Tottenham, a football club based in London, has been named the most valuable first league team to beat Manchester United, Liverpool, Manchester City and Chelsea.
According to a thorough study by the University of Liverpool Management School, Tottenham beat their rivals to the gong because of their business model and low wage pay compared to United, City and Liverpool.
Because of their monetary value, the north London club which has not yet won a trophy has now been named the most valuable football team in England.
According to Kieran Maguire, Football Finance expert at the University of Liverpool Management School, Tottenham now has an overall club value of £2.567 billion due to its ‘highly regimented and generally low wage system, together with a highly commercial stadium with continuous earning potential.
Man City, the table toppers for 2018 with a value of £2.364bn, dropped into second after seeing a drop in value to £2.2bn, while Manchester United dropped to fourth earlier.
Not surprisingly, in the most recent study, Liverpool rose to fourth with a total of £1,627bn, explains Maguire: ‘Spurs are top of the valuation table because they delivered a Champions League final in 2018-19 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 that was reflected in the final number of valuation.
These factors led to an increase in income of 21 per cent, to £461 million for Spurs in 2018-19, compared with an incredibly 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.’