Manchester City have compounded their on-pitch dominance over Manchester United with the news that they have become the most valuable Premier League club, according to a new football finance study.

City are now valued at £2.364bn, up £385m, while United are valued £2.087bn, a drop of £376m –which the club blame on "higher wages and lower profit". The two Manchester clubs are the only two valued at more than £2bn in the study for the 2017-18 season, with Spurs (£1.837bn), Liverpool (£1.615bn) and Chelsea (£1.615bn) also rising in value, and Arsenal dropping to £1.368bn without Champions League football.

The top six account for almost three-quarters of the combined league value(£10.9bn), with Burnley described as the "most sensibly run club in the Premier League financially". The study by the University of Liverpool's Centre for Sports Business Group found the cumulative value of the league's clubs is £14.7bn, a 1.6% drop.

This year, Liverpool recently recorded the highest revenue increase in the Deloitte Football Money League.