Tottenham valued higher than Manchester City and Liverpool - The Independent

A fresh approach to valuing football clubs has shown the economic discrepancy between the Premier League's elite and those fighting to stay in the section. Ben Markham, a qualified accountant and former exchange investor by having an MBA in Football Industries, has invented a new, six-point plan to get the elusive value of a club. Markham, from Henley Business School at the University of Reading, has used revenue, gain (or loss), net assets (all the club's assets, less all its liabilities, including debt) in addition to ground utilisation per cent and wages to revenue per cent, based on results between 2003/04 and 2011/12 to set up a true value of a club's value. The 'league table' beliefs Manchester United, Arsenal and Chelsea at a combined total of very nearly A2.5billion, while Queens Park Rangers, Reading and Wigan, the current base three, have a combined value of less than A160 million. Markham said: "In current weeks Arsenal was rumoured to be the mark of a A1.5billion present with a Middle Eastern range which proved to be a where do these team valuation results come from and which may be trusted? Distinctly my model considers money, gains, arena volume and utilization, player spending, debt and other facets to make a alike for like' price that the aneutral' person may pay for any particular membership. "The table offers interesting reading. The MMM (Markham Multivariate Model) English Premier League appraisal desk reveals often successful Tottenham Hotspur will probably be worth significantly more than the Premier League title-holders, equally Manchester City, and Liverpool, 18-times winners. "Manchester City being fifth is not surprising whilst the club don't possess their stadium, which anyway has just 47,805 seats, lower than the loves of Arsenal and United and they've spent within the odds on person transfers and earnings. "Liverpool is as low as sixth for 2 main reasons: missing out on the big income streams rivals make from the Champions League and losing out to rivals every fit morning due to their arena condition. Liverpool earns A1.5m per fit time, versus Manchester United's A3.7m. I assume the club's survey to boost considerably once the re-development of Anfield is complete." Twelve Premier League clubs changed ownership between 2005 and 2010, and currently 11 of the 20 sides in the team are under foreign ownership. 2012 EPL team values table utilizing the Markham Multivariate Model List Membership Importance (Am) 1 Birmingham United 1,060.4 2 Strategy 942.9 3 Chelsea 510.5 4 Tottenham Hotspur 436.3 5 Manchester City 401.1 6 Liverpool 352.2 7 Newcastle United 275.8 8 West Bromwich Albion 126.9 9 Sunderland 121.8 10 Everton 112.3 11 Fulham 108.7 12 West Ham United 104.3 13 Aston Property 102.5 14 Stoke Area 94.9 15 Norwich Town 90.1 16 Swansea Town 64.8 17 Queens Park Rangers 59.9 18 Studying 58.0 19 Southampton 57.5 20 Wigan Athletic 42.8

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