- The highest salary accounts in European football were revealed
- The top 10 list was dominated by Premier League clubs for season 2023-24
- Listen now: It’s all starting! Is it hard in Anthony Gordon that he misses the Carabao Cup final?
The highest salary accounts in European football for the 2023-24 season were revealed, with six Premier League clubs winning points in the top 10.
PSG is at the top of the list after the French champions have paid their players a total combined of € 658 million (553 million pounds), while Laliga Giants Real Madrid (£ 424m) and Barcelona (£ 400m) also appear in the top four.
But the rest of the list is dominated by English clubs.
Manchester City (£ 465m) is just behind PSG, and its heavy spending has been worth it by winning a fourth successive Premier League title.
Meanwhile, Liverpool (£ 377m) is hot shortly after Barcelona fifth. Bayern Munich (£ 361m) is sixth, before the rest of the top 10 is completed by Manchester United (360 million pounds), Chelsea (£ 332m), Arsenal (£ 320m) and Aston Villa (£ 245 million).
United’s salary did not translate into results on the field, as they supported their worst campaign of the Premier League era under Erik Ten Hag before the Dutch was fired last October.
Manchester City had the highest salary account at Premier League for season 2023-24
Liverpool was the second largest premier league club on the list and the fifth overall in Europe
Manchester United was right behind them, but had a miserable season with Erik Ten Hag
Chelsea also lost the Champions League, despite spending the money, but Arsenal pushed City on the title race and Villa returned to Europe’s elite club competition after a brilliant campaign with Unai Emery in charge.
The numbers show that the salaries of players across Europe reached € 18 billion (£ 15.1 billion) in 2023-24, an increase of 6.5 % in the previous year.
It has also been confirmed that players’ salaries have increased significantly since Covid-19 pandemic.
Following the release of UEFA CLUB’s latest licensing benchmarking report, the president of the ruling agency Aleksander Ceferin warned the clubs about paying excessive amounts of money to his players.
“While most clubs seem to be managing players’ salary increases with responsibility, other costs are rapidly increasing, pressing more operating margins than ever,” he said.
‘Clubs must remain vigilant, as there is still a lot of work to be done to restore pre-pandemic profitability.’
Premier League clubs should adhere to profit and sustainability rules (PSR) each year or face the punishment, with Everton and Nottingham Forest receiving points in season after violating regulations.
UEFA also has its own financial rules for the clubs involved in its following competitions.
The Man United had the highest liquid spending between 2020 and 2024 after spending money for players, including Casemiro
Chelsea had the greatest gross expense during the same period (the co-controlling owner Todd Boehly in the photo)
Financial results for transfer spending over a period of five seasons between 2020 and 2024 were also announced.
United (£ 623m) had the highest liquid spending before Barcelona (£ 566m) and Juventus (£ 535m).
When it comes to gross spending, Chelsea was at the top after paying 1.7 billion pounds for transfers, leaving them far from their closest rivals, City.
