How can City be top when they don't even own their ground?Premier League club valuations 2017-18 (£m)
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To calculate their data, the university took into account revenue, profits, non-recurring costs, average profits on player sales over a three-year period, net assets, wage control and proportion of seats sold.
The research says City are top due to a combination of "higher revenue and lower wages". They made £39m in profit from player sales at the beginning of last season, "removing some high earners from the wage bill".
"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 study added.
Other findings:
- United had the highest revenue in the league at £590m, with City second on £500m
- Spurs have the lowest wage/revenue percentage in the division at 39%, while Palace's is the highest at 78%
- Leicester and Arsenal's failure to qualify for the Champions League again saw their value fall
- The Gunners made £120m profit on player sales (
when did this happen?!)
- Burnley are described in the study as the "most sensibly run club in the Premier League financially"
- Huddersfield have the lowest wages at £63m, with United's £296m the highest
- Chelsea top the table for annual matchday income per fan at £1,791, with Huddersfield making the least at £201
- Broadcast revenue accounts for 88% of Bournemouth's value - the highest in the league (This is why it is so crucial for smaller clubs to stay in the PL, risking life and limb to do it - see Brighton below)
- Brighton saw a 148% increase in wages - the most in the league
Full article: https://www.bbc.co.uk/sport/football/48145285
*Namely: any actual accrued debt is just siphoned off onto Sheikh Mansour's various other overseas holdings.
An asset worth hundreds of millions to other clubs and theirs is rented, while massive chunks of their revenue comes from their owners.
when did this happen?!)