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A new study of the Premier League has shown that Tottenham Hotspur's recent rise has impacted them off the pitch with their value on the open market now above Chelsea and almost double that of Liverpool.

That's the view of one football finance expert after basing his calculation on club's 2016 accounts. Kieran Maguire, who lectures on football finance at Liverpool University, has carried out the same calculation on 20 Premier League clubs and says combined they are worth £11.654bn.

The debt-free Manchester City top the list with a value of £2.297bn after leapfrogging Manchester United (2.232bn). Arsenal are third with £1.265bn with Spurs just behind with £1.151bn.

Tottenham's stock will have risen with their state-of-the-art training ground, new 61,000 seater ground on the way, Champions League qualification and a squad full of valuable young stars and highly-regarded manager.

Here is the full Premier League list:

£2.297bn: Manchester City

£2.232bn: Manchester United

£1.265bn: Arsenal

£1.151bn: Tottenham

£1.050bn: Chelsea

£589.3m: Liverpool

£568.2m Newcastle

£376.4m: Leicester City

£248.3m Southampton

£249.5m: Norwich

£229.5m: Stoke City

£211.1m: Everton

£169.7m: C Palace

£166.8m: Bournemouth

£161.8m: West Brom

£161.7m: Aston Villa

£148m: West Ham

£131.7m: Sunderland

£125m: Watford

£113.5m: Swansea City