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I'm sorry, but why would you compare revenue to minor league baseball? Collegiate basketball and football make significatly more money than collegiate or minor league baseball. America has clearly decided that they wI'ill spend just as much money on second tier leagues for these sports and any valuation would need to be based on this or be disingenuous.

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He explained: the difference between minor league baseball and NCAA football is the fanbase and tradition the schools bring. A putative Ann Arbor Wolves minor league football team would not have a stadium that dwarfs all NFL stadia.

Right, this is my contention. I admit that it's definitely speculative.

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