Euro 2016 is just around the corner and attention has quickly turned to the teams that are likely to be there at the business end of the tournament.
Germany, Spain and hosts France are all expected to go far in the 24-team contest but none of them can claim to have the most valuable squad.
That is despite the fact that Germany are world champions and boast world-class names like Mesut Ozil, Manuel Neuer and Thomas Muller while Spain are the double reigning champions of the competition. Meanwhile, France have some of Europe's top young players like Antoine Griezmann and Paul Pogba.
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According to the CIES Football Observatory, who run complex algorithms to calculate the true market value of football players, the most expensive 23-man pool at the competition is, in fact, England.
That's right, the formidable underachievers, who also have the youngest squad on average, are worth an incredible €751.6million. That is well ahead of second-placed France, who have a total squad value of €696.9m.
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England's most marketable player in the squad is apparently Tottenham's Harry Kane, who was recently valued at €112.5m by the same organisation. France's most expensive player is the aforementioned Griezmann, who would cost an estimated €120.2m to sign from Atletico Madrid.
Take a look at the full list below:
France also have another €100m+ player in the form of Manchester United forward Anthony Martial (€111.8m) but it seems the financial might of the Premier League has boosted the England squad to the top of the pile through strength in depth.
For example, Eric Dier is valued at €48.2m by the Football Observatory but no club outside of the Premier League would ever dream of paying that kind of money for the 22-year-old. The homegrown rules in England's elite division mean the players are worth much more than they would be if they were foreign.
England legend Geoff Hurst recently suggested that this current England squad is the most exciting team since 1966, who famously went on to win the country's one World Cup.
Hurst said: "It's the most exciting squad since '66 - people like Dele Alli have come in and been very refreshing."
Those comments have since received criticism from fans wary of putting too much pressure on a young squad. Lest we forget, many members of this team were present when they finished bottom of their group with one point at the World Cup two years ago.
With an easier group, England are expected to progress much further than that, but the prospect of making it to the first European Championship final is certainly one few have predicted.