Tottenham Hotspur have been named the most valuable club currently in the Premier League by a brand new university study.
University of Liverpool Management School football finance expert Kieran Maguire has compiled his research that shows Spurs have overtaken all of their rivals with their business management.
The construction of the Tottenham Hotspur Stadium has helped massively, with it being deemed as 'highly commercial' allowing for unprecedented earning potential.
Per Daily Mail, the figures have been compared to results found in 2018 - with Tottenham jumping from third with £1.8 billion value to first with £2.5 billion value.
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Check out the entire top ten below.
1. Tottenham Hotspur - VALUE: £2.5 billion
2. Manchester City - VALUE: £2.2 billion
3. Manchester United - VALUE: £2.1 billion
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4. Liverpool - VALUE: £1.6 billion
5. Arsenal - VALUE: £1.4 billion
6. Chelsea - VALUE: £1.2 billion
7. Wolverhampton Wanderers - VALUE: £458 million
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8. Newcastle United - VALUE: £387 million
9. Burnley - VALUE: £350 million
10. Leicester City - VALUE: £304 million
Spurs replace Manchester City in top spot, as Pep Guardiola's side drop from their 2018 value of £2.3 billion to £2.2 billion.
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Manchester United have fallen from second to third after two trophyless years as well as missing out on this season's Champions League.
One huge factor of Spurs' climb to the top was their Champions League final appearance, in which they lost 2-0 to Liverpool.
"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 £100-150 million lower than the rest of the "Big Six," Maguire explains.
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"As such they made more profits, and this was reflected in the final valuation number.
"These factors led to a 21% increase in income, to £461 million for Spurs in 2018/19, against an unbelievably light 39% player wage cost - the lowest ratio in the Premier League.
"By comparison, top four rivals Leicester City see 84% of their income eaten up by player wages. Tottenham also only spent a net £22 million on players while only Watford spent less."
Premier League clubs are currently taking a huge financial hit due to the coronavirus pandemic.
Loss of match day revenue has resulted in many players taking a pay cut to help clubs with operating costs.
Featured Image Credit: PA ImagesTopics: Manchester City, Liverpool, Football News, Chelsea, Tottenham Hotspur, Football, Manchester United, Premier League, Arsenal