Man City have been named the most valuable club in the Premier League at £2.3 billion, according to a study by the University of Liverpool’s Centre for Sports Business.
Manchester United broke the £2 billion mark, but are worth £275m less than City, despite bringing in £90m more in revenue for the 17/18 season.
Tottenham, who recently opened their new stadium, came in third place after additional revenue from playing at Wembley and a well-organised wage structure and no money spent on transfers in the 2018 summer window.
City, United, Arsenal, Chelsea, Tottenham and Liverpool all broke the £1 billion valuation mark.
The University of Liverpool elected to use the Markham Multivariate Model developed by Dr. Tom Markham, senior executive for Sports Interactive, creators of video game Football Manager.
The model utilised revenue, profits, non-recurring costs, player sales, wages and attendance figures to generate the rankings.