A new report from the CIES Football Observatory has revealed that Manchester United have the highest net spend of any club in the world over the past 10 years, despite limited success on the pitch.

The analysis shows that United have a staggering net spend of £1.08 billion (€1.3 billion) since 2015, more than any other club.

This includes major signings like Harry Maguire (£80m), Casemiro (£60m), Mason Mount (£55m), Antony (£86m) and Rasmus Hojlund (£72m).

In contrast, United have only won five major trophies in that period – two FA Cups, two Carabao Cups and a Europa League.

The club’s lack of consistency has led to the recent dismissal of manager Erik ten Hag after just two and a half years, despite being backed with over £600m in new players.

Chelsea rank second with a net spend of £1.07 billion (€1.2 billion), followed by Paris Saint-Germain (£825m), Arsenal (£661m) and Tottenham (£591m) to round out the top five.

Reigning Premier League champions Manchester City are sixth on the list with a net spend of £585 million, while Liverpool are much further down in 17th place with £304 million.

The report highlights the immense financial power of the Premier League, with English clubs accounting for a combined net spend of £19.18 billion over the past decade – more than double the next highest, Italy’s Serie A at £9.03 billion.

With new ownership at Manchester United, the club will be hoping to find a more considered approach in the transfer market to deliver sustained success on the pitch.