Manchester City have officially overtaken Manchester United to become the most valuable club in the Premier League.

According to a new football finance study by the University of Liverpool, City's value has increased by £385m up to £2.364bn.

The study writes about the Citizens: "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."

United's value has dropped by a whopping £376m to £2.087bn, which is being blamed on "higher wages and low profit".

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Burnley are the seventh most valuable club in the division and are described as the "most sensibly run club in the Premier League financially".

You can view the full table below.

TABLE

The top six make up 74% of the overall total, with Tottenham surprisingly ahead of Liverpool, Chelsea and Arsenal.

The study from the University of Liverpool calculated 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 to create the data, per BBC.

While United were recently named the third richest club in the world by Deloitte in January, those findings only take revenue into account.

As such, the Red Devils did have the highest revenue of any club in the Premier League with £590m, with City second on £500m.

Arsenal are said to have made £120m from player sales, while broadcast revenue accounts for 88% of Bournemouth's value - far and away the highest in the league.

Brighton also saw a 148% increase in their wage bill, while Man United's wage bill was the highest in the league at £296m - Huddersfield's was the lowest at £63m.

Chelsea do top the table when it comes to annual match day income per supporter.

The Blues make around £1,791 per fan throughout the year, while Huddersfield make just £201 - once again the lowest.