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Manchester City has overtaken Manchester United as the most valuable club in the Premier League, according to a new study on football finances.
City are valued at £ 2.394 billion, up £ 385 million, while United is valued at £ 2.087 billion, a decrease of £ 376 million due to 'higher wages and profits' weaker".
The top six account for nearly three-quarters of the league's combined value.
Burnley ranks seventh and is described as "the most financially sound club in the Premier League".
Overall, the study by the University of Liverpool's Center for Sports Business Group found that the league's cumulative value was £ 14.7 billion, down 1.6%. .
Both Manchester clubs are the only two to be valued at more than £ 2 billion in the study for the 2017-18 season.
The Spurs (£ 1,837bn), Liverpool (£ 1,615bn) and Chelsea (£ 1,615bn) saw sharp increases, but Arsenal fell to £ 1,368bn in the absence of the Champions League.
The top six clubs account for 74% (£ 10.9 billion) of the total, with Burnley almost £ 1 billion behind Arsenal in sixth.
To calculate their data, the university took into account revenues, profits, non-recurring costs, average profits from player sales over a three-year period, net badets, wage control and the proportion of seats sold.
Research indicates that the city is leading because of a combination of "higher incomes and lower wages". They made a profit of 39 million pounds on the sales of the players at the beginning of the last season, "thus removing certain high incomes from the wage bill".
"The property model of Sheikh Mansour, which actually means that the club is debt free, means that there is no interest expense on the borrowings or dividends paid to them. shareholders, "adds the study.
United came third, behind Real Madrid and Barcelona, in the list of the world's richest clubs published by Deloitte in January – but that's only based on revenue.
Other findings:
- United achieved the highest turnover of the league with £ 590 million, City finishing second on £ 500 million
- The Spurs have the lowest percentage of revenue / income in the division with 39%, while that of the palace is the highest with 78%
- The failure of Leicester and Arsenal to qualify for the Champions League saw their value decline
- Gunners earn 120 million pounds profit on player sales
- Burnley is described in the study as "the most financially sound club in the Premier League"
- Huddersfield has the lowest wages at £ 63m, with United £ 296m the highest
- Chelsea leads the standings for annual player revenue per fan at £ 1,791, Huddersfield minus £ 201
- Broadcast revenues represent 88% of Bournemouth's value – the highest in the league
- Brighton saw his wages increase by 148% – the highest in the league
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