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.
Premier League champions City are valued at £2.364 billion ($3.07 billion) in 2017/18, up £385 million, according to the study by the University of Liverpool’s Center for Sports Business, while United are valued at £2.087 billion, down £376 million.
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.
The pair are the only two Premier League clubs valued at more than £2 billion.
“Manchester City’s value increased in 2018 due to a combination of higher revenue and lower wages,” the Liverpool University report said.
“The ownership model of Sheikh Mansour which effectively means that the club is debt-free means that there are no loan interest costs and no dividends are paid to shareholders either.
“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 value of Premier League clubs decreased by 1.6 percent overall to £14.7 billion, with the ‘Big Six’ of United, City, Liverpool, Arsenal, Chelsea and Spurs making up £10.9 billion — 74 percent of the total.
The gap between the bottom club in the Big Six and the next highest valuation is now nearly £1 billion.
Liverpool, Chelsea and Spurs show major increases, and Arsenal and Leicester show large falls due to non-participation in the Champions League.
The report’s model takes into consideration revenue, profits, non-recurring costs, average profits on player sales over a three-year period, net assets, wage control and proportion of seats sold.
United came third behind Real Madrid and Barcelona in Deloitte’s list of the world’s richest clubs published in January, which ranks clubs according to how much revenue they earn.
Man City overtake Man Utd as most valuable Premier League club: report
Man City overtake Man Utd as most valuable Premier League club: report
- Manchester City have again been named as the Premier League’s most valuable club after pipping rivals Manchester United
- The Abu Dhabi owned Blues were first proclaimed to be top of the cash table two years ago
Zemmer fires 7-birdie round to lead Hilton Classic in Morocco
- 5-under round leaves Zimmer 1 shot ahead of compatriot Matteo Cristoni as Italy dominates early leaderboard
TANGIER: Italy’s Aron Zemmer produced a composed and clinical display to card a five-under-par opening round and claim the first-round lead at the Hilton Classic here on Monday.
Zemmer’s compatriot Matteo Cristoni was just one shot behind, giving the Azzurri a strong early lead at the second event of the MENA Golf Tour’s Morocco Series at Al-Houara Golf Club in Tangier.
Zemmer, who started from the 10th tee, carded seven birdies against two bogeys in strong, swirling wind that made scoring difficult throughout the field.
He birdied three consecutive holes from the third before adding another at the ninth to make the turn four-under, and despite dropping shots at 11 and 12, responded with birdies at 15 and 18 to sign for a 67.
Despite a three-putt early in his round, Zemmer was in good spirits, riding the confidence of a strong performance at last week’s Al -Houara Classic. “To make seven birdies in those conditions is very pleasing,” Zemmer said.
“I came into the week feeling confident after playing well last week, and my iron play was solid which allowed me to go at a few pins. I made a small adjustment to my putting setup which definitely helped today.”
Also starting from the 10th, Cristoni was equally impressive, making birdies at 10 and 13 before picking up further shots at the third, fourth and sixth on the front nine. A sole bogey at the seventh was the only blemish on a four-under 68.
Ireland’s Alex Maguire shares second place on four-under par after a round that featured arguably the shot of the day, an eagle at the par-five 15th alongside four birdies.
Maguire admitted he had been hard on himself after a disappointing finish at last week’s Al-Houara Classic but found inspiration on the morning of his round from a fellow Irishman, Ryder Cup star Shane Lowry.
Lowry’s widely-reported interview about throwing away a three-shot lead down the stretch at the Cognizant Classic on the PGA Tour struck a chord. “It was very, very gusty and in many ways it felt like it got harder as the round went on,” Maguire said.
“The front nine was more constant, you could read the wind and commit to a number, but on the back nine it became really unpredictable. It’s much more about feel and experience in these conditions.
“The first thing I saw this morning was Shane Lowry talking about going through something similar at a much bigger event and saying you’ve just got to keep teeing it up and not dwell on it.
“It helped me stop feeling sorry for myself and just get on with it, and I think that showed today.”
Four players share fourth place on three-under par: France’s Pierre Pineau, Scotland’s Sebastian Sandin, England’s Curtis Knipes and Pakistan’s Aadam Syed.
Pineau, who chipped in twice on what he described as two of the toughest holes on the course, credited his experience of playing in Ireland and Scotland for helping him handle the breeze.
“My driving was especially solid and I played very well tee to green,” Pineau said. “Having played so many tournaments in Ireland and Scotland, I’m used to these kinds of conditions.”
Knipes, who felt he benefited from the draw as the wind eased later in his round, was encouraged by his form heading into the second day.
“The wind was pumping and swirling at times but my game feels in a better spot than last week,” he said. “When you look at the scoring overall it’s a very good round in those conditions.”
Seven players are tied for eighth on two-under par: Toby Hunt (Wales), Haiko Dana (Spain), Alfonso Buendia (Spain), Michael Stewart (Scotland), Zubair Firdaus (Malaysia), Brody Harbinson (Australia) and Andoni Etchenique (France).
Ayoub Lguirati was the highest-placed Moroccan, the home favorite carding a level-par round to share 18th position and keeping local interest alive in the tournament.
Round two takes place on Tuesday, with the final round on Wednesday. The Hilton Classic has a prize fund of $100,000 and awards Official World Golf Ranking points.










