The London based club beat the likes of Manchester United, Liverpool, Manchester City and Chelsea to the top spot due to their very high monetary value.
According to a study conducted by the University of Liverpool Management School, Tottenham was able to clinch the top spot thanks to their business model and low salary payments compared to their counterparts.
The North London club who have not won a trophy yet have a net worth of £2.6 billion ahead of Manchester City who is worth £2.2 billion.
The club, which topped the table in 2018, saw a drop in their earnings. Manchester United, last year’s second place holders have now dropped to fourth place.
Football finance expert had this to say about the rankings:
“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 £100-150m lower than the rest of the ‘Big Six’. As such they made more profits, and this was reflected in the final valuation number.
“These factors led to a 21 per cent increase in income, to £461m for Spurs in 2018-19, against an unbelievably light 39 per cent player wage cost – the lowest ratio in the Premier League.
“By comparison, top four rivals Leicester City see 84 per cent of their income eaten up by player wages. Tottenham also only spent a net £22m on players – only Watford spent less (£21m) – where Chelsea spent net £290m, Liverpool £223m, Man Utd £135m and Man City £87m.”
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