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With losses of £27 million in 2015/16, nothing. By the time you'd repaid TB his loans the shares would be worthless. Will have to wait 20 months for the 2017/18 accounts to come out to get a valuation.

LCFC boosted by Champion's League qualification and new commercial deals in 2016/17 too. Model has flaws like all valuation approaches, but came very close to the price at which Stains were sold for yesterday, as well as MUFC present market capitalisation. It's as much art as science, just...

Everton lost a lot of money in 2015/16, Leicester boosted by winning EPL which generated more broadcasting income and prize money.

They don't own the stadium, profits aren't great and had quite a lot of debt. Figures based on 2015/16 accounts so I'd expect a big jump for WHU when I do the update next spring when new accounts out.

It's a valuation model rather than a list of profits. Takes into account wage control, profitability, income and excess capacity.

I did a valuation of all the EPL clubs a few months ago, based on their most recent financials, using a reasonably good model. It doesn't take into account the latest TV deal, and assumes continued existence in the EPL, but is valid if you think the club is going to continue in the top flight...