What about amortisation from previous years? Are there none because of the huge profits on player sales?
The question is whether the players bought are an asset, or a liability, in the long run.
Does that include Ferdie and O’Reilly?
It depends if you can sell that box set for the same or more than you paid for it? If the spend is making you money it is an asset.
Good question. And also brings the query - do you have to amortise, or can you place the entire cost in one year if you have big sales to offset it? I understand that the assets are on the books so need to be accounted for, but that can hurt you in terms of PSR accounting
Hope not!
I'd love to help balancing the books, but I can't eat any more sausage rolls.
But what about the cash flow?
We can also carry the profits forward from last year … there’s no question Tony and Paul know what they are doing here.
thats the thing, we wouldn't. arguably we shouldn't need to, by buying in prospective talent that will grow, only need a large spending every 3 or 4 years, or after a particularly fruitfull selling season.
This is true. But the consideration is that during those years there would also be transfers out. This year the club have made £30m. I suspect in those years a single transfer out would cover it. In recent years it has more than covered it. In some cases multiple times.
