The Sky Bet Championship is now underway for the 2023/24 season and teams up and down the division have been delving deep into the transfer market to bolster their squads, giving them the best chance of success.
Some sides have seen more action than others but no team has failed entirely to complete a deal this summer. The transfer activity makes for a very different-looking English second tier personnel-wise and in terms of finances.
Birmingham City, with nine signings, are on the top end of business in the Championship. The fees may not be extortionate, but that doesn’t mean the new additions haven’t boosted the club’s market value. The same can be said for plenty of other teams.
With that in mind, here’s how all 24 Championship clubs rank by total squad market value. Updated with all the latest transfers, flick through the pages for a full rundown, including each team’s most valuable player.
1. 24th: Sheffield Wednesday - £6.9 million
Most valuable player: Will Vaulks – £1 million | Getty Images
2. 23rd: Plymouth Argyle - £10.4 million
Most valuable player: Kaine Kesler-Hayden (on loan from Aston Villa) – £1.3 million | Getty Images
3. 22nd: Rotherham United - £14.2 million
Most valuable player: Viktor Johansson – £2.6 million | Getty Images
4. 21st: Ipswich Town - £16.3 million
Most valuable player: Conor Chaplin – £1.7 million | Getty Images