From the Argus comments:
Actually if TB wanted to sell his club he would get 500m back easy despite this university report which must be taken with a pinch of salt, it is after all only an academic paper divorced from the real world.
Ouch.
Half a billion pounds, the bloke is mad. His follow up shows that he's not a great fan of Mr Bloom. "If you think TB is some kind of mother Teresa doing it for the people you are deluded. After all he makes his money in the betting industry fleecing gambling addicts and their families."