Top 10 most expensive squads in Europe

Cape Town - Real Madrid have edged out Manchester City to earn the right to be called the most expensively assemble squad in Europe.

Read: The world's richest club is...

Analysis published from the Football Observatory in Switzerland shows that Real Madrid are currently the most expensively assembled squad across Europe's top 5 leagues.

Manchester rivals, City and United, are placed in second and third place while Chelsea (5th), Liverpool (7th) and Arsenal (9th) confirm the Premier League's status as the big spenders in Europe.  

Europe’s Top 10 most expensive squads (in millions):

1. Real Madrid - €587 million

2. Manchester City - €560m

3. Manchester  United - €533m

4. Paris St Germain - €525m

5. Chelsea - €407m

 6. Barcelona - €394m

7. Liverpool - €344m

8. Bayern Munich - €337m

9. Arsenal - €305m

10. Juventus - €301m