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Costliest squads: Liverpool takes the lead

The 552nd CIES Football Observatory Weekly Post ranks the teams worldwide having invested the most on transfer fees (including add-ons, regardless of effective payment) to sign the players currently in their squads. Liverpool FC (€1.226 billion) has moved up three places compared with the same date last year and now tops the table, replacing Chelsea FC.

Six English clubs occupy the top six places, whilst Real Madrid has overtaken Paris Saint-Germain among teams from other countries. The Post also presents the net transfer spending for both the current calendar year and the last ten transfer windows. For 2026, the values stretch from +€207 million for Paris St-Germain to -€287m for Al-Hilal SFC. Over the last five years, from +€337 million for LOSC Lille to -€873m for Al-Hilal SFC again.

In terms of transfer expenditure only, five English clubs are at the top of the table for both 2026 (Manchester City, Tottenham, Aston Villa, Chelsea and Newcastle) and the last five-year period (Chelsea, Manchester City, Tottenham, Liverpool and Manchester United). Brighton & Hove is the only Premier League club with a positive net transfer balance over the last ten transfer windows (+€33m).

>>> Full data

Top development clubs worldwide

The first CIES Football Observatory Weekly Post for what promises to be an exciting new season ranks teams from 50 top division leagues around the world according to the percentage of domestic league minutes in 2026 by players who had not yet turned 21 at the time of the matches.

Topping the table with 48.1% of minutes by U21s are Danish side FC Nordsjælland. This is a unique team and project, bringing together players trained locally or at the Right to Dream partner academy in Ghana, as well as other talents spotted at a very young age, and also standing out for its highly technical style of play, its ability to generate great transfer fees and its proven results.

RC Strasbourg ranks second (37.9% of minutes by U21s), whilst the Serbian side FK Partizan rounds up the podium (37.0%). Australia’s Melbourne City is the top-ranked team outside of Europe (5th, 32.9%). The City Group’s side are ahead of the Americans of San Diego FC (30.6%), a club also controlled by the owners of FC Nordsjælland, following a similar strategy both technically and demographically.

>>> Full data

>>> Other exclusive demographic data

>>> Last Prospect Sheet with Impect : Givairo Zechiël / Eredivisie

(Good) news from the CIES Football Observatory

As the transfer window draws to a close – with spending likely to reach record levels – and with most leagues resuming their fixtures following the World Cup, the CIES Football Observatory wishes you a fantastic new football season, with a Prospect Sheet as a gift.

Compiled by combining data generated by us with that collected by our partners at Impect, the analysis focuses on Feyenoord’s Dutchman Gjivai Zechiël, who stands out for his finishing ability. With a contract valid for just two years and an offer approaching his estimated value (€20m), a last-minute transfer is likely.

>>> All Prospect Sheets

We also invite you to make the most of the many other analyses available free of charge on our website, including our tools on demographics, migration, value and performance, and to follow us on social media. Our weekly posts will resume next week. If you wish to unsubscribe or update your subscription details, you can do so via the link below.

Yours in football, the CIES Football Observatory team

New video on migration in football

With another record-breaking transfer window in full swing, footballers are getting ready to pack their bags. Many of them are already playing outside the countries where they grew up, or are preparing for their first experience abroad. Where do these migrant footballers come from? Where are they going? Covering 135 leagues in 88 countries, this video explores the global geography of migration in football.

The analysis highlights the main exporting countries and migration patterns. From the global presence of Brazilian players to the more regional career paths of French and Argentine footballers, the study sheds light on the structure of the international labour market for professional footballers. The Atlas of Migration provides access to even more data.

The CIES Football Observatory website also provides all football fans with other tools enabling them to access exclusive data on team and player demographics, their performance (in collaboration with Impect) and transfer values (in this regard, a paid platform has been developed for industry professionals).

Make the most of these tools and do spread the word!

>>> Access the video

The CIES Football Observatory breaks new ground with Impect

With the 2026 FIFA World Cup in full swing, the CIES Football Observatory is proud to present a new tool, available free of charge, for analysing the characteristics of participating teams and players from the perspective of their technical performance.

