Man City overtake Man Utd as most valuable Premier League club: report

A football business model which factors in debt and transfer losses shows that Manchester City have edged ahead of Man United again. (Social media)
Updated 03 May 2019

Man City overtake Man Utd as most valuable Premier League club: report

  • Manchester City have again been named as the Premier League’s most valuable club after pipping rivals Manchester United
  • The Abu Dhabi owned Blues were first proclaimed to be top of the cash table two years ago

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 Friday.
Premier League champions City are valued at £2.364 billion ($3.07 billion) in 2017/18, up £385 million, according to the study by the University of Liverpool’s Center for Sports Business, while United are valued at £2.087 billion, down £376 million.
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.
The pair are the only two Premier League clubs valued at more than £2 billion.
“Manchester City’s value increased in 2018 due to a combination of higher revenue and lower wages,” the Liverpool University report said.
“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.
“Critics of Manchester City will point out that it is part of a multi-club ownership model and that there are commercial deals with related parties which might not apply should the club be sold and therefore a prospective owner might not be willing to pay this value.”
The value of Premier League clubs decreased by 1.6 percent overall to £14.7 billion, with the ‘Big Six’ of United, City, Liverpool, Arsenal, Chelsea and Spurs making up £10.9 billion — 74 percent of the total.
The gap between the bottom club in the Big Six and the next highest valuation is now nearly £1 billion.
Liverpool, Chelsea and Spurs show major increases, and Arsenal and Leicester show large falls due to non-participation in the Champions League.
The report’s model takes into consideration revenue, profits, non-recurring costs, average profits on player sales over a three-year period, net assets, wage control and proportion of seats sold.
United came third behind Real Madrid and Barcelona in Deloitte’s list of the world’s richest clubs published in January, which ranks clubs according to how much revenue they earn.


Amaala lift champion trophy in Saudi Arabia’s first-ever desert polo tournament

Updated 19 January 2020

Amaala lift champion trophy in Saudi Arabia’s first-ever desert polo tournament

  • Amaala earned the bragging rights as the 2020, and inaugural, AlUla Desert Polo champions

JEDDAH: Renowned Argentine polo player Nacho Figueras scored all his side’s goals as Amaala hammered out an emphatic 7-3 victory over host team AlUla to win the Kingdom’s first-ever desert polo tournament on Saturday at AlUla UNESCO heritage site.

Prince Abdul Aziz bin Turki bin Faisal, chairman of the General Sports Authority, presented the trophy to Amaala after the final.

The event forms part of Winter at Tantora festival, featuring international polo players, who had the experience of playing on compacted desert sand instead of grass amid the stunning surroundings at AlUla.

The Royal Commission of AlUla organized the three-day tournament in cooperation with the newly formed Saudi Polo Federation.

In winning the tournament, Amaala earned the bragging rights as the 2020, and inaugural, AlUla Desert Polo champions.

Players from all over the world took part, including team members from the world famous La Dolfina polo outfit from Argentina, including Adolfo Cambiaso, Pelon Stirling and Pablo Mac Donough.

In the match for third place, Al Nahla Bentley defeated Team Richard Mille 4-2 with Sheikha Alya Maktoum scoring a hat trick of goals.

Figueras said: “It’s an amazing place with an amazing history, an amazing heritage and an amazing first tournament for the Saudi Polo Federation. I’m very honored to be here and I’m delighted that we were able to win.

“This country is going through a transformation and there are amazing years to come.”

Mac Donough added: “For us it was a completely new place; polo-wise Saudi Arabia wasn’t something we were doing before. Having the chance to come to such an amazing country and having the chance to play a tournament and promote the sport, all this makes us feel very proud and we hope we can continue it.”

Saudi Polo Federation chairman, Amr F. Zedan, who played for Team Richard Mille during the tournament, said: “I see this event as a launching pad for the future. We have big plans for polo in Saudi Arabia that include the establishment of development programs and the construction of facilities to assist in building a polo infrastructure in The Kingdom.”

Amr Madani, CEO of the Royal Commission of AlUla, said: “Our tourism strategy for AlUla has been built around certain anchors — heritage, culture, nature and arts. Equestrianism has always been a key industry for us, and the surroundings here make AlUla one of the best locations to ride horses.”