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€207m biggest downgrade
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The Champions League final brought down the curtain on the 2025/26 season for clubs across all the major European leagues with attention turning to the World Cup. Supporters from all 48 nations have descended on the United States, Canada and Mexico for a true festival of football. After the World Cup final on July 19th, international football will diminish in importance and the focus will revert to clubs ahead of the 2026/27 campaign.
Last season, PSG regained their Champions League crown after defeating Arsenal on penalties but Mikel Arteta’s men still enjoyed a successful season by winning the Premier League. Barcelona won LaLiga, Inter Milan regained dominance in Italy and Bayern Munich were champions in Germany, once again. After all the top five leagues finished, Transfermarkt released their final market value updates of the season and we can now calculate which squads dropped the most in valuation across the campaign.
Which clubs lost the most market value across the 2025/26 season?
We’ve analysed the data from July 2025 to July 2026 across all the top five leagues and Chelsea’s squad lost more market value than any club. After winning the Club World Cup, the Blues’ squad value stood at €1.32 billion but it dropped by €207m across the season to its current valuation of €1.11b. Chelsea endured a dismal season, missing out on European qualification and Cole Palmer’s valuation dropped by €30m. As the graphic below illustrates, Real Madrid rank second after their overall squad value dropped by €154m.
Madrid started the campaign possessing the most valuable squad in the world, but they now rank fourth - Jude Bellingham and Rodrygo’s valuations dropped significantly. Tottenham Hotspur and Liverpool both feature in the top five alongside Athletic Club. Interestingly, no Ligue 1 or Bundesliga clubs feature in the top 10 list.
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