Billy the Fish
Technocrat
The population of Newcastle is lower than Brighton, and we have a huge catchment area just like they do. They might have a moderately higher fanbase right now because of their history in the top flight, but it's not overly significant surely... and over time we easily have the potential to exceed theirs, with a more affluent population too.
In addition, in terms of material assets, we have a state of the art training ground and stadium in the South. Land value is surely a lot higher than theirs.
We would surely be a better investment and thus worth more money, if thinking surely from a business perspective. You are right though that our relatively low ground capacity limits our potential.
Our fanbase will never be as big or as fanatical as theirs. This is cloud cuckoo land stuff