Well, its not something i would do.
But i think "on paper" we dont have any real assets other than the stadium or players...
So the £200mil value will be based on that + projected revenues.
If we are looking at circa £50mil more a season then theres a few things:
A-- The owner could simply hold onto that £50mil and use it to buy assets like the training ground etc. Or take a loan out based on it to build a stadium using their own deep pockets as collateral. Meanwhile investing in players to improve the team as without the team being at the top the stadium will be empty as we see with championship clubs who went down this route.
B-- Pay £200mil, sell a bunch of players and still find "on paper" that theyve brought in say £120mil but the club is valued at more than £80mil. Then sell it on to someone at a much lower price...
@roydo i'm not "arguing" with anyone at all, i just dont see how the club can not be undervalued at £200mil...football clubs are calculated differently to other businesses so i really dont have any idea here.
Im obviously wrong because otherwise i think the price wouldnt be so low but i cant see actually why i am wrong...if that makes sense.