Premier League
TOTTENHAM BEAT MAN UTD, LIVERPOOL AS PREMIER LEAGUE’S MOST VALUABLE CLUB
According to a Daily Mail report, Tottenham have been named the most valuable football club in the Premier League, according to an in-depth university study.
Despite seemingly losing their way this season following the dizzying heights of last year’s Champions League final, Tottenham have somehow managed to blow away the likes of Manchester City and a resurgent Liverpool with their business model.
Top flight teams have been assessed from a multitude of angles and, despite Spurs being still yet to place silverware into a spacious trophy cabinet, the north London club are out-performing their UK rivals when it comes to monetary value.
In a new body of work compiled by University of Liverpool Management School football finance expert Kieran Maguire, Tottenham have been shown to have gained several yards on competitors with thanks to their highly regimented and generally low wage system, along with a ‘highly commercial’ stadium with continuous earning potential.
The new figures show the rise and falls of the top flight sides, when placed against a comparison model originally conducted in 2018.
Spurs, who now place first with an overall club value of £2.567billion, leap up from their third placed standing in 2018 – then deemed to be worth £1.837bn.
Pep Guardiola’s super rich City, who topped the 2018 table with a value of £2.364bn, drop into second after seeing a decrease in value to the figure of £2.2bn. This comes despite City’s historic quadruple win during the 2018-19 campaign.
Liverpool have risen in overall value thanks to their meteoric success and plentiful broadcast revenue, building upon their 2018 valuation of £1.356bn (which saw them placed sixth) to a total of £1.627bn in the most recent study (fourth).
Manchester United drop from being the second most valuable team in 2018 (at £1.935bn) despite registering financial growth, now at £2.080bn, to sit behind Spurs and City in third.
Maguire explains: ‘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.’
Overall, the assessment does not paint a picture of financial security for Premier League clubs, with a collective loss of £384m sustained across the 2018-19 season.
More than half of the division’s clubs (eleven) rely on broadcast income for at least 75 per cent of their revenue. Reaching the top table for promoted clubs is also no longer necessarily a path to profitability.
For example, Bournemouth’s income has increased by £126m since their League One days back in 2012-13 – but player costs have increased by £134m at the same time. Crystal Palace’s profits have also fallen every year since promotion, to reach negative £38.9m in 2018-19.
Money in football is a hot topic right now, with many teams across the country facing the real prospect of going under as the coronavirus pandemic blights the game.
Club values will take a considerable hit during this period, while there are fewer potential buyers in the market and greater uncertainty in terms of clubs’ ability to generate income.
Maguire feels football will continue to feel the fall, which will undoubtedly impact financial studies for years to come.
Smaller sides, naturally, are set to be hit hardest.
‘We have seen the share prices of clubs with shares quoted on the stock exchanges, such as Manchester United and Juventus, fall by 20-30 per cent since the start of the year,’ Maguire adds.
‘This is likely to be greater for smaller clubs who don’t have the marketing and reputational might of the well-known brands.’
Manchester United’s under-pressure coach Ruben Amorim will be given the full three years of his contract to prove himself and the club will become the most profitable in the world, co-owner Jim Ratcliffe said on Wednesday.
Amorim was Ratcliffe’s choice to replace Erik ten Hag last November but the Portuguese coach has struggled to turn around the club’s flagging fortunes, winning only 10 of his 34 Premier League matches in charge.
United endured their worst top-flight finish last season since they were relegated in 1973–74, coming 15th, and they missed out on Europe after being beaten by Tottenham Hotspur in the Europa League final.
But Ratcliffe has issued his strongest statement of support for Amorim yet, comparing the situation to when Alex Ferguson struggled in the early years of his reign before becoming the greatest manager in the club’s history.
“I remember the clamouring for Alex Ferguson to be fired in his first two years,” Ratcliffe, who owns 30% of the club and controls the football side of the business, told The Times’ podcast The Business. “You look at (Mikel) Arteta at Arsenal. He had a miserable time for the first couple of years.
“We’re results-driven at the end of the day, but we have to be patient and we have to see through the results. I think there’s lots of good things at Manchester United. We have to be patient and we have a long-term plan. It isn’t a light switch.
