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In the 2023/24 EFL League Two season, Sutton United had the lowest displayed total squad market value at €3.38 million, while Wrexham AFC had the highest at €8.70 million. The figures rank the estimated market values of each club’s players—not the financial value of the clubs as businesses.
2023/24 League Two squads ranked from lowest to highest value
Transfermarkt’s season table lists 24 clubs and an aggregate displayed squad market value of €135.70 million. The table below reverses its highest-to-lowest order. Values are in euros and rounded as displayed; Newport County and Barrow AFC are tied at €4.28 million, with their order following the source table. The table does not establish a precise date for the valuation snapshot.
| Rank | Club | Displayed total squad market value |
|---|---|---|
| 1 | Sutton United | €3.38m |
| 2 | Newport County | €4.28m |
| 3 | Barrow AFC | €4.28m |
| 4 | Tranmere Rovers | €4.33m |
| 5 | Harrogate Town | €4.45m |
| 6 | Grimsby Town | €4.65m |
| 7 | Walsall FC | €4.78m |
| 8 | Crawley Town | €4.80m |
| 9 | Accrington Stanley | €4.88m |
| 10 | Salford City | €4.93m |
| 11 | Morecambe FC | €5.15m |
| 12 | Mansfield Town | €5.20m |
| 13 | Doncaster Rovers | €5.35m |
| 14 | Notts County | €5.40m |
| 15 | Gillingham FC | €5.58m |
| 16 | Bradford City | €5.60m |
| 17 | Swindon Town | €6.00m |
| 18 | AFC Wimbledon | €6.50m |
| 19 | Crewe Alexandra | €6.88m |
| 20 | Forest Green Rovers | €7.25m |
| 21 | Colchester United | €7.35m |
| 22 | Stockport County | €7.90m |
| 23 | Milton Keynes Dons | €8.13m |
| 24 | Wrexham AFC | €8.70m |
Source: Transfermarkt’s 2023/24 League Two season table, accessed in 2026. The table reports squad size and average player market value as well as total squad value.
What “financial value” means in this ranking
Here, “value” means the displayed total market value of a club’s squad, as reported by Transfermarkt. It is not an estimate of a club’s enterprise value, audited net worth, revenue, or balance-sheet value. These figures should therefore be read as a comparison of squads, not a ranking of which clubs were financially strongest or worth the most as businesses.
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The source gives the season-level values but does not establish the exact date on which the historical estimates were set. Nor does the ranking explain why one club’s squad received a particular estimate. Treat the amounts as publisher figures rather than independently established financial valuations.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to read the ranking alongside the season results
The 2023/24 League Two season ran from 5 August 2023 to 27 April 2024, with 24 clubs competing. Stockport County won the league; Stockport County, Wrexham, Mansfield Town, and Crawley Town were promoted. Sutton United and Forest Green Rovers were relegated. Those outcomes are separate from squad market value: league position or promotion does not measure a club’s squad value or business finances.
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