English soccer champions Manchester City have been named the most valuable club in the Premier League at UK£2.364 billion (US$3.082 billion), according to a study by the University of Liverpool’s Centre for Sports Business.

The study finds that City’s local rivals Manchester United also broke the UK£2 billion (US$2.6 billion) barrier but are worth almost UK£275 million (US$358.5 million) less than the reigning league champions, despite sealing UK£90 million (US$ 117.3 million) more in revenue for the 2017/18 season.

As Tottenham start life in their new home stadium, they find themselves third in the value table after the additional revenue gained from playing at Wembley and a streamlined wage structure.

The study also finds a marked gap between the 'Top Six' clubs and the rest of the league.

Both Manchester clubs, Arsenal, Chelsea, Liverpool and Spurs all broke the UK£1 billion (US$1.3 billion) mark.

However, the seventh most valuable club, Burnley, was worth only UK£398 million (US$518.8 million).

The overall value of Premier League clubs fell by 1.6 per cent to UK£14.7 billion (US$19.1 billion), with the 'Top Six' making up 74 per cent of this total.

The report's authors said: "[The Top Six's] dominance of revenue streams is likely to ensure that the gap between themselves and the remaining clubs in the Premier League is maintained."

The University of Liverpool elected to use the Markham Multivariate Model developed by Dr. Tom Markham, senior executive for Sports Interactive, creators of video game Football Manager.

The model utilised revenue, profits, non-recurring costs, player sales, wages and attendance figures to generate the rankings.

On the pitch, Manchester City and Liverpool are battling for the Premier League title with two games left with City sitting on 92 points and Liverpool on 91.