The profit is there the same way the house that I own but I do not live in and let out makes only a very small profit(major roof work and a new kitchen in last 2 years) I keep a hold of it and put back money into it because the market over time will always rise and when I sell in 10 years to fund my retirement I will sell for a huge profit. I am not making a profit now but it is the when I want to sell because of the rising market value so I only have to keep it in reasonable shape to rent out.
And that is exactly why private ownership of football clubs is just wrong.
Given that it is allowed, we couldn't be in much better hands.