“Ruben needs to demonstrate that he’s a great coach over three years.”
‘WE’VE MADE ERRORS’
While the American Glazer family retain majority control of the 20-time champions of England, Ratcliffe rejected suggestions they could instruct him to sack Amorim.
“It absolutely wouldn’t happen because it’s just a good working relationship. They come to the board meetings. We sit down and we talk about things,” Ratcliffe said.
“We’ve made errors. There’s absolutely no question that we’ve made errors as we’ve gone along and we’ve talked about it. But no one’s perfect.”
Asked to confirm whether Amorim would see out his contract, Ratcliffe said: “Yes. That’s where I would be. Three years, because football’s not overnight.”
Despite United’s stock falling on the pitch, off it they recently posted record revenues of 666.5 million pounds ($892.1 million) in the year to June 2025, albeit with a 33 million pounds loss.
Amorim’s squad was boosted by more than 200 million pounds worth of new signings in the summer.
“The better your squad, the better your football should be. So a lot of what we have done in the first year is spend an awful lot of time putting the club on a sustainable, healthy footing,” Ratcliffe, who completed his acquisition of a minority stake in the club in 2024, said.
“If you look at our results for last year we have the highest revenues ever. Profitability, the second highest. We’re not seeing all the benefits of the restructuring that we’ve done in this set of results, and we were not in the Champions League.
“Those numbers will get better. Manchester United will become the most profitable football club in the world, in my view, and from that will stem, I hope, a long-term, sustainable, high-level of football.”
Ratcliffe also said he wants to revive the club’s Academy that once churned out the likes of multiple title winners David Beckham, Ryan Giggs, Paul Scholes and Gary Neville.
“The academy has really slipped at Manchester United,” Ratcliffe said. “You don’t solve the academy problem overnight. It takes time. We just recruited a new academy director.”
-Reuters
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Manchester United cruised to a rare comfortable home Premier League victory as goals from Mason Mount and Benjamin Sesko secured a 2-0 win over Sunderland on Saturday.
With the pressure growing on manager Ruben Amorim after a disappointing start to the season, Mount calmed the nerves around the ground with a fine early finish to break the deadlock.
United continued to dominate, with a spectacular save from Sunderland goalkeeper Robin Roefs preventing Bruno Fernandes from adding a sumptuous second before Sesko netted his first Old Trafford goal after 31 minutes.
Sunderland were awarded a penalty late in the first half, a decision that was overturned following a VAR intervention, but they never really threatened after the break as United eased to a third home league victory of the season.
The result put United in provisional eighth place with 10 points from seven games, two places below Sunderland on 11.
Wins, especially comfortable ones, have been in short supply for Portuguese Amorim since he took charge in November.
United supporters have slowly started to turn on the new manager as a result, with nothing short of victory over promoted Sunderland, despite the visitors’ impressive start to the season, enough to appease the disgruntled masses.
Mount’s superb control and finish was just what the beleaguered boss needed. The fine strike was the earliest United have scored in the Premier League since Marcus Rashford’s goal at Ipswich Town in Amorim’s first game in charge.
It was only a matter of time until the hosts scored again, such was their dominance. From a long throw, Sesko was alert to the flick-on before steering home his second in as many games.
United thought they had shot themselves in the foot as Sesko was penalised for a high boot in his own penalty area, only for VAR to deem it not to be a foul.
The hosts took their foot off the gas in the second half, but still should have added to their tally, with veteran Brazilian Casemiro blazing their best chance over the bar.
Sunderland did manufacture a late gilt-edged chance but Senne Lammens, making his debut in the United goal, stood tall to block, completing an assured performance from the keeper and his new teammates.
-Reuters
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Premier League champions Liverpool dropped points for the first time this season when they lost 2-1 at Crystal Palace in the eighth minute of added time as Manchester United and Chelsea suffered 3-1 defeats on Saturday.
United slumped at Brentford and 10-man Chelsea were beaten at home by Brighton & Hove Albion, who scored twice in stoppage time.
