City soar further above United
Manchester City have become the most valuable Premier League club, climbing above Manchester United and surpassing the RM10 billion mark.
According to a study done by researchers from the University of Liverpool, the “Big Six”; Manchester City, Manchester United, Liverpool, Arsenal, Chelsea and Tottenham, dominated at the top with a cumulative value of RM58.9 billion and make up 74 per cent of the total value in the league.
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.”
City’s spike in value from 2017 to 2018 has been attributed to higher revenue and lower wages while United’s drop from the top spot is said to be caused by increased costs.