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</html><thumbnail_url>https://www.twentyfirstgroup.com/wp-content/uploads/2024/09/The-Gauge_Website-tiles-1.png</thumbnail_url><thumbnail_width>1234</thumbnail_width><thumbnail_height>1000</thumbnail_height><description>The extent of over or underperformance against budget should be the critical KPI for clubs and prospective owners. Resources naturally vary from club to club, but performance relative to spend is within a club&#x2019;s control, and a lead indicator of long-term results and the revenue multiple that underpins club valuations.</description></oembed>
