The highest wage bills in European football for the 2023-24 season have been revealed, with six Premier League clubs taking up spots in the top 10.
PSG top the list after the French champions paid their players a combined total of €658m (£553m), while LaLiga giants Real Madrid (£424m) and Barcelona (£400m) also feature in the top four.
But the rest of the list is dominated by English clubs.
Manchester City (£465m) are right behind PSG, and their heavy spending paid off as they won a fourth successive Premier League title.
Meanwhile, Liverpool (£377m) are hot on the heels of Barcelona in fifth. Bayern Munich (£361m) sit in sixth, before the rest of the top 10 is completed by Manchester United (£360m), Chelsea (£332m), Arsenal (£320m) and Aston Villa (£245m).
United’s wage bill did not translate to results on the pitch as they endured their worst campaign of the Premier League era under Erik ten Hag before the Dutchman was sacked last October.
Man City had the highest wage bill in the Premier League for the 2023-24 season
Liverpool were the second-highest Premier League club and fifth overall in Europe
Man United were right behind them, but had a miserable season under Erik ten Hag
Chelsea also missed out on the Champions League despite splashing the cash, but Arsenal pushed City all the way in the title race and Villa returned to Europe’s elite club competition after a brilliant campaign with Unai Emery at the helm.
Figures show that player wages across Europe reached €18bn (£15.1bn) in 2023-24, up by 6.5 per cent on the previous year.
It has also been confirmed that player salaries have significantly increased since the Covid-19 pandemic.
Following the release of the latest UEFA Club Licensing Benchmarking Report, the governing body’s president Aleksander Ceferin has warned clubs about paying excessive amounts of money to their players.
‘While most clubs appear to be managing player wage increases responsibly, other costs are rising rapidly, putting greater pressure on operating margins than ever before,’ he said.
‘Clubs must remain vigilant as there is still much work to be done to restore pre-pandemic profitability.’
Premier League clubs must adhere to Profit and Sustainability Rules (PSR) each year or face punishment, with Everton and Nottingham Forest both being handed points deductions last season after breaching the regulations.
UEFA also have their own financial rules for clubs involved in their competitions to follow.
PSG had the highest wage bill in Europe last season ahead of Man City and Real Madrid
Man United had the highest net spend between 2020 and 2024 after splashing the cash on players including Casemiro (pictured)
Todd Boehly’s Chelsea had the highest gross spent during this same period
The financial results for transfer spending over a five-season period between 2020 and 2024 have also been announced.
United (£623m) had the highest net spend ahead of Barcelona (£566m) and Juventus (£535m).
When it comes to gross spend, Chelsea were top after paying £1.7bn for transfers, putting them well clear of their nearest rivals, City.