Oliool - Yes - if they took 50%, they would get 50% of the profits. But, at present, as noted in the Tory article, there were combined losses of around £28.5 million last year. That is not new. For the last few years, there has been no profit to share.
I don't think that's quite right. The clubs as a whole are making a £28.5m loss. But PRL (which is the thing they are thinking of selling) is profitable. It pays dividends to the clubs (i.e. it hands them their on 13th share of the TV rights etc).
So by doing this they
would be handing over something which is currently of value to them.
OP