Europe’s elite: The cost of Ajax’s squad compared to Madrid, Juventus, PSG

The Dutch side eliminated two continental giants en route to the Champions League semis, but how does their squad value compare to Europe's big guns?   Ajax this week will take on Tottenham Hotspur in their first Champions League semi-final for 22 years, with a place in their first final since 1996 a real possibility.

There are endless stats that emphasise how great an achievement it is for the Dutch side, who haven't reached the knockout rounds of the competition since 2005-06, but few stress the point stronger than the cost of Erik ten Hag's squad.

Using initial transfer fees only, Goal have calculated the total cost of Ajax’s 25-man Champions League squad before doing the same for the other biggest sides in this season’s competition, including the likes of Real Madrid, Juventus and Manchester United.

PSG | €718m

With PSG possessing the two most expensive footballers of all time, it's no shock to see them at the top of this list.

Below Neymar (€222 million) and Kylian Mbappe (€145m), the likes of Edinson Cavani (€64m), Thiago Silva (€42m) and Leandro Paredes (€40m) help this 25-man squad rack up an incredible initial cost of €718m (£621m/$805m).

Manchester City | €682m

Manchester City's consistency in spending sees them come second in this list, with 12 of their 25-man squad commanding fees of €35 million or more.

Manchester United | €661m

Manchester United's comeback against PSG sparked the potential of a story for the football romantics

Liverpool | €594m

After Loris Karius' error-plagued performance in last season's Champions League final, it was no surprise that Liverpool splashed out €75 million on goalkeeper Alisson in the summer.

Barcelona | €573m

Despite rivals Real Madrid having a bigger reputation for spending, Barcelonabeat them on this list with their squad value of €573 million (£497m/$645m).

Real Madrid | €475m

Real Madrid's incredible spending under Florentino Perez has not only earned them five Champions League titles during his time as president

Juventus | €424m

Despite the €100 million addition of Cristiano Ronaldo in the summer, Juventus rank well below most of Europe's elite for spending, with their current squad amassing a total of just €424m (£367m/$476m).

Bayern Munich | €354m

Bayern Munich's ability to do shrewd business sees them sit very low down this list, with a total squad cost of just €354 million (£306m/$397m). Star man Robert Lewandowski arrived at the club for free

Tottenham Hotspur | €313m

After Tottenham made history by becoming the first Premier League club not to make a single signing in back-to-back transfer windows, their lowly place on this list, and the difference in their spending compared to Ajax, is no shock.

Ajax | €95m

It's absolutely no surprise to see Ajax at the very bottom of this list - but the margin by which they are may come as a shock.

The Dutch side's Champions League squad cost them just €95 million (£82m/$107m), with many of their key players costing little to nothing - or, in many cases, nothing at all.

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