Manchester City thrashed Burnley 5-1 thanks to two own goals and a late brace from Erling Haaland while Leeds United were held to a 2-2 draw after Bournemouth equalised in added time through 19-year-old Eli Junior Kroupi.
There was also a late twist at Tottenham Hotspur when Joao Palhinha struck an equaliser in the fourth minute of stoppage time to salvage a 1-1 draw at home to bottom club Wolverhampton Wanderers.
LIVERPOOL SUFFER FIRST LOSS
Liverpool were on the back foot early on when Palace took the lead in the ninth minute through a set-piece when the ball fell to Ismaila Sarr who smashed it home.
Liverpool would have conceded more if not for goalkeeper Alisson while Jean-Philippe Mateta nearly made it 2-0 when he hit the post.
Although Liverpool equalised through Federico Chiesa in the 87th minute, fellow substitute Eddie Nketiah provided late drama when he scored the winner in the 97th minute, with Selhurst Park celebrating the goal twice after VAR confirmed he was not offside.
“The boys are in really good form and think we can win every game and today we showed that,” Nketiah told the BBC.
Palace ended the day in second place, three points behind leaders Liverpool although Arsenal can go second if they beat Newcastle United on Sunday.
OWN GOALS, HAALAND GIVE MAN CITY WIN
Burnley’s Maxime Esteve became only the sixth player to score two own goals in a Premier League game as City climbed up to fourth.
Esteve scored the first when he tried to deny Phil Foden but Jaidon Anthony made it 1-1 with a shot that deflected off Ruben Dias.
Matheus Nunes restored City’s lead with a close-range effort before Esteve’s second own goal came when he looked to stop Oscar Bobb from finding the net.
Haaland struck twice in the dying minutes to hand Burnley their biggest loss of the season.
MANCHESTER UNITED LOSE AT BRENTFORD
Bryan Mbeumo received a warm welcome from the Brentford fans as he returned to his former club for the first time since his move to Manchester United but the reception paled in comparison to the roars when the home side went 2-0 up inside 20 minutes.
Igor Thiago capitalised on United’s high line for the opener when Jordan Henderson sent him through on goal in the eighth minute, before the Brazilian forward grabbed his second when United keeper Altay Bayindir spilled a save right into his path.
United pulled one back when Benjamin Sesko scored his first goal for the club but Bruno Fernandes had a penalty saved by Caoimhin Kelleher before Mathias Jensen put the game out of reach in added time with a rocket from outside the box.
“We didn’t control the game, we played the game of Brentford. We were really confused (on) second balls, first balls, set pieces,” United manager Ruben Amorim said.
“The crucial moments, they were against us. Tough to lose again.”
CHELSEA SEE RED AGAIN
Chelsea had a player sent off for a second time in as many league games when Trevoh Chalobah saw red for denying Brighton a goal-scoring opportunity at Stamford Bridge.
Enzo Fernandez had given Chelsea a 1-0 lead with a close-range header but Chalobah’s red card in the 53rd minute reduced the home side to 10 men and Brighton made it count when Danny Welbeck opened his account for the season with the equaliser.
Brighton capitalised again in the 92nd minute when Maxim De Cuyper powered home a header and the visitors sealed all three points when Welbeck scored in the 10th minute of added time.
Bournemouth took the lead at Leeds when Antoine Semenyo scored from a free kick but the home side made it 2-1 when Joe Rodon and Sean Longstaff netted either side of halftime.
With Leeds close to taking three points, Kroupi volleyed home from inside the box in the 93rd minute to lift Bournemouth into a group of three clubs on 11 points.
Sunderland moved to 11 points and fourth place by beating Nottingham Forest 1-0 at the City Ground to leave Forest’s new manager Ange Postecoglou winless after five games in charge.
Omar Alderete’s first-half goal was the difference between the two sides with Sunderland mounting a staunch rearguard action as Forest laid siege to their goal.
Wolves were seconds away from earning their first win of the season after losing their opening five games in their worst ever start to a league campaign.
They led through Santiago Bueno’s scrappy goal early in the second half but Palhinha guided in a superb finish to send Tottenham to third place on goal difference.
-Reuters
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