But the boost from winning the EPL is temporary, how is that affecting the value of the company so much?
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 like valuing a house, but is a start point (and helps get me slagged off in the newspapers when it was published).