Manchester City
MANCHESTER, ENGLAND - DECEMBER 01: Bernardo Silva of Manchester City celebrates after scoring his team's first goal during the Premier League match between Manchester City and AFC Bournemouth at Etihad Stadium on December 1, 2018 in Manchester, United Kingdom. (Photo by Catherine Ivill/Getty Images)

UEFA have revealed Manchester City have the most expensive squad in history while the Premier League clubs are the top earners and spenders, according to Daily Mail.

The European governing body 10th edition landscape report which looks at the financial health of clubs associated in UEFA, shows that Premier League teams have the biggest revenue and the highest wage bills.

In 2017, English top-flight clubs’ aggregate revenue came to £4.6bn, almost twice that of La Liga (£2.5bn) and the Bundesliga (£2.4bn) and way more than of Serie A (£1.9bn) and Ligue 1 (£1.4bn).

Manchester United top the list for total revenue, standing at £593million for 2017, slightly ahead of Real Madrid, though the Red Devils are projected to fall down the pecking order when the 2018 list is revealed.

There are 13 Premier League teams in the top 30 and that is due to league’s TV rights, which accounts for 54 per cent of clubs’ total revenue.

The wage bill for top-tier English teams in 2017 was £2.6bn, which is the highest in Europe, with Spain and Germany the next highest payers.

NEWPORT, WALES - FEBRUARY 16: The two teams make their way out for the start during the FA Cup Fifth Round match between Newport County AFC and Manchester City at Rodney Parade on February 16, 2019 in Newport, United Kingdom. (Photo by Harry Trump/Getty Images)

Newport County boss praises City

For Michael Flynn, Manchester City was superb tonight in the FA Cup Fifth Round, but his footballers were very good too.

Nine of the top 20 highest spenders (in terms of wage) play in the Premier League with Manchester City topping the list and Manchester United in second place.

Pep Guardiola’s side are also the most expensively assembled squad in history.

Their record buy of Riyad Mahrez from Leicester City last summer, which was priced at just over £60million, helped them go above Real Madrid, who are in second place.

Manchester United are currently third in the list and those three squads cost almost 50 percent more to assemble than Chelsea, who hold fourth place.