Liverpool's last season's UCL final opponents Tottenham are the Premier League's most valuable club while the Reds are trailing them by £1bn.
That's according to research conducted by University of Liverpool Management School football finance expert Kieran Maguire.
Spurs have dethroned Manchester City, the Reds are ranked fourth, behind both Manchester sides.
Here is how the clubs are ranked now:
- Tottenham Hotspur - £2.567bn
- Manchester City - £2.186bn
- Manchester United - £2.08bn
- Liverpool - £1.553bn
Our neighbours, Everton are valued at £257m. The Premier League's least-valuable club is Bournemouth at £99m.
According to the Liverpool Echo, the research model took into consideration such factors as revenue, profits, non-recurring costs, average profits on player sales over a three-year period, net assets, wage control and proportion of seats sold.
The Echo quote Kieran Maguire who explained: "Liverpool’s value increased in 2018/19, and the figures do not reflect the club winning the Champions League, which took place on June 2, 2019 but their accounts go up to May 31.
"Had it not been for Covid-19, a further sizeable increase in the value would have been anticipated for 2019/20 on the back of the Champions League bonuses, World Club Championship success and almost certainly being Premier League champions too.
"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 £100m-150m lower than the rest of the 'big six'."
The expert expects the values of the clubs to be heavily affected by the coronarivus pandemic.
“Club values will take a considerable hit," Maguire added. "There are fewer potential buyers in the market and greater uncertainty in terms of clubs' ability to generate income.
“We have seen the share prices of clubs with shares quoted on the stock exchanges, such as Manchester United and Juventus, fall by 20-30% since the start of the year. This is likely to be greater for smaller clubs who don't have the marketing and reputational might of the well-known brands."
