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Book value vs. Market Value of Clubs


I'm curious if anyone has read anything about the difference between purchase prices of clubs and the Forbes "value" of teams that's published annually.


I'd be interested if there's some consistant factor in their eventual purchase price...e.g. the Rangers will sell for around $560 and they were last valued at $405. I'm curious if a 40% premium over Forbes' number is normal.  

I realize other factors come into play, but it would be nice to get a frame of reference on those Forbes valuations.

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