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Manchester City and Manchester United top the rankings for the highest estimated squad value with both teams worth more than £1BILLION... while Chelsea's lucrative side are valued at £800m, above Barcelona and Bayern Munich

Manchester City and Manchester United reigned supreme at the top of the table for highest valued squads, with both worth more than £1billion in a report by the CIES Football Observatory.

It should come as no surprise to see the two Premier League power-players leading the rankings given their investment and transfer dealings in recent seasons. City - who splashed out £100m on Jack Grealish this summer - had an estimated squad worth of £1.28billion.

Pep Guardiola's side edged narrowly above their local rivals Manchester United, who had a very busy window indeed and sprinkled some serious talent around their already expensive squad.