For each outfield player fielded for at least 60 minutes, the tool provides an overall performance score out of 100, as well as scores across eight areas of play, based on match data exclusively produced by our partners at Impect, through which comparing players. Detailed explanations can be found in this note.

At team level, we present indices on a scale of 100 relating to teams’ propensity to press opponents, control the game or dominate offensively. The scores for each of these three aspects are constructed from nine indicators, making a total of 27, as explained in this document.

Further information on the outstanding work carried out by Impect is accessible here. We are also available to provide further details on the approach developed.

>>> Access the tool

CIES Football Observatory’s survey findings

The CIES Football Observatory’s research team is pleased to present the results of a survey conducted among our newsletter subscribers on the actions considered necessary in terms of the governance of men’s club soccer. In total, we received 1,424 responses.

For each question asked, we present the proportion of respondents who rated the urgency of taking further action in the relevant area as at least four on a scale of five. The percentages range from 84.9% of respondents calling for measures to combat money laundering through football to just 16.4% who consider it urgent to adopt new rules to deal with excessive goal celebrations.

More information is available upon request.

>>> Survey findings

>>> New Prospect Sheet with Impect : Ayyoub Bouaddi

Negative correlation between temperature and physical performance

The CIES Football Observatory is pleased to present a video analysing the relationship between the distance covered by players during a match and the ambient temperature. Data collected in partnership with SkillCorner from 35 leagues around the world indicates a significant decrease in the distance covered as temperatures rise.

On average, a player covers 10.1 km during 90 minutes of play if the temperature does not exceed 15°C ; this distance decreases by about one kilometre when the temperature rises to 30°C or higher.

Leagues located in the hottest regions are particularly affected by this heat stress, including the Pro League in the United Arab Emirates, the K League in South Korea, the Chinese Super League, La Liga in Spain, and the Brazilian Serie A. With the World Cup underway, MLS data also shows the negative impact of high temperatures on the distances covered.

>>> More about SkillCorner

>>> Full video

>>> New Prospect Sheet with ImpectYan Diomandé

Top-valued teams: three main favourites

Based on the estimated transfer values* of the selected players, three national teams look like the main favourites to win the 2026 World Cup. England top the ranking with a total squad value of €1.454 billion. They are followed by France (€1.436 billion) and Spain (€1.407 billion). The values of all qualified teams are listed in the 550th Weekly Post of the CIES Football Observatory.

With inflation and a larger number of participating teams, the estimated total value of all squads in the competition reaches €18.1 billion. This is €3.1 billion more than at the 2022 World Cup. As noted last week, the statistical model of the CIES Football Observatory currently values only two players at more than €200 million : Spain’s Lamine Yamal and Norway’s Erling Haaland.

At the other end of the ranking, Iran is the qualified team with the lowest total transfer value, at only €12 million. It is followed by Iraq (€13 million) and Jordan (€15 million). However, strong performances in the competition could still help some players from these teams secure a transfer to much more competitive clubs.

* According to CIES Football Observatory’s statistical model

>>> Full data

Most expensive players: Yamal in a league of his own

The 549th Weekly Post presents the 100 players in the world with the highest estimated transfer value, as calculated from the CIES Football Observatory’s statistical model. FC Barcelona’s young Spanish prodigy, Lamine Yamal, crushes the competition with a valuation of €358 million. Ahead of Manchester City’s Norwegian striker Erling Haaland (€227 million).

No other player is valued at over €200 million, with Kylian Mbappé in third place (€166 million). The following players are at the top of the list for the other positions : Gianluigi Donnarumma (goalkeepers), Pau Cubarsí (centre backs), Nico O’Reilly (wide backs), Pedri González (central midfielders) and Arda Güler (attacking midfielders).

