Pep Guardiola and Ole Gunnar Solskjaer
Manchester City and Manchester United have the most valuable squads in world soccer.
Matt McNulty – Manchester City/Manchester City FC via Getty Images and Matthew Peters/Manchester United via Getty Images

Manchester City and Manchester United have the two most expensive squads world soccer and are each valued at more than $1.4 billion, according to a new study.

The International Centre for Sports Studies (CIES) Football Observatory estimated the squad value of the 98 teams that play in Europe's top five leagues.

These leagues are the English Premier League, France's Ligue 1, Spain's La Liga, Germany's Bundesliga and Italy's Serie A.

Pep Guardiola celebrates winning the Premier League
City is the reigning Premier League champion.
Michael Regan/Getty Images

Of the clubs, the two Manchester sides were deemed to have the most expensive squads.

Pep Guardiola's City came top with a squad value of $1.48 billion while Ole Gunnar Solskjaer's United team is valued at $1.4 billion.

Fellow Premier League side Chelsea is in third with a value of $1.09 billion. Spanish giant Barcelona is fourth on $1.03 billion, despite having to sell Lionel Messi just to balance its books.

Neymar being presented as a PSG player
Neymar is the most expensive signing in soccer history.
LIONEL BONAVENTURE/AFP via Getty Images

Paris Saint Germain, the club which Messi joined in the summer, came in eighth with a squad value of $932 million.

The French side currently owns the two most expensive players ever in Neymar and Kylian Mbappe, with the former's 2017 move from Barcelona remaining the most expensive transfer ever at $256 million.

The squads of Bayern Munich, Liverpool, Real Madrid, Borussia Dortmund, and Atletico Madrid make up the rest of the top 10.

Manchester is full of expensive stars

Jack Grealish playing for Manchester City
Grealish left his boyhood club Aston Villa to join City.
Michael Regan/Getty Images

Summer signing Jack Grealish is the most expensive footballer currently playing in Manchester having cost City $143 million. The 26-year-old joined Pep Guardiola's side from Aston Villa and his fee beat the $128 million that United paid for Paul Pogba in 2016.

Other mega-money stars plying their trade in the English city include United's Harry Maguire ($106 million) and Jadon Sancho ($104 million); and City's Kevin De Bruyne ($92 million) and Ruben Dias ($83 million).

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