Chelsea's squad is the most expensive in the world but they have won nothing

 Chelsea’s astonishing spending over the last two years makes them by far the most expensive football team in the world.

Since Todd Boehly took over ownership of the Blues from Roman Abramovich in 2022, he has spent more than £1billion on their squad.

The lucrative splashing of cash has not materialised into on-pitch success as Chelsea finished 12th in the Premier League in their first campaign under American ownership - and sixth last season.

But one table they are topping is that of the most expensively assembled squad in the world when it comes to cumulative transfer fees.

According to the CIES Football Observatory, Chelsea are the only squad that has been put together for more than £1bn.

Their players are understood to have cost £1.06bn, a long way clear of second-place Manchester United on £874million.

They are joined by three more Premier League clubs in the top five, with English football dominating the top of the list.

Manchester City (£856m), Arsenal (£672m) and Tottenham (£663m) sit ahead of the first non-English club, Paris Saint-Germain (£650m).

Liverpool sit seventh (£619m), with European champions Real Madrid down in eighth on £606m - little more than half the expenditure of Chelsea.

That is despite Los Blancos possessing superstars such as Kylian Mbappe, Jude Bellingham and Vinicius Junior.

Propping up the top 10 are Newcastle and Juventus, with Harry Kane's Bayern Munich sitting only 11th.

Other English sides high on the list include Aston Villa [14th], Brighton [16th], Wolves [17th], West Ham [18th] and Nottingham Forest [20th].

And several Championship clubs are in the top 100 - Leeds [46th], Burnley [54th], Sheffield United [86th] and Middlesbrough [100th] - who prop up the list with a squad that cost £54m.