Chelsea s 2024 squad most expensive ever in Europe says UEFA report

LONDON – Chelsea’s squad at the end of the 2024 financial year was the most expensive ever assembled in Europe in terms of transfer fees, according to a report released by governing body Uefa.

The European Club Finance and Investment Landscape report said the Blues spent €1.66 billion (S$2.4 billion) on combined transfer costs. That comfortably surpassed the value of Manchester United’s squad in 2023, which cost €1.42 billion to assemble, and the €1.33 billion spent by Real Madrid, which was the highest squad cost in 2020.

Chelsea have signed around 40 players since Todd Boehly and Clearlake Capital bought the club in 2022, but the club’s big-money transfers have not translated to significant on-field success, as the team finished sixth in the English Premier League last season and are currently fifth.

According to the report, which analyses all of Europe’s top divisions, Real (€1.073 billion),Manchester City (€854 million),Paris Saint-Germain (€808 million),United (€771 million) and Bayern Munich (€765 million) had the highest revenues in 2024.

The Premier League in 2023 had an average revenue of €357 million and approximate aggregate revenue of €7.15 billion.

Spain’s La Liga was second with revenues of €3.65 billion, with Germany’s Bundesliga (€3.61 billion),Italy’s Serie A (€2.88 billion) and France’s Ligue 1 (€2.37 billion) rounding off the top five.

The top 20 clubs have been relatively stable across the last decade, with all of the current top 20 featuring in the top 25 in 2014.

English clubs reported just over €7.1 billion of revenue in 2023, but the size of the top clubs meant the mean club revenue (€357 million) is considerably higher than the median (10-11th) club revenue of €245 million.

“This ‘typical’ median English club revenue has 60 per cent more revenue than the typical German club and three