Who has the most valuable squad in the 2023-24 Champions League?

Cameron Smith

• Updated: 19 Sept 2023 15:59 BST
• 4 min read

Manchester City have the most valuable squad in the 2023-24 Champions League season.

The reigning champions of the competition have an incredible squad value of €1.026 billion, as per FootballTransfers’ in-house Estimated Transfer Value (ETV) algorithm, which is nearly €150m more than the second-most valuable team in this year’s UCL.

Erling Haaland is Man City’s most valuable player and he is also the most valuable player in world football, with an ETV of €141.5m. Phil Foden (€90.6m), Bernardo Silva (€79.8m), Ruben Dias (€79m) and Rodri (€78.1m) are also valued extremely highly.

Estimated Transfer Value (ETV) explained

Our Player Valuation Model calculates an Estimated Transfer Value (ETV) for more than 240.000 players in the world.

Read more here.

Our Player Valuation Model calculates an Estimated Transfer Value (ETV) for more than 240.000 players in the world. It uses information on the player's skill, potential, performance, contract duration, position and other statistics to estimate an accurate ETV.

Read more here.

READ MORE: Five Champions League hidden gems to watch this season

The second-most valuable team in world football is actually Chelsea (€868.4m ETV), but Mauricio Pochettino’s side will not be playing in any form of European competition this campaign after finishing 12th in the Premier League last season.

Real Madrid’s €854.7m ETV means they are the second-most valuable Champions League squad this year. Los Blancos may have lost the talismanic figure of Karim Benzema to the Saudi Pro League, but they still have nine players valued over €40m, including summer signing Jude Bellingham (€122.5m) and Brazil star Vinicius Junior (€105m).

Arsenal (€796.2m), Paris Saint-Germain (€765.2m) and Manchester United (€757.1m) complete the top five.

READ MORE: Champions League top scorers 2023/24: Can Haaland triumph for a third time?

Bayern Munich, helped by the summer arrival of Harry Kane, are the sixth-most valuable team in the 2023-24 Champions League, ahead of Barcelona, AC Milan, Newcastle United and Napoli.

Crvena zvezda - also known as Red Star Belgrade - have the least valuable squad in this year’s Champions League. The Serbian side’s squad is valued at just €58.3m by FootballTransfers’ ETV.

Their most valuable player is 21-year-old forward Vladimir Lucic, who has an ETV of €4.5m.

Young Boys (€66.8m), Shakhtar Donetsk (€77.5m), Royal Antwerp (€105.9m) and Braga (€110.3m) complete the bottom five.

The most valuable squads in the 2023-24 Champions League

What is the ‘Group of Death’ according to ETV?

Using FootballTransfers’ in-house values, Group F is the hardest. PSG, Dortmund, Milan and Newcastle have an average squad value of €543.6m, which is higher than any other group in this season’s Champions League.

According to ETV, Group E is the easiest. Feyenoord, Atletico, Lazio and Celtic have an average squad value of just €260m - the lowest of any group. That is closely followed by Group H, which has a €269.1m average squad value. That group contains Barcelona, Porto, Shakhtar and Antwerp.

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