Compared with last January, the largest increase was recorded for Yan Diomandé (+€75 million to €119 million), whilst the largest decrease was for Alexander Isak (-€54 million to €41 million). Compared with June’s 2025 ranking, the largest changes were registered again for Yan Diomandé on the positive side (+€116 million) and Jude Bellingham on the negative one (-€113 million).

>>> Top 100

Top valued player per club in 7⃣0⃣ leagues 👉 https://football-observatory.com/Tool-Value

New Prospect Sheet with Impect: Lucas Herrington

Most popular clubs on social media

The 548th Weekly Post from the CIES Football Observatory ranks clubs worldwide according to their number of followers on the main social media platforms (Facebook, Instagram, TikTok, YouTube and X). Two clubs stand out: Real Madrid (488 million followers) and Barcelona (442 million). England’s Manchester United complete the top three (239 million), ahead of Paris Saint-Germain (208 million).

Among teams ranked in the top 10 positions, German side Bayern Munich recorded the strongest growth over the past year both in absolute (+16.1 million followers) and relative terms (+11%). Clubs in the top 10 have a combined total of 2.36 billion followers, up 3.8% on last year, broken down as follows among the platforms selected: Instagram (31%), Facebook (31%), TikTok (17%), X (16%) and YouTube (5%).

Twenty-six countries from every continent except Oceania are represented in the top 100, with the highest number of clubs located in the following three nations: Spain (21 teams, often with a large following on TikTok), England (16) and Brazil (11). Outside Europe, the top three are Brazil’s Flamengo (€71.6 million), Saudi Arabia’s Al-Nassr FC (€66.0 million) and Egypt’s Al-Ahly SC (€60.1 million).

>>> Top 100

Best XIs of the season: 34 leagues

The 547th CIES Football Observatory Weekly Post presents the Team of the Season (4-2-1-3) for 34 leagues reaching their conclusion. The selection was made by taking into account players’ performances (eight game areas for outfield players and the difference between goals expected goals and conceded for goalkeepers ; Impect data), the results of matches in which players’ participated, and playing time.

At big-5 league level, the following goalkeepers are part of the Best XIs : David Raya (Arsenal), Joan García (Barcelona), Hervé Koffi (Angers), Alexander Nübel (Stuttgart), and Marco Carnesecchi (Atalanta). At the forefront of the attack are the top scorers : Erling Haaland (Manchester City), Kylian Mbappé (Real Madrid), Estéban Lepaul (Stade Rennais), Harry Kane (Bayern), and Lautaro Martínez (Inter).

The CIES Football Observatory Team of the Season in the Premier League is made up of five Arsenal players (Raya, Timber, Saliba, Gabriel Magalhães and Rice), three from Manchester City (Cherki, Haaland and Doku), two from Manchester United (Casemiro and Bruno Fernandes), as well as Adrien Truffert from Bournemouth. More information about the method used is available here.

>>> All Best XIs

>>> New Prospect Sheet with Impect: Pedro Zarza

Player exports: Brazil ahead of France

The 546th CIES Football Observatory Weekly Post presents the 50 nations worldwide with the highest number of expatriates* currently playing in 135 professional leagues across the globe. As last year, Brazil remains the leading exporter (1,455 players abroad, +37), but is being hotly pursued by France (1,275, +86), with reigning world champions Argentina in third place (1,016, +27).

Since 2021, the largest increase in absolute terms has been recorded for France (+332 expatriates), with a steady rise (+35% in five years). In relative terms, the sharpest growth among the top 10 exporting nations was observed for Portugal (+198 players abroad, +66%), Spain (+255, +60%) and Nigeria (+211, also +60%).

Only 9 of the top 50 exporting countries have seen a decline in the number of their nationals abroad since 2021, reflecting the general increase in international migration flows. The sharpest decline was recorded for Serbia (-53 expatriates, -12%). To find out the main foreign destinations for each country of origin, please consult our Migration Atlas.

* Origin is defined as the association where the player grew up and which he left following recruitment by a foreign club.

>>> Full data

>>> Video analysis of the evolution of origins in Europe’s big-5 over the past 20 years

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