A new study has looked into each Premier League club’s value, taking into account factors such as debt and transfer losses.
Every side which took part in the English top flight’s 2015/16 campaign has now published its accounts.
And Liverpool University footy finance expert Kieran Maguire has trawled through the numbers and produced a detailed study about club’s values based on the data.
He says that the complex model “takes into consideration income, profits, wage control, net assets and unsold seats at games.”
So which Premier League club is the most valuable, according to the study?
Click through the gallery above to find out.