Zordon
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In our series of fan base analyses across leagues, we adjust for these complicating factors using a revenue premium model of fan equity. The key idea is that we look at team box office revenues relative to team on-field success, market population, stadium capacity, median income and other factors.
https://blogs.emory.edu/sportsmarke...-equity-maybe-the-cowboys-are-america’s-team/
https://blogs.emory.edu/sportsmarke...-equity-maybe-the-cowboys-are-america’s-team/