The current $15 million valuation "truly reflects their value," he said.
According to media rights experts, clubs at that level will be conservatively worth twice their current valuations.
Still, there are some aspects to the current valuation of Warburg that could interest a bidder.
But can it be a big-enough benefit to justify current valuations in the stock market?
"You've got stocks that are pretty beaten up, and from a long-term point of view, attractive at current valuations," he said.
But private values have also risen, and he sees no problem with current valuations, though others call them high.
Until the 2005 appeal concludes, the current 2010 valuation will be used.
You are talking about a basis price that is tiny compared to the current valuation.
"People are waiting to see if an economic recovery can justify the current valuations."
But until investors fully understand that rates may go higher this fall, they won't see the risks in the current valuations of stocks.