).

City's €1.699b minus €715m, leaves them with a net spend of €984m ($1.126billion).

Paris Saint-Germain are the only other club said to be out of pocket by over a billion US dollars. Their figures show a spend of €1.445b, receipts of €504m and an overall net outlay of €941m ($1.077b).

Rank	Club	Net Spend In Euros
1	Manchester United	1.075 Billion
2	Manchester City	984 Million
3	Paris Saint-Germain	941 Million
4	Barcelona	650 Million
5	Arsenal	583 Million
6	Juventus	561 Million
7	AC Milan	432 Million
8	Everton	429 Million
9	Aston Villa	424 Million
10	Chelsea	413 Million
11	Inter Milan	385 Million
12	West Ham	374 Million
3	Bayern Munich	363 Million
14	Liverpool	347 Million
15	Newcastle	339 Million
16	Tottenham	336 Million
17	Crystal Palace	292 Million
18	Leicester	275 Million
19	Brighton	248 Million
20	Wolves	247 Million

Real Madrid did not make the top 20. The Spanish giants were 25th on the list, with a net spend of €179m