Yes true. Though when Finny was outlining the value of Chelsea, I was not so sure. The value of a football club is highest sold to a fan as a plaything. See Arse-Spotify. As a business, because of the wages it really isn't very attractive. Few clubs turn a profit that isn't re-invested. So you're outlaying 2b say, without the prospect of any return, just the asset. That is fine if you're in love with the club, but as a business it sucks. Chelsea was reportedly up for sale for some time - since Abromovich's visa to the UK was questioned. But it has not been sold.
@Finney Is Back was talking about Ebitdar, which is a measure of a companies profitability before tax or any funny business. Its what is commonly used to value companies for a sale. I can not imagine an EBITDA equation values Prem football clubs as highly as we think. Would be interesting for someone to run the numbers.