While Pep Guardiola is absolutely right to admit that Manchester City have under-performed this season, the scale of his team’s failure is nothing compared to that of Manchester United.

An analysis by The Times into the value for money that each top-flight club has achieved in the Premier League this season shows that City have been a big disappointment — but José Mourinho’s side are ranked as the biggest losers, worse even than Sunderland.

The value-for-money table compares each club’s most recent published annual wage bill with the number of points that they have won in the Premier League. In terms of points won per £1 million spent on wages, Tottenham Hotspur, second in the league table, emerge as the team that got most value