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Ranking Premier League teams based on wages per point earned

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With the 2023-24 Premier League season done and dusted, it’s time to look at the teams which got the most out of every single pound that they spent paying their players. The players are paid to win and we determined the teams that spent the most and least money per point earned in the 2023-24 Premier League.

Manchester United - A lesson in what not to do

The Red Devils had a very disappointing campaign, finishing eighth and missing out on European football altogether. As per our research, Erik ten Hag’s men also spent the most per point earned.

Manchester United’s wage bill for the 2023-24 season was approximately £180 million. They posted 60 points which amounted to approximately £3 million spent per point, and not even Europe to show for it.

Chelsea with their big transfer spending an large squad size, were the second least economical, spending approximately £2.4 million per point.

Champions Man City spent £2.1 million per point (third-most) and Arsenal ended up spending £1.9 million (fifth-most). Nottingham Forest are surprisingly the club with the fourth-highest money spend per point earned.

The other end of the spectrum

Wolves to their credit, have the lowest money spent per point earned. Despite a managerial crisis to start off the season, the Molineux based outfit rallied around Gary O’Neill who led them to a 14th place finish. Luton, who are second most economical in this metric, unfortunately ended up getting relegated.

Another creditable achievement in this metric is the work Andoni Iraola did with Bournemouth, leading them to a 12th-place finish.

Some of the middling clubs in this metric happen to be Aston Villa who ended up qualifying for the Champions League for the first time since 1983, having finished fourth. Closely following them are Liverpool and Spurs.

Methodology

We got the estimated yearly wage bills of all Premier League sides for the 2023-24 season from capology.com. We then divided that number by the amount of points scored to find the money spent per point earned.

Using that figure we generated a table, sorted by the most economical to the least economical clubs.

All figures are in GBP (£).

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