Although I didn't say that they were, only that it wasn't dishonest to say that they were, I still believe they are approximately 25% weaker. In your analysis, you comparing apples and oranges. The nominal value of a squad isn't equivalent to squad quality as the equivalency between both metrics is relative.
1. You can buy a player for a lot of money and he can be a flop, so new squad members values aren't necessarily reflective of quality.
2. Star players have hyper inflated values because more teams want them, thereby inflating the value of the player. This is a premium paid for the very best, even if the very best is only marginally better.
3. Player value is, in part, based on quality and potential/years. Antoine Griezman (130 million) isn't almost three times better than Luis Suarez (50 million). Rather, Griezman is worth more in part because he is 28 and Suarez is 32. Therefore, the value of a player in a give season is very different from the actual value of the player overall.
4. You only have 11 players on the field, which wouldn't account for the depth of Barcelona's team because some very expensive players aren't playing.
5. If one assumed equivalencies between squad quality and value, then (A) you would be saying that Getafe is much weaker than Barcelona since the squad worth 151,20 million euros, yet Getafe finished 5th of the 2018-19 series and (B) you would have expected Madrid to win with a squad value of 1.19 billion euros, yet they finished 3 with 7pts ahead of Valencia, which has a squad value of less than half a million.
6. Lower quality teams are more likely to use youngsters who have quality but aren't correctly valued and older players who are at the end of their careers and therefore have relatively low values.
7. Newly promoted squads tend to have lower valuations because the players aren't necessarily well know, which naturally affects their value.
My conclusion, which is merely an opinion, is based on football results and the differences you can see in clashes against truly weaker sides (i.e. in the first rounds of the Cup). A more apt comparison would be team races. Teams that are in the same division/semi-finals don't usually have times that are 25% more than the winner.


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