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
Like Leicester and Bodø/Glimt, Swiss soccer club Thun set to be historic league champion
- Thun have never won the top-tier league in the club’s 128-year history yet this season has turned the standings into a procession
- Thun are the latest unheralded European club taking inspiration from Leicester
GENEVA: Like Leicester’s Premier League title in 2016 and Bodø/Glimt’s stunning rise in Norway since 2020, Swiss soccer looks set to get its own surprise champion.
Thun have never won the top-tier league in the club’s 128-year history yet this season has turned the standings into a procession — even as a newly promoted club.
A 2-2 draw with second-place St. Gallen late Thursday stopped Thun’s run of 10 straight wins yet coach Mauro Lustrinelli’s team are 14 points clear with 10 rounds left.
“We are also a young team in the sense that the team are experiencing their first Super League,” Lustrinelli told Swiss public broadcaster SRF after his players conceded a stoppage-time goal to drop points for the first time since December.
Thun head Sunday to local rival Young Boys, a 17-time title winner and Champions League regular in recent years, as the current best team in Switzerland.
Following Leicester’s lead
Thun are the latest unheralded European club taking inspiration from Leicester.
Last year, Union Saint-Gilloise won their first Belgian title for 90 years and tiny Mjällby were champion of Sweden for the first time in their 86-year history.
Title races across Europe see Hearts on course for a first Scottish title in 66 years and Paris Saint-Germain being chased by Lens which won their only French title 28 years ago.
The most common link is clubs in provincial towns and cities run on low budgets with a collective team-first ethic.
“You really feel that it’s like a family,” Lustrinelli said last year when extending his contract at the club where he was once a star striker and has coached for four seasons.
Thun’s key players
It took Thun five years to get out of the second division after being relegated in 2020. That period included severe financial issues and being part of a multi-club ownership group backed by American and Chinese investors.
Thun are independent and locally owned again, and built a plan with Lustrinelli for a team playing the direct, pressing style he wants with two central strikers.
Top scorer this season is 12-goal Elmin Rastoder, a Swiss-born North Macedonia international who could feature in the World Cup playoffs against Denmark later this month.
Rastoder’s strike partner Thursday was Brighton Labeau, once a teammate of Kylian Mbappé, who is three years younger, when they were both in the Monaco academy.
Thun’s star prospect is Ethan Meichtry, a Switzerland under-21 midfielder who could yet make the World Cup squad.
Champions League debut
Thun were one of the smallest clubs to play in the Champions League after Lustrinelli’s 20-goal season lifted the team to Swiss league runner-up in 2005.
Thun advanced through two qualifying rounds to reach the elite stage, finishing third in a group behind Arsenal and Ajax.
Back then, Thun played European games at Young Boys’ stadium in Bern because their old home was below UEFA standard.
If Thun enter the Champions League in the second qualifying round in July, home games should be at their 10,000-seat Stockhorn Arena — with artificial turf, just like at Bodø/Glimt inside the Arctic Circle in Norway.
The Swiss champion must win through three qualifying rounds to reach the 36-team league phase.
Home of Swiss soccer
Thun will soon be the home of Switzerland’s soccer federation.
The Swiss Football Home project was approved last August and will include a new headquarters for the federation plus training fields for national teams. Next door will likely be the next Swiss champion.
“The road is still long,” Lustrinelli said of the 10-game run-in, “and we want everyone who will help us get those 30 points.”









