Manchester City beats Man United as most valuable Premier League club

Manchester City beats Man United as most valuable Premier League club

- Manchester City overtakes Manchester United as the most priced Premier League club

- City rise in asset were due to recent success while United dropped because higher wages

- Tottenham, Liverpool, Chelsea, Arsenal and Burnley complete the top seven teams

Manchester City have overtaken their city rivals Man United as the most valuable Premier League club, according to reports.

A new football study revealed that City are valued at £2.364bn, moved up with £385m, while the Red Devils who are valued at £2.087bn, dropped £376m, which blamed on "higher wages and lower profit".

The top six team in the Premier League account for almost three-quarters of the combined league value.

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Burnley are seventh and described as the "most sensibly run club in the Premier League financially".

The study by the University of Liverpool's Centre for Sports Business Group, found the cumulative value of the league's clubs is £14.7bn, a 1.6% drop.

The two Manchester sides are the only two Premier League teams valued at more than £2bn in the study for the 2017-18 season.

Tottenham are valued at £1.837bn, Liverpool £1.615bn and Chelsea go for £1.615bn - have seen big rises but Arsenal dropped to £1.368bn owing to their absence in Champions League football for two seasons.

The top six clubs make up 74% (£10.9bn) of the overall total with Burnley almost £1bn behind Arsenal in sixth.

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The university took into account revenue, profits, non-recurring costs, average profits on player sales over a three-year period, net assets, wage control and proportion of seats sold - in cumulating their data.

The research discovered that City are top due to a combination of "higher revenue and lower wages".

They made £39m in profit from player sales at the beginning of last season, "removing some high earners from the wage bill".

"The ownership model of Sheikh Mansour, which effectively means that the club is debt free, means that there are no loan interest costs and no dividends are paid to shareholders either," the study added.

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Meanwhile, Legit.ng had earlier reported that Liverpool are in negotiations to seal a record kit deal which set to be higher than Manchester United's £75million-a-year agreement with adidias.

The Reds current kit deal with New Balance ends during the end 2019-20 season and it is understood that talks to extend the current deal under improved terms have already got under way.

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