Now £2bn City over­take United in value as well

Daily Mail - - Europa League - By LAURA LAM­BERT

MANCH­ESTER CITY have be­come the most valu­able Premier League club, climb­ing above Manch­ester United and break­ing the £2bil­lion bar­rier, ac­cord­ing to aca­demics. A study found that the League over­all dropped in value by 1.6 per cent to £14.7bn, but is still dom­i­nated by the big-six clubs who have a cu­mu­la­tive value of £10.9bn. Manch­ester City, Manch­ester United, Liver­pool, Arse­nal, Chelsea and Tot­ten­ham make up 74 per cent of the to­tal value — up from 67 per cent last year. And the dis­par­ity be­tween those clubs and the rest is high­lighted by the fact that there is al­most £1bn sep­a­rat­ing Arse­nal, sixth last sea­son, from Burn­ley, who came sev­enth. Manch­ester City’s £350,000 spike in value from 2017 to 2018 has been at­trib­uted to higher rev­enue and lower wages by Uni­ver­sity of Liver­pool re­searchers, who have pub­lished their lat­est Premier League Val­u­a­tions study. Kieran Maguire, prin­ci­pal re­searcher and author of Price of Foot­ball, said: ‘Crit­ics of Manch­ester City point out that it is part of a multi-club own­er­ship model and that there are com­mer­cial deals with re­lated par­ties which might not ap­ply should the club be sold. A prospec­tive owner might not be will­ing to pay this value.’ United re­lin­quished top spot due to in­creased costs. Wages rose by 13 per cent.

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