A brand new approach to pricing football groups indicates the financial disparity between the Premier League's elite and those fighting to stay in the team. Mary Markham, a qualified accountant and former exchange investor with an MBA in Football Industries, has devised a new, six-point want to get the elusive value of a team. Markham, from Henley Business School at the University of Reading, has used revenue, income (or loss), net assets (all the club's assets, less all its liabilities, including debt) in addition to ground utilisation per cent and salaries to revenue per cent, predicated on figures between 2003/04 and 2011/12 to draft a true appraisal of a club's price. The 'group dining table' values 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 recent days Arsenal was stated to be the goal of a A1.5billion offer by a Middle Eastern consortium which ended up to be a where do these membership value results come from and which could be trusted? Exclusively my design considers income, earnings, stadium volume and usage, person spending, debt and other facets to produce a alike for like' cost a aneutral' person may pay for any particular club. "The table offers interesting reading. The MMM (Markham Multivariate Model) English Premier League appraisal table shows routinely profitable Tottenham Hotspur will probably be worth a lot more than both Manchester City, the Premier League title-holders, and Liverpool, 18-times champions. "Manchester City being fifth isn't surprising whilst the club don't possess their stadium, which anyway has only 47,805 seats, reduced compared to likes of Arsenal and United and they have spent within the chances on player transactions and earnings. "Liverpool is really as low as sixth for just two main reasons: missing out on the big revenue streams rivals make from the Champions League and losing out to rivals every match time because of the stadium condition. Liverpool gets A1.5m per match morning, versus Manchester United's A3.7m. I assume the club's value to boost considerably once the re-development of Anfield is complete." A dozen Premier League clubs improved ownership between 2005 and 2010, and at present 11 of the 20 factors in the division are under foreign ownership. 2012 EPL team values table utilizing the Markham Multivariate Model Position Club Price (Am) 1 Birmingham United 1,060.4 2 Arsenal 942.9 3 Chelsea 510.5 4 Tottenham Hotspur 436.3 5 Birmingham Town 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 Villa 102.5 14 Stoke Town 94.9 15 Norwich Town 90.1 16 Swansea Area 64.8 17 Queens Park Rangers 59.9 18 Reading 58.0 19 Southampton 57.5 20 Wigan Running 42.8
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