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Man City overtake Manchester United as most valuable football club

[Courtesy]

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 Centre for Sports Business, while United are valued at £2.087 billion, down £376 million.

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