The top two teams in the Premier League table, Manchester City and Manchester United, are no strangers to splashing out on player transfers but a new report has laid bare the extent of their big spending.

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The top two teams in the Premier League table, Manchester City and
Manchester United, are no strangers to splashing out on player transfers but a
new report has laid bare the extent of their big spending.
The two bitter rivals have registered the two largest net transfer deficits across
all of Europe's top five leagues over the past 10 transfer windows, according to
the latest football finance report from the CIES Football Observatory.
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The CIES research, using data published by clubs or reported by media since
the summer of 2016. has found that City have spent a total of more than €1
billion on incoming transfers -- €1,006 million ($1,217m), to be exact -- and
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3. recouped just €375m in outgoing sales. That has left them with the largest
negative net spend in Europe with a huge -€631m.
United are next on the list having spent €832m on signings and earned back
€246m in outgoing transfers, leaving them with a net spend of -€586m over 10
windows.
Here are the main takeaways from the CIES report.
Cityhavespentbigattheback
A vast chunk of City's outlay has been on defenders, with Pep Guardiola
bringing in €419m's worth of defensive players in the last four years alone.
Ruben Dias, City's most expensive defensive signing to date, became the fifth-
most expensive defender of all-time when he signed from Benfica in a deal
worth €68m ahead of the 2020-21 season. With City having conceded only 14
goals in 22 Premier League games so far this season, and Dias keeping 11 clean
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Most nettransferspendingoverlast transferwindowsfor
big- leagueteams @ManCityahead@ManUtd&heavily
indepted@FCBarcelona Six teams &2from inthe
top10(@Inter&@acmilan);fulldatainlast@CIES_Football
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4. sheets in 12 games through to the end of January (that's 990 minutes without
conceding a goal), you'd have to argue it was worth the hefty investment.
Unitedhavebrokenrecords
United have been responsible for a flurry of massive transfer deals in the same
period too, including a couple that made the record books. Paul Pogba's €105m
arrival from Juventus in 2016 was a world-record deal at the time, while club
captain Harry Maguire is still the world's most expensive centre-back following
his €91m move from Leicester City in 2019. Romelu Lukaku, Nemanja Matic,
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