Tottenham Hotspur have been named the most valuable premier league side ahead of other big clubs like Manchester United, Liverpool, Manchester City and Chelsea.
The declaration comes after an in-depth study by the University of Liverpool Management School. The London side beat their bigger rivals to the gong due to their business model and low salary payments compared to the likes of United, City and Liverpool. They have been named the most valuable football team in England due to their monetary value.
According to University of Liverpool Management School football finance expert Kieran Maguire, Tottenham now have an overall club value of £2.6bn due to their highly regimented and generally low wage system, along with a highly commercial stadium with continuous earning potential.
Pep Guardiola's side, Manchester City, come second after seeing a decrease in value from £2.4bn in 2018 to the figure of £2.2bn while Manchester United previously second, have now dropped to the third position with a value of £2.1billion.
Finance expert, Kieran Maguire, explains about Tottenham remarkable success:
"Spurs are top of the valuation table because in 2018-19 they delivered a Champions League final and a top four Premier League finish on a wage budget that was £100-150m lower than the rest of the "Big Six".
'As such they made more profits, and this was reflected in the final valuation number.
'These factors led to a 21 per cent increase in income, to £461m for Spurs in 2018-19, against an unbelievably light 39 per cent player wage cost – the lowest ratio in the Premier League.
'By comparison, top four rivals Leicester City see 84 per cent of their income eaten up by player wages. Tottenham also only spent a net £22m on players – only Watford spent less (£21m) – where Chelsea spent net £290m, Liverpool £223m, Man Utd £135m and Man City £87m."