pfim
Player Valuation: £40m
Right but we're not talking about building a club from scratch. We're talking about someone buying a club and then running it as a business to make the biggest profit and if you're buying a club with a huge fanbase already like Man u and liverpool you don't need to win stuff to get those guys on board.
If henry, glazer etc really were running their clubs as business man the first thing they'd do would be to sell all their players except just enough to keep them in the league, milk the profits like that for a few years and then sell to someone else before the fan lynched them.
Profit is not the only measure of economic gain. It can be at times the most misleading.
Glazers bought ManU for 800 million, current market cap is around 1.8 billion. It would not be 1.8 billion if they sold all their assets (players) and milked the profits. This is where most owners create the economic value they're looking for, not on the income statement.