Manchester City are now the most valuable Premier League club after overtaking Manchester United, according to a new study.
Research undertaken by the University of Liverpool's Centre for Sports Business Group (h/t BBC Sport) has led to a valuation of City at £2.364 billion, while United's is calculated to be £2.087 billion.
An increase in City's value by £385 million and decrease in United's by £376 million is the reason for the turnaround, with the Red Devils' decline blamed on "higher wages and lower profit."
Tottenham are the third most valuable at £1.