The 2 most expensive soccer teams in the world each have a value of over $1.4 billion

• Manchester United and Manchester City have the most expensive squads in world soccer, according to a new survey.
• The CIES Football Observatory says that both teams have a squad value of over $1.4 billion.
• Barcelona, Real Madrid and Bayern Munich also feature in the top 10.

Manchester City and Manchester United have the two most expensive squads world soccer and are each valued at more than $1.4 billion, according to a new study.

The International Centre for Sports Studies (CIES) Football Observatory estimated the squad value of the 98 teams that play in Europe's top five leagues.

These leagues are the English Premier League, France's Ligue 1, Spain's La Liga, Germany's Bundesliga and Italy's Serie A.

Of the clubs, the two Manchester sides were deemed to have the most expensive squads.

Pep Guardiola's City came top with a squad value of $1.48 billion while Ole Gunnar Solskjaer's United team is valued at $1.4 billion.

Fellow Premier League side Chelsea is in third with a value of $1.09 billion. Spanish giant Barcelona is fourth on $1.03 billion, despite having to sell Lionel Messi just to balance its books.

Paris Saint Germain, the club which Messi joined in the summer, came in eighth with a squad value of $932 million.

The French side currently owns the two most expensive players ever in Neymar and Kylian Mbappe, with the former's 2017 move from Barcelona remaining the most expensive transfer ever at $256 million.

The squads of Bayern Munich, Liverpool, Real Madrid, Borussia Dortmund, and Atletico Madrid make up the rest of the top 10.

Manchester is full of expensive stars

Summer signing Jack Grealish is the most expensive footballer currently playing in Manchester having cost City $143 million. The 26-year-old joined Pep Guardiola's side from Aston Villa and his fee beat the $128 million that United paid for Paul Pogba in 2016.

Other mega-money stars plying their trade in the English city include United's Harry Maguire ($106 million) and Jadon Sancho ($104 million); and City's Kevin De Bruyne ($92 million) and Ruben Dias ($83 million).