Valuations in company accounts have more to do with what the shareholders need the valuation to be than the the market value.
That is true of SUFC and Coolsilk as it is of most businesses. Even that valuation is from a long time before the team was propping up the National League.
An independent market valuation would be interesting. A piece of land with planning permission for some apartments is worth a few quid but a long way short of £5m.
A football club with a future in NLN beckoning is worth very little in terms of market value.
