Well yes, but that profit will quickly evaporate if they go down, (which they might in the next few years). Whereas Leicester, who they are more valuable than, won't. In that respect, i'll deduce the MMM formula doesn't account for projected future performance / income.
If I was buying a...
And Everton? Why so low. OK they don't have a new stadium, but they have several very expensive playing assets, an international brand, 40k+ every week and only a tiny chance of relegation.
West Ham are low as well, but I can sort of understand that given the circumstances surrounding their...
Does that apply here? This graph is talking about the value of the club. So if someone bought TB out, for example the players on the books would be one of the clubs assets taken over
I know nothing about the MMM formula, but on an initial look it seems to give a lot of weight to stadium capacity / cost and somehow has managed to get Burnley surprisingly high on the list