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Valuation

Every engagement starts here, because you cannot negotiate from a position you have not measured. This is a real inventory, anonymised.

How a valuation is built

  1. Inventory

    Everything you could sell, including the things you have never thought of as inventory. Most clubs list about half of what they own.

  2. Comparables

    Deals in comparable leagues, comparable audiences and comparable markets. Public where possible, and I say which are not.

  3. Adjustment

    For your audience, your reach, your performance risk and your category exclusivity. This is the part that is judgement, and I show you the working.

  4. The rate card

    A number per asset that you can defend in a room, with the reasoning attached, and a floor below which you walk away.

The inventory

A Segunda club, 2026/27 season

Every asset valued against comparable deals in comparable markets. The number the club had in mind was €1.1m.

AssetValued atBefore
Shirt front€620,000Sold at €410,000 last cycle
Shirt back€180,000Never sold separately before
Sleeve€145,000Unsold
Training kit€95,000Bundled, unpriced
Stadium naming€520,000Never taken to market
LED and perimeter€210,000Sold at €190,000
Academy naming€70,000Unsold
Total€1.84m The club's own number €1.10m
Inventory by value
620 Shirt front 520 Naming 210 LED 180 Shirt back 145 Sleeve 95 Training 70 Academy

The same inventory, by value. Two of the three biggest assets had never been taken to market.

A note when a deal is public

Four or five a year. Nothing else.

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