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.
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 on Friday.
"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. The value of Premier League clubs decreased by 1.6% overall to £14.7 billion, with the 'Big Six’ of United, City, Liverpool, Arsenal, Chelsea and Spurs making up £10.9 billion - 74% of the total.
Liverpool, Chelsea and Spurs show major increases, and Arsenal and Leicester show large falls due to non-participation in the Champions League.
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