AZ Gull
@SeagullsAcademy @seagullsacademy.bsky.social
I have no idea whether you are saying (in your view) Chelsea could legitimately include a player sale to SA in season 2022-23 accounts?Where there’s a binding contract and known consideration sum, it’s accounted for at that time. [Economic substance takes precedence over legal form. The right to the asset existed at an earlier date to all legal or industry formalities being ticked off].
So three separate things:
1. Binding contract = capitalise new player or disposals in the accounts.
2. Not affecting the accounts at all … formalities completed.
3. The financing of the dead/cash flows, typically instalments over several years.