LONDON: Manchester City have overtaken Manchester United as the Premier League’s most valuable club, with higher wages and lower profits hurting the Old Trafford powerhouse, according to a football finance survey published Friday.
The report said United still had the highest revenue of any club in the Premier League but increased costs meant they relinquished top spot in the valuation table.“Manchester City’s value increased in 2018 due to a combination of higher revenue and lower wages,” the Liverpool University report said. “Critics of Manchester City will 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 and therefore a prospective owner might not be willing to pay this value.”
The gap between the bottom club in the Big Six and the next highest valuation is now nearly £1 billion.