The issue that their sporting performance doesn't have an impact on their finances, as claimed by Woodward last year, is already ringing hollow. They're facing a significant fall in revenue in the current financial year and the market value of the club has dropped like a stone. That's not just on the stock market but, when our financial results are published, I suspect the the standard valuation model used to specifically value football clubs (the Markham Multivariate Model) will show that we're more valuable than them.