Manchester United have the worst net spend of any club in the world over the last 10 seasons, it has been revealed.
The Red Devils have a negative net spend of £1.15billion on transfers, which makes them the only club to shatter the £1bn barrier.
Chelsea are their nearest rivals in second with a negative net spend of £892million, as per the CIES Football Observatory.
For United, lavish buys such as £89m on Paul Pogba, £82m on Antony, and £80m on Harry Maguire comprise their total.
For Chelsea, more recent luxuries of £115m on Moises Caicedo, £107m on Enzo Fernandez, and £98m on Romelu Lukaku swell their spend.
Manchester United have the worst net spend of any club in the world over the last decade
United have a negative net spend of £1.15billion - around three times more than Liverpool
Chelsea come a distant second with a negative net spend of £892m over the last 10 years
Seven English clubs make the top 10 but there is no room for Liverpool, who only come in 13th with a negative net spend of £395m - around three times less than United.
Arsenal, Manchester City, Newcastle United, Tottenham, and West Ham all make the top 10 globally.
Arsenal were more conservative spenders in the Arsene Wenger regime but have loosened the purse strings in recent transfer windows.
Splurging £105m on Declan Rice and £65m on Kai Havertz in the summer boosted their total.
There have also been big-money moves for Nicolas Pepe (£72m) and Ben White (£50m) in the post-Wenger era.
Only three foreign clubs sneak into the 10 who have blown the most cash: PSG, Barcelona, and AC Milan.
PSG sit third with a negative net spend of £821m, compared to £566m for Barcelona in seventh and AC Milan in ninth with £481m.
The observatory's list presents all 169 clubs who have had a 'volume' of transfers - including purchases and sales - exceeding £85.66m in the last five years.
In that regard, Chelsea have been the most active club in the transfer market by some distance.
Astute spending and sales from Liverpool means they only have the 13th-worst net spend
Real Madrid spent £113m on Jude Bellingham, but the European greats have a lower net spend than Bournemouth!
Football's big spenders
These are the top 20 clubs by negative net spend in the last 10 years.
1) Manchester United - £1.15bn
2) Chelsea - £892m
3) PSG - £821m
4) Arsenal - £742m
5) Manchester City - £738m
6) Newcastle - £595m
7) Barcelona - £566m
8) Tottenham - £543m
9) AC Milan - £481m
10) West Ham - £439m
11) Aston Villa - £436m
12) Al-Hilal - £410m
13) Liverpool - £395m
14) Juventus - £385m
15) Crystal Palace - £291m
16) Bayern Munich - £338m
17) Everton - £330m
18) Bournemouth - £293m
19) Real Madrid - £278m
20) Wolves - £261m
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Their volume of transfers hits a whopping £2.2bn in five years.
They also beat out Man United for the highest net spend over the last five years, sending £669m down the drain in the final years of the Roman Abramovich era and the opening chaos under Todd Boehly.
Aston Villa, Al-Hilal, Liverpool, Juventus, and Crystal Palace round out the top 15.
That's a shocking reminder of Saudi frittering over the last year.
Al-Hilal spent £78m on Neymar only for him to sustain a devastating ACL injury.
They also handed over £52m for Brazilian midfielder Malcom and £47m to Wolves for Ruben Neves.
Liverpool's relatively modest net spend has been buttressed by some quality bargains, a long-term vision, and high-value sales.
The best example of their astute investment is Philippe Coutinho, who they signed for £8.5m in January 2013 and sold to Barcelona for £142m five years later.
Al-Hilal snuck into 12th with some whopping signings. They spent £78m on Neymar from PSG
PSG have the third-worst net spend in the world, only beaten by Man United and Chelsea
Manchester City only come in fifth but their wealth has shot them to unprecedented heights
While they have exchanged £85m for the likes of Darwin Nunez they have also cashed in on academy products like Raheem Sterling, who they sold to Manchester City for £49m.
Meanwhile, while you'd usually associate Real Madrid with blowing all the euros, they have a lower net spend than Bournemouth.
While being very active in the transfer market, Los Blancos have only had a negative net spend of £278m compared to the Cherries' £293m.
Huge splurgings such as on £113m on Jude Bellingham and an initial £88m on Eden Hazard have been counter-balanced by clever sales.
They managed to get £88m out of Juventus for a 33-year-old Cristiono Ronaldo and £70m out of Man United for Casemiro.
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