The 516th CIES Football Observatory Weekly Post highlights the clubs whose estimated transfer value of players owned has changed the most, positively or negatively, over the past year. We present both the change in absolute terms (‘gross’ evolution) and the change considering the financial balance of transfer operations (with sell-ons, not including add-ons) completed during the last two transfer windows (‘net’ evolution).
In terms of net evolution, Chelsea tops the list (+€364 million) with player valuations up €372m and a balanced net spending for the last two transfer windows: -€8m. The reigning world champions are ahead of the European ones, Paris St-Germain (+€303 million). German side Eintracht Francfort (+€294m) rounds up the podium. Manchester United (-€377 million) and Manchester City (-€315m) are at the opposite end of the table.
The Post also presents the estimated transfer value of all players owned by clubs (not including any sell-on related sums). In this case, the top three are Chelsea (€1.81 billion spread across 50 players), Real Madrid (€1.68 billion, 32 players) and Manchester City (€1.47 billion,46 players). Five other clubs have a total estimated value in excess of one billion: Arsenal, Paris St-Germain, Liverpool, Barcelona and Tottenham.
>>> Top valued players per club in this tool
>>> More information on the CIES Football Observatory's statistical model for estimating transfer values in this scientific article
Player asset evolution (€ million)
Between 01/10/2024 and 08/10/2025