Transfers: Manchester United with the most negative balance (- €1,396bn) since 2014 (CIES)

Manchester United FC (Premier League) is the club with the most negative net financial balance (purchases-sales) since 2014, with a cumulative result of - €1.396bn, according to the CIES Football Observatory in its "Weekly Post"  published on 05/09/2023.

Since 2014, the English club has generated €563m in revenue from players transfers, but has spent €1.959bn on acquiring players. Manchester United are ahead of Chelsea FC (Premier League, - €1.033bn) and Paris Saint-Germain (Ligue 1 Uber Eats, - €1.010bn).

13 of the 20 clubs with the most negative balance are from the Premier League, the biggest spending league on the transfer market. Saudi Arabia's Al Hilal SFC (in 13^rd place) is the only club  in the list that is not part of the European Top 5. The Top 20 includes:
• 13 Premier League clubs;
• 2 Serie A TIM clubs (AC Milan, 9^th, and Juventus FC, 14^th);
• 2 LaLiga EA Sports clubs (FC Barcelona, 7^th, Real Madrid CF, 19^th);
• 1 Ligue 1 Uber Eats club;
• 1 Bundesliga club (FC Bayern Munich, 18^th);
• 1 Roshn Saudi League club.

Over the same period, SL Benfica (Liga Portugal Betclic) is…